Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against OKX+0.112%7-day average — · you sell dearer than you buy

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

Long on OKX Short on gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.112% dearer against OKX than usual: you sell high and buy low (spread +0.112% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TAO-USDT-SWAP	320.60	0.0100	pay 0.0100% / 8h	1h 52m	$26.6M	$129.1M	50x
Short	gTrade (Gains Network) TAO/USD	320.96	L +0.0004% / S −0.0004%	get 0.0001% / 1h	52m 06s	$21K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against OKX. 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 OKXbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.112%Rate

Funding earned: −$20.15
Price spread: +0.112% → 0.000%: $11.23
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$28.92
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy OKX live order book, 2 min ago	1.56 bp	10.7 bp −$11	17.6 bp −$176	68.9 bp −$6,889	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 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	−0.2101%	1h	320.87	+0.084%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	320.75	+0.045%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USDshort	L +0.0004% / S −0.0004%	1h	320.96	+0.112%	$21K	—	150x
Popdex TAOUSDT	+0.0096%	1h	321.41	+0.253%	$40K	$694K	20x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	320.60	long leg	$26.6M	$129.1M	50x
Gate TAO_USDT	+0.0100%	4h	320.40	−0.062%	$14.2M	$51.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.84	+0.075%	$17.6M	$31.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.43	−0.053%	$36.1M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	324.34	+1.167%	$47K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	321.25	+0.203%	$78K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	320.81	+0.066%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.97	+0.115%	$118K	$584K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	320.86	+0.081%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	321.24	+0.200%	$729	$985K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0119%	4h	321.07	+0.147%	$53K	$292K	10x	as long as short
Aevo TAO-PERP	+0.0120%	1h	321.14	+0.169%	$176K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0123% / S +0.0155%	1h	320.92	+0.100%	$434K	—	100x	as long as short
MEXC TAO_USDT	+0.0146%	4h	321.14	+0.168%	$105.2M	$149.2M	300x	as long as short
Binance TAOUSDT	+0.0148%	4h	320.74	+0.044%	$93.6M	$524.8M	75x	as long as short
edgeX TAOUSDC	+0.0158%	4h	322.15	+0.485%	$43K	$316K	10x	as long as short
Paradex TAO-USD-PERP	+0.0266%	8h	320.98	+0.120%	$15K	$1K	10x	as long as short
Aster TAOUSDT	+0.0301%	4h	320.66	+0.019%	$1.3M	$10.9M	50x	as long as short
Bullet TAO-USD	+0.0370%	1h	321.40	+0.250%	$12K	$17K	20x	as long as short
BingX TAO-USDT	+0.0379%	4h	320.64	+0.012%	—	$34.3M	—	as long as short
Bybit TAOUSDT	+0.0380%	4h	320.70	+0.031%	$70.0M	$155.6M	50x	as long as short
BloFin TAO-USDT	+0.0388%	4h	320.87	+0.084%	$4.7M	$11.1M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0434%	4h	321.38	+0.242%	$548K	$937K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	320.98	+0.117%	$914K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0506%	4h	323.50	+0.904%	$5.7M	$10.1M	—	as long as short
Pacifica TAO	+0.0525%	1h	321.08	+0.148%	$365K	$422K	10x	as long as short
Phoenix TAO	+0.0567%	1h	324.40	+1.185%	$323K	$709K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0599%	1h	320.80	+0.062%	$319K	$899K	10x	as long as short
Hyperliquid TAO	+0.0612%	1h	320.83	+0.072%	$94.8M	$109.8M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0623%	1h	321.10	+0.155%	$14K	$1.9M	25x	as long as short
Nado TAO-PERP	+0.0633%	1h	321.28	+0.211%	$803K	$2.2M	10x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	321.48	+0.274%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	321.45	+0.265%	$103K	$394K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	321.46	+0.269%	$370	—	20x	as long as short
Lighter TAO	+0.0864%	1h	321.39	+0.246%	$1.5M	$6.6M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.95	+0.421%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	321.29	+0.214%	$463K	$665K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1149%	1h	321.22	+0.195%	$6.1M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	328.25	+2.386%	$24K	$2K	12x	as long as short