Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.332%

Price spread now: SunX against Bulk+0.249%7-day average +0.099% · you sell dearer than you buy

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

Long on Bulk Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.381%+$38 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.249%, 7d avg +0.099%

Together, before fees+0.329%+$33 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 0.150% dearer against Bulk than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.099%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk TAO-USD	317.09	0.0100	pay 0.0013% / 1h	57m 34s	$168K	$0	10x
Short	SunX TAO-USDT	317.88	0.0100	get 0.0050% / 4h	3h 57m	$1K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bulk. 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 BulkbpFee SunXbpOrdersPrice spread, now +0.249%Rate

Funding earned: $0
Price spread: +0.249% → +0.099%: $15.02
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: $0.02
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Bulk: live order book, 41 min ago; SunX: live order book, 8 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 Bulk live order book, 41 min ago	0.16 bp	3.9 bp −$4	4.0 bp −$40	4.0 bp −$397	doesn't fit
Sell SunX live order book, 8 min ago	500.17 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
Phemex TAOUSDT	−0.0614%	4h	317.83	+0.233%	$3.2M	$8.1M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	317.92	+0.262%	$128K	$86K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.82	+0.230%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.27	+0.372%	$49K	$718K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	317.97	+0.278%	$651	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.20	+0.350%	$26.5M	$131.7M	50x	as long as short
Bulk TAO-USDlong	+0.0100%	1h	317.09	long leg	$168K	$0	10x
Gate TAO_USDT	+0.0100%	4h	317.90	+0.255%	$14.8M	$48.8M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.11	+0.322%	$17.9M	$32.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.87	+0.246%	$35.8M	$57.8M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	318.00	+0.287%	$87K	$1.2M	5x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	317.88	+0.249%	$1K	$2.0M	20x
HTX TAO-USDT	+0.0100%	4h	317.69	+0.189%	$116K	$590K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0102% / S +0.0141%	1h	317.74	+0.206%	$405K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.26	+0.367%	$175K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0157%	1h	317.94	+0.268%	$46K	$259K	50x	as long as short
Bullet TAO-USD	+0.0173%	1h	317.80	+0.224%	$12K	$17K	20x	as long as short
MEXC TAO_USDT	+0.0174%	4h	318.21	+0.353%	$104.4M	$151.1M	300x	as long as short
Binance TAOUSDT	+0.0175%	4h	318.22	+0.356%	$93.1M	$532.6M	75x	as long as short
edgeX TAOUSDC	+0.0178%	4h	317.94	+0.269%	$42K	$319K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0187%	4h	317.95	+0.271%	$52K	$295K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0224%	4h	318.19	+0.345%	$545K	$887K	10x	as long as short
Bybit TAOUSDT	+0.0244%	4h	318.36	+0.401%	$70.0M	$157.0M	50x	as long as short
Paradex TAO-USD-PERP	+0.0249%	8h	318.33	+0.392%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0280%	4h	318.25	+0.366%	—	$37.3M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0287%	1h	318.02	+0.292%	$15K	$1.9M	25x	as long as short
Aster TAOUSDT	+0.0330%	4h	318.17	+0.341%	$1.3M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	318.36	+0.401%	$373K	$454K	10x	as long as short
Extended TAO-USD	+0.0352%	1h	318.10	+0.319%	$904K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0360%	1h	318.20	+0.349%	$778K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0404%	1h	318.44	+0.426%	$100K	$377K	5x	as long as short
BloFin TAO-USDT	+0.0417%	4h	318.13	+0.328%	$4.8M	$11.0M	100x	as long as short
Hyperliquid TAO	+0.0432%	1h	318.37	+0.404%	$94.1M	$110.3M	5x	as long as short
Variational Omni TAO	+0.0581%	4h	318.88	+0.565%	$5.6M	$10.1M	—	as long as short
01 Exchange TAOUSD	+0.0592%	1h	318.50	+0.445%	$3K	$4K	5x	as long as short
Phoenix TAO	+0.0629%	1h	318.30	+0.382%	$320K	$714K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.08	+0.312%	$366	—	20x	as long as short
Lighter TAO	+0.0720%	1h	318.52	+0.451%	$1.6M	$6.6M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0783%	1h	317.91	+0.258%	$6.0M	$21.7M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0832%	1h	317.71	+0.196%	$434K	$992K	10x	as long as short
RISEx TAO/USDC	+0.0840%	1h	318.26	+0.368%	$447K	$669K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	318.18	+0.344%	$1.2M	$7.3M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	322.44	+1.687%	$23K	$2K	12x	as long as short