Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against MEXC−0.078%7-day average — · you buy dearer than you sell

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

Long on MEXC Short on gTrade (Gains Network)

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 against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.078% cheaper against MEXC than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	317.29	0.0100	pay 0.0050% / 4h	3h 29m	$108.1M	$134.7M	300x
Short	gTrade (Gains Network) TAO/USD	317.04	L +0.0004% / S −0.0004%	get 0.0001% / 1h	29m 50s	$21K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against MEXC. 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 MEXCbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.078%Rate

Funding earned: −$20.14
Price spread: −0.078% → 0.000%: −$7.85
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$37.98
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 4 min ago; gTrade (Gains Network): 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 MEXC live order book, 4 min ago	2.04 bp	2.9 bp −$3	10.6 bp −$106	32.0 bp −$3,201	111.4 bp −$55.7K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	−0.1322%	1h	319.84	+0.804%	$170K	$44K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	317.15	−0.044%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USDshort	L +0.0004% / S −0.0004%	1h	317.04	−0.078%	$21K	—	150x
Popdex TAOUSDT	+0.0096%	1h	317.24	−0.016%	$42K	$589K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.05	−0.076%	$91.1M	$447.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.10	−0.060%	$26.0M	$108.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.00	−0.091%	$12.9M	$50.6M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	317.29	long leg	$108.1M	$134.7M	300x
KuCoin TAOUSDTM	+0.0100%	4h	317.44	+0.047%	$18.1M	$29.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.94	−0.110%	$35.3M	$50.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	319.52	+0.702%	$40K	$293K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	317.30	+0.003%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.19	−0.032%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.41	+0.038%	$127K	$424K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.28	−0.003%	$3.4M	$7.9M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0104%	4h	320.01	+0.856%	$529K	$969K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.51	+0.068%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	317.29	0.000%	$734	$623K	5x	as long as short
Bullet TAO-USD	+0.0144%	1h	317.30	+0.004%	$12K	$17K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0161%	1h	317.26	−0.008%	$17K	$1.5M	25x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0173% / S +0.0092%	1h	317.02	−0.087%	$458K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	317.62	+0.104%	$376K	$374K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	317.90	+0.192%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0230%	4h	317.38	+0.028%	$1.1M	$8.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0237%	8h	317.68	+0.122%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0312%	1h	317.57	+0.088%	$93K	$638K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	318.00	+0.224%	$4.5M	$10.8M	100x	as long as short
Bybit TAOUSDT	+0.0411%	4h	317.34	+0.016%	$65.3M	$132.9M	50x	as long as short
BingX TAO-USDT	+0.0428%	4h	317.19	−0.032%	—	$30.7M	—	as long as short
Variational Omni TAO	+0.0436%	4h	318.35	+0.333%	$5.5M	$8.7M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0483%	1h	317.40	+0.036%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	320.00	+0.854%	$335K	$624K	5x	as long as short
ApeX Omni TAOUSDT	+0.0552%	1h	320.00	+0.854%	$48K	$266K	50x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	322.97	+1.790%	$23K	$678	12x	as long as short
01 Exchange TAOUSD	+0.0632%	1h	317.50	+0.066%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	317.39	+0.030%	$365	—	20x	as long as short
Nado TAO-PERP	+0.0798%	1h	317.34	+0.015%	$886K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0870%	1h	317.56	+0.085%	$321K	$819K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.00	+0.224%	$1.5M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1141%	1h	317.45	+0.052%	$422K	$600K	5x	as long as short
Extended TAO-USD	+0.1152%	1h	317.37	+0.026%	$927K	$2.3M	25x	as long as short
Lighter TAO	+0.1360%	1h	317.81	+0.165%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2165%	1h	317.40	+0.035%	$102.3M	$91.0M	5x	as long as short