Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against MEXC−0.102%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days+0.114%+$11 · spread now −0.102%, 7d avg −0.016%

Together, before fees+0.143%+$14 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: Gate is 0.086% cheaper against MEXC than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	313.42	0.0100	pay 0.0050% / 4h	2h 49m	$104.7M	$144.6M	300x
Short	Gate TAO_USDT	313.10	0.0100	get 0.0050% / 4h	2h 49m	$13.6M	$50.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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 MEXCbpFee GatebpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → −0.016%: −$8.57
Slippage, 4 orders: −$24.99
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$48.56
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Gate: live order book, 5 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 MEXC live order book, 5 min ago	0.16 bp	1.1 bp −$1	6.6 bp −$66	24.9 bp −$2,491	107.6 bp −$53.8K
Sell Gate live order book, 5 min ago	3.21 bp	15.7 bp −$16	39.3 bp −$393	66.5 bp −$6,646	112.3 bp −$56.1K

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
dYdX TAO-USD	0.0000%	1h	312.98	−0.139%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.05	−0.119%	$22K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	313.25	−0.054%	$641	$878K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.49	+0.021%	$89.6M	$505.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.50	+0.026%	$26.2M	$121.9M	50x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	313.10	−0.102%	$13.6M	$50.3M	50x
MEXC TAO_USDTlong	+0.0100%	4h	313.42	long leg	$104.7M	$144.6M	300x
KuCoin TAOUSDTM	+0.0100%	4h	313.41	−0.003%	$17.5M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.19	−0.073%	$35.3M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.14	−0.409%	$41K	$314K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.27	−0.048%	$81K	$908K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.15	−0.086%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.82	−0.191%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.37	−0.014%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	313.21	−0.067%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0132% / S +0.0137%	1h	313.01	−0.130%	$419K	—	100x	as long as short
Bulk TAO-USD	+0.0138%	1h	312.42	−0.318%	$166K	$333	10x	as long as short
Aster TAOUSDT	+0.0153%	4h	313.13	−0.092%	$1.3M	$10.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0224%	8h	313.48	+0.020%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0233%	1h	313.48	+0.018%	$357K	$419K	10x	as long as short
Popdex TAOUSDT	+0.0248%	1h	313.58	+0.051%	$49K	$662K	20x	as long as short
Nado TAO-PERP	+0.0254%	1h	313.33	−0.028%	$779K	$2.2M	10x	as long as short
ApeX Omni TAOUSDT	+0.0255%	1h	312.72	−0.223%	$46K	$255K	50x	as long as short
GRVT TAO_USDT_Perp	+0.0260%	4h	313.21	−0.065%	$532K	$942K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0304%	1h	313.18	−0.076%	$5.5M	$20.7M	50x	as long as short
Bullet TAO-USD	+0.0330%	1h	313.46	+0.013%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.62	+0.064%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0358%	4h	313.32	−0.032%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0371%	4h	313.10	−0.102%	$5.5M	$10.1M	—	as long as short
Phemex TAOUSDT	+0.0374%	4h	313.47	+0.016%	$3.1M	$7.9M	50x	as long as short
Bybit TAOUSDT	+0.0383%	4h	313.54	+0.038%	$67.9M	$151.3M	50x	as long as short
Extended TAO-USD	+0.0392%	1h	313.34	−0.025%	$901K	$2.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0427%	1h	313.20	−0.069%	$11K	$1.8M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	313.71	+0.093%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	313.30	−0.038%	$312K	$713K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.40	−0.008%	$360	—	20x	as long as short
Hyperliquid TAO	+0.0713%	1h	313.59	+0.054%	$91.7M	$108.4M	5x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	313.94	+0.166%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0806%	1h	313.51	+0.029%	$311K	$885K	10x	as long as short
Lighter TAO	+0.0920%	1h	313.57	+0.047%	$1.5M	$6.5M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	314.20	+0.249%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	313.51	+0.029%	$450K	$650K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	316.07	+0.846%	$23K	$2K	12x	as long as short