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 edgeX+0.445%46s7-day average +0.013% · you sell dearer than you buy

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

Long on edgeX 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)−0.343%−$34 · spread now +0.445%, 7d avg +0.013%

Together, before fees−0.260%+ Points / potential airdropedgeX: Active · farm board−$26 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 0.432% dearer against edgeX than usual: you sell high and buy low, +$43 on $10k if it goes back to its 7-day average of +0.013%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TAOUSDC	322.54	0.0100	pay 0.0050% / 4h	1h 33m	$36K	$302K	10x
Short	SunX TAO-USDT	323.98	0.0100	get 0.0050% / 4h	1h 33m	$2K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against edgeX. 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 edgeXbpFee SunXbpOrdersPrice spread, now +0.445%Rate

Funding earned: $0
Price spread: +0.445% → +0.013%: $43.16
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: $26.16
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: edgeX: live order book, 29 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 29 min ago	6.30 bp	10.8 bp −$11	24.6 bp −$246	doesn't fit	doesn't fit
Sell SunX live order book, 2 min ago	494.87 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	−0.5583%	1h	316.49	−1.877%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	323.76	+0.377%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	324.11	+0.485%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	324.52	+0.612%	$36K	$671K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	324.45	+0.589%	$94.6M	$476.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	324.30	+0.544%	$26.7M	$119.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	324.00	+0.451%	$13.3M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	324.19	+0.510%	$110.5M	$140.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	324.23	+0.523%	$17.9M	$31.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	324.11	+0.485%	$36.2M	$54.4M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDClong	+0.0100%	4h	322.54	long leg	$36K	$302K	10x
Polymarket Perps TAO-USD	+0.0100%	1h	324.04	+0.464%	$88K	$789K	5x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	323.98	+0.445%	$2K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	323.78	+0.383%	$131K	$481K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	324.25	+0.529%	$3.5M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	324.67	+0.658%	$178K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0110%	4h	324.12	+0.488%	$59K	$281K	10x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	324.37	+0.566%	$1K	$765K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0162% / S +0.0106%	1h	323.94	+0.433%	$440K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0242%	1h	324.17	+0.503%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0264%	4h	324.65	+0.654%	$540K	$963K	10x	as long as short
Bullet TAO-USD	+0.0312%	1h	324.31	+0.547%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0320%	8h	324.16	+0.502%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	323.97	+0.442%	$4.6M	$10.9M	100x	as long as short
Aster TAOUSDT	+0.0371%	4h	324.42	+0.581%	$1.2M	$9.6M	50x	as long as short
Pacifica TAO	+0.0448%	1h	324.38	+0.570%	$383K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	320.50	−0.634%	$335K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	324.66	+0.656%	$101K	$489K	5x	as long as short
Nado TAO-PERP	+0.0535%	1h	324.34	+0.557%	$793K	$2.2M	10x	as long as short
Bybit TAOUSDT	+0.0607%	4h	324.52	+0.612%	$71.4M	$142.8M	50x	as long as short
BingX TAO-USDT	+0.0608%	4h	324.21	+0.516%	—	$30.2M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0669%	1h	324.14	+0.495%	$33K	$1.6M	25x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	324.18	+0.507%	$373	—	20x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	324.96	+0.749%	$3K	$4K	5x	as long as short
ApeX Omni TAOUSDT	+0.0804%	1h	322.29	−0.079%	$47K	$254K	50x	as long as short
Variational Omni TAO	+0.0866%	4h	320.39	−0.667%	$5.9M	$9.7M	—	as long as short
Lighter TAO	+0.0896%	1h	324.62	+0.642%	$1.6M	$6.3M	5x	as long as short
Extended TAO-USD	+0.0904%	1h	324.21	+0.515%	$949K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	325.38	+0.879%	$1.5M	$6.7M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1063%	1h	324.63	+0.647%	$446K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	324.46	+0.593%	$460K	$628K	5x	as long as short
Hyperliquid TAO	+0.1319%	1h	324.62	+0.643%	$102.0M	$98.8M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	+0.256%	$24K	$2K	12x	as long as short