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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 03:00 UTC+0.0542%/8h= +59.3% APRpaid last 24h +0.029%
Price spread now: Bybit against gTrade (Gains Network)+0.558%52s7-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 Bybit
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 +$16 a day on $10k at the current rate, and Bybit is 0.558% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$56 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) TAO/USD322.43L +0.0004% / S −0.0004%pay 0.0001% / 1h26m 35s$21K—150x
ShortBybit TAOUSDT324.230.0546get 0.0273% / 4h1h 26m$71.0M$143.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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

Funding earned
$113.76
Price spread: +0.558% → 0.000%
$55.83
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
$148.59
Costs to cover
0.210%
Break-even
from the start
Slippage unknown: gTrade (Gains Network): no order-book sample; Bybit: live order book, 2 min ago. 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 gTrade (Gains Network) no order-book sample—————
Sell Bybit live order book, 2 min ago0.15 bp11.4 bp −$1118.7 bp −$18742.6 bp −$4,262doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.5583%1h316.49−1.842%$168K$1K10xas long as short
dYdX TAO-USD0.0000%1h323.00+0.177%$129K$85K5xas long as short
gTrade (Gains Network) TAO/USDlongL +0.0004% / S −0.0004%1h322.43long leg$21K—150x
Popdex TAOUSDT+0.0096%1h324.09+0.515%$34K$676K20xas long as short
Binance TAOUSDT+0.0100%4h324.04+0.500%$94.7M$479.7M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h323.90+0.456%$26.7M$120.1M50xas long as short
Gate TAO_USDT+0.0100%4h323.20+0.239%$13.3M$49.8M50xas long as short
MEXC TAO_USDT+0.0100%4h323.47+0.323%$100.5M$141.5M300xas long as short
KuCoin TAOUSDTM+0.0100%4h323.35+0.285%$18.1M$31.3M75xas long as short
Bitget TAOUSDT+0.0100%4h323.53+0.341%$36.2M$54.6M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h323.11+0.210%$36K$301K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h323.84+0.437%$87K$792K5xas long as short
SunX TAO-USDT+0.0100%4h322.61+0.056%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h322.86+0.133%$131K$482K20xas long as short
Phemex TAOUSDT+0.0100%4h323.00+0.177%$3.5M$8.0M50xas long as short
Aevo TAO-PERP+0.0104%1h322.96+0.165%$177K$9983xas long as short
Orderly PERP_TAO_USDC+0.0115%4h322.75+0.099%$58K$282K10xas long as short
Katana Perps TAO-USD+0.0119%8h323.99+0.484%$689$776K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0160% / S +0.0126%1h322.37−0.020%$447K—100xas long as short
Kraken Futures PF_TAOUSD+0.0243%1h322.76+0.101%$5.7M$20.6M50xas long as short
GRVT TAO_USDT_Perp+0.0254%4h323.03+0.186%$536K$964K10xas long as short
Bullet TAO-USD+0.0276%1h322.80+0.115%$12K$18K20xas long as short
Paradex TAO-USD-PERP+0.0302%8h323.59+0.360%$15K$1K10xas long as short
BloFin TAO-USDT+0.0340%4h323.71+0.397%$4.6M$11.4M100xas long as short
Aster TAOUSDT+0.0371%4h323.47+0.323%$1.1M$9.6M50xas long as short
Deribit TAO_USDC-PERPETUAL+0.0429%1h322.73+0.094%$21K$1.6M25xas long as short
Pacifica TAO+0.0448%1h323.52+0.339%$383K$402K10xas long as short
Phoenix TAO+0.0504%1h324.30+0.580%$339K$707K5xas long as short
Arcus TAO-USD+0.0509%1h324.29+0.577%$101K$487K5xas long as short
Bybit TAOUSDTshort+0.0546%4h324.23+0.558%$71.0M$143.7M50x
BingX TAO-USDT+0.0558%4h323.78+0.419%—$30.3M—as long as short
Nado TAO-PERP+0.0575%1h323.90+0.455%$793K$2.2M10xas long as short
Reya TAORUSDPERP+0.0696%1h323.67+0.383%$372—20xas long as short
ApeX Omni TAOUSDT+0.0723%1h323.82+0.431%$48K$253K50xas long as short
01 Exchange TAOUSD+0.0768%1h324.51+0.645%$3K$4K5xas long as short
Extended TAO-USD+0.0840%1h323.85+0.439%$949K$2.3M25xas long as short
Variational Omni TAO+0.0868%4h323.85+0.440%$6.0M$9.8M—as long as short
Lighter TAO+0.0912%1h323.78+0.420%$1.6M$6.3M5xas long as short
Coinbase International TAO-PERP-INTX+0.1024%1h324.38+0.605%$1.5M$6.8M50xas long as short
Backpack TAO_USDC_PERP+0.1062%1h323.48+0.326%$445K$860K10xas long as short
RISEx TAO/USDC+0.1159%1h324.16+0.537%$468K$647K5xas long as short
Hyperliquid TAO+0.1252%1h324.06+0.506%$102.0M$99.1M5xas long as short
Injective TAO/USDC PERP+0.4172%1h323.37+0.292%$24K$2K12xas long as short