Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Gate+0.039%7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$520.521% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.039%, 7d avg +0.038%

Together, before fees−0.062%+ Points / potential airdropPacifica: Active · farm board−$6 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.038%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	304.40	0.0100	pay 0.0050% / 4h	1h 50m	$12.1M	$48.2M	50x
Short	Pacifica TAO	304.52	0.0164	get 0.0020% / 1h	50m 33s	$360K	$369K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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

Position, each leg$Hold fordaysFee GatebpFee PacificabpOrdersPrice spread, now +0.039%Rate

Funding earned: $13.34
Price spread: +0.039% → +0.038%: $0.17
Slippage, 4 orders: −$29.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$38.59
Costs to cover: 0.521%
Break-even: 27.2 days

Slippage from Gate: live order book, 3 min ago; Pacifica: live order book, 33 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 3 min ago	3.26 bp	20.6 bp −$21	39.8 bp −$398	62.7 bp −$6,271	100.4 bp −$50.2K
Sell Pacifica live order book, 33 min ago	1.63 bp	8.3 bp −$8	doesn't fit	doesn't fit	doesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.0466%	1h	307.38	+0.979%	$202K	$17K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	304.37	−0.010%	$125K	$87K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	304.65	+0.081%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	304.74	+0.112%	$42K	$532K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	304.75	+0.116%	$85.6M	$409.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	304.77	+0.122%	$59.2M	$120.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	304.60	+0.066%	$24.6M	$94.4M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	305.02	+0.204%	$136K	$642K	5x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	304.40	long leg	$12.1M	$48.2M	50x
MEXC TAO_USDT	+0.0100%	4h	304.40	0.000%	$119.7M	$123.6M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	304.39	−0.003%	$18.3M	$26.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	304.00	−0.131%	$34.1M	$45.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	304.81	+0.135%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	308.27	+1.271%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.44	+0.669%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	306.54	+0.704%	$545K	$937K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	306.50	+0.690%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	304.76	+0.118%	$78K	$607K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	304.75	+0.114%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	304.61	+0.069%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	304.66	+0.085%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	304.72	+0.105%	$120K	$354K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	304.68	+0.092%	$3.2M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	304.74	+0.112%	$167K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	304.95	+0.181%	$2K	$485K	5x	as long as short
Aster TAOUSDT	+0.0125%	4h	304.41	+0.005%	$1.1M	$7.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0157%	8h	304.42	+0.008%	$14K	$1K	10x	as long as short
Pacifica TAOshort	+0.0164%	1h	304.52	+0.039%	$360K	$369K	10x
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	304.60	+0.065%	$435K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0301%	1h	304.71	+0.103%	$24K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	304.89	+0.161%	$4.3M	$9.4M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0380%	1h	304.91	+0.168%	$377K	$756K	10x	as long as short
01 Exchange TAOUSD	+0.0432%	1h	304.97	+0.187%	$3K	$4K	5x	as long as short
Nado TAO-PERP	+0.0511%	1h	304.69	+0.096%	$836K	$1.9M	10x	as long as short
Phoenix TAO	+0.0521%	1h	307.40	+0.986%	$326K	$491K	5x	as long as short
Lighter TAO	+0.0584%	1h	304.61	+0.070%	$1.7M	$5.1M	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	304.20	−0.065%	$350	—	20x	as long as short
Extended TAO-USD	+0.0848%	1h	304.85	+0.149%	$888K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	305.39	+0.325%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1037%	1h	304.70	+0.098%	$5.9M	$19.7M	50x	as long as short
RISEx TAO/USDC	+0.1155%	1h	305.08	+0.223%	$411K	$545K	5x	as long as short
Hyperliquid TAO	+0.1477%	1h	305.03	+0.207%	$93.8M	$78.5M	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.422%	$22K	$264	12x	as long as short