Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against Gate−0.157%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$550.550% of the position

Long on Gate Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 7 days+0.128%+$13 · spread now −0.157%, 7d avg −0.016%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.141% cheaper against Gate than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	318.40	0.0100	pay 0.0050% / 4h	2h 15m	$13.0M	$50.6M	50x
Short	OKX TAO-USDT-SWAP	317.90	0.0100	get 0.0100% / 8h	6h 15m	$26.3M	$114.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Gate. 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 GatebpFee OKXbpOrdersPrice spread, now −0.157%Rate

Funding earned: $0
Price spread: −0.157% → −0.016%: −$14.07
Slippage, 4 orders: −$30.01
Fee Gate: 7.5 bp × 2 orders: −$15
Fee OKX: 5 bp × 2 orders: −$10
Net: −$69.09
Costs to cover: 0.550%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; OKX: live order book, 3 min ago.

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 Gate live order book, 3 min ago	3.17 bp	18.6 bp −$19	41.1 bp −$411	56.1 bp −$5,610	93.1 bp −$46.6K
Sell OKX live order book, 3 min ago	1.58 bp	8.5 bp −$9	16.3 bp −$163	55.7 bp −$5,573	doesn't fit

TAO on 42 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	318.20	−0.063%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.89	−0.474%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.33	−0.022%	$41K	$636K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	318.01	−0.122%	$91.6M	$468.8M	75x	as long as short
OKX TAO-USDT-SWAPshort	+0.0100%	8h	317.90	−0.157%	$26.3M	$114.4M	50x
Bulk TAO-USD	+0.0100%	1h	315.28	−0.980%	$167K	$40K	10x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	318.40	long leg	$13.0M	$50.6M	50x
MEXC TAO_USDT	+0.0100%	4h	318.67	+0.085%	$113.0M	$139.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.33	−0.022%	$18.2M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.73	−0.210%	$35.5M	$54.0M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	314.93	−1.090%	$35K	$300K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.80	−1.131%	$47K	$253K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	317.24	−0.364%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.09	−0.411%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.88	−0.477%	$130K	$473K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.24	−0.364%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.37	−0.323%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	318.83	+0.135%	$1K	$715K	5x	as long as short
Polymarket Perps TAO-USD	+0.0127%	1h	318.52	+0.038%	$80K	$683K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0166%	1h	317.31	−0.343%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0168% / S +0.0099%	1h	316.83	−0.494%	$433K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0176%	4h	315.62	−0.873%	$520K	$954K	10x	as long as short
Bullet TAO-USD	+0.0255%	1h	317.37	−0.322%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0279%	4h	318.15	−0.077%	$1.2M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	318.84	+0.137%	$375K	$384K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	318.92	+0.163%	$100K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0376%	8h	318.73	+0.103%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	318.67	+0.085%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0503%	1h	318.05	−0.111%	$794K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	316.00	−0.754%	$330K	$681K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0606%	1h	317.13	−0.398%	$22K	$1.5M	25x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	319.07	+0.210%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	318.03	−0.116%	$366	—	20x	as long as short
BingX TAO-USDT	+0.0800%	4h	318.66	+0.082%	—	$30.9M	—	as long as short
Bybit TAOUSDT	+0.0850%	4h	318.21	−0.060%	$67.5M	$138.6M	50x	as long as short
Variational Omni TAO	+0.0864%	4h	317.32	−0.340%	$5.5M	$8.9M	—	as long as short
Extended TAO-USD	+0.0936%	1h	318.60	+0.063%	$913K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0940%	1h	317.63	−0.242%	$321K	$810K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.25	−0.361%	$1.5M	$6.6M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	318.64	+0.077%	$455K	$631K	5x	as long as short
Hyperliquid TAO	+0.1364%	1h	318.39	−0.003%	$101.2M	$95.3M	5x	as long as short
Lighter TAO	+0.1432%	1h	319.10	+0.220%	$1.7M	$6.1M	5x	as long as short