Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0765%/8h= −83.8% APRnext payment $0.96 per $10,000 · paid last 24h −0.077%
Price spread now: gTrade (Gains Network) against Nado−0.099%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and gTrade (Gains Network) is 0.099% cheaper against Nado than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado TAO-PERP318.650.0770pay 0.0096% / 1h23m 07s$891K$2.0M10x
ShortgTrade (Gains Network) TAO/USD318.34L +0.0004% / S −0.0004%get 0.0001% / 1h23m 07s$21K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Nado. 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
−$160.73
Price spread: −0.099% → 0.000%
−$9.93
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$187.67
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Nado: live order book, 1 min ago; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 1 min ago2.20 bp9.9 bp −$1022.7 bp −$227doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
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
Bulk TAO-USD−0.1321%1h318.22−0.136%$169K$44K10xas long as short
dYdX TAO-USD0.0000%1h317.91−0.233%$127K$88K5xas long as short
gTrade (Gains Network) TAO/USDshortL +0.0004% / S −0.0004%1h318.34−0.099%$21K150x
Popdex TAOUSDT+0.0096%1h318.99+0.106%$43K$592K20xas long as short
Binance TAOUSDT+0.0100%4h318.51−0.044%$91.7M$447.8M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h318.50−0.048%$26.1M$108.9M50xas long as short
Gate TAO_USDT+0.0100%4h318.40−0.079%$12.9M$50.8M50xas long as short
MEXC TAO_USDT+0.0100%4h318.36−0.092%$109.1M$135.2M300xas long as short
KuCoin TAOUSDTM+0.0100%4h318.48−0.054%$18.2M$29.2M75xas long as short
Bitget TAOUSDT+0.0100%4h318.41−0.076%$35.5M$50.9M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h318.41−0.075%$40K$292K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h318.34−0.099%$526K$960K10xas long as short
Bullet TAO-USD+0.0100%1h318.61−0.014%$12K$17K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h318.45−0.064%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h318.25−0.126%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h318.82+0.053%$127K$423K20xas long as short
Phemex TAOUSDT+0.0100%4h318.44−0.067%$3.4M$7.8M50xas long as short
Aevo TAO-PERP+0.0104%1h319.02+0.114%$175K$9983xas long as short
Katana Perps TAO-USD+0.0114%8h319.01+0.112%$738$624K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0173% / S +0.0093%1h318.35−0.095%$458K100xas long as short
Pacifica TAO+0.0185%1h318.49−0.051%$377K$376K10xas long as short
Arcus TAO-USD+0.0201%1h319.11+0.144%$84K$550K5xas long as short
Aster TAOUSDT+0.0225%4h318.44−0.067%$1.2M$8.6M50xas long as short
Paradex TAO-USD-PERP+0.0234%8h318.30−0.110%$14K$1K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0241%1h318.52−0.043%$17K$1.5M25xas long as short
Polymarket Perps TAO-USD+0.0290%1h318.68+0.009%$93K$635K5xas long as short
ApeX Omni TAOUSDT+0.0316%1h317.14−0.475%$49K$267K50xas long as short
BloFin TAO-USDT+0.0340%4h318.41−0.076%$4.5M$10.8M100xas long as short
BingX TAO-USDT+0.0398%4h318.59−0.020%$30.4Mas long as short
Variational Omni TAO+0.0460%4h318.45−0.063%$5.5M$8.7Mas long as short
Kraken Futures PF_TAOUSD+0.0481%1h318.47−0.058%$5.7M$20.3M50xas long as short
Phoenix TAO+0.0525%1h318.10−0.173%$333K$624K5xas long as short
Bybit TAOUSDT+0.0561%4h318.74+0.027%$65.7M$133.1M50xas long as short
Injective TAO/USDC PERP+0.0571%1h322.97+1.355%$23K$67812xas long as short
01 Exchange TAOUSD+0.0584%1h319.05+0.125%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0695%1h318.51−0.046%$36620xas long as short
Nado TAO-PERPlong+0.0770%1h318.65long leg$891K$2.0M10x
Backpack TAO_USDC_PERP+0.0832%1h318.66+0.002%$322K$818K10xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h318.63−0.007%$1.5M$6.3M50xas long as short
Extended TAO-USD+0.1120%1h318.44−0.066%$926K$2.3M25xas long as short
RISEx TAO/USDC+0.1141%1h319.13+0.148%$423K$592K5xas long as short
Lighter TAO+0.1440%1h318.97+0.100%$1.7M$6.0M5xas long as short
Hyperliquid TAO+0.2002%1h319.07+0.131%$103.2M$91.0M5xas long as short