Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Gate+0.061%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.031%−$3 on $10k

Price spread, last 7 days−0.056%−$6 · spread now +0.061%, 7d avg +0.014%

Together, before fees−0.087%−$9 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: MEXC is 0.047% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	312.60	0.0100	pay 0.0050% / 4h	46m 26s	$12.7M	$49.1M	50x
Short	MEXC TAO_USDT	312.79	0.0100	get 0.0050% / 4h	46m 26s	$120.4M	$126.7M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.061%Rate

Funding earned: $0
Price spread: +0.061% → +0.014%: $4.73
Slippage, 4 orders: −$25.28
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$35.55
Costs to cover: 0.403%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; MEXC: 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, 2 min ago	3.19 bp	22.3 bp −$22	31.2 bp −$312	59.2 bp −$5,921	99.5 bp −$49.7K
Sell MEXC live order book, 3 min ago	0.80 bp	1.1 bp −$1	4.5 bp −$45	26.5 bp −$2,653	90.7 bp −$45.3K

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	−0.4722%	1h	314.01	+0.452%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.80	+0.064%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.67	+0.022%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.39	+0.573%	$23K	$260	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.29	+0.221%	$40K	$549K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.19	+0.189%	$371K	$372K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.92	+0.101%	$88.6M	$422.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.94	+0.109%	$61.3M	$123.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.70	+0.032%	$25.1M	$100.0M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	312.60	long leg	$12.7M	$49.1M	50x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDTshort	+0.0100%	4h	312.79	+0.061%	$120.4M	$126.7M	300x
KuCoin TAOUSDTM	+0.0100%	4h	312.82	+0.070%	$19.0M	$27.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.54	−0.019%	$35.0M	$46.3M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	312.95	+0.112%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.65	+0.335%	$41K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.17	+0.503%	$519K	$950K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.37	+0.246%	$47K	$269K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	312.65	+0.016%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.18	+0.186%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.88	+0.409%	$128K	$394K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.07	+0.150%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.81	+0.069%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.32	+0.230%	$903	$539K	5x	as long as short
Polymarket Perps TAO-USD	+0.0132%	1h	313.50	+0.288%	$77K	$522K	5x	as long as short
Bullet TAO-USD	+0.0148%	1h	313.05	+0.144%	$11K	$17K	20x	as long as short
Variational Omni TAO	+0.0173%	4h	313.59	+0.315%	$3.8M	$6.9M	—	as long as short
Paradex TAO-USD-PERP	+0.0185%	8h	312.98	+0.122%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.50	+0.288%	$83K	$626K	5x	as long as short
Aster TAOUSDT	+0.0209%	4h	313.19	+0.189%	$1.1M	$7.8M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0233%	1h	313.11	+0.164%	$24K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.41	+0.259%	$4.3M	$9.7M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0448%	1h	313.34	+0.237%	$5.8M	$19.8M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0475% / S −0.0175%	1h	312.69	+0.030%	$448K	—	100x	as long as short
Nado TAO-PERP	+0.0523%	1h	313.32	+0.230%	$842K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	313.80	+0.384%	$328K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0575%	1h	313.31	+0.227%	$300K	$798K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	312.72	+0.039%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0816%	1h	313.71	+0.355%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0848%	1h	313.03	+0.138%	$864K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.43	+0.585%	$1.5M	$5.7M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.49	+0.286%	$432K	$536K	5x	as long as short
Lighter TAO	+0.1504%	1h	313.61	+0.324%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.2137%	1h	313.57	+0.310%	$98.2M	$82.8M	5x	as long as short