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

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 09:00 UTC−0.0613%/8h= −67.1% APRnext payment $0.77 per $10,000 · paid last 24h −0.133%
Price spread now: gTrade (Gains Network) against 01 Exchange−0.345%48s7-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 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and gTrade (Gains Network) is 0.345% cheaper against 01 Exchange than usual: you would sell low and buy high (−$35 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
Long01 Exchange TAOUSD319.800.0616pay 0.0077% / 1h21m 10s$3K$4K5x
ShortgTrade (Gains Network) TAO/USD318.70L +0.0004% / S −0.0003%get 0.0000% / 1h21m 10s$20K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against 01 Exchange. 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
−$128.68
Price spread: −0.345% → 0.000%
−$34.52
Slippage, 4 orders
no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$180.2
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: 01 Exchange: no order-book sample; 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 01 Exchange no order-book sample
Sell gTrade (Gains Network) no order-book sample
01 Exchange and 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
gTrade (Gains Network) TAO/USDshortL +0.0004% / S −0.0003%1h318.70−0.345%$20K150x
Popdex TAOUSDT+0.0096%1h319.27−0.166%$49K$699K20xas long as short
Bybit TAOUSDT+0.0100%4h319.38−0.131%$69.8M$155.1M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h319.30−0.156%$26.6M$131.0M50xas long as short
Bulk TAO-USD+0.0100%1h315.14−1.457%$167K$010xas long as short
Gate TAO_USDT+0.0100%4h319.10−0.219%$15.2M$50.1M50xas long as short
KuCoin TAOUSDTM+0.0100%4h319.35−0.141%$17.6M$32.4M75xas long as short
Bitget TAOUSDT+0.0100%4h319.04−0.238%$36.0M$57.1M50xas long as short
Polymarket Perps TAO-USD+0.0100%1h318.85−0.297%$88K$1.1M5xas long as short
SunX TAO-USDT+0.0100%4h319.29−0.159%$1K$1.9M20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX TAO-USDT+0.0100%4h319.10−0.219%$116K$573K20xas long as short
Phemex TAOUSDT+0.0100%4h319.17−0.197%$3.2M$8.1M50xas long as short
Katana Perps TAO-USD+0.0105%8h319.03−0.241%$2K$1.2M5xas long as short
Aevo TAO-PERP+0.0120%1h319.61−0.059%$176K$9983xas long as short
BingX TAO-USDT+0.0140%4h319.29−0.159%$38.8Mas long as short
edgeX TAOUSDC+0.0141%4h318.39−0.441%$42K$321K10xas long as short
MEXC TAO_USDT+0.0152%4h319.33−0.147%$110.0M$153.4M300xas long as short
Binance TAOUSDT+0.0161%4h319.42−0.119%$93.0M$523.7M75xas long as short
Orderly PERP_TAO_USDC+0.0231%4h319.65−0.047%$54K$293K10xas long as short
Paradex TAO-USD-PERP+0.0242%8h319.32−0.150%$14K$87610xas long as short
dYdX TAO-USD+0.0271%1h318.81−0.309%$128K$88K5xas long as short
ApeX Omni TAOUSDT+0.0282%1h318.62−0.369%$45K$257K50xas long as short
Bullet TAO-USD+0.0288%1h319.43−0.115%$12K$17K20xas long as short
Aster TAOUSDT+0.0327%4h319.70−0.031%$1.2M$11.1M50xas long as short
GRVT TAO_USDT_Perp+0.0332%4h317.64−0.675%$538K$838K10xas long as short
Pacifica TAO+0.0349%1h319.27−0.166%$368K$445K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0367% / S −0.0109%1h319.01−0.248%$378K100xas long as short
Extended TAO-USD+0.0400%1h319.50−0.094%$897K$2.3M25xas long as short
BloFin TAO-USDT+0.0401%4h319.50−0.094%$4.8M$10.9M100xas long as short
Arcus TAO-USD+0.0404%1h319.44−0.113%$101K$360K5xas long as short
Nado TAO-PERP+0.0443%1h319.17−0.196%$773K$2.0M10xas long as short
Hyperliquid TAO+0.0555%1h319.56−0.075%$94.8M$109.0M5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0578%1h319.61−0.061%$9K$1.9M25xas long as short
Phoenix TAO+0.0578%1h319.20−0.188%$321K$714K5xas long as short
Variational Omni TAO+0.0597%4h313.84−1.862%$5.5M$10.1Mas long as short
01 Exchange TAOUSDlong+0.0616%1h319.80long leg$3K$4K5x
Lighter TAO+0.0680%1h319.55−0.078%$1.6M$6.7M5xas long as short
Reya TAORUSDPERP+0.0698%1h319.19−0.191%$36720xas long as short
Backpack TAO_USDC_PERP+0.0730%1h319.64−0.050%$315K$1.0M10xas long as short
Kraken Futures PF_TAOUSD+0.0779%1h319.47−0.104%$6.1M$21.2M50xas long as short
RISEx TAO/USDC+0.0840%1h318.31−0.464%$453K$706K5xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h319.75−0.016%$1.1M$7.5M50xas long as short
Injective TAO/USDC PERP+0.3512%1h317.77−0.635%$23K$2K12xas long as short