Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

TAO

all TAO markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%
Price spread now: Bitget against Gate+0.044%7-day average +0.008% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$56as in the Price arb table
costs, in and out, $10k−$600.598% of the position
Long on GateShort on Bitget
What this pair did over the last
the charts below follow
Funding, last 7 days+0.039%+$4 on $10k
Price spread, last 7 days+0.004%$0 · spread now +0.044%, 7d avg +0.008%
Together, before fees+0.043%+$4 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: Bitget is 0.036% dearer against Gate than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate TAO_USDT316.700.0100pay 0.0050% / 4h3h 07m$12.9M$51.2M50x
ShortBitget TAOUSDT316.840.0100get 0.0050% / 4h3h 07m$35.2M$51.4M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: +0.044% → +0.008%
$3.62
Slippage, 4 orders
−$32.84
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$56.22
Costs to cover
0.598%
Break-even
never at this rate
Slippage from Gate: live order book, 1 min ago; Bitget: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 1 min ago3.16 bp18.3 bp −$1840.9 bp −$40955.7 bp −$5,56794.3 bp −$47.2K
Sell Bitget live order book, 1 min ago2.06 bp13.6 bp −$1419.8 bp −$19828.5 bp −$2,855doesn't fit

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
Bulk TAO-USD−0.1228%1h316.14−0.177%$168K$40K10xas long as short
dYdX TAO-USD0.0000%1h316.78+0.025%$127K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h316.13−0.179%$21K—150xas long as short
Popdex TAOUSDT+0.0096%1h317.00+0.095%$42K$600K20xas long as short
Binance TAOUSDT+0.0100%4h316.85+0.046%$90.8M$450.5M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h317.00+0.095%$25.8M$109.2M50xas long as short
Gate TAO_USDTlong+0.0100%4h316.70long leg$12.9M$51.2M50x
MEXC TAO_USDT+0.0100%4h316.95+0.079%$99.6M$136.6M300xas long as short
KuCoin TAOUSDTM+0.0100%4h316.91+0.066%$18.0M$29.3M75xas long as short
Bitget TAOUSDTshort+0.0100%4h316.84+0.044%$35.2M$51.4M50x
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h316.43−0.087%$40K$293K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h316.09−0.192%$524K$958K10xas long as short
Orderly PERP_TAO_USDC+0.0100%4h316.84+0.044%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h316.08−0.196%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h316.96+0.082%$127K$422K20xas long as short
Bullet TAO-USD+0.0103%1h316.48−0.069%$12K$17K20xas long as short
Aevo TAO-PERP+0.0104%1h316.74+0.014%$174K$9983xas long as short
Katana Perps TAO-USD+0.0117%8h316.90+0.063%$2K$644K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0172% / S +0.0101%1h316.19−0.160%$449K—100xas long as short
Pacifica TAO+0.0185%1h316.91+0.065%$375K$376K10xas long as short
ApeX Omni TAOUSDT+0.0185%1h316.14−0.177%$48K$267K50xas long as short
Arcus TAO-USD+0.0201%1h317.20+0.158%$84K$550K5xas long as short
Aster TAOUSDT+0.0202%4h316.56−0.044%$1.3M$8.8M50xas long as short
Paradex TAO-USD-PERP+0.0237%8h316.99+0.092%$14K$1K10xas long as short
Polymarket Perps TAO-USD+0.0268%1h316.36−0.107%$92K$633K5xas long as short
Phemex TAOUSDT+0.0296%4h316.97+0.085%$3.4M$7.8M50xas long as short
BloFin TAO-USDT+0.0340%4h316.05−0.205%$4.4M$10.7M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0370%1h316.81+0.034%$17K$1.5M25xas long as short
Kraken Futures PF_TAOUSD+0.0484%1h316.67−0.008%$5.7M$20.3M50xas long as short
Phoenix TAO+0.0525%1h316.60−0.032%$331K$624K5xas long as short
Variational Omni TAO+0.0546%4h316.94+0.077%$5.5M$8.7M—as long as short
01 Exchange TAOUSD+0.0560%1h317.04+0.107%$3K$4K5xas long as short
Injective TAO/USDC PERP+0.0571%1h317.77+0.338%$23K$80212xas long as short
Reya TAORUSDPERP+0.0696%1h315.96−0.234%$363—20xas long as short
BingX TAO-USDT+0.0702%4h317.04+0.107%—$30.7M—as long as short
Bybit TAOUSDT+0.0715%4h317.17+0.148%$65.3M$133.5M50xas long as short
Nado TAO-PERP+0.0759%1h316.17−0.168%$875K$2.0M10xas long as short
Backpack TAO_USDC_PERP+0.0805%1h316.65−0.016%$320K$816K10xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h317.15+0.142%$1.5M$6.4M50xas long as short
Extended TAO-USD+0.1112%1h317.02+0.102%$885K$2.3M25xas long as short
RISEx TAO/USDC+0.1141%1h316.94+0.077%$421K$593K5xas long as short
Lighter TAO+0.1408%1h317.42+0.227%$1.7M$6.1M5xas long as short
Hyperliquid TAO+0.1798%1h317.40+0.221%$101.6M$91.5M5xas long as short