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

TAO

all TAO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0096%/8h= −10.5% APRnext payment $0.12 per $10,000 · paid last 24h −0.037%
Price spread now: gTrade (Gains Network) against ApeX Omni−1.042%67s7-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 feesneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 1.042% cheaper against ApeX Omni than usual: you would sell low and buy high (−$104 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni TAOUSDT324.340.0100pay 0.0013% / 1h51m 45s$47K$258K50x
ShortgTrade (Gains Network) TAO/USD320.96L +0.0004% / S −0.0004%get 0.0001% / 1h51m 45s$21K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against ApeX Omni. 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
−$20.15
Price spread: −1.042% → 0.000%
−$104.21
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$144.36
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 55 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 ApeX Omni live order book, 55 min ago5.58 bp13.0 bp −$13111.1 bp −$1,111doesn'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−0.2101%1h320.87−1.070%$170K$33310xas long as short
dYdX TAO-USD0.0000%1h320.55−1.169%$128K$85K5xas long as short
gTrade (Gains Network) TAO/USDshortL +0.0004% / S −0.0004%1h320.96−1.042%$21K150x
Popdex TAOUSDT+0.0096%1h321.41−0.903%$40K$694K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h321.00−1.030%$26.6M$129.3M50xas long as short
Gate TAO_USDT+0.0100%4h320.30−1.246%$14.2M$51.3M50xas long as short
KuCoin TAOUSDTM+0.0100%4h320.57−1.162%$17.6M$31.9M75xas long as short
Bitget TAOUSDT+0.0100%4h320.96−1.042%$36.2M$58.0M50xas long as short
ApeX Omni TAOUSDTlong+0.0100%1h324.34long leg$47K$258K50x
Polymarket Perps TAO-USD+0.0100%1h321.25−0.953%$78K$1.1M5xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDT+0.0100%4h320.81−1.088%$1K$2.0M20xas long as short
HTX TAO-USDT+0.0100%4h320.97−1.039%$118K$584K20xas long as short
Phemex TAOUSDT+0.0100%4h320.86−1.073%$3.3M$8.1M50xas long as short
Katana Perps TAO-USD+0.0109%8h321.24−0.956%$729$985K5xas long as short
Orderly PERP_TAO_USDC+0.0119%4h321.07−1.008%$53K$292K10xas long as short
Aevo TAO-PERP+0.0120%1h321.14−0.986%$176K$9983xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0123% / S +0.0155%1h320.92−1.054%$434K100xas long as short
Binance TAOUSDT+0.0148%4h321.23−0.959%$93.7M$524.9M75xas long as short
MEXC TAO_USDT+0.0148%4h321.23−0.959%$105.4M$149.2M300xas long as short
edgeX TAOUSDC+0.0158%4h322.15−0.674%$43K$316K10xas long as short
Paradex TAO-USD-PERP+0.0265%8h321.09−1.001%$15K$1K10xas long as short
Aster TAOUSDT+0.0301%4h321.07−1.008%$1.3M$10.9M50xas long as short
Bullet TAO-USD+0.0370%1h321.40−0.906%$12K$17K20xas long as short
BingX TAO-USDT+0.0372%4h321.12−0.993%$34.3Mas long as short
Bybit TAOUSDT+0.0384%4h321.23−0.959%$70.1M$155.6M50xas long as short
BloFin TAO-USDT+0.0388%4h320.87−1.070%$4.7M$11.1M100xas long as short
GRVT TAO_USDT_Perp+0.0434%4h321.38−0.914%$548K$937K10xas long as short
Extended TAO-USD+0.0488%1h320.62−1.148%$914K$2.4M25xas long as short
Variational Omni TAO+0.0506%4h323.50−0.259%$5.7M$10.1Mas long as short
Pacifica TAO+0.0525%1h321.24−0.955%$365K$422K10xas long as short
Phoenix TAO+0.0567%1h324.40+0.018%$323K$709K5xas long as short
Backpack TAO_USDC_PERP+0.0599%1h320.80−1.091%$319K$899K10xas long as short
Hyperliquid TAO+0.0618%1h321.03−1.021%$94.9M$109.9M5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0623%1h321.10−1.000%$14K$1.9M25xas long as short
Nado TAO-PERP+0.0633%1h321.28−0.944%$803K$2.2M10xas long as short
01 Exchange TAOUSD+0.0640%1h321.48−0.882%$3K$4K5xas long as short
Arcus TAO-USD+0.0641%1h321.50−0.876%$103K$394K5xas long as short
Reya TAORUSDPERP+0.0698%1h321.46−0.888%$37020xas long as short
Lighter TAO+0.0856%1h321.44−0.895%$1.5M$6.6M5xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h321.95−0.737%$1.5M$6.9M50xas long as short
RISEx TAO/USDC+0.1077%1h321.29−0.942%$463K$665K5xas long as short
Kraken Futures PF_TAOUSD+0.1149%1h321.22−0.960%$6.1M$21.7M50xas long as short
Injective TAO/USDC PERP+0.4723%1h328.25+1.206%$24K$2K12xas long as short