Funding arb · Price arb /

TAO

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Swap Backtest

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: Gate against MEXC−0.122%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on MEXC Short on Gate

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+0.121%+$12 · spread now −0.122%, 7d avg −0.013%

Together, before fees+0.152%+$15 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 0.109% cheaper against MEXC than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	303.47	0.0100	pay 0.0050% / 4h	1h 33m	$110.3M	$124.9M	300x
Short	Gate TAO_USDT	303.10	0.0100	get 0.0050% / 4h	1h 33m	$12.1M	$48.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.122%Rate

Funding earned: $0
Price spread: −0.122% → −0.013%: −$10.89
Slippage, 4 orders: −$22.02
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$47.91
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from MEXC: live order book, 6 min ago; Gate: live order book, 6 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 MEXC live order book, 6 min ago	0.49 bp	0.9 bp −$1	4.4 bp −$44	31.0 bp −$3,104	127.9 bp −$64.0K
Sell Gate live order book, 6 min ago	3.30 bp	15.6 bp −$16	35.1 bp −$351	76.0 bp −$7,605	126.1 bp −$63.0K

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	−0.0186%	1h	303.81	+0.112%	$162K	$54K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	303.13	−0.112%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	303.09	−0.126%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.38	−0.030%	$44K	$536K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	303.24	−0.076%	$1.1M	$7.7M	50x	as long as short
Binance TAOUSDT	+0.0100%	4h	303.26	−0.069%	$84.8M	$412.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	303.36	−0.036%	$58.6M	$121.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	303.20	−0.089%	$24.4M	$95.1M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	303.54	+0.023%	$79K	$643K	5x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	303.10	−0.122%	$12.1M	$48.7M	50x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDTlong	+0.0100%	4h	303.47	long leg	$110.3M	$124.9M	300x
KuCoin TAOUSDTM	+0.0100%	4h	303.30	−0.056%	$18.5M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	303.15	−0.105%	$33.8M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	303.27	−0.066%	—	$30.3M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.56	+0.030%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	302.63	−0.276%	$39K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	302.58	−0.292%	$500K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	302.62	−0.280%	$45K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	303.45	−0.007%	$74K	$604K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.26	−0.069%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.25	−0.072%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	302.87	−0.198%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.16	−0.102%	$121K	$363K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.25	−0.072%	$3.2M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	302.97	−0.165%	$166K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	303.35	−0.040%	$3K	$493K	5x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	303.27	−0.065%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	303.42	−0.017%	$358K	$371K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	303.05	−0.138%	$433K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0251%	1h	302.98	−0.162%	$21K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	302.76	−0.234%	$4.2M	$9.3M	100x	as long as short
Lighter TAO	+0.0344%	1h	303.51	+0.013%	$1.6M	$5.3M	5x	as long as short
Nado TAO-PERP	+0.0348%	1h	303.35	−0.039%	$820K	$1.9M	10x	as long as short
01 Exchange TAOUSD	+0.0400%	1h	303.62	+0.049%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0426%	1h	303.30	−0.056%	$377K	$757K	10x	as long as short
Phoenix TAO	+0.0521%	1h	302.70	−0.254%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	303.32	−0.050%	$349	—	20x	as long as short
Extended TAO-USD	+0.0840%	1h	303.22	−0.081%	$825K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	303.64	+0.056%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1041%	1h	303.33	−0.046%	$5.7M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1065%	1h	303.72	+0.082%	$92.2M	$80.4M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	303.52	+0.016%	$411K	$545K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.733%	$22K	$264	12x	as long as short