Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0656%/8h= −71.8% APRnext payment $0.82 per $10,000 · paid last 24h −0.077%
Price spread now: gTrade (Gains Network) against Nado−0.211%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and gTrade (Gains Network) is 0.211% cheaper against Nado than usual: you would sell low and buy high (−$21 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado TAO-PERP312.680.0658pay 0.0082% / 1h57m 50s$776K$2.1M10x
ShortgTrade (Gains Network) TAO/USD312.02L +0.0004% / S −0.0002%get 0.0000% / 1h57m 50s$12K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Nado. 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

Funding earned
−$137.71
Price spread: −0.211% → 0.000%
−$21.09
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$175.8
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Nado: live order book, 1 min ago; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 1 min ago0.96 bp7.5 bp −$720.8 bp −$208doesn't fitdoesn'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 on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.1228%1h316.14+1.107%$168K$40K10xas long as short
dYdX TAO-USD0.0000%1h310.95−0.553%$124K$88K5xas long as short
gTrade (Gains Network) TAO/USDshortL +0.0004% / S −0.0002%1h312.02−0.211%$12K150x
Popdex TAOUSDT+0.0096%1h312.59−0.028%$44K$610K20xas long as short
Binance TAOUSDT+0.0100%4h311.63−0.335%$89.5M$454.8M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h311.60−0.345%$25.3M$108.1M50xas long as short
Gate TAO_USDT+0.0100%4h311.60−0.345%$12.6M$49.0M50xas long as short
MEXC TAO_USDT+0.0100%4h311.97−0.226%$99.9M$134.9M300xas long as short
KuCoin TAOUSDTM+0.0100%4h311.99−0.220%$18.3M$29.9M75xas long as short
Bitget TAOUSDT+0.0100%4h311.42−0.402%$34.7M$52.1M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h315.16+0.794%$40K$294K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h313.04+0.117%$522K$962K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h314.60+0.615%$48K$267K50xas long as short
Orderly PERP_TAO_USDC+0.0100%4h312.28−0.127%$57K$318K10xas long as short
SunX TAO-USDT+0.0100%4h312.04−0.204%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h312.35−0.105%$119K$446K20xas long as short
Aevo TAO-PERP+0.0104%1h312.04−0.203%$171K$9983xas long as short
Katana Perps TAO-USD+0.0118%8h312.19−0.156%$639$657K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0125%1h311.99−0.219%$16K$1.5M25xas long as short
Kraken Futures PF_TAOUSD+0.0169%1h311.96−0.229%$5.6M$20.3M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0171% / S +0.0110%1h312.10−0.184%$435K100xas long as short
Aster TAOUSDT+0.0173%4h311.67−0.321%$1.2M$9.0M50xas long as short
Bullet TAO-USD+0.0179%1h312.59−0.028%$12K$17K20xas long as short
Paradex TAO-USD-PERP+0.0233%8h311.67−0.324%$14K$1K10xas long as short
Polymarket Perps TAO-USD+0.0278%1h312.73+0.017%$91K$619K5xas long as short
Pacifica TAO+0.0285%1h311.74−0.300%$369K$373K10xas long as short
Arcus TAO-USD+0.0337%1h312.43−0.079%$83K$550K5xas long as short
BloFin TAO-USDT+0.0340%4h313.04+0.116%$4.4M$10.7M100xas long as short
Injective TAO/USDC PERP+0.0470%1h316.84+1.331%$23K$2K12xas long as short
Phoenix TAO+0.0525%1h313.80+0.359%$328K$620K5xas long as short
01 Exchange TAOUSD+0.0568%1h312.56−0.038%$3K$4K5xas long as short
Variational Omni TAO+0.0606%4h314.06+0.442%$5.4M$8.7Mas long as short
Nado TAO-PERPlong+0.0658%1h312.68long leg$776K$2.1M10x
Reya TAORUSDPERP+0.0696%1h312.61−0.021%$35920xas long as short
BingX TAO-USDT+0.0704%4h311.79−0.284%$30.7Mas long as short
Bybit TAOUSDT+0.0740%4h311.78−0.287%$63.5M$134.8M50xas long as short
Backpack TAO_USDC_PERP+0.0816%1h312.08−0.191%$315K$818K10xas long as short
Phemex TAOUSDT+0.0905%4h312.28−0.127%$3.4M$7.8M50xas long as short
Hyperliquid TAO+0.0990%1h311.94−0.236%$99.4M$92.2M5xas long as short
Coinbase International TAO-PERP-INTX+0.1024%1h312.42−0.082%$1.5M$6.4M50xas long as short
Extended TAO-USD+0.1048%1h311.87−0.258%$898K$2.4M25xas long as short
RISEx TAO/USDC+0.1132%1h312.27−0.129%$414K$602K5xas long as short
Lighter TAO+0.1328%1h312.44−0.077%$1.6M$6.0M5xas long as short