Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Binance−0.212%7-day average −0.005% · you buy dearer than you sell

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

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 4 days (all we have)+0.361%+$36 · spread now −0.212%, 7d avg −0.005%

Together, before fees+0.443%+$44 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.207% cheaper against Binance than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	321.32	0.0100	pay 0.0050% / 4h	1h 37m	$93.1M	$473.6M	75x
Short	SunX TAO-USDT	320.64	0.0100	get 0.0050% / 4h	1h 37m	$1K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now −0.212%Rate

Funding earned: $0
Price spread: −0.212% → −0.005%: −$20.68
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$38.68
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 7 min ago; SunX: live order book, 9 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 Binance live order book, 7 min ago	0.16 bp	8.5 bp −$9	19.0 bp −$190	42.2 bp −$4,219	doesn't fit
Sell SunX live order book, 9 min ago	500.26 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
Bulk TAO-USD	−0.3652%	1h	316.49	−1.504%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.87	−0.452%	$128K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	320.43	−0.278%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.74	−0.181%	$45K	$657K	20x	as long as short
Binance TAOUSDTlong	+0.0100%	4h	321.32	long leg	$93.1M	$473.6M	75x
OKX TAO-USDT-SWAP	+0.0100%	8h	321.30	−0.007%	$26.4M	$117.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.90	−0.131%	$13.1M	$49.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	321.25	−0.022%	$109.6M	$139.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.82	−0.156%	$18.1M	$30.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	321.06	−0.081%	$35.8M	$54.0M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	319.73	−0.495%	$36K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.70	−0.193%	$88K	$789K	5x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	320.64	−0.212%	$1K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	320.50	−0.256%	$130K	$479K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	321.10	−0.069%	$3.5M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	321.02	−0.092%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0106%	4h	320.91	−0.128%	$58K	$281K	10x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	320.61	−0.221%	$681	$759K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0163% / S +0.0106%	1h	320.42	−0.281%	$435K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0238%	4h	319.35	−0.615%	$531K	$957K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0245%	1h	320.86	−0.145%	$5.7M	$20.5M	50x	as long as short
Bullet TAO-USD	+0.0305%	1h	320.71	−0.190%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0322%	8h	320.56	−0.237%	$15K	$1K	10x	as long as short
Aster TAOUSDT	+0.0335%	4h	320.83	−0.151%	$1.2M	$9.3M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	321.38	+0.018%	$4.5M	$10.7M	100x	as long as short
Pacifica TAO	+0.0448%	1h	320.40	−0.286%	$378K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	320.50	−0.256%	$335K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	320.95	−0.116%	$101K	$489K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0513%	1h	320.89	−0.135%	$17K	$1.6M	25x	as long as short
Nado TAO-PERP	+0.0545%	1h	320.89	−0.133%	$778K	$2.1M	10x	as long as short
BingX TAO-USDT	+0.0608%	4h	321.25	−0.022%	—	$30.3M	—	as long as short
Bybit TAOUSDT	+0.0613%	4h	321.32	0.000%	$68.6M	$140.6M	50x	as long as short
ApeX Omni TAOUSDT	+0.0686%	1h	319.20	−0.660%	$47K	$254K	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	320.79	−0.166%	$369	—	20x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	320.82	−0.156%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0878%	4h	320.22	−0.343%	$5.9M	$9.7M	—	as long as short
Lighter TAO	+0.0888%	1h	321.24	−0.024%	$1.6M	$6.3M	5x	as long as short
Extended TAO-USD	+0.0912%	1h	320.74	−0.182%	$939K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.1015%	1h	321.59	+0.084%	$442K	$860K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	321.24	−0.025%	$1.5M	$6.6M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	320.76	−0.175%	$456K	$628K	5x	as long as short
Hyperliquid TAO	+0.1378%	1h	321.49	+0.053%	$101.0M	$98.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	+0.638%	$24K	$2K	12x	as long as short