Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SunX against BingX−0.016%7-day average +0.003% · you buy dearer than you sell

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

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.005%−$1 · spread now −0.016%, 7d avg +0.003%

Together, before fees−0.005%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	315.66	0.0100	pay 0.0050% / 4h	1m 44s	—	$30.5M	—
Short	SunX TAO-USDT	315.61	0.0100	get 0.0050% / 4h	1m 44s	$1K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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 BingXbpFee SunXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → +0.003%: −$1.9
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$19.9
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 12 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 BingX live order book, 12 min ago	1.45 bp	7.2 bp −$7	13.0 bp −$130	27.1 bp −$2,715	66.3 bp −$33.2K
Sell SunX live order book, 4 min ago	500.18 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	−0.2086%	1h	311.96	−1.172%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.26	−0.128%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.55	−0.034%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	315.12	−0.171%	$23K	$374	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.77	+0.035%	$39K	$568K	20x	as long as short
Pacifica TAO	+0.0100%	1h	315.63	−0.008%	$373K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.48	−0.057%	$89.5M	$431.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	316.03	+0.117%	$65.0M	$128.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.70	+0.013%	$25.4M	$103.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.40	−0.082%	$12.6M	$50.7M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	315.74	+0.025%	$111.6M	$132.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.50	−0.051%	$18.8M	$28.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.39	−0.086%	$35.3M	$47.7M	50x	as long as short
BingX TAO-USDTlong	+0.0100%	4h	315.66	long leg	—	$30.5M	—
edgeX TAOUSDC	+0.0100%	4h	313.07	−0.821%	$41K	$281K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.90	−0.875%	$524K	$952K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.33	−1.055%	$47K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.85	+0.060%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.72	+0.019%	$61K	$276K	10x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	315.61	−0.016%	$1K	$1.8M	20x
HTX TAO-USDT	+0.0100%	4h	315.47	−0.060%	$129K	$422K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.87	+0.067%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.23	+0.182%	$174K	$998	3x	as long as short
Polymarket Perps TAO-USD	+0.0111%	1h	315.94	+0.089%	$77K	$450K	5x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	315.60	−0.019%	$1K	$577K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	315.57	−0.030%	$450K	—	100x	as long as short
Aster TAOUSDT	+0.0178%	4h	315.60	−0.019%	$1.1M	$7.9M	50x	as long as short
Arcus TAO-USD	+0.0186%	1h	315.88	+0.070%	$83K	$545K	5x	as long as short
Paradex TAO-USD-PERP	+0.0197%	8h	315.38	−0.088%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0220%	4h	312.31	−1.060%	$3.9M	$7.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.59	−0.022%	$4.4M	$10.6M	100x	as long as short
Nado TAO-PERP	+0.0431%	1h	315.72	+0.020%	$857K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0443%	1h	315.89	+0.074%	$25K	$1.5M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0444%	1h	316.13	+0.150%	$5.8M	$19.9M	50x	as long as short
Phoenix TAO	+0.0537%	1h	315.70	+0.013%	$330K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0546%	1h	315.95	+0.092%	$314K	$813K	10x	as long as short
01 Exchange TAOUSD	+0.0592%	1h	316.01	+0.111%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	315.77	+0.036%	$363	—	20x	as long as short
Extended TAO-USD	+0.0888%	1h	315.55	−0.035%	$926K	$2.2M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	317.76	+0.665%	$1.5M	$5.9M	50x	as long as short
Lighter TAO	+0.1184%	1h	315.92	+0.083%	$1.7M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	315.63	−0.010%	$418K	$584K	5x	as long as short
Hyperliquid TAO	+0.1586%	1h	315.87	+0.067%	$99.0M	$84.9M	5x	as long as short