Settings8H · net · $10k
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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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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 Phemex+0.335%7-day average −0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$870.869% of the position
Long on PhemexShort on Gate
What this pair did over the last
the charts below follow
Funding, last 7 days+0.493%+$49 on $10k
Price spread, last 3 days (all we have)−0.394%−$39 · spread now +0.335%, 7d avg −0.045%
Together, before fees+0.099%+$10 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 0.380% dearer against Phemex than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of −0.045%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex TAOUSDT316.640.0100pay 0.0050% / 4h0m 41s$3.4M$7.9M50x
ShortGate TAO_USDT317.700.0100get 0.0050% / 4h0m 41s$12.7M$50.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Phemex. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$0
Price spread: +0.335% → −0.045%
$37.99
Slippage, 4 orders
−$59.86
Fee Phemex: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$48.88
Costs to cover
0.869%
Break-even
never at this rate
Slippage from Phemex: live order book, 3 min ago; Gate: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 3 min ago13.11 bp25.4 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell Gate live order book, 3 min ago3.16 bp17.8 bp −$1830.7 bp −$30768.7 bp −$6,873116.4 bp −$58.2K

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.2086%1h311.96−1.478%$167K$47K10xas long as short
dYdX TAO-USD0.0000%1h317.45+0.257%$127K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h316.05−0.188%$21K—150xas long as short
Injective TAO/USDC PERP+0.0033%1h315.12−0.480%$23K$37412xas long as short
Popdex TAOUSDT+0.0096%1h317.36+0.227%$39K$569K20xas long as short
Pacifica TAO+0.0100%1h317.87+0.388%$376K$363K10xas long as short
Binance TAOUSDT+0.0100%4h317.04+0.127%$89.9M$432.6M75xas long as short
Bybit TAOUSDT+0.0100%4h317.33+0.218%$65.3M$128.3M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h317.60+0.303%$25.6M$104.6M50xas long as short
Gate TAO_USDTshort+0.0100%4h317.70+0.335%$12.7M$50.7M50x
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h317.77+0.357%$114.0M$133.2M300xas long as short
KuCoin TAOUSDTM+0.0100%4h317.72+0.341%$18.9M$28.0M75xas long as short
Bitget TAOUSDT+0.0100%4h317.52+0.278%$35.5M$47.8M50xas long as short
BingX TAO-USDT+0.0100%4h317.70+0.335%—$30.5M—as long as short
edgeX TAOUSDC+0.0100%4h316.07−0.180%$41K$282K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h312.90−1.182%$524K$952K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h316.22−0.133%$47K$268K50xas long as short
Bullet TAO-USD+0.0100%1h316.50−0.044%$12K$17K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h316.00−0.202%$61K$275K10xas long as short
SunX TAO-USDT+0.0100%4h316.27−0.117%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h316.09−0.174%$126K$422K20xas long as short
Phemex TAOUSDTlong+0.0100%4h316.64long leg$3.4M$7.9M50x
Aevo TAO-PERP+0.0104%1h315.99−0.204%$174K$9983xas long as short
Katana Perps TAO-USD+0.0112%8h317.54+0.284%$2K$577K5xas long as short
Polymarket Perps TAO-USD+0.0115%1h316.31−0.104%$77K$450K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0071%1h316.02−0.196%$450K—100xas long as short
Aster TAOUSDT+0.0182%4h317.51+0.274%$1.1M$7.9M50xas long as short
Arcus TAO-USD+0.0186%1h318.05+0.445%$84K$545K5xas long as short
Paradex TAO-USD-PERP+0.0204%8h317.78+0.360%$14K$1K10xas long as short
Variational Omni TAO+0.0233%4h316.35−0.091%$5.4M$8.5M—as long as short
BloFin TAO-USDT+0.0340%4h317.54+0.284%$4.4M$10.7M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0406%1h315.96−0.216%$29K$1.5M25xas long as short
Nado TAO-PERP+0.0430%1h316.11−0.168%$858K$2.0M10xas long as short
Kraken Futures PF_TAOUSD+0.0444%1h316.26−0.121%$5.8M$19.9M50xas long as short
Phoenix TAO+0.0537%1h316.20−0.139%$331K$521K5xas long as short
Backpack TAO_USDC_PERP+0.0552%1h317.67+0.325%$316K$813K10xas long as short
01 Exchange TAOUSD+0.0592%1h317.98+0.423%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0695%1h316.09−0.173%$364—20xas long as short
Extended TAO-USD+0.0904%1h317.70+0.335%$900K$2.2M25xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h317.02+0.120%$1.5M$5.9M50xas long as short
Lighter TAO+0.1200%1h318.25+0.508%$1.7M$5.8M5xas long as short
RISEx TAO/USDC+0.1238%1h317.81+0.370%$421K$584K5xas long as short
Hyperliquid TAO+0.1593%1h318.04+0.442%$99.7M$84.9M5xas long as short