TAO

Alert

Spread before costs (cost unknown: a leg has no order-book sample)−0.099%

7d average—if it closes, per $10,000$10funding while held, a day−$27.61

Long on Hyperliquid Short on gTrade (Gains Network)

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid TAO	287.62	0.0925	pay 0.0116% / 1h	15m 00s	$80.0M	$52.5M	5x
Short	gTrade (Gains Network) TAO/USD	287.33	L +0.0004% / S −0.0004%	get 0.0001% / 1h	15m 00s	$9K	—	150x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee HyperliquidbpFee gTrade (Gains Network)bpOrdersClose when spread is

Spread captured: −$9.94
Funding while held: −$27.61
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$56.56
Spread needed to break even: 0.190%

Slippage unknown: Hyperliquid: live order book, 10 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost of waiting

funding view

Funding /8h: −0.0920%
Per $10,000 a day: −$27.61
Average in range /8h: —

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 Hyperliquid live order book, 10 min ago	1.73 bp	9.2 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 price on every exchange

against the cheapest. Click to use as the short leg.

edgeX286.17cheapest ApeX Omni286.35+0.061%Phoenix286.60+0.149%Variational Omni286.96+0.275%BloFin287.09+0.320%Bitget287.10+0.323%dYdX287.12+0.330%SunX287.12+0.330%Katana Perps287.18+0.351%KuCoin287.18+0.351%Extended287.18+0.352%Nado287.19+0.354%Gate287.20+0.358%MEXC287.22+0.365%Reya287.22+0.366%Kraken Futures287.23+0.367%Aster287.24+0.372%Paradex287.24+0.373%Bullet287.24+0.373%GMX287.29+0.389%OKX287.30+0.393%Orderly287.31+0.397%BingX287.32+0.400%HTX287.32+0.400%Phemex287.32+0.400%Deribit287.33+0.405%

gTrade (Gains Network)287.33+0.405%

Popdex287.34+0.407%Binance287.35+0.412%Pacifica287.38+0.422%01 Exchange287.39+0.425%Backpack287.40+0.428%RISEx287.40+0.429%Polymarket Perps287.41+0.432%Aevo287.46+0.448%Lighter287.48+0.458%Bybit287.55+0.481%Arcus287.60+0.498%

Hyperliquid287.62+0.505%

Coinbase International287.79+0.565%Bulk289.44+1.141%Injective290.49+1.508%

TAO on 42 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
edgeX TAOUSDC	−0.503%	+0.0100%	4h	$37K	$294K	10x	as long as short
ApeX Omni TAOUSDT	−0.442%	+0.0100%	1h	$43K	$265K	50x	as long as short
Phoenix TAO	−0.355%	+0.0332%	1h	$304K	$157K	5x	as long as short
Variational Omni TAO	−0.229%	+0.0100%	4h	$3.4M	$4.7M	—	as long as short
BloFin TAO-USDT	−0.184%	+0.0340%	4h	$4.1M	$6.8M	100x	as long as short
Bitget TAOUSDT	−0.181%	+0.0076%	4h	$32.4M	$36.7M	50x	as long as short
dYdX TAO-USD	−0.174%	+0.0157%	1h	$73K	$43K	5x	as long as short
SunX TAO-USDT	−0.174%	+0.0100%	4h	$2K	$1.6M	20x	as long as short
Katana Perps TAO-USD	−0.153%	+0.0100%	8h	$630	$323K	5x	as long as short
KuCoin TAOUSDTM	−0.153%	+0.0100%	4h	$18.1M	$19.8M	75x	as long as short

Show all 42 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Extended TAO-USD	−0.153%	+0.0104%	1h	$773K	$1.3M	25x	as long as short
Nado TAO-PERP	−0.150%	+0.0295%	1h	$1.1M	$1.2M	10x	as long as short
Gate TAO_USDT	−0.146%	+0.0100%	4h	$11.3M	$44.5M	50x	as long as short
MEXC TAO_USDT	−0.139%	+0.0100%	4h	$104.7M	$106.1M	300x	as long as short
Reya TAORUSDPERP	−0.138%	+0.0692%	1h	$330	—	20x	as long as short
Kraken Futures PF_TAOUSD	−0.137%	+0.0047%	1h	$5.2M	$13.9M	50x	as long as short
Aster TAOUSDT	−0.132%	+0.0100%	4h	$1.6M	$5.0M	50x	as long as short
Paradex TAO-USD-PERP	−0.132%	+0.0117%	8h	$13K	$376	10x	as long as short
Bullet TAO-USD	−0.131%	+0.0100%	1h	$10K	$17K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	−0.116%	L +0.0174% / S +0.0112%	1h	$453K	—	100x	as long as short
OKX TAO-USDT-SWAP	−0.111%	+0.0100%	8h	$23.1M	$67.8M	50x	as long as short
Orderly PERP_TAO_USDC	−0.108%	+0.0100%	4h	$52K	$173K	10x	as long as short
BingX TAO-USDT	−0.104%	+0.0100%	4h	—	$28.0M	—	as long as short
HTX TAO-USDT	−0.104%	+0.0100%	4h	$118K	$318K	20x	as long as short
Phemex TAOUSDT	−0.104%	+0.0100%	4h	$3.0M	$7.3M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	−0.100%	+0.0056%	1h	$47K	$923K	25x	as long as short
gTrade (Gains Network) TAO/USDshort	−0.099%	L +0.0004% / S −0.0004%	1h	$9K	—	150x
Popdex TAOUSDT	−0.097%	+0.0096%	1h	$49K	$451K	20x	as long as short
Binance TAOUSDT	−0.092%	+0.0100%	4h	$79.1M	$325.7M	75x	as long as short
Pacifica TAO	−0.083%	+0.0100%	1h	$332K	$369K	10x	as long as short
01 Exchange TAOUSD	−0.080%	+0.0408%	1h	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	−0.076%	+0.0100%	1h	$329K	$435K	10x	as long as short
RISEx TAO/USDC	−0.075%	+0.0553%	1h	$330K	$426K	5x	as long as short
Polymarket Perps TAO-USD	−0.073%	+0.0100%	1h	$76K	$1.0M	5x	as long as short
Aevo TAO-PERP	−0.056%	+0.0104%	1h	$158K	$998	3x	as long as short
Lighter TAO	−0.047%	+0.0552%	1h	$1.3M	$2.0M	5x	as long as short
Bybit TAOUSDT	−0.024%	+0.0100%	4h	$51.7M	$85.7M	50x	as long as short
Arcus TAO-USD	−0.007%	+0.0100%	1h	$123K	$569K	5x	as long as short
Hyperliquid TAOlong	0.000%	+0.0925%	1h	$80.0M	$52.5M	5x
Coinbase International TAO-PERP-INTX	+0.059%	+0.0920%	1h	$1.4M	$4.1M	50x	as long as short
Bulk TAO-USD	+0.633%	−0.1622%	1h	$151K	$0	10x	as long as short
Injective TAO/USDC PERP	+0.998%	+0.3912%	1h	$21K	$87K	12x	as long as short