Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0580%/8h= +63.5% APRpaid last 24h +0.098%

Price spread now: 01 Exchange against Gate+0.313%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Gate Short on 01 Exchange

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

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and 01 Exchange is 0.313% dearer against Gate than usual: you sell high and buy low: +$31 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	Gate TAO_USDT	322.60	0.0100	pay 0.0050% / 4h	1h 23m	$14.4M	$52.1M	50x
Short	01 Exchange TAOUSD	323.61	0.0680	get 0.0085% / 1h	23m 12s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.313%Rate

Funding earned: $121.8
Price spread: +0.313% → 0.000%: $31.31
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $131.11
Costs to cover: 0.220%
Break-even: from the start

Slippage unknown: Gate: live order book, 6 min ago; 01 Exchange: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 6 min ago	3.14 bp	18.4 bp −$18	39.0 bp −$390	54.3 bp −$5,431	89.6 bp −$44.8K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Bulk TAO-USD	−0.1995%	1h	319.47	−0.970%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	322.36	−0.074%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	322.52	−0.023%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.76	+0.050%	$44K	$706K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.30	−0.093%	$26.9M	$130.7M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	322.60	long leg	$14.4M	$52.1M	50x
KuCoin TAOUSDTM	+0.0100%	4h	322.47	−0.040%	$18.0M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.07	−0.164%	$36.2M	$58.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.82	−0.862%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.59	−0.003%	$86K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	322.37	−0.071%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	322.35	−0.077%	$117K	$598K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	322.84	+0.074%	$1K	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0117% / S +0.0150%	1h	322.55	−0.014%	$431K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0126%	4h	322.80	+0.062%	$53K	$292K	10x	as long as short
Aevo TAO-PERP	+0.0128%	1h	323.24	+0.198%	$178K	$998	3x	as long as short
edgeX TAOUSDC	+0.0172%	4h	320.52	−0.646%	$42K	$317K	10x	as long as short
MEXC TAO_USDT	+0.0196%	4h	322.19	−0.127%	$107.6M	$150.8M	300x	as long as short
Binance TAOUSDT	+0.0210%	4h	322.33	−0.084%	$93.3M	$527.9M	75x	as long as short
Paradex TAO-USD-PERP	+0.0290%	8h	322.95	+0.109%	$15K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0304%	4h	322.55	−0.015%	$3.3M	$8.1M	50x	as long as short
BingX TAO-USDT	+0.0324%	4h	322.39	−0.065%	—	$34.5M	—	as long as short
Bybit TAOUSDT	+0.0342%	4h	322.54	−0.019%	$70.9M	$155.9M	50x	as long as short
Aster TAOUSDT	+0.0372%	4h	322.88	+0.087%	$1.3M	$10.9M	50x	as long as short
Bullet TAO-USD	+0.0399%	1h	322.90	+0.094%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0406%	4h	321.35	−0.389%	$547K	$940K	10x	as long as short
BloFin TAO-USDT	+0.0450%	4h	322.53	−0.022%	$4.7M	$11.1M	100x	as long as short
Extended TAO-USD	+0.0472%	1h	322.79	+0.058%	$918K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0517%	1h	322.84	+0.075%	$802K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	322.77	+0.052%	$367K	$423K	10x	as long as short
Variational Omni TAO	+0.0538%	4h	322.25	−0.109%	$5.7M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	321.30	−0.403%	$320K	$709K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0568%	1h	322.62	+0.006%	$26K	$1.9M	25x	as long as short
Arcus TAO-USD	+0.0641%	1h	323.00	+0.124%	$104K	$389K	5x	as long as short
Hyperliquid TAO	+0.0666%	1h	322.47	−0.040%	$95.3M	$109.9M	5x	as long as short
01 Exchange TAOUSDshort	+0.0680%	1h	323.61	+0.313%	$3K	$4K	5x
Reya TAORUSDPERP	+0.0698%	1h	322.63	+0.008%	$371	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0749%	1h	322.34	−0.081%	$300K	$905K	10x	as long as short
Lighter TAO	+0.0800%	1h	322.62	+0.006%	$1.6M	$6.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	323.67	+0.332%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	322.64	+0.011%	$463K	$666K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1144%	1h	322.62	+0.007%	$6.0M	$21.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.44	+0.260%	$24K	$2K	12x	as long as short