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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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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 07:00 UTC−0.0596%/8h= −65.2% APRnext payment −$0.74 per $10,000 · paid last 24h −0.112%
Price spread now: gTrade (Gains Network) against Backpack+0.268%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on BackpackShort 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
The price spread pays, funding is against you. gTrade (Gains Network) is 0.268% dearer against Backpack than usual: you sell high and buy low (spread +0.268% now, against zero (this spread has no 7-day history yet)): +$27 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 36 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack TAO_USDC_PERP319.260.0600pay 0.0075% / 1h45m 15s$300K$908K10x
ShortgTrade (Gains Network) TAO/USD320.12L +0.0004% / S −0.0004%get 0.0001% / 1h45m 15s$21K—150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Backpack. 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
−$125.08
Price spread: +0.268% → 0.000%
$26.81
Slippage, 4 orders
no order book: not counted
Fee Backpack: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$118.27
Costs to cover
0.200%
Break-even
from the start
Slippage unknown: Backpack: live order book, 64 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 Backpack live order book, 64 min ago0.32 bp10.1 bp −$10doesn'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
Bulk TAO-USD−0.2101%1h320.87+0.504%$170K$33310xas long as short
dYdX TAO-USD0.0000%1h318.83−0.135%$127K$85K5xas long as short
gTrade (Gains Network) TAO/USDshortL +0.0004% / S −0.0004%1h320.12+0.268%$21K—150x
Popdex TAOUSDT+0.0096%1h319.92+0.207%$41K$695K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h320.40+0.357%$26.5M$129.5M50xas long as short
Gate TAO_USDT+0.0100%4h320.20+0.294%$14.2M$51.5M50xas long as short
KuCoin TAOUSDTM+0.0100%4h320.17+0.285%$17.5M$31.9M75xas long as short
Bitget TAOUSDT+0.0100%4h320.16+0.282%$36.0M$58.3M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h320.44+0.370%$45K$258K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h320.11+0.266%$76K$1.1M5xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDT+0.0100%4h320.12+0.269%$2K$2.0M20xas long as short
HTX TAO-USDT+0.0100%4h319.10−0.050%$117K$588K20xas long as short
Phemex TAOUSDT+0.0100%4h320.21+0.298%$3.3M$8.1M50xas long as short
Katana Perps TAO-USD+0.0110%8h319.78+0.163%$1K$992K5xas long as short
Aevo TAO-PERP+0.0120%1h320.29+0.322%$176K$9983xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0121% / S +0.0156%1h320.13+0.273%$433K—100xas long as short
Orderly PERP_TAO_USDC+0.0123%4h320.53+0.398%$53K$293K10xas long as short
Binance TAOUSDT+0.0150%4h320.43+0.366%$92.8M$527.0M75xas long as short
MEXC TAO_USDT+0.0152%4h320.54+0.401%$105.2M$149.5M300xas long as short
edgeX TAOUSDC+0.0153%4h320.18+0.289%$42K$318K10xas long as short
Paradex TAO-USD-PERP+0.0261%8h319.42+0.051%$14K$1K10xas long as short
Aster TAOUSDT+0.0306%4h320.19+0.292%$1.3M$10.9M50xas long as short
BingX TAO-USDT+0.0386%4h320.45+0.373%—$34.4M—as long as short
Bullet TAO-USD+0.0390%1h320.60+0.420%$12K$17K20xas long as short
BloFin TAO-USDT+0.0390%4h320.36+0.345%$4.7M$11.1M100xas long as short
Bybit TAOUSDT+0.0400%4h320.57+0.410%$70.0M$155.8M50xas long as short
GRVT TAO_USDT_Perp+0.0408%4h319.77+0.160%$544K$948K10xas long as short
Extended TAO-USD+0.0488%1h320.41+0.361%$917K$2.4M25xas long as short
Pacifica TAO+0.0525%1h319.45+0.059%$364K$423K10xas long as short
Variational Omni TAO+0.0538%4h319.36+0.031%$5.6M$10.2M—as long as short
Phoenix TAO+0.0567%1h320.30+0.326%$319K$709K5xas long as short
Backpack TAO_USDC_PERPlong+0.0600%1h319.26long leg$300K$908K10x
01 Exchange TAOUSD+0.0640%1h320.06+0.251%$3K$4K5xas long as short
Arcus TAO-USD+0.0641%1h320.27+0.316%$103K$394K5xas long as short
Nado TAO-PERP+0.0642%1h320.20+0.294%$801K$2.2M10xas long as short
Hyperliquid TAO+0.0664%1h320.51+0.392%$94.7M$110.1M5xas long as short
Reya TAORUSDPERP+0.0698%1h320.36+0.345%$368—20xas long as short
Deribit TAO_USDC-PERPETUAL+0.0726%1h320.42+0.363%$14K$1.9M25xas long as short
Lighter TAO+0.0840%1h320.60+0.421%$1.5M$6.7M5xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h320.58+0.413%$1.5M$6.9M50xas long as short
RISEx TAO/USDC+0.1077%1h319.77+0.161%$462K$665K5xas long as short
Kraken Futures PF_TAOUSD+0.1152%1h320.55+0.404%$6.1M$21.7M50xas long as short
Injective TAO/USDC PERP+0.4723%1h328.25+2.816%$24K$2K12xas long as short