Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against Pacifica−0.140%7-day average −0.037% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$570.571% of the position

Long on Pacifica Short on Gate

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)+0.542%+$54 · spread now −0.140%, 7d avg −0.037%

Together, before fees+0.486%+ Points / potential airdropPacifica: Active · farm board+$49 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 0.104% cheaper against Pacifica than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TAO	304.63	0.0100	pay 0.0013% / 1h	56m 33s	$356K	$405K	10x
Short	Gate TAO_USDT	304.20	0.0100	get 0.0050% / 4h	2h 56m	$12.0M	$47.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Pacifica. 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 PacificabpFee GatebpOrdersPrice spread, now −0.140%Rate

Funding earned: $0
Price spread: −0.140% → −0.037%: −$10.37
Slippage, 4 orders: −$34.06
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$67.43
Costs to cover: 0.571%
Break-even: never at this rate

Slippage from Pacifica: live order book, 32 min ago; Gate: live order book, 2 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 Pacifica live order book, 32 min ago	2.40 bp	10.1 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.27 bp	16.2 bp −$16	36.4 bp −$364	69.9 bp −$6,986	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	−0.7481%	1h	306.26	+0.536%	$201K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	304.52	−0.035%	$128K	$92K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	302.77	−0.611%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.61	−0.334%	$38K	$521K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	304.40	−0.074%	$1.2M	$7.4M	50x	as long as short
Pacifica TAOlong	+0.0100%	1h	304.63	long leg	$356K	$405K	10x
Binance TAOUSDT	+0.0100%	4h	303.75	−0.288%	$85.2M	$398.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	303.82	−0.265%	$58.1M	$116.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	303.60	−0.337%	$24.9M	$90.2M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.41	−0.072%	$137K	$591K	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDTshort	+0.0100%	4h	304.20	−0.140%	$12.0M	$47.1M	50x
MEXC TAO_USDT	+0.0100%	4h	303.53	−0.360%	$109.1M	$120.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	303.45	−0.387%	$18.1M	$26.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	303.39	−0.406%	$34.0M	$43.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	304.30	−0.108%	—	$30.5M	—	as long as short
Variational Omni TAO	+0.0100%	4h	308.35	+1.222%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.98	+0.771%	$40K	$275K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	306.09	+0.479%	$535K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	306.65	+0.664%	$47K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	303.76	−0.285%	$82K	$658K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.30	−0.436%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	304.71	+0.027%	$58K	$277K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	304.93	+0.099%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	304.92	+0.096%	$121K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	304.60	−0.009%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	304.96	+0.109%	$167K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	303.58	−0.344%	$2K	$414K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0149%	1h	304.82	+0.061%	$16K	$1.3M	25x	as long as short
Paradex TAO-USD-PERP	+0.0156%	8h	304.37	−0.084%	$14K	$992	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	304.94	+0.102%	$4.3M	$9.3M	100x	as long as short
Nado TAO-PERP	+0.0350%	1h	303.53	−0.361%	$848K	$1.7M	10x	as long as short
Phoenix TAO	+0.0365%	1h	309.30	+1.534%	$328K	$322K	5x	as long as short
01 Exchange TAOUSD	+0.0368%	1h	303.98	−0.213%	$3K	$4K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0465% / S −0.0175%	1h	304.77	+0.047%	$434K	—	100x	as long as short
Extended TAO-USD	+0.0536%	1h	304.21	−0.138%	$879K	$1.9M	25x	as long as short
Hyperliquid TAO	+0.0538%	1h	303.71	−0.301%	$88.8M	$71.9M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0561%	1h	304.77	+0.047%	$435K	$674K	10x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	303.51	−0.366%	$349	—	20x	as long as short
Lighter TAO	+0.0800%	1h	305.06	+0.140%	$1.7M	$4.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	305.83	+0.395%	$1.5M	$5.5M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1034%	1h	305.01	+0.126%	$6.2M	$19.9M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	303.94	−0.226%	$400K	$530K	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	311.91	+2.390%	$23K	$135	12x	as long as short