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Price arb /

TAO

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Spread before costs (cost unknown: a leg has no order-book sample)+0.075%
7d average−0.005%if it closes, per $10,000$8funding while held, a day+$2.80
Long on MEXCShort on GMX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC TAO_USDT284.540.0100pay 0.0050% / 4h2h 30m$114.7M$89.1M300x
ShortGMX TAO/USD [WBTC.b-USDC]284.75L +0.0473% / S −0.0193%get 0.0024% / 1h30m 27s$426K—100x

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 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$7.53
Funding while held
$2.8
Slippage, 4 orders
no order book: not counted
Fee MEXC: 0 bp × 2 orders
$0
Fee GMX: 6 bp × 2 orders
−$12
Net
−$1.67
Spread needed to break even
0.120%
Slippage unknown: MEXC: live order book, 5 min ago; GMX: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0093%
Per $10,000 a day
+$2.80
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy MEXC live order book, 5 min ago0.52 bp1.0 bp −$15.1 bp −$5126.6 bp −$2,65888.9 bp −$44.4K
Sell GMX no order-book sample—————
GMX: 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.
gTrade (Gains Network)284.51cheapest
MEXC284.54+0.011%
KuCoin284.56+0.018%Katana Perps284.57+0.022%Bullet284.57+0.022%Extended284.60+0.032%OKX284.60+0.032%Bitget284.60+0.032%Reya284.61+0.034%Aster284.69+0.063%Popdex284.69+0.064%Binance284.69+0.065%Backpack284.70+0.067%
GMX284.75+0.087%
Nado284.78+0.095%RISEx284.78+0.095%Gate284.80+0.103%Bybit284.85+0.120%dYdX284.90+0.138%BingX284.90+0.138%01 Exchange284.94+0.152%Polymarket Perps284.94+0.152%Paradex284.94+0.153%Phemex285.00+0.173%Pacifica285.05+0.192%Aevo285.10+0.209%Orderly285.13+0.219%Hyperliquid285.16+0.229%Deribit285.19+0.239%SunX285.19+0.240%Arcus285.23+0.254%edgeX285.27+0.266%BloFin285.29+0.275%Kraken Futures285.30+0.279%Variational Omni285.38+0.306%ApeX Omni285.43+0.324%Lighter285.45+0.331%Phoenix285.60+0.384%HTX285.60+0.384%Bulk286.52+0.707%Coinbase International286.88+0.834%Injective287.24+0.960%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) TAO/USD−0.011%L +0.0004% / S −0.0011%1h$17K—150xas long as short
MEXC TAO_USDTlong0.000%+0.0100%4h$114.7M$89.1M300x
KuCoin TAOUSDTM+0.007%+0.0100%4h$16.9M$17.1M75xas long as short
Katana Perps TAO-USD+0.011%+0.0100%8h$2K$241K5xas long as short
Bullet TAO-USD+0.011%+0.0100%1h$11K$18K20xas long as short
Extended TAO-USD+0.021%+0.0104%1h$745K$1.0M25xas long as short
OKX TAO-USDT-SWAP+0.021%+0.0100%8h$23.1M$63.1M50xas long as short
Bitget TAOUSDT+0.021%+0.0100%4h$32.1M$33.1M50xas long as short
Reya TAORUSDPERP+0.023%+0.0691%1h$327—20xas long as short
Aster TAOUSDT+0.052%+0.0506%4h$2.1M$3.8M50xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Popdex TAOUSDT+0.053%+0.0096%1h$36K$440K20xas long as short
Binance TAOUSDT+0.054%+0.0100%4h$81.4M$297.5M75xas long as short
Backpack TAO_USDC_PERP+0.056%+0.0100%1h$286K$264K10xas long as short
GMX TAO/USD [WBTC.b-USDC]short+0.075%L +0.0473% / S −0.0193%1h$426K—100x
Nado TAO-PERP+0.083%+0.0340%1h$1.1M$1.1M10xas long as short
RISEx TAO/USDC+0.084%+0.0523%1h$315K$386K5xas long as short
Gate TAO_USDT+0.091%+0.0058%4h$11.2M$43.3M50xas long as short
Bybit TAOUSDT+0.109%+0.0100%4h$51.5M$76.9M50xas long as short
dYdX TAO-USD+0.127%+0.0038%1h$73K$54K5xas long as short
BingX TAO-USDT+0.127%+0.0100%4h—$27.5M—as long as short
01 Exchange TAOUSD+0.141%+0.0304%1h$5K$4K5xas long as short
Polymarket Perps TAO-USD+0.141%+0.0100%1h$74K$1.2M5xas long as short
Paradex TAO-USD-PERP+0.142%+0.0102%8h$13K$37610xas long as short
Phemex TAOUSDT+0.162%+0.0100%4h$3.0M$7.7M50xas long as short
Pacifica TAO+0.181%+0.0100%1h$343K$349K10xas long as short
Aevo TAO-PERP+0.198%+0.0104%1h$158K—3xas long as short
Orderly PERP_TAO_USDC+0.207%+0.0100%4h$51K$145K10xas long as short
Hyperliquid TAO+0.218%+0.0728%1h$76.7M$44.8M5xas long as short
Deribit TAO_USDC-PERPETUAL+0.228%0.0000%1h$15K$860K25xas long as short
SunX TAO-USDT+0.228%+0.0100%4h$2K$1.5M20xas long as short
Arcus TAO-USD+0.242%+0.0100%1h$134K$538K5xas long as short
edgeX TAOUSDC+0.255%+0.0100%4h$32K$284K10xas long as short
BloFin TAO-USDT+0.264%+0.0340%4h$4.1M$6.7M100xas long as short
Kraken Futures PF_TAOUSD+0.268%+0.0468%1h$5.3M$12.4M50xas long as short
Variational Omni TAO+0.295%+0.0100%4h$3.4M$4.2M—as long as short
ApeX Omni TAOUSDT+0.313%+0.0100%1h$45K$264K50xas long as short
Lighter TAO+0.320%+0.0232%1h$1.3M$1.6M5xas long as short
Phoenix TAO+0.373%+0.0417%1h$317K$134K5xas long as short
HTX TAO-USDT+0.373%+0.0100%4h$119K$289K20xas long as short
Bulk TAO-USD+0.696%−0.0079%1h$150K$3K10xas long as short
Coinbase International TAO-PERP-INTX+0.822%+0.1008%1h$1.5M$4.2M50xas long as short
Injective TAO/USDC PERP+0.949%+0.1683%1h$21K$163K12xas long as short