Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.026%

Price spread now: Bitget against gTrade (Gains Network)+0.131%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Bitget

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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.131% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TAO/USD	303.52	L +0.0004% / S −0.0007%	pay 0.0001% / 1h	45m 47s	$26K	—	150x
Short	Bitget TAOUSDT	303.92	0.0100	get 0.0050% / 4h	1h 45m	$34.0M	$45.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BitgetbpOrdersPrice spread, now +0.131%Rate

Funding earned: $20.11
Price spread: +0.131% → 0.000%: $13.15
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $11.26
Costs to cover: 0.220%
Break-even: 3.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 3 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Bitget live order book, 3 min ago	1.48 bp	12.3 bp −$12	23.5 bp −$235	43.7 bp −$4,373	doesn't fit

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.0466%	1h	307.38	+1.271%	$202K	$17K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	303.51	−0.005%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USDlong	L +0.0004% / S −0.0007%	1h	303.52	long leg	$26K	—	150x
Popdex TAOUSDT	+0.0096%	1h	303.94	+0.138%	$43K	$534K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	303.59	+0.023%	$85.0M	$410.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	303.49	−0.010%	$58.8M	$120.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	303.20	−0.106%	$24.4M	$94.4M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	303.87	+0.115%	$79K	$642K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	303.70	+0.059%	$12.1M	$48.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	303.27	−0.083%	$120.5M	$124.1M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	303.42	−0.033%	$18.2M	$26.9M	75x	as long as short
Bitget TAOUSDTshort	+0.0100%	4h	303.92	+0.131%	$34.0M	$45.6M	50x
BingX TAO-USDT	+0.0100%	4h	303.86	+0.112%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.07	+0.510%	$3.6M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	304.88	+0.449%	$39K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	304.81	+0.425%	$504K	$977K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	304.02	+0.164%	$77K	$607K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	304.05	+0.175%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.80	+0.092%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.94	+0.138%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.83	+0.102%	$120K	$356K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.84	+0.105%	$3.2M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.63	+0.035%	$167K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0106%	1h	303.70	+0.059%	$46K	$269K	50x	as long as short
Aster TAOUSDT	+0.0108%	4h	303.73	+0.068%	$1.1M	$7.7M	50x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	304.03	+0.168%	$2K	$486K	5x	as long as short
Paradex TAO-USD-PERP	+0.0153%	8h	303.36	−0.053%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	303.66	+0.047%	$359K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	303.71	+0.061%	$434K	—	100x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.45	−0.023%	$4.3M	$9.3M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0346%	1h	303.74	+0.073%	$20K	$1.4M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0381%	1h	303.78	+0.085%	$376K	$756K	10x	as long as short
01 Exchange TAOUSD	+0.0392%	1h	304.21	+0.227%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0408%	1h	304.20	+0.225%	$1.6M	$5.2M	5x	as long as short
Nado TAO-PERP	+0.0458%	1h	303.70	+0.060%	$827K	$1.9M	10x	as long as short
Phoenix TAO	+0.0521%	1h	303.90	+0.125%	$322K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	303.96	+0.144%	$350	—	20x	as long as short
Extended TAO-USD	+0.0832%	1h	303.81	+0.095%	$835K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	305.27	+0.576%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1040%	1h	303.74	+0.072%	$5.8M	$19.7M	50x	as long as short
RISEx TAO/USDC	+0.1155%	1h	304.30	+0.257%	$410K	$545K	5x	as long as short
Hyperliquid TAO	+0.1288%	1h	304.23	+0.234%	$92.8M	$79.8M	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.716%	$22K	$264	12x	as long as short