Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0500%/8h= +54.7% APRpaid last 24h +0.080%

Price spread now: 01 Exchange against Gate−0.126%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Gate Short on 01 Exchange

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. 01 Exchange is 0.126% cheaper against Gate than usual: you would sell low and buy high (spread −0.126% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 20 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	318.30	0.0100	pay 0.0050% / 4h	3h 25m	$12.9M	$50.7M	50x
Short	01 Exchange TAOUSD	317.90	0.0600	get 0.0075% / 1h	25m 53s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.126%Rate

Funding earned: $105
Price spread: −0.126% → 0.000%: −$12.57
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $70.43
Costs to cover: 0.220%
Break-even: 2.3 days

Slippage unknown: Gate: live order book, 3 min ago; 01 Exchange: no order-book sample. Net counts fees only.

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	4.72 bp	19.7 bp −$20	46.9 bp −$469	63.1 bp −$6,307	97.7 bp −$48.8K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.1321%	1h	318.22	−0.025%	$169K	$44K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.45	−0.581%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.94	−0.114%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.89	−0.129%	$43K	$590K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	318.68	+0.119%	$91.6M	$447.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.70	+0.126%	$26.0M	$108.9M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	318.30	long leg	$12.9M	$50.7M	50x
MEXC TAO_USDT	+0.0100%	4h	318.58	+0.088%	$108.8M	$135.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.38	+0.025%	$18.2M	$29.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.44	+0.044%	$35.5M	$50.8M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.29	−0.319%	$40K	$292K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	318.49	+0.061%	$527K	$969K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	318.11	−0.060%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.69	−0.506%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.21	−0.028%	$127K	$423K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.67	−0.198%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.35	+0.016%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	317.73	−0.179%	$735	$625K	5x	as long as short
Bullet TAO-USD	+0.0118%	1h	318.21	−0.027%	$12K	$17K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0173% / S +0.0093%	1h	317.99	−0.096%	$457K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	316.72	−0.496%	$375K	$376K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	317.74	−0.176%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0220%	4h	317.86	−0.137%	$1.1M	$8.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0233%	8h	316.97	−0.417%	$14K	$1K	10x	as long as short
ApeX Omni TAOUSDT	+0.0296%	1h	317.11	−0.374%	$48K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0301%	1h	318.33	+0.009%	$93K	$635K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0312%	1h	318.15	−0.047%	$17K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	317.04	−0.396%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0398%	4h	318.54	+0.075%	—	$30.7M	—	as long as short
Bybit TAOUSDT	+0.0429%	4h	318.94	+0.201%	$65.7M	$133.1M	50x	as long as short
Variational Omni TAO	+0.0460%	4h	318.45	+0.048%	$5.5M	$8.7M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0482%	1h	318.01	−0.090%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	318.50	+0.063%	$333K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	322.97	+1.467%	$23K	$678	12x	as long as short
01 Exchange TAOUSDshort	+0.0600%	1h	317.90	−0.126%	$3K	$4K	5x
Reya TAORUSDPERP	+0.0695%	1h	318.01	−0.090%	$366	—	20x	as long as short
Nado TAO-PERP	+0.0781%	1h	318.05	−0.078%	$885K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0843%	1h	318.13	−0.053%	$321K	$818K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.19	−0.035%	$1.5M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1141%	1h	317.77	−0.165%	$422K	$591K	5x	as long as short
Extended TAO-USD	+0.1144%	1h	317.92	−0.119%	$926K	$2.3M	25x	as long as short
Lighter TAO	+0.1400%	1h	318.47	+0.054%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2054%	1h	319.24	+0.295%	$103.0M	$91.3M	5x	as long as short