Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: MEXC against gTrade (Gains Network)+0.166%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 MEXC

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 MEXC is 0.166% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$17 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	309.40	L +0.0004% / S −0.0003%	pay 0.0000% / 1h	34m 18s	$12K	—	150x
Short	MEXC TAO_USDT	309.91	0.0100	get 0.0050% / 4h	2h 34m	$104.5M	$138.0M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.166%Rate

Funding earned: $20.21
Price spread: +0.166% → 0.000%: $16.61
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: $26.82
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: gTrade (Gains Network): no order-book sample; MEXC: live order book, 5 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 MEXC live order book, 5 min ago	0.49 bp	3.9 bp −$4	11.8 bp −$118	44.0 bp −$4,405	156.0 bp −$78.0K

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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TAO-USD	0.0000%	1h	309.00	−0.128%	$124K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USDlong	L +0.0004% / S −0.0003%	1h	309.40	long leg	$12K	—	150x
Popdex TAOUSDT	+0.0096%	1h	309.49	+0.030%	$37K	$622K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	309.80	+0.132%	$88.9M	$461.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	309.70	+0.098%	$25.4M	$109.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	309.50	+0.034%	$12.6M	$49.8M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	309.91	+0.166%	$104.5M	$138.0M	300x
KuCoin TAOUSDTM	+0.0100%	4h	309.50	+0.034%	$17.9M	$30.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	309.64	+0.079%	$34.5M	$53.1M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	308.03	−0.440%	$34K	$299K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	308.55	−0.272%	$508K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.00	−0.128%	$46K	$269K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	309.74	+0.111%	$56K	$283K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	309.71	+0.101%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	309.92	+0.169%	$127K	$471K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.08	+0.221%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0124%	8h	309.39	−0.002%	$693	$684K	5x	as long as short
Polymarket Perps TAO-USD	+0.0159%	1h	309.63	+0.076%	$82K	$661K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0092%	1h	309.33	−0.021%	$430K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0170%	1h	309.87	+0.155%	$5.5M	$20.4M	50x	as long as short
Aster TAOUSDT	+0.0182%	4h	309.66	+0.084%	$1.3M	$9.2M	50x	as long as short
Bullet TAO-USD	+0.0212%	1h	309.76	+0.117%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0285%	1h	309.38	−0.006%	$365K	$381K	10x	as long as short
Paradex TAO-USD-PERP	+0.0288%	8h	309.28	−0.038%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	309.94	+0.176%	$97K	$562K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.16	+0.570%	$4.4M	$10.7M	100x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	312.28	+0.932%	$23K	$2K	12x	as long as short
Phemex TAOUSDT	+0.0470%	4h	308.65	−0.241%	$3.3M	$8.0M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0525%	1h	309.79	+0.128%	$26K	$1.5M	25x	as long as short
Nado TAO-PERP	+0.0561%	1h	309.46	+0.020%	$751K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	308.60	−0.257%	$323K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0632%	1h	309.94	+0.176%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	309.59	+0.064%	$356	—	20x	as long as short
BingX TAO-USDT	+0.0704%	4h	309.81	+0.134%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0745%	4h	309.95	+0.179%	$63.7M	$136.6M	50x	as long as short
Variational Omni TAO	+0.0748%	4h	309.04	−0.116%	$5.3M	$8.9M	—	as long as short
Backpack TAO_USDC_PERP	+0.0837%	1h	309.67	+0.089%	$313K	$814K	10x	as long as short
Extended TAO-USD	+0.0920%	1h	309.81	+0.132%	$890K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	310.51	+0.360%	$1.4M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	309.69	+0.093%	$442K	$621K	5x	as long as short
Hyperliquid TAO	+0.1211%	1h	309.87	+0.153%	$97.5M	$93.5M	5x	as long as short
Lighter TAO	+0.1312%	1h	309.63	+0.075%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.4286%	1h	309.11	−0.094%	$164K	$40K	10x	as long as short