After costs, if the gap returns to its 7d average, $10k−$109
spread now+0.083%7d average+0.040%fees + slippage, in and out−$114spread needed1.138%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget TAOUSDT | 288.64 | 0.0040 | pay 0.0020% / 4h | 2m 43s | $32.7M | $36.4M | 50x |
| Short | Phemex TAOUSDT | 288.88 | 0.0100 | get 0.0050% / 4h | 2m 43s | $3.0M | $7.4M | 50x |
Bitget TAOUSDT
Phemex TAOUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $8.31
- Funding while held
- $1.8
- Slippage, 4 orders
- −$89.82
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$103.71
- Spread needed to break even
- 1.138%
Slippage from Bitget: live order book, 3 min ago; Phemex: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0060%
- Per $10,000 a day
- +$1.80
- Average in range /8h
- —
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 Bitget live order book, 3 min ago | 1.73 bp | 12.6 bp −$13 | 22.7 bp −$227 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 9.32 bp | 64.9 bp −$65 | doesn't fit | doesn't fit | doesn't fit |
TAO price on every exchange
against the cheapest. Click to use as the short leg.KuCoin288.49cheapest
KuCoinBitget288.64+0.052%
OKX288.70+0.073%Gate288.70+0.073%MEXC288.73+0.083%Extended288.86+0.127%BingX288.87+0.132%
OKX
Gate
MEXC
Extended
BingXPhemex288.88+0.135%
HTX288.89+0.139%gTrade (Gains Network)288.89+0.139%GMX288.89+0.140%Binance288.90+0.144%Orderly288.95+0.159%Backpack288.97+0.166%Paradex288.98+0.170%Aster288.99+0.174%SunX289.00+0.177%Deribit289.03+0.187%BloFin289.04+0.191%Bullet289.10+0.211%Bybit289.10+0.211%Lighter289.11+0.214%Kraken Futures289.12+0.217%Aevo289.17+0.236%Reya289.17+0.237%Nado289.18+0.238%Popdex289.22+0.253%dYdX289.22+0.255%Pacifica289.23+0.258%Katana Perps289.35+0.298%Polymarket Perps289.36+0.302%RISEx289.37+0.305%Hyperliquid289.39+0.312%01 Exchange289.40+0.315%Phoenix289.40+0.315%ApeX Omni289.43+0.326%Arcus289.45+0.333%edgeX289.96+0.509%Variational Omni289.96+0.510%Bulk289.97+0.513%Coinbase International290.51+0.700%Injective292.98+1.556%
HTX
gTrade (Gains Network)
GMX
Binance
Orderly
Backpack
Paradex
Aster
SunX
Deribit
BloFin
Bullet
Bybit
Lighter
Kraken Futures
Aevo
Reya
Nado
Popdex
dYdX
Pacifica
Katana Perps
Polymarket Perps
RISEx
Hyperliquid
Phoenix
ApeX Omni
Arcus
Variational Omni
Bulk
Coinbase International
InjectiveTAO on 42 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | −0.052% | +0.0100% | 4h | $18.0M | $18.7M | 75x | as long as short |
| Bitget TAOUSDTlong | 0.000% | +0.0040% | 4h | $32.7M | $36.4M | 50x | |
| OKX TAO-USDT-SWAP | +0.021% | +0.0100% | 8h | $23.2M | $68.0M | 50x | as long as short |
| Gate TAO_USDT | +0.021% | +0.0094% | 4h | $11.4M | $46.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.031% | +0.0100% | 4h | $109.8M | $104.2M | 300x | as long as short |
| Extended TAO-USD | +0.075% | +0.0104% | 1h | $780K | $1.3M | 25x | as long as short |
| BingX TAO-USDT | +0.080% | +0.0100% | 4h | — | $29.0M | — | as long as short |
| Phemex TAOUSDTshort | +0.083% | +0.0100% | 4h | $3.0M | $7.4M | 50x | |
| HTX TAO-USDT | +0.087% | +0.0100% | 4h | $118K | $312K | 20x | as long as short |
| gTrade (Gains Network) TAO/USD | +0.087% | L +0.0004% / S −0.0010% | 1h | $16K | — | 150x | as long as short |