Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0308%/8h= +33.7% APRpaid last 24h +0.077%

Price spread now: 01 Exchange against Gate+0.072%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and 01 Exchange is 0.072% dearer against Gate than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	306.00	0.0100	pay 0.0050% / 4h	1h 10m	$12.2M	$49.2M	50x
Short	01 Exchange TAOUSD	306.22	0.0408	get 0.0051% / 1h	10m 35s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.072%Rate

Funding earned: $64.68
Price spread: +0.072% → 0.000%: $7.19
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $49.87
Costs to cover: 0.220%
Break-even: 1.6 days

Slippage unknown: Gate: live order book, 3 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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	3.27 bp	19.6 bp −$20	43.3 bp −$433	55.4 bp −$5,539	94.6 bp −$47.3K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0396%	1h	305.88	−0.041%	$163K	$52K	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	306.42	+0.138%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0013%	1h	306.34	+0.111%	$126K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.14	+0.046%	$45K	$539K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.28	+0.093%	$85.8M	$414.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.25	+0.082%	$59.3M	$121.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.10	+0.033%	$24.6M	$95.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.45	+0.147%	$80K	$643K	5x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	306.00	long leg	$12.2M	$49.2M	50x
MEXC TAO_USDT	+0.0100%	4h	306.19	+0.062%	$114.1M	$126.0M	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	306.18	+0.059%	$18.2M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	305.97	−0.010%	$34.1M	$45.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	306.19	+0.062%	—	$30.3M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.77	−0.076%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	305.74	−0.084%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	306.14	+0.045%	$506K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.47	−0.173%	$46K	$270K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	306.74	+0.242%	$75K	$555K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	306.63	+0.206%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	306.64	+0.209%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	306.46	+0.150%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	306.75	+0.245%	$122K	$368K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	306.49	+0.160%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	306.77	+0.251%	$168K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	306.16	+0.052%	$1K	$505K	5x	as long as short
Aster TAOUSDT	+0.0124%	4h	306.40	+0.130%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0153%	8h	306.09	+0.031%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	306.42	+0.137%	$362K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	306.38	+0.124%	$437K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0302%	1h	306.73	+0.237%	$19K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0318%	1h	306.72	+0.236%	$828K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	306.67	+0.219%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0360%	1h	306.59	+0.194%	$1.6M	$5.4M	5x	as long as short
01 Exchange TAOUSDshort	+0.0408%	1h	306.22	+0.072%	$3K	$4K	5x
Backpack TAO_USDC_PERP	+0.0456%	1h	306.77	+0.252%	$294K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	306.30	+0.098%	$320K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	306.56	+0.181%	$353	—	20x	as long as short
Extended TAO-USD	+0.0712%	1h	306.07	+0.024%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	307.14	+0.373%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1030%	1h	306.64	+0.210%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1117%	1h	306.99	+0.323%	$93.6M	$80.8M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	306.30	+0.097%	$417K	$533K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.892%	$22K	$264	12x	as long as short