Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Gate−0.166%53s7-day average +0.035% · you buy dearer than you sell

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

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 4 days (all we have)+0.208%+$21 · spread now −0.166%, 7d avg +0.035%

Together, before fees+0.248%+$25 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 0.201% cheaper against Gate than usual: you would sell low and buy high, −$20 on $10k if it goes back to its 7-day average of +0.035%. The two prices were read 53 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	Gate TAO_USDT	318.80	0.0100	pay 0.0050% / 4h	41m 29s	$14.5M	$51.2M	50x
Short	SunX TAO-USDT	318.27	0.0100	get 0.0050% / 4h	41m 29s	$2K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now −0.166%Rate

Funding earned: $0
Price spread: −0.166% → +0.035%: −$20.09
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$43.09
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; SunX: live order book, 5 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 Gate live order book, 2 min ago	1.57 bp	15.6 bp −$16	36.2 bp −$362	50.9 bp −$5,094	87.0 bp −$43.5K
Sell SunX live order book, 5 min ago	500.05 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	318.42	−0.119%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0050%	1h	318.66	−0.044%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.00	+0.063%	$44K	$709K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.70	−0.031%	$26.5M	$130.8M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	318.80	long leg	$14.5M	$51.2M	50x
KuCoin TAOUSDTM	+0.0100%	4h	318.95	+0.047%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.69	−0.035%	$35.8M	$57.9M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.82	+0.006%	$88K	$1.2M	5x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	318.27	−0.166%	$2K	$2.0M	20x
HTX TAO-USDT	+0.0100%	4h	318.36	−0.138%	$116K	$604K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0107%	8h	318.61	−0.060%	$3K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0108% / S +0.0133%	1h	318.36	−0.137%	$410K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.81	+0.003%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0150%	4h	318.86	+0.019%	$53K	$293K	10x	as long as short
edgeX TAOUSDC	+0.0183%	4h	318.77	−0.008%	$42K	$318K	10x	as long as short
MEXC TAO_USDT	+0.0184%	4h	318.94	+0.044%	$100.4M	$151.2M	300x	as long as short
Binance TAOUSDT	+0.0184%	4h	318.95	+0.048%	$92.5M	$529.7M	75x	as long as short
Paradex TAO-USD-PERP	+0.0250%	8h	318.89	+0.028%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0290%	4h	319.03	+0.072%	$69.9M	$156.5M	50x	as long as short
BingX TAO-USDT	+0.0298%	4h	318.92	+0.038%	—	$37.0M	—	as long as short
ApeX Omni TAOUSDT	+0.0309%	1h	318.62	−0.056%	$46K	$260K	50x	as long as short
Pacifica TAO	+0.0313%	1h	318.95	+0.046%	$362K	$429K	10x	as long as short
Bulk TAO-USD	+0.0314%	1h	317.73	−0.336%	$169K	$333	10x	as long as short
GRVT TAO_USDT_Perp	+0.0334%	4h	318.97	+0.055%	$544K	$926K	10x	as long as short
Aster TAOUSDT	+0.0342%	4h	318.94	+0.045%	$1.3M	$11.0M	50x	as long as short
Bullet TAO-USD	+0.0351%	1h	318.66	−0.043%	$12K	$17K	20x	as long as short
Extended TAO-USD	+0.0368%	1h	318.62	−0.056%	$908K	$2.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0409%	1h	318.70	−0.032%	$15K	$2.0M	25x	as long as short
BloFin TAO-USDT	+0.0426%	4h	319.21	+0.129%	$4.7M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0473%	1h	319.02	+0.069%	$103K	$381K	5x	as long as short
Nado TAO-PERP	+0.0509%	1h	318.78	−0.007%	$790K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0534%	4h	319.26	+0.145%	$5.6M	$10.3M	—	as long as short
Phemex TAOUSDT	+0.0543%	4h	318.75	−0.016%	$3.2M	$8.2M	50x	as long as short
Lighter TAO	+0.0560%	1h	319.17	+0.116%	$1.6M	$6.9M	5x	as long as short
Phoenix TAO	+0.0629%	1h	319.50	+0.220%	$318K	$703K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.55	−0.079%	$366	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0757%	1h	319.19	+0.122%	$297K	$904K	10x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	319.15	+0.110%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0788%	1h	319.19	+0.122%	$94.4M	$110.2M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0831%	1h	318.96	+0.051%	$6.0M	$21.6M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	318.61	−0.060%	$450K	$670K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.26	+0.144%	$1.5M	$6.9M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.94	+1.299%	$23K	$2K	12x	as long as short