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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 05:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.026%
Price spread now: Bitget against gTrade (Gains Network)−0.106%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on Bitget
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
Funding pays, the price is against you. Bitget is 0.106% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.106% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 3.7 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) TAO/USD312.02L +0.0004% / S −0.0004%pay 0.0001% / 1h20m 09s$20K—150x
ShortBitget TAOUSDT311.690.0100get 0.0050% / 4h3h 20m$35.0M$56.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$20.11
Price spread: −0.106% → 0.000%
−$10.64
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$12.53
Costs to cover
0.220%
Break-even
11.4 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Bitget: live order book, 4 min ago. 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 gTrade (Gains Network) no order-book sample—————
Sell Bitget live order book, 4 min ago1.61 bp11.9 bp −$1222.8 bp −$22837.5 bp −$3,754doesn't fit
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
Kraken Futures PF_TAOUSD−0.0348%1h312.22+0.063%$5.5M$20.6M50xas long as short
gTrade (Gains Network) TAO/USDlongL +0.0004% / S −0.0004%1h312.02long leg$20K—150x
dYdX TAO-USD+0.0012%1h311.34−0.217%$124K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h312.08+0.019%$46K$656K20xas long as short
Katana Perps TAO-USD+0.0099%8h311.90−0.039%$1K$842K5xas long as short
Pacifica TAO+0.0100%1h311.74−0.092%$355K$414K10xas long as short
Binance TAOUSDT+0.0100%4h312.10+0.024%$89.4M$500.7M75xas long as short
Bybit TAOUSDT+0.0100%4h312.18+0.051%$67.2M$150.4M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h312.10+0.025%$26.0M$120.7M50xas long as short
Gate TAO_USDT+0.0100%4h311.80−0.071%$13.3M$50.2M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h312.25+0.073%$102.5M$145.3M300xas long as short
KuCoin TAOUSDTM+0.0100%4h312.28+0.083%$17.8M$31.2M75xas long as short
Bitget TAOUSDTshort+0.0100%4h311.69−0.106%$35.0M$56.5M50x
BingX TAO-USDT+0.0100%4h312.00−0.007%—$33.8M—as long as short
edgeX TAOUSDC+0.0100%4h310.82−0.384%$41K$313K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h310.69−0.425%$528K$956K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h310.73−0.414%$46K$254K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h311.93−0.029%$79K$901K5xas long as short
Bullet TAO-USD+0.0100%1h312.32+0.095%$11K$18K20xas long as short
SunX TAO-USDT+0.0100%4h311.68−0.110%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h311.70−0.103%$110K$542K20xas long as short
Phemex TAOUSDT+0.0100%4h312.08+0.019%$3.1M$8.0M50xas long as short
Aevo TAO-PERP+0.0104%1h312.33+0.097%$172K$9983xas long as short
Aster TAOUSDT+0.0104%4h311.93−0.028%$1.3M$10.5M50xas long as short
Orderly PERP_TAO_USDC+0.0115%4h312.30+0.089%$52K$290K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0137% / S +0.0135%1h312.07+0.015%$414K—100xas long as short
Paradex TAO-USD-PERP+0.0145%8h312.03+0.003%$14K$1K10xas long as short
Arcus TAO-USD+0.0231%1h312.29+0.086%$101K$394K5xas long as short
Extended TAO-USD+0.0304%1h312.19+0.055%$909K$2.4M25xas long as short
Variational Omni TAO+0.0308%4h311.97−0.017%$5.5M$10.1M—as long as short
Nado TAO-PERP+0.0336%1h312.08+0.019%$786K$2.2M10xas long as short
BloFin TAO-USDT+0.0340%4h311.79−0.074%$4.5M$10.8M100xas long as short
Phoenix TAO+0.0457%1h311.10−0.295%$310K$711K5xas long as short
Hyperliquid TAO+0.0461%1h312.13+0.035%$91.7M$107.7M5xas long as short
01 Exchange TAOUSD+0.0480%1h312.19+0.054%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0495%1h312.17+0.047%$310K$885K10xas long as short
Lighter TAO+0.0576%1h312.44+0.133%$1.5M$6.5M5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0627%1h312.37+0.110%$14K$1.8M25xas long as short
Reya TAORUSDPERP+0.0697%1h312.08+0.019%$359—20xas long as short
RISEx TAO/USDC+0.0816%1h312.08+0.020%$442K$653K5xas long as short
Bulk TAO-USD+0.0817%1h310.92−0.353%$165K$33310xas long as short
Coinbase International TAO-PERP-INTX+0.0952%1h312.08+0.019%$1.5M$6.7M50xas long as short
Injective TAO/USDC PERP+0.4092%1h315.24+1.031%$23K$2K12xas long as short