Settings8H · net · $10k
Funding arb · Price arb /

TAO

all TAO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC−0.0908%/8h= −99.4% APRpaid last 24h −0.242%
Price spread now: SunX against Coinbase International−0.085%7-day average −0.188% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days−0.534%−$53 on $10k
Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.085%, 7d avg −0.188%
Together, before fees−0.539%−$54 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.102% dearer against Coinbase International than usual: you sell high and buy low (spread −0.085% now, against its 7-day average of −0.188%): +$10 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.534% in total) that is about 32 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.534% in total (about -27.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongCoinbase International TAO-PERP-INTX316.380.1008pay 0.0126% / 1h44m 26s$1.5M$6.6M50x
ShortSunX TAO-USDT316.110.0100get 0.0050% / 4h44m 26s$1K$1.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Coinbase International. 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

Funding earned
−$190.68
Price spread: −0.085% → −0.188%
$10.23
Slippage, 4 orders
no order book: not counted
Fee Coinbase International: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$198.45
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Coinbase International: live order book, 5 min ago; SunX: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Coinbase International live order book, 5 min ago9.04 bp14.0 bp −$1414.9 bp −$149doesn't fitdoesn't fit
Sell SunX live order book, 2 min ago500.22 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.0482%1h315.13−0.395%$167K$1K10xas long as short
dYdX TAO-USD0.0000%1h315.83−0.174%$126K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h315.94−0.138%$20K150xas long as short
Kraken Futures PF_TAOUSD+0.0056%1h315.97−0.131%$5.6M$20.6M50xas long as short
Popdex TAOUSDT+0.0096%1h316.25−0.041%$42K$686K20xas long as short
Binance TAOUSDT+0.0100%4h316.26−0.038%$91.2M$489.8M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h316.00−0.120%$26.0M$119.7M50xas long as short
Gate TAO_USDT+0.0100%4h315.80−0.183%$12.9M$49.5M50xas long as short
MEXC TAO_USDT+0.0100%4h316.22−0.051%$105.7M$142.3M300xas long as short
KuCoin TAOUSDTM+0.0100%4h316.09−0.092%$17.6M$31.6M75xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TAOUSDT+0.0100%4h315.79−0.186%$35.3M$55.8M50xas long as short
edgeX TAOUSDC+0.0100%4h315.77−0.193%$35K$304K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h315.84−0.171%$46K$252K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h316.02−0.114%$89K$790K5xas long as short
Bullet TAO-USD+0.0100%1h316.27−0.035%$12K$18K20xas long as short
SunX TAO-USDTshort+0.0100%4h316.11−0.085%$1K$1.9M20x
HTX TAO-USDT+0.0100%4h315.84−0.171%$109K$527K20xas long as short
Phemex TAOUSDT+0.0100%4h315.90−0.152%$3.2M$8.1M50xas long as short
Katana Perps TAO-USD+0.0101%8h315.84−0.171%$647$785K5xas long as short
Aevo TAO-PERP+0.0104%1h315.98−0.125%$174K$9983xas long as short
GRVT TAO_USDT_Perp+0.0106%4h314.83−0.489%$524K$944K10xas long as short
Orderly PERP_TAO_USDC+0.0125%4h316.03−0.111%$57K$275K10xas long as short
Bybit TAOUSDT+0.0145%4h316.23−0.047%$68.8M$146.5M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0152% / S +0.0116%1h315.99−0.124%$429K100xas long as short
BingX TAO-USDT+0.0184%4h316.10−0.089%$30.1Mas long as short
Paradex TAO-USD-PERP+0.0192%8h315.91−0.148%$14K$1K10xas long as short
Nado TAO-PERP+0.0194%1h316.09−0.091%$808K$2.2M10xas long as short
Aster TAOUSDT+0.0221%4h316.19−0.060%$1.2M$10.1M50xas long as short
01 Exchange TAOUSD+0.0224%1h316.44+0.019%$3K$4K5xas long as short
Hyperliquid TAO+0.0269%1h316.36−0.006%$94.2M$105.1M5xas long as short
Backpack TAO_USDC_PERP+0.0309%1h316.07−0.098%$317K$910K10xas long as short
Extended TAO-USD+0.0328%1h316.26−0.037%$922K$2.4M25xas long as short
BloFin TAO-USDT+0.0340%4h316.23−0.047%$4.5M$10.9M100xas long as short
Arcus TAO-USD+0.0345%1h316.53+0.047%$100K$488K5xas long as short
Pacifica TAO+0.0365%1h316.04−0.107%$362K$409K10xas long as short
Lighter TAO+0.0416%1h316.23−0.047%$1.5M$6.5M5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0490%1h316.14−0.075%$11K$1.6M25xas long as short
Phoenix TAO+0.0581%1h316.10−0.089%$315K$697K5xas long as short
Variational Omni TAO+0.0641%4h315.94−0.140%$5.8M$9.8Mas long as short
Reya TAORUSDPERP+0.0696%1h316.15−0.073%$36420xas long as short
RISEx TAO/USDC+0.0991%1h316.30−0.025%$437K$658K5xas long as short
Coinbase International TAO-PERP-INTXlong+0.1008%1h316.38long leg$1.5M$6.6M50x
Injective TAO/USDC PERP+0.4222%1h319.61+1.021%$23K$2K12xas long as short