Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.002%

Price spread now: SunX against Aevo−0.128%7-day average −0.044% · you buy dearer than you sell

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

Long on Aevo Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.128%, 7d avg −0.044%

Together, before fees+0.133%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.084% cheaper against Aevo than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.044%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	316.30	0.0120	pay 0.0015% / 1h	52m 09s	$174K	$998	3x
Short	SunX TAO-USDT	315.89	0.0100	get 0.0050% / 4h	3h 52m	$1K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aevo. 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 AevobpFee SunXbpOrdersPrice spread, now −0.128%Rate

Funding earned: −$4.2
Price spread: −0.128% → −0.044%: −$8.44
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$36.64
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 47 min ago; SunX: live order book, 4 min ago. 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 Aevo live order book, 47 min ago	53.11 bp	63.2 bp −$63	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 4 min ago	500.14 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	315.63	−0.209%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.82	+0.166%	$49K	$718K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	316.63	+0.106%	$1K	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.50	+0.065%	$26.3M	$130.8M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.09	+0.251%	$168K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.10	−0.062%	$14.8M	$49.0M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.19	−0.033%	$17.8M	$32.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.14	−0.049%	$35.6M	$57.7M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.18	−0.035%	$541K	$887K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.37	+0.024%	$87K	$1.2M	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-USDTshort	+0.0100%	4h	315.89	−0.128%	$1K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	316.14	−0.049%	$116K	$589K	20x	as long as short
ApeX Omni TAOUSDT	+0.0101%	1h	315.82	−0.150%	$45K	$259K	50x	as long as short
Aevo TAO-PERPlong	+0.0120%	1h	316.30	long leg	$174K	$998	3x
dYdX TAO-USD	+0.0122%	1h	316.17	−0.040%	$127K	$86K	5x	as long as short
MEXC TAO_USDT	+0.0164%	4h	316.16	−0.043%	$103.9M	$151.3M	300x	as long as short
Binance TAOUSDT	+0.0166%	4h	316.48	+0.060%	$92.6M	$531.6M	75x	as long as short
edgeX TAOUSDC	+0.0172%	4h	315.95	−0.110%	$42K	$320K	10x	as long as short
BingX TAO-USDT	+0.0176%	4h	316.23	−0.021%	—	$37.3M	—	as long as short
Orderly PERP_TAO_USDC	+0.0197%	4h	316.26	−0.011%	$54K	$299K	10x	as long as short
Paradex TAO-USD-PERP	+0.0251%	8h	316.31	+0.006%	$14K	$876	10x	as long as short
Bullet TAO-USD	+0.0293%	1h	316.58	+0.090%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0323%	4h	316.28	−0.004%	$1.3M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	316.41	+0.038%	$371K	$454K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0366% / S −0.0107%	1h	316.15	−0.045%	$372K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0373%	1h	316.13	−0.054%	$15K	$1.9M	25x	as long as short
Extended TAO-USD	+0.0384%	1h	316.07	−0.072%	$899K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0404%	1h	316.83	+0.169%	$100K	$377K	5x	as long as short
BloFin TAO-USDT	+0.0405%	4h	316.62	+0.103%	$4.8M	$10.9M	100x	as long as short
Nado TAO-PERP	+0.0564%	1h	316.82	+0.165%	$777K	$2.0M	10x	as long as short
Hyperliquid TAO	+0.0573%	1h	316.48	+0.057%	$93.6M	$109.5M	5x	as long as short
Phoenix TAO	+0.0578%	1h	318.30	+0.634%	$320K	$714K	5x	as long as short
Variational Omni TAO	+0.0589%	4h	316.63	+0.107%	$5.6M	$10.1M	—	as long as short
Lighter TAO	+0.0648%	1h	316.39	+0.030%	$1.6M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	317.15	+0.270%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	316.52	+0.072%	$364	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0787%	1h	316.21	−0.026%	$5.9M	$21.3M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0823%	1h	316.40	+0.033%	$316K	$1.0M	10x	as long as short
RISEx TAO/USDC	+0.0840%	1h	316.76	+0.149%	$449K	$668K	5x	as long as short
Bybit TAOUSDT	+0.0881%	4h	316.46	+0.052%	$69.7M	$156.3M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	317.34	+0.330%	$1.2M	$7.3M	50x	as long as short
Phemex TAOUSDT	+0.1184%	4h	316.33	+0.011%	$3.2M	$8.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	321.91	+1.775%	$23K	$2K	12x	as long as short