Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Gate+0.081%7-day average +0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$147as in the Price arb table

costs, in and out, $10k−$1481.478% of the position

Long on Gate Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.045%+$4 on $10k

Price spread, last 3 days (all we have)−0.024%−$2 · spread now +0.081%, 7d avg +0.073%

Together, before fees+0.020%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	310.50	0.0100	pay 0.0050% / 4h	24m 00s	$12.4M	$50.0M	50x
Short	Aevo TAO-PERP	310.75	0.0104	get 0.0013% / 1h	24m 00s	$171K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Gate. 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 GatebpFee AevobpOrdersPrice spread, now +0.081%Rate

Funding earned: $0.84
Price spread: +0.081% → +0.073%: $0.77
Slippage, 4 orders: −$116.8
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$146.19
Costs to cover: 1.478%
Break-even: 1225.3 days

Slippage from Gate: live order book, 5 min ago; Aevo: live order book, 55 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 Gate live order book, 5 min ago	1.60 bp	21.3 bp −$21	44.9 bp −$449	60.7 bp −$6,074	99.4 bp −$49.7K
Sell Aevo live order book, 55 min ago	38.86 bp	56.1 bp −$56	302.1 bp −$3,021	doesn't fit	doesn't fit

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	−0.4493%	1h	315.57	+1.633%	$169K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	311.08	+0.187%	$124K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.88	+0.124%	$20K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.95	+1.433%	$23K	$361	12x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0047%	1h	310.44	−0.020%	$20K	$1.5M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.12	+0.200%	$35K	$564K	20x	as long as short
Pacifica TAO	+0.0100%	1h	311.50	+0.322%	$369K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	310.93	+0.138%	$88.1M	$427.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.18	+0.219%	$61.1M	$125.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	310.90	+0.129%	$24.9M	$100.9M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDTlong	+0.0100%	4h	310.50	long leg	$12.4M	$50.0M	50x
MEXC TAO_USDT	+0.0100%	4h	310.71	+0.068%	$109.1M	$130.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	310.96	+0.148%	$18.4M	$27.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.73	+0.074%	$34.7M	$46.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	310.74	+0.077%	—	$30.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.93	+1.105%	$41K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.92	+1.101%	$521K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.77	+1.053%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.22	+0.232%	$76K	$476K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.09	+0.190%	$11K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	310.69	+0.061%	$60K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	310.68	+0.058%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.10	+0.193%	$127K	$408K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	310.69	+0.061%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	310.75	+0.081%	$171K	$998	3x
Katana Perps TAO-USD	+0.0109%	8h	311.04	+0.174%	$3K	$555K	5x	as long as short
Aster TAOUSDT	+0.0178%	4h	310.51	+0.005%	$1.1M	$7.9M	50x	as long as short
Arcus TAO-USD	+0.0186%	1h	311.76	+0.406%	$82K	$565K	5x	as long as short
Paradex TAO-USD-PERP	+0.0188%	8h	311.45	+0.305%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0199%	4h	312.46	+0.631%	$4.0M	$7.0M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.00	+0.483%	$4.4M	$10.5M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0453%	1h	310.44	−0.020%	$5.7M	$19.9M	50x	as long as short
Nado TAO-PERP	+0.0459%	1h	311.01	+0.163%	$818K	$2.0M	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0474% / S −0.0175%	1h	310.80	+0.098%	$446K	—	100x	as long as short
Backpack TAO_USDC_PERP	+0.0515%	1h	310.70	+0.064%	$290K	$804K	10x	as long as short
Phoenix TAO	+0.0537%	1h	314.20	+1.192%	$329K	$521K	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	311.27	+0.248%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	311.11	+0.196%	$358	—	20x	as long as short
Extended TAO-USD	+0.0848%	1h	310.87	+0.120%	$855K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	313.04	+0.818%	$1.5M	$5.8M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	311.19	+0.221%	$433K	$567K	5x	as long as short
Lighter TAO	+0.1240%	1h	311.01	+0.163%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.1691%	1h	311.10	+0.193%	$96.8M	$83.9M	5x	as long as short