Funding you earn now, next payment 03:00 UTC−0.0840%/8h= −92.0% APRnext payment −$1.05 per $10,000 · paid last 24h −0.086%
Price spread now: gTrade (Gains Network) against Backpack−0.033%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and gTrade (Gains Network) is 0.033% cheaper against Backpack than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TAO_USDC_PERP | 315.82 | 0.0844 | pay 0.0106% / 1h | 6m 13s | $314K | $927K | 10x |
| Short | gTrade (Gains Network) TAO/USD | 315.72 | L +0.0004% / S −0.0004% | get 0.0001% / 1h | 6m 13s | $20K | — | 150x |
Backpack TAO_USDC_PERP
gTrade (Gains Network) TAO/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$176.44
- Price spread: −0.033% → 0.000%
- −$3.26
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$199.7
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 58 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Backpack live order book, 58 min ago | 2.19 bp | 8.3 bp −$8 | doesn't fit | doesn't fit | doesn'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.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.1916% | 1h | 325.17 | +2.961% | $172K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 316.01 | +0.060% | $126K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USDshort | L +0.0004% / S −0.0004% | 1h | 315.72 | −0.033% | $20K | — | 150x | |
| Popdex TAOUSDT | +0.0096% | 1h | 316.25 | +0.136% | $40K | $687K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 316.03 | +0.067% | $91.8M | $490.8M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.30 | +0.152% | $26.0M | $119.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.70 | −0.038% | $12.9M | $50.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 315.88 | +0.019% | $104.6M | $144.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.07 | +0.079% | $17.6M | $31.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 315.69 | −0.041% | $35.3M | $56.1M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 317.23 | +0.445% | $36K | $302K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 316.15 | +0.104% | $88K | $797K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.61 | −0.066% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 315.95 | +0.041% | $109K | $529K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 315.95 | +0.040% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0113% | 8h | 315.96 | +0.044% | $673 | $778K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0127% | 4h | 315.70 | −0.038% | $57K | $275K | 10x | as long as short |
| Bullet TAO-USD | +0.0143% | 1h | 316.03 | +0.066% | $12K | $18K | 20x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0156% / S +0.0113% | 1h | 315.72 | −0.033% | $428K | — | 100x | as long as short |
| Phemex TAOUSDT | +0.0177% | 4h | 315.92 | +0.032% | $3.2M | $8.1M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0178% | 4h | 317.27 | +0.459% | $528K | $965K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0240% | 8h | 316.52 | +0.221% | $14K | $1K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0248% | 1h | 315.87 | +0.016% | $5.6M | $20.8M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0249% | 1h | 315.89 | +0.022% | $15K | $1.7M | 25x | as long as short |
| Aster TAOUSDT | +0.0270% | 4h | 316.05 | +0.073% | $1.2M | $10.1M | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 315.76 | −0.019% | $4.5M | $10.9M | 100x | as long as short |
| ApeX Omni TAOUSDT | +0.0349% | 1h | 316.96 | +0.361% | $47K | $252K | 50x | as long as short |
| Bybit TAOUSDT | +0.0382% | 4h | 316.08 | +0.082% | $69.3M | $146.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0386% | 4h | 315.88 | +0.019% | — | $30.4M | — | as long as short |
| Pacifica TAO | +0.0448% | 1h | 316.31 | +0.155% | $372K | $413K | 10x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 317.70 | +0.595% | $332K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 316.58 | +0.241% | $100K | $488K | 5x | as long as short |
| Nado TAO-PERP | +0.0577% | 1h | 316.39 | +0.180% | $825K | $2.2M | 10x | as long as short |
| Extended TAO-USD | +0.0600% | 1h | 315.76 | −0.019% | $927K | $2.4M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0656% | 1h | 316.19 | +0.117% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 316.08 | +0.083% | $363 | — | 20x | as long as short |
| Lighter TAO | +0.0712% | 1h | 316.21 | +0.123% | $1.6M | $6.4M | 5x | as long as short |
| Variational Omni TAO | +0.0799% | 4h | 316.62 | +0.254% | $5.9M | $9.8M | — | as long as short |
| Backpack TAO_USDC_PERPlong | +0.0844% | 1h | 315.82 | long leg | $314K | $927K | 10x | |
| Hyperliquid TAO | +0.0966% | 1h | 316.33 | +0.161% | $95.5M | $104.1M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 317.08 | +0.399% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 316.26 | +0.141% | $436K | $661K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 321.62 | +1.836% | $23K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Katana Perps TAO-USD
Orderly PERP_TAO_USDC
Bullet TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Phemex TAOUSDT
GRVT TAO_USDT_Perp
Paradex TAO-USD-PERP
Kraken Futures PF_TAOUSD
Deribit TAO_USDC-PERPETUAL
Aster TAOUSDT
BloFin TAO-USDT
ApeX Omni TAOUSDT
Bybit TAOUSDT
BingX TAO-USDT
Pacifica TAO
Phoenix TAO
Arcus TAO-USD
Nado TAO-PERP
Extended TAO-USD
01 Exchange TAOUSD
Reya TAORUSDPERP
Lighter TAO
Variational Omni TAO
Hyperliquid TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP