data as of
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Funding arb /

TAO

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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 spread now, next payment 17:00 UTC0.0000%/8h
paid, last 24h0.000%paid, last 7 days+0.006%to open and close $10k−$45
Long on GateShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate TAO_USDT287.000.0100pay 0.0050% / 4h3h 21m$11.3M$44.2M50x
ShortBackpack TAO_USDC_PERP287.500.0100get 0.0013% / 1h21m 45s$329K$435K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
−$20.09
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$45.09
Break-even
never at this rate
Slippage from Gate: live order book, 4 min ago; Backpack: live order book, 23 min ago.

Price risk

price view
Price gap now
+0.174%
Avg gap 7d
+0.065%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago1.73 bp15.6 bp −$1635.5 bp −$35557.6 bp −$5,76587.4 bp −$43.7K
Sell Backpack live order book, 23 min ago2.09 bp7.4 bp −$712.5 bp −$125doesn't fitdoesn't fit

TAO on 42 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Bulk TAO-USD−0.1622%1h$151K$010xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0008%1h$14K—150xas long as short
Kraken Futures PF_TAOUSD+0.0047%1h$5.4M$13.5M50xas long as short
Bitget TAOUSDT+0.0074%4h$32.4M$36.6M50xas long as short
Popdex TAOUSDT+0.0096%1h$50K$447K20xas long as short
Katana Perps TAO-USD+0.0100%8h$2K$323K5xas long as short
Aster TAOUSDT+0.0100%4h$1.6M$5.0M50xas long as short
Pacifica TAO+0.0100%1h$332K$368K10xas long as short
Binance TAOUSDT+0.0100%4h$80.8M$324.0M75xas long as short
Bybit TAOUSDT+0.0100%4h$52.9M$84.3M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
OKX TAO-USDT-SWAP+0.0100%8h$23.1M$67.2M50xas long as short
Arcus TAO-USD+0.0100%1h$123K$569K5xas long as short
Gate TAO_USDTlong+0.0100%4h$11.3M$44.2M50x
MEXC TAO_USDT+0.0100%4h$104.3M$105.3M300xas long as short
KuCoin TAOUSDTM+0.0100%4h$18.1M$19.8M75xas long as short
BingX TAO-USDT+0.0100%4h—$27.9M—as long as short
Backpack TAO_USDC_PERPshort+0.0100%1h$329K$435K10x
Variational Omni TAO+0.0100%4h$3.4M$4.6M—as long as short
edgeX TAOUSDC+0.0100%4h$38K$293K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h$43K$265K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h$75K$1.0M5xas long as short
Bullet TAO-USD+0.0100%1h$10K$17K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h$52K$173K10xas long as short
SunX TAO-USDT+0.0100%4h$1K$1.6M20xas long as short
HTX TAO-USDT+0.0100%4h$118K$314K20xas long as short
Extended TAO-USD+0.0104%1h$778K$1.3M25xas long as short
Aevo TAO-PERP+0.0104%1h$158K$9983xas long as short
Paradex TAO-USD-PERP+0.0119%8h$13K$37610xas long as short
dYdX TAO-USD+0.0132%1h$73K$43K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0135%1h$35K$898K25xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0112%1h$453K—100xas long as short
Phemex TAOUSDT+0.0179%4h$3.0M$7.4M50xas long as short
Phoenix TAO+0.0332%1h$307K$157K5xas long as short
BloFin TAO-USDT+0.0340%4h$4.1M$6.9M100xas long as short
Nado TAO-PERP+0.0345%1h$1.1M$1.2M10xas long as short
01 Exchange TAOUSD+0.0456%1h$3K$6K5xas long as short
RISEx TAO/USDC+0.0553%1h$333K$421K5xas long as short
Lighter TAO+0.0656%1h$1.4M$1.9M5xas long as short
Reya TAORUSDPERP+0.0692%1h$331—20xas long as short
Coinbase International TAO-PERP-INTX+0.0920%1h$1.4M$4.0M50xas long as short
Hyperliquid TAO+0.0989%1h$80.3M$52.1M5xas long as short
Injective TAO/USDC PERP+0.3912%1h$21K$87K12xas long as short