Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: MEXC against Gate+0.072%7-day average +0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$360.363% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.031%−$3 on $10k
Price spread, last 7 days−0.063%−$6 · spread now +0.072%, 7d avg +0.014%
Together, before fees−0.095%−$9 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.058% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.014%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate TAO_USDT305.700.0100pay 0.0050% / 4h2h 29m$12.2M$48.0M50x
ShortMEXC TAO_USDT305.920.0100get 0.0050% / 4h2h 29m$113.0M$123.1M300x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

MEXC against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.072% → +0.014%
$5.85
Slippage, 4 orders
−$21.33
Fee Gate: 7.5 bp × 2 orders
−$15
Fee MEXC: 0 bp × 2 orders
$0
Net
−$30.49
Costs to cover
0.363%
Break-even
never at this rate
Slippage from Gate: live order book, 5 min ago; MEXC: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 5 min ago3.25 bp12.8 bp −$1337.6 bp −$37662.4 bp −$6,24399.6 bp −$49.8K
Sell MEXC live order book, 5 min ago0.32 bp1.9 bp −$27.6 bp −$7626.7 bp −$2,667120.0 bp −$60.0K

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h305.82+0.039%$128K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h306.27+0.186%$19K150xas long as short
Deribit TAO_USDC-PERPETUAL+0.0078%1h306.38+0.223%$15K$1.3M25xas long as short
Popdex TAOUSDT+0.0096%1h306.70+0.327%$42K$523K20xas long as short
Pacifica TAO+0.0100%1h306.05+0.114%$362K$401K10xas long as short
Binance TAOUSDT+0.0100%4h305.68−0.007%$85.5M$403.0M75xas long as short
Bybit TAOUSDT+0.0100%4h305.80+0.033%$59.1M$118.0M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h305.700.000%$25.0M$92.3M50xas long as short
Arcus TAO-USD+0.0100%1h306.86+0.379%$136K$594K5xas long as short
Bulk TAO-USD+0.0100%1h307.07+0.448%$201K$57K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TAO_USDTlong+0.0100%4h305.70long leg$12.2M$48.0M50x
MEXC TAO_USDTshort+0.0100%4h305.92+0.072%$113.0M$123.1M300x
KuCoin TAOUSDTM+0.0100%4h305.87+0.056%$18.5M$26.4M75xas long as short
Bitget TAOUSDT+0.0100%4h305.57−0.043%$34.3M$44.4M50xas long as short
BingX TAO-USDT+0.0100%4h305.92+0.072%$30.5Mas long as short
Variational Omni TAO+0.0100%4h307.53+0.599%$3.6M$6.5Mas long as short
edgeX TAOUSDC+0.0100%4h307.34+0.536%$40K$278K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h307.77+0.676%$539K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h307.19+0.487%$46K$267K50xas long as short
Bullet TAO-USD+0.0100%1h306.33+0.205%$12K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h306.31+0.200%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h306.19+0.160%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h306.09+0.128%$120K$352K20xas long as short
Phemex TAOUSDT+0.0100%4h305.83+0.043%$3.2M$7.9M50xas long as short
Polymarket Perps TAO-USD+0.0104%1h306.82+0.366%$86K$669K5xas long as short
Aevo TAO-PERP+0.0104%1h306.36+0.218%$168K$9983xas long as short
Katana Perps TAO-USD+0.0112%8h306.47+0.252%$3K$434K5xas long as short
Aster TAOUSDT+0.0147%4h306.18+0.157%$1.1M$7.5M50xas long as short
Paradex TAO-USD-PERP+0.0163%8h305.90+0.067%$14K$1K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h306.18+0.157%$437K100xas long as short
Phoenix TAO+0.0234%1h308.30+0.851%$327K$462K5xas long as short
Nado TAO-PERP+0.0298%1h306.58+0.289%$840K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h306.14+0.144%$4.2M$9.4M100xas long as short
01 Exchange TAOUSD+0.0520%1h306.97+0.415%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0694%1h306.32+0.202%$35220xas long as short
Extended TAO-USD+0.0696%1h305.78+0.027%$901K$2.0M25xas long as short
Lighter TAO+0.0944%1h306.38+0.223%$1.6M$4.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h307.34+0.536%$1.5M$5.3M50xas long as short
Kraken Futures PF_TAOUSD+0.1029%1h306.40+0.230%$6.3M$19.5M50xas long as short
RISEx TAO/USDC+0.1053%1h306.86+0.378%$410K$535K5xas long as short
Backpack TAO_USDC_PERP+0.1262%1h305.88+0.059%$442K$712K10xas long as short
Hyperliquid TAO+0.1701%1h306.56+0.281%$93.7M$75.8M5xas long as short
Injective TAO/USDC PERP+0.4876%1h305.96+0.085%$22K$17112xas long as short