Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0131%/8h= −14.4% APRpaid last 24h −0.013%

Price spread now: SunX against Arcus−0.260%7-day average −0.079% · you buy dearer than you sell

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

Long on Arcus Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.247%+$25 · spread now −0.260%, 7d avg −0.079%

Together, before fees+0.227%+$23 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and SunX is 0.181% cheaper against Arcus than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.079%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	311.47	0.0231	pay 0.0029% / 1h	2m 50s	$101K	$369K	5x
Short	SunX TAO-USDT	310.66	0.0100	get 0.0050% / 4h	3h 02m	$2K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Arcus. 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 ArcusbpFee SunXbpOrdersPrice spread, now −0.260%Rate

Funding earned: −$27.56
Price spread: −0.260% → −0.079%: −$18.13
Slippage, 4 orders: no order book: not counted
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$58.2
Costs to cover: 0.125%
Break-even: never at this rate

Slippage unknown: Arcus: live order book, 51 min ago; SunX: live order book, 3 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 Arcus live order book, 51 min ago	5.09 bp	14.4 bp −$14	26.6 bp −$266	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	500.09 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
Kraken Futures PF_TAOUSD	−0.0349%	1h	310.75	−0.231%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.73	−0.238%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0018%	1h	310.95	−0.167%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.08	−0.125%	$48K	$661K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	310.91	−0.180%	$2K	$862K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.24	−0.074%	$354K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.07	−0.128%	$88.8M	$503.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.10	−0.119%	$25.9M	$120.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.80	−0.215%	$13.3M	$50.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.03	−0.141%	$103.0M	$145.9M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	310.83	−0.205%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.80	−0.215%	$35.0M	$56.7M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.13	+0.211%	$41K	$314K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.06	+0.189%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.06	−0.132%	$81K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.17	−0.096%	$12K	$17K	20x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	310.66	−0.260%	$2K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	310.54	−0.299%	$110K	$542K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.97	−0.161%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0112%	4h	310.84	−0.201%	$1.3M	$10.5M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0114%	4h	311.90	+0.138%	$530K	$942K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	310.98	−0.157%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0134% / S +0.0137%	1h	310.77	−0.225%	$413K	—	100x	as long as short
Phemex TAOUSDT	+0.0137%	4h	310.82	−0.209%	$3.1M	$8.0M	50x	as long as short
Paradex TAO-USD-PERP	+0.0175%	8h	311.10	−0.119%	$14K	$1K	10x	as long as short
Arcus TAO-USDlong	+0.0231%	1h	311.47	long leg	$101K	$369K	5x
BingX TAO-USDT	+0.0256%	4h	311.05	−0.135%	—	$33.8M	—	as long as short
Bybit TAOUSDT	+0.0282%	4h	311.11	−0.116%	$67.3M	$150.9M	50x	as long as short
Nado TAO-PERP	+0.0311%	1h	311.18	−0.092%	$785K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0312%	1h	310.98	−0.157%	$908K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0338%	4h	312.45	+0.315%	$5.5M	$10.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	310.93	−0.173%	$4.5M	$10.7M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0439%	1h	310.84	−0.203%	$12K	$1.8M	25x	as long as short
Phoenix TAO	+0.0457%	1h	312.40	+0.299%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0461%	1h	311.19	−0.088%	$91.2M	$108.1M	5x	as long as short
Bulk TAO-USD	+0.0468%	1h	310.75	−0.231%	$165K	$333	10x	as long as short
Backpack TAO_USDC_PERP	+0.0478%	1h	310.90	−0.183%	$309K	$885K	10x	as long as short
01 Exchange TAOUSD	+0.0496%	1h	311.34	−0.042%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0592%	1h	311.28	−0.060%	$1.5M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.15	−0.104%	$358	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.11	−0.117%	$441K	$647K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.95	+0.154%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.73	+1.368%	$23K	$2K	12x	as long as short