Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0402%/8h= +44.1% APRpaid last 24h +0.101%

Price spread now: BloFin against gTrade (Gains Network)+0.212%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 BloFin

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 +$12 a day on $10k at the current rate, and BloFin is 0.212% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$21 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	316.12	L +0.0004% / S −0.0005%	pay 0.0001% / 1h	34m 34s	$22K	—	150x
Short	BloFin TAO-USDT	316.79	0.0407	get 0.0203% / 4h	34m 34s	$4.7M	$10.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.212%Rate

Funding earned: $84.51
Price spread: +0.212% → 0.000%: $21.23
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $83.74
Costs to cover: 0.220%
Break-even: 0.1 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 4 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 BloFin live order book, 4 min ago	0.16 bp	7.0 bp −$7	9.9 bp −$99	24.1 bp −$2,406	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
gTrade (Gains Network) TAO/USDlong	L +0.0004% / S −0.0005%	1h	316.12	long leg	$22K	—	150x
dYdX TAO-USD	+0.0036%	1h	316.04	−0.026%	$126K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.13	+0.320%	$44K	$712K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.20	+0.342%	$26.4M	$130.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.30	+0.057%	$14.4M	$51.4M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.34	+0.070%	$17.7M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.62	+0.158%	$35.6M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.70	+0.184%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.30	+0.057%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.20	+0.026%	$1K	$2.0M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	315.86	−0.082%	$115K	$604K	20x	as long as short
Katana Perps TAO-USD	+0.0107%	8h	316.90	+0.247%	$2K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0107% / S +0.0136%	1h	316.16	+0.013%	$403K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	316.50	+0.121%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0150%	4h	316.30	+0.057%	$52K	$294K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0165%	1h	316.29	+0.055%	$15K	$1.9M	25x	as long as short
MEXC TAO_USDT	+0.0166%	4h	316.37	+0.079%	$99.8M	$151.5M	300x	as long as short
Binance TAOUSDT	+0.0167%	4h	317.04	+0.290%	$91.8M	$530.7M	75x	as long as short
edgeX TAOUSDC	+0.0179%	4h	316.75	+0.199%	$42K	$319K	10x	as long as short
Paradex TAO-USD-PERP	+0.0234%	8h	316.47	+0.111%	$14K	$1K	10x	as long as short
Bullet TAO-USD	+0.0261%	1h	316.46	+0.108%	$12K	$17K	20x	as long as short
Bybit TAOUSDT	+0.0264%	4h	317.18	+0.336%	$69.4M	$156.7M	50x	as long as short
BingX TAO-USDT	+0.0280%	4h	316.40	+0.089%	—	$37.0M	—	as long as short
Pacifica TAO	+0.0313%	1h	316.39	+0.086%	$371K	$452K	10x	as long as short
Bulk TAO-USD	+0.0317%	1h	319.23	+0.984%	$170K	$0	10x	as long as short
GRVT TAO_USDT_Perp	+0.0318%	4h	317.09	+0.308%	$541K	$918K	10x	as long as short
Extended TAO-USD	+0.0320%	1h	316.93	+0.255%	$903K	$2.4M	25x	as long as short
Aster TAOUSDT	+0.0323%	4h	317.03	+0.287%	$1.3M	$11.0M	50x	as long as short
BloFin TAO-USDTshort	+0.0407%	4h	316.79	+0.212%	$4.7M	$10.9M	100x
Arcus TAO-USD	+0.0473%	1h	317.04	+0.291%	$100K	$384K	5x	as long as short
Nado TAO-PERP	+0.0487%	1h	316.31	+0.061%	$786K	$2.0M	10x	as long as short
Phemex TAOUSDT	+0.0495%	4h	316.60	+0.152%	$3.2M	$8.2M	50x	as long as short
Lighter TAO	+0.0504%	1h	316.59	+0.149%	$1.6M	$6.9M	5x	as long as short
Variational Omni TAO	+0.0534%	4h	316.88	+0.242%	$5.5M	$10.2M	—	as long as short
Phoenix TAO	+0.0629%	1h	317.20	+0.342%	$316K	$703K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0669%	1h	316.85	+0.231%	$292K	$906K	10x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	317.35	+0.389%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	316.35	+0.073%	$364	—	20x	as long as short
Hyperliquid TAO	+0.0734%	1h	316.54	+0.133%	$93.6M	$110.1M	5x	as long as short
RISEx TAO/USDC	+0.0831%	1h	317.00	+0.279%	$444K	$673K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0837%	1h	316.64	+0.164%	$5.9M	$21.6M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.20	+0.342%	$1.4M	$6.9M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.94	+2.158%	$23K	$2K	12x	as long as short