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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 02:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%
Price spread now: OKX against gTrade (Gains Network)−0.519%53s7-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 OKX
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
Funding pays, the price is against you. OKX is 0.519% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.519% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$52 on $10k: about 18 days of funding at the current rate (+$3 a day). The two prices were read 53 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/USD312.02L +0.0004% / S −0.0002%pay 0.0000% / 1h57m 28s$12K—150x
ShortOKX TAO-USDT-SWAP310.400.0100get 0.0100% / 8h6h 57m$25.3M$107.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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
$20.21
Price spread: −0.519% → 0.000%
−$51.86
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee OKX: 5 bp × 2 orders
−$10
Net
−$51.65
Costs to cover
0.200%
Break-even
24.9 days
Slippage unknown: gTrade (Gains Network): no order-book sample; OKX: live order book, 1 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 OKX live order book, 1 min ago1.61 bp10.5 bp −$1022.4 bp −$22462.8 bp −$6,278doesn'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
dYdX TAO-USD0.0000%1h311.19−0.266%$124K$89K5xas long as short
gTrade (Gains Network) TAO/USDlongL +0.0004% / S −0.0002%1h312.02long leg$12K—150x
Popdex TAOUSDT+0.0096%1h311.03−0.317%$44K$611K20xas long as short
Binance TAOUSDT+0.0100%4h310.83−0.381%$89.3M$454.9M75xas long as short
OKX TAO-USDT-SWAPshort+0.0100%8h310.40−0.519%$25.3M$107.8M50x
Gate TAO_USDT+0.0100%4h311.00−0.326%$12.6M$49.0M50xas long as short
MEXC TAO_USDT+0.0100%4h311.22−0.256%$99.7M$135.0M300xas long as short
KuCoin TAOUSDTM+0.0100%4h311.59−0.137%$18.2M$29.9M75xas long as short
Bitget TAOUSDT+0.0100%4h310.20−0.583%$34.5M$52.1M50xas long as short
edgeX TAOUSDC+0.0100%4h312.75+0.236%$35K$297K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT TAO_USDT_Perp+0.0100%4h312.72+0.225%$521K$962K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h313.12+0.353%$48K$267K50xas long as short
Orderly PERP_TAO_USDC+0.0100%4h312.28+0.084%$57K$318K10xas long as short
SunX TAO-USDT+0.0100%4h312.04+0.007%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h312.35+0.106%$119K$446K20xas long as short
Aevo TAO-PERP+0.0104%1h312.04+0.008%$171K$9983xas long as short
Katana Perps TAO-USD+0.0117%8h310.94−0.345%$636$657K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0125%1h311.99−0.008%$16K$1.5M25xas long as short
Polymarket Perps TAO-USD+0.0148%1h310.86−0.371%$91K$672K5xas long as short
Kraken Futures PF_TAOUSD+0.0169%1h311.96−0.018%$5.6M$20.3M50xas long as short
Aster TAOUSDT+0.0171%4h311.41−0.193%$1.2M$9.0M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0171% / S +0.0110%1h312.10+0.027%$435K—100xas long as short
Bullet TAO-USD+0.0179%1h312.59+0.183%$12K$17K20xas long as short
Paradex TAO-USD-PERP+0.0233%8h311.28−0.237%$14K$1K10xas long as short
Pacifica TAO+0.0285%1h311.37−0.208%$369K$373K10xas long as short
Arcus TAO-USD+0.0337%1h311.68−0.108%$82K$550K5xas long as short
BloFin TAO-USDT+0.0340%4h313.04+0.328%$4.4M$10.7M100xas long as short
Injective TAO/USDC PERP+0.0470%1h316.84+1.545%$23K$2K12xas long as short
Phoenix TAO+0.0525%1h313.80+0.571%$328K$620K5xas long as short
Bulk TAO-USD+0.0529%1h316.43+1.414%$168K$40K10xas long as short
01 Exchange TAOUSD+0.0592%1h311.01−0.323%$3K$4K5xas long as short
Variational Omni TAO+0.0606%4h314.06+0.654%$5.4M$8.7M—as long as short
Reya TAORUSDPERP+0.0696%1h310.35−0.535%$357—20xas long as short
BingX TAO-USDT+0.0704%4h311.49−0.169%—$30.7M—as long as short
Bybit TAOUSDT+0.0750%4h310.62−0.448%$63.2M$134.8M50xas long as short
Nado TAO-PERP+0.0813%1h310.58−0.461%$765K$2.1M10xas long as short
Backpack TAO_USDC_PERP+0.0816%1h312.08+0.020%$315K$818K10xas long as short
Phemex TAOUSDT+0.0905%4h312.28+0.084%$3.4M$7.8M50xas long as short
Hyperliquid TAO+0.0954%1h310.79−0.394%$99.0M$92.3M5xas long as short
Coinbase International TAO-PERP-INTX+0.1024%1h312.42+0.129%$1.5M$6.4M50xas long as short
Extended TAO-USD+0.1048%1h311.48−0.173%$898K$2.4M25xas long as short
RISEx TAO/USDC+0.1132%1h311.32−0.224%$413K$602K5xas long as short
Lighter TAO+0.1328%1h312.01−0.002%$1.6M$6.0M5xas long as short