Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against GRVT+0.133%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$610.612% of the position

Long on GRVT Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 4 days (all we have)−0.667%−$67 · spread now +0.133%, 7d avg −0.055%

Together, before fees−0.681%+ Points / potential airdropGRVT: Active · farm board−$68 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: Gate is 0.188% dearer against GRVT than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.055%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TAO_USDT_Perp	314.68	0.0100	pay 0.0050% / 4h	2m 54s	$533K	$969K	10x
Short	Gate TAO_USDT	315.10	0.0100	get 0.0050% / 4h	2m 54s	$13.0M	$50.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against GRVT. 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 GRVTbpFee GatebpOrdersPrice spread, now +0.133%Rate

Funding earned: $0
Price spread: +0.133% → −0.055%: $18.81
Slippage, 4 orders: −$37.19
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$42.39
Costs to cover: 0.612%
Break-even: never at this rate

Slippage from GRVT: live order book, 55 min ago; Gate: live order book, 1 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 GRVT live order book, 55 min ago	1.59 bp	11.9 bp −$12	33.3 bp −$333	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	1.59 bp	18.0 bp −$18	31.9 bp −$319	68.2 bp −$6,818	115.6 bp −$57.8K

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
dYdX TAO-USD	0.0000%	1h	315.19	+0.163%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.97	+0.092%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.08	+0.127%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.24	+0.177%	$43K	$669K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	315.05	+0.117%	$2K	$800K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.00	+0.101%	$91.0M	$495.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.09	+0.130%	$67.9M	$149.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.90	+0.069%	$26.0M	$120.6M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	314.80	+0.038%	$167K	$2K	10x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	315.10	+0.133%	$13.0M	$50.2M	50x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	315.39	+0.225%	$100.8M	$144.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.21	+0.168%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.66	−0.007%	$35.1M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.99	+0.098%	—	$32.8M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.70	+0.004%	$42K	$313K	10x	as long as short
GRVT TAO_USDT_Perplong	+0.0100%	4h	314.68	long leg	$533K	$969K	10x
ApeX Omni TAOUSDT	+0.0100%	1h	314.73	+0.015%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.01	+0.104%	$77K	$862K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.21	+0.169%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.05	+0.117%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.90	+0.069%	$110K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.18	+0.158%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.29	+0.194%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0128%	4h	315.08	+0.127%	$52K	$271K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0144% / S +0.0123%	1h	314.94	+0.081%	$428K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0151%	8h	315.26	+0.183%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0162%	4h	315.14	+0.146%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0208%	1h	315.30	+0.198%	$923K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0211%	1h	315.32	+0.202%	$801K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0288%	1h	315.45	+0.244%	$92.7M	$106.6M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.15	+0.149%	$4.6M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.51	+0.263%	$99K	$438K	5x	as long as short
01 Exchange TAOUSD	+0.0352%	1h	315.47	+0.250%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0354%	1h	315.12	+0.141%	$22K	$1.7M	25x	as long as short
Pacifica TAO	+0.0365%	1h	315.41	+0.231%	$360K	$412K	10x	as long as short
Backpack TAO_USDC_PERP	+0.0365%	1h	315.30	+0.196%	$313K	$913K	10x	as long as short
Lighter TAO	+0.0384%	1h	315.48	+0.252%	$1.5M	$6.5M	5x	as long as short
Variational Omni TAO	+0.0413%	4h	314.58	−0.031%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	314.50	−0.058%	$313K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.17	+0.156%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.25	+0.182%	$438K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.16	+0.470%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	317.67	+0.950%	$23K	$2K	12x	as long as short