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

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0093%/8h= −10.2% APRpaid last 24h −0.028%
Price spread now: gTrade (Gains Network) against SunX−0.176%54s7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds 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 0.176% cheaper against SunX than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX TAO-USDT303.550.0100pay 0.0050% / 4h1h 28m$1K$1.8M20x
ShortgTrade (Gains Network) TAO/USD303.01L +0.0004% / S −0.0007%get 0.0001% / 1h28m 19s$26K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against SunX. 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

Funding earned
−$19.63
Price spread: −0.176% → 0.000%
−$17.62
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$55.26
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: SunX: live order book, 7 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 7 min ago500.09 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDshortL +0.0004% / S −0.0007%1h303.01−0.176%$26K150x
dYdX TAO-USD+0.0021%1h303.56+0.003%$124K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h303.95+0.132%$45K$537K20xas long as short
Binance TAOUSDT+0.0100%4h303.24−0.102%$84.8M$413.8M75xas long as short
Bybit TAOUSDT+0.0100%4h303.20−0.115%$58.6M$121.2M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h303.10−0.148%$24.4M$95.3M50xas long as short
Arcus TAO-USD+0.0100%1h304.14+0.194%$79K$643K5xas long as short
Bulk TAO-USD+0.0100%1h303.38−0.057%$162K$54K10xas long as short
Gate TAO_USDT+0.0100%4h303.10−0.148%$12.1M$48.8M50xas long as short
MEXC TAO_USDT+0.0100%4h303.14−0.135%$111.1M$125.2M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h303.22−0.109%$18.4M$27.2M75xas long as short
Bitget TAOUSDT+0.0100%4h303.07−0.158%$33.8M$46.0M50xas long as short
BingX TAO-USDT+0.0100%4h303.13−0.138%$30.4Mas long as short
Variational Omni TAO+0.0100%4h303.79+0.078%$3.7M$6.7Mas long as short
edgeX TAOUSDC+0.0100%4h303.27−0.093%$39K$279K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h302.72−0.274%$501K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h303.45−0.033%$46K$269K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h303.52−0.010%$74K$591K5xas long as short
Bullet TAO-USD+0.0100%1h303.23−0.105%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h303.06−0.161%$58K$276K10xas long as short
SunX TAO-USDTlong+0.0100%4h303.55long leg$1K$1.8M20x
HTX TAO-USDT+0.0100%4h303.93+0.125%$122K$364K20xas long as short
Phemex TAOUSDT+0.0100%4h303.87+0.105%$3.2M$7.9M50xas long as short
Aster TAOUSDT+0.0102%4h303.60+0.017%$1.1M$7.7M50xas long as short
Aevo TAO-PERP+0.0104%1h303.16−0.130%$166K$9983xas long as short
Katana Perps TAO-USD+0.0111%8h303.84+0.096%$1K$497K5xas long as short
Paradex TAO-USD-PERP+0.0156%8h303.99+0.145%$14K$1K10xas long as short
Pacifica TAO+0.0164%1h304.06+0.169%$359K$372K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h302.96−0.194%$433K100xas long as short
Nado TAO-PERP+0.0333%1h303.32−0.077%$818K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h303.93+0.125%$4.2M$9.4M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0352%1h303.98+0.141%$22K$1.4M25xas long as short
Lighter TAO+0.0384%1h304.16+0.202%$1.6M$5.3M5xas long as short
01 Exchange TAOUSD+0.0392%1h304.09+0.178%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0444%1h304.01+0.152%$377K$757K10xas long as short
Phoenix TAO+0.0521%1h303.50−0.016%$321K$491K5xas long as short
Reya TAORUSDPERP+0.0695%1h303.18−0.121%$34920xas long as short
Extended TAO-USD+0.0816%1h303.01−0.176%$825K$2.0M25xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h303.73+0.059%$1.5M$5.6M50xas long as short
Kraken Futures PF_TAOUSD+0.1040%1h303.81+0.086%$5.7M$19.7M50xas long as short
Hyperliquid TAO+0.1052%1h303.58+0.010%$92.2M$80.5M5xas long as short
RISEx TAO/USDC+0.1155%1h304.04+0.163%$411K$545K5xas long as short
Injective TAO/USDC PERP+0.1621%1h308.73+1.706%$22K$26412xas long as short