Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against Gate+0.141%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$620.615% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.009%+$1 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.141%, 7d avg +0.104%

Together, before fees−0.064%−$6 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: Arcus is 0.037% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	305.80	0.0100	pay 0.0050% / 4h	1h 15m	$12.2M	$49.1M	50x
Short	Arcus TAO-USD	306.23	0.0100	get 0.0013% / 1h	15m 49s	$79K	$643K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.141%Rate

Funding earned: $0
Price spread: +0.141% → +0.104%: $3.71
Slippage, 4 orders: −$42.02
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$57.81
Costs to cover: 0.615%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Arcus: 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 Gate live order book, 3 min ago	3.27 bp	19.4 bp −$19	46.0 bp −$460	61.2 bp −$6,124	98.8 bp −$49.4K
Sell Arcus live order book, 3 min ago	3.43 bp	13.1 bp −$13	28.3 bp −$283	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	305.60	−0.064%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0015%	1h	305.55	−0.081%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.01	+0.069%	$45K	$539K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	305.92	+0.039%	$85.6M	$414.4M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.09	+0.095%	$59.3M	$121.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.00	+0.065%	$24.6M	$95.5M	50x	as long as short
Arcus TAO-USDshort	+0.0100%	1h	306.23	+0.141%	$79K	$643K	5x
Bulk TAO-USD	+0.0100%	1h	302.77	−0.991%	$162K	$54K	10x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	305.80	long leg	$12.2M	$49.1M	50x
MEXC TAO_USDT	+0.0100%	4h	305.97	+0.056%	$113.8M	$125.8M	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	306.05	+0.082%	$18.2M	$27.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	305.83	+0.010%	$34.1M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.96	+0.052%	—	$30.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.18	+0.124%	$40K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.91	+0.036%	$506K	$967K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	306.00	+0.065%	$75K	$556K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.81	+0.003%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.83	+0.010%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	305.93	+0.043%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	305.82	+0.007%	$122K	$368K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.92	+0.039%	$3.3M	$7.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0102%	1h	306.21	+0.134%	$46K	$270K	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.90	+0.031%	$168K	$998	3x	as long as short
Variational Omni TAO	+0.0105%	4h	305.97	+0.055%	$3.7M	$6.7M	—	as long as short
Katana Perps TAO-USD	+0.0110%	8h	305.98	+0.059%	$626	$506K	5x	as long as short
Aster TAOUSDT	+0.0119%	4h	305.99	+0.062%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	305.89	+0.030%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	305.96	+0.051%	$361K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	305.59	−0.070%	$436K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0264%	1h	305.95	+0.049%	$19K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0319%	1h	306.04	+0.079%	$826K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	305.78	−0.007%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0352%	1h	306.08	+0.093%	$1.6M	$5.4M	5x	as long as short
01 Exchange TAOUSD	+0.0408%	1h	306.17	+0.121%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0449%	1h	306.13	+0.108%	$294K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	306.60	+0.262%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	305.72	−0.026%	$352	—	20x	as long as short
Extended TAO-USD	+0.0744%	1h	305.89	+0.028%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	306.04	+0.078%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1032%	1h	305.94	+0.046%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1083%	1h	306.45	+0.213%	$93.3M	$80.7M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	306.21	+0.134%	$417K	$544K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.958%	$22K	$264	12x	as long as short