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

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.5% APRnext payment $0.01 per $10,000 · paid last 24h +0.045%
Price spread now: dYdX against gTrade (Gains Network)−0.042%7-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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: dYdX is 0.042% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) TAO/USD319.13L +0.0004% / S −0.0004%pay 0.0001% / 1h22m 10s$21K150x
ShortdYdX TAO-USD319.000get 0.0000% / 1h22m 10s$128K$88K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

dYdX 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
−$0.89
Price spread: −0.042% → 0.000%
−$4.17
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee dYdX: 5 bp × 2 orders
−$10
Net
−$25.06
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: gTrade (Gains Network): no order-book sample; dYdX: live order book, 52 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 dYdX live order book, 52 min ago40.38 bp48.6 bp −$4963.2 bp −$632187.7 bp −$18.8K608.1 bp −$304.0K
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−0.1321%1h318.22−0.286%$169K$44K10xas long as short
dYdX TAO-USDshort0.0000%1h319.00−0.042%$128K$88K5x
gTrade (Gains Network) TAO/USDlongL +0.0004% / S −0.0004%1h319.13long leg$21K150x
Popdex TAOUSDT+0.0096%1h318.71−0.133%$43K$596K20xas long as short
Binance TAOUSDT+0.0100%4h319.34+0.065%$91.9M$448.2M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h318.90−0.073%$26.2M$109.1M50xas long as short
Gate TAO_USDT+0.0100%4h318.80−0.104%$12.9M$50.8M50xas long as short
MEXC TAO_USDT+0.0100%4h318.91−0.070%$109.3M$135.3M300xas long as short
KuCoin TAOUSDTM+0.0100%4h318.89−0.076%$18.2M$29.2M75xas long as short
Bitget TAOUSDT+0.0100%4h319.40+0.084%$35.6M$50.9M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h318.41−0.226%$40K$292K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h318.34−0.250%$526K$960K10xas long as short
Bullet TAO-USD+0.0100%1h318.97−0.051%$12K$17K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h319.49+0.112%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h318.68−0.142%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h319.62+0.153%$128K$423K20xas long as short
Phemex TAOUSDT+0.0100%4h319.17+0.012%$3.4M$7.8M50xas long as short
Aevo TAO-PERP+0.0104%1h319.15+0.006%$175K$9983xas long as short
Katana Perps TAO-USD+0.0113%8h318.85−0.089%$738$624K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0173% / S +0.0094%1h318.79−0.109%$458K100xas long as short
Pacifica TAO+0.0185%1h319.24+0.034%$378K$376K10xas long as short
Arcus TAO-USD+0.0201%1h319.00−0.042%$84K$550K5xas long as short
Aster TAOUSDT+0.0226%4h319.13−0.001%$1.2M$8.6M50xas long as short
Paradex TAO-USD-PERP+0.0234%8h318.95−0.057%$14K$1K10xas long as short
Polymarket Perps TAO-USD+0.0284%1h319.08−0.017%$93K$635K5xas long as short
ApeX Omni TAOUSDT+0.0316%1h317.14−0.625%$49K$267K50xas long as short
BloFin TAO-USDT+0.0340%4h318.41−0.227%$4.5M$10.8M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0396%1h319.55+0.132%$17K$1.5M25xas long as short
BingX TAO-USDT+0.0398%4h319.09−0.013%$30.5Mas long as short
Variational Omni TAO+0.0460%4h318.45−0.213%$5.5M$8.7Mas long as short
Kraken Futures PF_TAOUSD+0.0480%1h319.48+0.108%$5.8M$20.3M50xas long as short
Phoenix TAO+0.0525%1h318.10−0.324%$333K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h322.97+1.202%$23K$67812xas long as short
01 Exchange TAOUSD+0.0584%1h318.78−0.111%$3K$4K5xas long as short
Bybit TAOUSDT+0.0595%4h319.57+0.137%$65.9M$133.2M50xas long as short
Reya TAORUSDPERP+0.0695%1h319.00−0.042%$36720xas long as short
Nado TAO-PERP+0.0769%1h318.86−0.085%$892K$2.0M10xas long as short
Backpack TAO_USDC_PERP+0.0832%1h318.66−0.148%$322K$818K10xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h320.29+0.363%$1.5M$6.4M50xas long as short
Extended TAO-USD+0.1120%1h319.51+0.117%$926K$2.3M25xas long as short
RISEx TAO/USDC+0.1141%1h318.87−0.082%$423K$592K5xas long as short
Lighter TAO+0.1440%1h320.04+0.283%$1.7M$6.0M5xas long as short
Hyperliquid TAO+0.1995%1h319.45+0.099%$103.4M$91.0M5xas long as short