Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0312%/8h= +34.1% APRpaid last 24h +0.029%

Price spread now: BingX against gTrade (Gains Network)+0.032%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on BingX

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—needs both histories

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BingX is 0.032% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TAO/USD	320.52	L +0.0004% / S −0.0005%	pay 0.0001% / 1h	16m 58s	$22K	—	150x
Short	BingX TAO-USDT	320.62	0.0316	get 0.0158% / 4h	1h 16m	—	$34.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $65.47
Price spread: +0.032% → 0.000%: $3.15
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $48.62
Costs to cover: 0.200%
Break-even: 1.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 7 min ago. 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 7 min ago	1.24 bp	7.4 bp −$7	13.7 bp −$137	35.4 bp −$3,545	131.7 bp −$65.8K

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	−0.2264%	1h	322.24	+0.538%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	321.04	+0.162%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USDlong	L +0.0004% / S −0.0005%	1h	320.52	long leg	$22K	—	150x
Popdex TAOUSDT	+0.0096%	1h	320.97	+0.141%	$44K	$705K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.70	+0.056%	$26.9M	$130.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.50	−0.006%	$14.4M	$52.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.55	+0.010%	$17.9M	$32.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.60	+0.025%	$36.0M	$58.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	322.46	+0.606%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.74	+0.069%	$85K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	320.65	+0.041%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.45	−0.022%	$117K	$598K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	320.97	+0.141%	$1K	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0115% / S +0.0151%	1h	320.53	+0.002%	$428K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0126%	4h	320.66	+0.044%	$53K	$293K	10x	as long as short
Aevo TAO-PERP	+0.0136%	1h	320.71	+0.061%	$176K	$998	3x	as long as short
Binance TAOUSDT	+0.0203%	4h	320.62	+0.031%	$93.1M	$527.7M	75x	as long as short
MEXC TAO_USDT	+0.0206%	4h	320.73	+0.066%	$107.1M	$151.1M	300x	as long as short
edgeX TAOUSDC	+0.0208%	4h	321.96	+0.450%	$43K	$318K	10x	as long as short
Paradex TAO-USD-PERP	+0.0274%	8h	321.07	+0.173%	$15K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0309%	4h	320.80	+0.088%	$70.5M	$156.0M	50x	as long as short
BingX TAO-USDTshort	+0.0316%	4h	320.62	+0.032%	—	$34.9M	—
Deribit TAO_USDC-PERPETUAL	+0.0345%	1h	320.57	+0.015%	$15K	$2.0M	25x	as long as short
Bullet TAO-USD	+0.0362%	1h	320.86	+0.106%	$12K	$17K	20x	as long as short
Phemex TAOUSDT	+0.0367%	4h	320.85	+0.103%	$3.3M	$8.1M	50x	as long as short
Aster TAOUSDT	+0.0369%	4h	320.74	+0.069%	$1.3M	$10.9M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0418%	4h	321.37	+0.264%	$545K	$937K	10x	as long as short
Extended TAO-USD	+0.0432%	1h	320.68	+0.050%	$913K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0443%	4h	320.92	+0.125%	$4.7M	$11.1M	100x	as long as short
Nado TAO-PERP	+0.0519%	1h	320.88	+0.112%	$798K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	321.20	+0.212%	$366K	$428K	10x	as long as short
Variational Omni TAO	+0.0526%	4h	322.87	+0.733%	$5.7M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	322.20	+0.524%	$321K	$709K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	321.27	+0.234%	$104K	$389K	5x	as long as short
Hyperliquid TAO	+0.0653%	1h	320.81	+0.091%	$94.9M	$110.0M	5x	as long as short
01 Exchange TAOUSD	+0.0656%	1h	321.06	+0.169%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	320.74	+0.068%	$369	—	20x	as long as short
Lighter TAO	+0.0712%	1h	320.80	+0.087%	$1.6M	$6.8M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0721%	1h	320.68	+0.050%	$299K	$905K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	322.77	+0.702%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	321.02	+0.157%	$452K	$670K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1151%	1h	320.72	+0.062%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	325.94	+1.691%	$24K	$2K	12x	as long as short