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

TAO

all TAO markets
SwapBacktest
Alert: funding
Measured
My alerts

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.

Alert: spread
My alerts

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 10:00 UTC+0.0103%/8h= +11.3% APRnext payment +$0.13 per $10,000 · paid last 24h +0.017%
Price spread now: GMX against gTrade (Gains Network)−0.068%119s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on GMX
What this pair did over the last
the charts below follow
Funding, last 4 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
Funding pays, the price is against you. GMX is 0.068% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.2 days of funding at the current rate (+$3 a day). The two prices were read 119 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/USD317.40L +0.0004% / S −0.0003%pay 0.0000% / 1h16m 42s$20K—150x
ShortGMX TAO/USD [WBTC.b-USDC]317.19L +0.0361% / S −0.0107%get 0.0013% / 1h16m 42s$373K—100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX 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
$21.73
Price spread: −0.068% → 0.000%
−$6.85
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
−$7.11
Costs to cover
0.220%
Break-even
9.3 days
Slippage unknown: gTrade (Gains Network): no order-book sample; GMX: 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 gTrade (Gains Network) no order-book sample—————
Sell GMX no order-book sample—————
gTrade (Gains Network) and GMX: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDlongL +0.0004% / S −0.0003%1h317.40long leg$20K—150x
Popdex TAOUSDT+0.0096%1h317.97+0.178%$51K$633K20xas long as short
Bybit TAOUSDT+0.0100%4h318.09+0.216%$69.8M$155.5M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h318.10+0.219%$26.9M$129.5M50xas long as short
Bulk TAO-USD+0.0100%1h318.16+0.238%$169K$010xas long as short
Gate TAO_USDT+0.0100%4h317.60+0.062%$15.7M$49.2M50xas long as short
KuCoin TAOUSDTM+0.0100%4h317.81+0.128%$17.7M$31.7M75xas long as short
Bitget TAOUSDT+0.0100%4h317.72+0.100%$36.0M$56.8M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h318.37+0.304%$45K$256K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h317.57+0.052%$81K$1.1M5xas long as short
Show all 43 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDT+0.0100%4h317.47+0.021%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h317.37−0.011%$117K$557K20xas long as short
Phemex TAOUSDT+0.0100%4h317.88+0.150%$3.2M$8.1M50xas long as short
Katana Perps TAO-USD+0.0105%8h318.04+0.200%$897$1.3M5xas long as short
Aevo TAO-PERP+0.0112%1h317.69+0.090%$174K$9983xas long as short
BingX TAO-USDT+0.0132%4h318.00+0.188%—$39.0M—as long as short
edgeX TAOUSDC+0.0134%4h317.60+0.061%$42K$325K10xas long as short
MEXC TAO_USDT+0.0134%4h318.02+0.194%$110.9M$151.9M300xas long as short
Binance TAOUSDT+0.0135%4h318.03+0.197%$93.4M$515.5M75xas long as short
Paradex TAO-USD-PERP+0.0194%8h317.95+0.172%$14K$87610xas long as short
Extended TAO-USD+0.0232%1h317.99+0.183%$961K$2.1M25xas long as short
Orderly PERP_TAO_USDC+0.0252%4h317.74+0.106%$53K$262K10xas long as short
GRVT TAO_USDT_Perp+0.0258%4h318.00+0.188%$540K$814K10xas long as short
Pacifica TAO+0.0301%1h318.02+0.194%$371K$448K10xas long as short
Aster TAOUSDT+0.0308%4h318.00+0.189%$1.2M$11.3M50xas long as short
GMX TAO/USD [WBTC.b-USDC]shortL +0.0361% / S −0.0107%1h317.19−0.068%$373K—100x
Arcus TAO-USD+0.0364%1h318.28+0.276%$100K$325K5xas long as short
Lighter TAO+0.0368%1h318.08+0.213%$1.6M$6.7M5xas long as short
BloFin TAO-USDT+0.0374%4h317.96+0.175%$4.9M$10.5M100xas long as short
Bullet TAO-USD+0.0390%1h317.78+0.118%$12K$17K20xas long as short
Variational Omni TAO+0.0410%4h318.32+0.289%$5.7M$9.8M—as long as short
Nado TAO-PERP+0.0449%1h317.79+0.121%$707K$2.0M10xas long as short
Phoenix TAO+0.0567%1h318.20+0.251%$320K$712K5xas long as short
dYdX TAO-USD+0.0619%1h317.53+0.041%$268K$235K5xas long as short
Backpack TAO_USDC_PERP+0.0665%1h317.96+0.175%$298K$1.1M10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0680%1h317.76+0.113%$14K$1.9M25xas long as short
Kraken Futures PF_TAOUSD+0.0683%1h317.94+0.170%$6.2M$19.7M50xas long as short
Reya TAORUSDPERP+0.0699%1h317.81+0.128%$365—20xas long as short
RISEx TAO/USDC+0.0701%1h317.94+0.167%$439K$704K5xas long as short
01 Exchange TAOUSD+0.0776%1h318.20+0.251%$3K$2K5xas long as short
Hyperliquid TAO+0.0787%1h318.05+0.204%$95.9M$108.3M5xas long as short
Coinbase International TAO-PERP-INTX+0.0832%1h317.94+0.169%$1.1M$7.7M50xas long as short
Injective TAO/USDC PERP+0.3320%1h322.26+1.530%$23K$2K12xas long as short