Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against edgeX−0.475%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$100as in the Price arb table

costs, in and out, $10k−$550.550% of the position

Long on edgeX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 3 days (all we have)+0.293%+$29 · spread now −0.475%, 7d avg −0.029%

Together, before fees+0.324%+ Points / potential airdropedgeX: Active · farm board+$32 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 0.445% cheaper against edgeX than usual: you would sell low and buy high, −$45 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TAOUSDC	319.52	0.0100	pay 0.0050% / 4h	3h 31m	$40K	$293K	10x
Short	Gate TAO_USDT	318.00	0.0100	get 0.0050% / 4h	3h 31m	$12.9M	$50.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against edgeX. 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 edgeXbpFee GatebpOrdersPrice spread, now −0.475%Rate

Funding earned: $0
Price spread: −0.475% → −0.029%: −$44.53
Slippage, 4 orders: −$30.99
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$99.52
Costs to cover: 0.550%
Break-even: never at this rate

Slippage from edgeX: live order book, 42 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 edgeX live order book, 42 min ago	7.98 bp	12.6 bp −$13	29.0 bp −$290	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.56 bp	14.7 bp −$15	42.4 bp −$424	74.7 bp −$7,470	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
Bulk TAO-USD	−0.1322%	1h	319.84	+0.101%	$170K	$44K	10x	as long as short
Phemex TAOUSDT	−0.0198%	4h	317.95	−0.490%	$3.4M	$7.8M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	318.42	−0.342%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.64	−0.586%	$21K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0042%	1h	317.75	−0.553%	$17K	$1.5M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.05	−0.459%	$41K	$590K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	318.43	−0.340%	$91.7M	$447.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.20	−0.412%	$26.1M	$108.5M	50x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	318.00	−0.475%	$12.9M	$50.6M	50x
MEXC TAO_USDT	+0.0100%	4h	318.27	−0.390%	$108.3M	$134.6M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	317.83	−0.528%	$18.1M	$29.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.08	−0.450%	$35.5M	$50.6M	50x	as long as short
edgeX TAOUSDClong	+0.0100%	4h	319.52	long leg	$40K	$293K	10x
Orderly PERP_TAO_USDC	+0.0100%	4h	317.87	−0.515%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.63	−0.590%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.60	−0.287%	$127K	$424K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0104%	4h	320.01	+0.153%	$529K	$969K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.16	−0.425%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	318.18	−0.418%	$736	$621K	5x	as long as short
Bullet TAO-USD	+0.0154%	1h	318.17	−0.423%	$12K	$17K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0173% / S +0.0089%	1h	318.02	−0.470%	$461K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	318.27	−0.391%	$377K	$374K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	318.43	−0.340%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0232%	4h	318.00	−0.474%	$1.1M	$8.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0239%	8h	318.28	−0.386%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0323%	1h	318.46	−0.331%	$93K	$638K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	318.00	−0.475%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0428%	4h	318.34	−0.368%	—	$30.5M	—	as long as short
Bybit TAOUSDT	+0.0436%	4h	318.48	−0.324%	$65.5M	$132.8M	50x	as long as short
Variational Omni TAO	+0.0436%	4h	318.35	−0.366%	$5.5M	$8.7M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0482%	1h	317.76	−0.549%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	320.00	+0.151%	$335K	$624K	5x	as long as short
ApeX Omni TAOUSDT	+0.0552%	1h	320.00	+0.151%	$48K	$266K	50x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	322.97	+1.081%	$23K	$678	12x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	318.30	−0.381%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	318.26	−0.392%	$366	—	20x	as long as short
Nado TAO-PERP	+0.0790%	1h	318.27	−0.389%	$889K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0884%	1h	318.33	−0.371%	$322K	$819K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.85	−0.209%	$1.5M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1141%	1h	318.21	−0.407%	$423K	$600K	5x	as long as short
Extended TAO-USD	+0.1152%	1h	317.81	−0.535%	$927K	$2.3M	25x	as long as short
Lighter TAO	+0.1384%	1h	318.46	−0.332%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2228%	1h	318.73	−0.246%	$102.8M	$90.9M	5x	as long as short