Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Gate against OKX−0.096%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 7 days+0.133%+$13 · spread now −0.096%, 7d avg +0.014%

Together, before fees+0.159%+$16 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: Gate is 0.110% cheaper against OKX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TAO-USDT-SWAP	311.60	0.0100	pay 0.0100% / 8h	3h 46m	$25.8M	$120.1M	50x
Short	Gate TAO_USDT	311.30	0.0100	get 0.0050% / 4h	3h 46m	$13.0M	$49.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against OKX. 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 OKXbpFee GatebpOrdersPrice spread, now −0.096%Rate

Funding earned: $0
Price spread: −0.096% → +0.014%: −$11.04
Slippage, 4 orders: −$23.07
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$59.11
Costs to cover: 0.481%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Gate: 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 OKX live order book, 3 min ago	1.60 bp	6.6 bp −$7	13.7 bp −$137	58.3 bp −$5,826	doesn't fit
Sell Gate live order book, 3 min ago	1.60 bp	15.6 bp −$16	43.4 bp −$434	72.9 bp −$7,291	120.0 bp −$60.0K

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
Kraken Futures PF_TAOUSD	−0.0348%	1h	311.63	+0.008%	$5.5M	$20.6M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	311.76	+0.052%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.84	+0.076%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.83	+0.074%	$45K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	311.75	+0.048%	$1K	$813K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.98	+0.122%	$356K	$413K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.55	−0.016%	$89.4M	$497.4M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.55	−0.016%	$67.2M	$149.6M	50x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	311.60	long leg	$25.8M	$120.1M	50x
Bulk TAO-USD	+0.0100%	1h	315.10	+1.123%	$167K	$2K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDTshort	+0.0100%	4h	311.30	−0.096%	$13.0M	$49.5M	50x
MEXC TAO_USDT	+0.0100%	4h	311.56	−0.013%	$100.9M	$144.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.49	−0.035%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.76	+0.051%	$34.9M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.51	−0.029%	—	$33.1M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.96	+0.114%	$41K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.93	+0.105%	$529K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.00	+0.128%	$46K	$253K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.80	+0.064%	$82K	$870K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.13	+0.170%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.48	−0.039%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.42	−0.058%	$109K	$536K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	311.61	+0.003%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.84	+0.075%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0116%	4h	311.78	+0.058%	$52K	$270K	10x	as long as short
Aster TAOUSDT	+0.0122%	4h	311.65	+0.017%	$1.2M	$10.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0141% / S +0.0130%	1h	311.84	+0.076%	$415K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0141%	8h	311.76	+0.052%	$14K	$1K	10x	as long as short
Hyperliquid TAO	+0.0169%	1h	311.73	+0.042%	$91.4M	$107.0M	5x	as long as short
Extended TAO-USD	+0.0184%	1h	311.69	+0.027%	$913K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.02	+0.135%	$101K	$391K	5x	as long as short
Nado TAO-PERP	+0.0253%	1h	311.93	+0.107%	$785K	$2.2M	10x	as long as short
Variational Omni TAO	+0.0324%	4h	312.10	+0.161%	$5.5M	$10.0M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0340%	1h	311.76	+0.051%	$20K	$1.7M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.18	+0.186%	$4.5M	$10.8M	100x	as long as short
Lighter TAO	+0.0376%	1h	312.00	+0.128%	$1.5M	$6.4M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0391%	1h	311.62	+0.006%	$310K	$911K	10x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	311.95	+0.112%	$3K	$4K	5x	as long as short
Phoenix TAO	+0.0457%	1h	312.50	+0.289%	$311K	$711K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.01	+0.132%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.78	+0.059%	$432K	$650K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.94	+0.430%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.38	+1.855%	$23K	$2K	12x	as long as short