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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC−0.0595%/8h= −65.1% APRpaid last 24h −0.177%
Price spread now: Gate against Reya+0.104%47s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on Gate
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 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories
The price spread pays, funding is against you. Gate is 0.104% dearer against Reya than usual: you sell high and buy low (spread +0.104% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 14 hours. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya TAORUSDPERP312.570.0695pay 0.0087% / 1h39m 36s$359—20x
ShortGate TAO_USDT312.900.0100get 0.0050% / 4h39m 36s$12.7M$49.3M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate against Reya. 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
−$124.94
Price spread: +0.104% → 0.000%
$10.43
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$135.51
Costs to cover
0.210%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; Gate: live order book, 4 min ago. 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 Reya no order-book sample—————
Sell Gate live order book, 4 min ago3.19 bp19.4 bp −$1933.5 bp −$33572.6 bp −$7,261121.0 bp −$60.5K
Reya: 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−0.4478%1h313.97+0.447%$168K$48K10xas long as short
dYdX TAO-USD0.0000%1h312.64+0.021%$125K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h312.45−0.041%$21K—150xas long as short
Injective TAO/USDC PERP+0.0033%1h314.39+0.581%$23K$26012xas long as short
Popdex TAOUSDT+0.0096%1h313.25+0.216%$41K$552K20xas long as short
Pacifica TAO+0.0100%1h313.17+0.191%$371K$369K10xas long as short
Binance TAOUSDT+0.0100%4h313.19+0.197%$88.6M$425.1M75xas long as short
Bybit TAOUSDT+0.0100%4h313.31+0.235%$61.4M$124.0M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h313.00+0.136%$25.1M$100.7M50xas long as short
Gate TAO_USDTshort+0.0100%4h312.90+0.104%$12.7M$49.3M50x
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h313.12+0.175%$120.4M$127.7M300xas long as short
KuCoin TAOUSDTM+0.0100%4h312.83+0.082%$19.0M$27.7M75xas long as short
Bitget TAOUSDT+0.0100%4h313.02+0.143%$34.9M$46.5M50xas long as short
BingX TAO-USDT+0.0100%4h313.08+0.162%—$30.2M—as long as short
edgeX TAOUSDC+0.0100%4h312.40−0.055%$40K$279K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h312.53−0.014%$526K$948K10xas long as short
Orderly PERP_TAO_USDC+0.0100%4h312.59+0.005%$60K$276K10xas long as short
SunX TAO-USDT+0.0100%4h312.26−0.100%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h312.79+0.069%$128K$395K20xas long as short
Phemex TAOUSDT+0.0100%4h312.53−0.014%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h312.86+0.090%$172K$9983xas long as short
Bullet TAO-USD+0.0107%1h312.66+0.027%$11K$17K20xas long as short
Katana Perps TAO-USD+0.0110%8h313.28+0.226%$2K$541K5xas long as short
Polymarket Perps TAO-USD+0.0116%1h312.78+0.066%$77K$520K5xas long as short
ApeX Omni TAOUSDT+0.0118%1h312.28−0.094%$47K$270K50xas long as short
Arcus TAO-USD+0.0186%1h313.44+0.277%$83K$626K5xas long as short
Paradex TAO-USD-PERP+0.0187%8h313.06+0.157%$14K$1K10xas long as short
Variational Omni TAO+0.0194%4h312.41−0.054%$3.9M$7.0M—as long as short
Aster TAOUSDT+0.0198%4h313.03+0.145%$1.1M$7.9M50xas long as short
BloFin TAO-USDT+0.0351%4h312.42−0.049%$4.3M$10.2M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0375%1h312.72+0.045%$19K$1.4M25xas long as short
Kraken Futures PF_TAOUSD+0.0449%1h312.57−0.003%$5.7M$19.9M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0475% / S −0.0175%1h312.47−0.033%$448K—100xas long as short
Nado TAO-PERP+0.0522%1h312.67+0.030%$829K$2.0M10xas long as short
Backpack TAO_USDC_PERP+0.0537%1h312.70+0.040%$300K$799K10xas long as short
Phoenix TAO+0.0537%1h312.60+0.008%$327K$521K5xas long as short
Reya TAORUSDPERPlong+0.0695%1h312.57long leg$359—20x
01 Exchange TAOUSD+0.0720%1h313.50+0.296%$3K$4K5xas long as short
Extended TAO-USD+0.0864%1h313.15+0.184%$863K$2.1M25xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h314.64+0.661%$1.5M$5.8M50xas long as short
RISEx TAO/USDC+0.1238%1h313.46+0.285%$432K$548K5xas long as short
Lighter TAO+0.1352%1h313.56+0.314%$1.6M$5.8M5xas long as short
Hyperliquid TAO+0.1904%1h313.34+0.245%$97.6M$83.2M5xas long as short