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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 11:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%
Price spread now: SunX against gTrade (Gains Network)−0.192%66s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on gTrade (Gains Network)Short on SunX
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—needs both histories
Funding pays, the price is against you. SunX is 0.192% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.192% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 6.6 days of funding at the current rate (+$3 a day). The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) TAO/USD318.29L +0.0004% / S −0.0003%pay 0.0000% / 1h55m 48s$20K—150x
ShortSunX TAO-USDT317.680.0100get 0.0050% / 4h1h 55m$2K$1.8M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against gTrade (Gains Network). 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
$20.21
Price spread: −0.192% → 0.000%
−$19.2
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$16.99
Costs to cover
0.180%
Break-even
12.9 days
Slippage unknown: gTrade (Gains Network): no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample—————
Sell SunX live order book, 4 min ago500.16 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TAO on 43 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDlongL +0.0004% / S −0.0003%1h318.29long leg$20K—150x
Popdex TAOUSDT+0.0096%1h318.21−0.025%$51K$630K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h317.80−0.154%$26.9M$128.7M50xas long as short
Gate TAO_USDT+0.0100%4h317.70−0.186%$15.8M$47.2M50xas long as short
KuCoin TAOUSDTM+0.0100%4h317.78−0.161%$17.6M$31.4M75xas long as short
Bitget TAOUSDT+0.0100%4h317.68−0.192%$36.0M$56.1M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h319.54+0.392%$45K$254K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h317.77−0.164%$81K$1.1M5xas long as short
SunX TAO-USDTshort+0.0100%4h317.68−0.192%$2K$1.8M20x
HTX TAO-USDT+0.0100%4h317.96−0.104%$113K$563K20xas long as short
Show all 43 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex TAOUSDT+0.0100%4h317.93−0.113%$3.2M$8.1M50xas long as short
Katana Perps TAO-USD+0.0104%8h317.99−0.095%$897$1.3M5xas long as short
Bybit TAOUSDT+0.0114%4h317.74−0.173%$69.6M$155.5M50xas long as short
Aevo TAO-PERP+0.0120%1h318.05−0.074%$175K$9983xas long as short
edgeX TAOUSDC+0.0147%4h318.65+0.111%$42K$324K10xas long as short
Binance TAOUSDT+0.0150%4h317.78−0.161%$93.3M$511.7M75xas long as short
MEXC TAO_USDT+0.0152%4h317.87−0.132%$101.8M$146.6M300xas long as short
BingX TAO-USDT+0.0152%4h317.74−0.173%—$37.9M—as long as short
Paradex TAO-USD-PERP+0.0213%8h318.33+0.013%$14K$87610xas long as short
Extended TAO-USD+0.0224%1h317.79−0.157%$959K$2.1M25xas long as short
Bullet TAO-USD+0.0229%1h318.14−0.048%$12K$17K20xas long as short
Pacifica TAO+0.0240%1h318.46+0.052%$377K$456K10xas long as short
Orderly PERP_TAO_USDC+0.0257%4h317.92−0.117%$53K$262K10xas long as short
GRVT TAO_USDT_Perp+0.0296%4h319.14+0.267%$544K$824K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0315%1h317.92−0.117%$15K$1.9M25xas long as short
Lighter TAO+0.0320%1h318.00−0.090%$1.6M$6.6M5xas long as short
Aster TAOUSDT+0.0321%4h317.94−0.110%$1.3M$11.2M50xas long as short
dYdX TAO-USD+0.0323%1h318.44+0.047%$269K$231K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0361% / S −0.0107%1h317.64−0.206%$373K—100xas long as short
BloFin TAO-USDT+0.0393%4h318.71+0.132%$4.9M$10.4M100xas long as short
Nado TAO-PERP+0.0429%1h318.21−0.026%$703K$2.0M10xas long as short
Variational Omni TAO+0.0442%4h318.65+0.113%$5.7M$9.8M—as long as short
Hyperliquid TAO+0.0481%1h318.09−0.063%$95.9M$107.3M5xas long as short
Phoenix TAO+0.0567%1h319.60+0.411%$321K$710K5xas long as short
Arcus TAO-USD+0.0610%1h318.58+0.091%$100K$311K5xas long as short
Backpack TAO_USDC_PERP+0.0627%1h318.00−0.091%$299K$1.1M10xas long as short
RISEx TAO/USDC+0.0666%1h318.13−0.052%$433K$685K5xas long as short
Coinbase International TAO-PERP-INTX+0.0688%1h319.02+0.229%$1.1M$7.7M50xas long as short
Reya TAORUSDPERP+0.0699%1h317.83−0.143%$366—20xas long as short
Bulk TAO-USD+0.0807%1h318.75+0.144%$169K$010xas long as short
01 Exchange TAOUSD+0.0816%1h318.58+0.091%$3K$2K5xas long as short
Kraken Futures PF_TAOUSD+0.0926%1h318.02−0.085%$6.2M$19.5M50xas long as short
Injective TAO/USDC PERP+0.4405%1h322.67+1.376%$23K$2K12xas long as short