TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0184%/8h= −20.1% APRnext payment −$0.92 per $10,000 · paid last 24h −0.010%

Price spread now: SunX against GRVT−0.158%46s7-day average +0.010% · you buy dearer than you sell

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

Long on GRVT Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.246%+$25 · spread now −0.158%, 7d avg +0.010%

Together, before fees+0.263%+ Points / potential airdropGRVT: Active · farm board+$26 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and SunX is 0.168% cheaper against GRVT than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of +0.010%). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.92 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TAO_USDT_Perp	321.52	0.0284	pay 0.0142% / 4h	3h 03m	$548K	$825K	10x
Short	SunX TAO-USDT	321.01	0.0100	get 0.0050% / 4h	3h 03m	$2K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against GRVT. 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 GRVTbpFee SunXbpOrdersPrice spread, now −0.158%Rate

Funding earned: −$38.64
Price spread: −0.158% → +0.010%: −$16.82
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$72.46
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 29 min ago; SunX: live order book, 3 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 GRVT live order book, 29 min ago	2.86 bp	10.4 bp −$10	20.2 bp −$202	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	500.12 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	−0.0241%	1h	318.85	−0.831%	$169K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	321.07	−0.139%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.56	+0.324%	$51K	$700K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	322.53	+0.315%	$71.0M	$154.8M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.30	+0.243%	$27.0M	$130.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.00	+0.461%	$15.4M	$50.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.31	+0.557%	$17.6M	$32.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	321.88	+0.112%	$36.3M	$56.6M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.30	+0.243%	$89K	$1.1M	5x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	321.01	−0.158%	$2K	$1.9M	20x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	321.57	+0.016%	$117K	$547K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	320.90	−0.192%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	322.55	+0.321%	$660	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	321.05	−0.144%	$176K	$998	3x	as long as short
MEXC TAO_USDT	+0.0156%	4h	322.96	+0.448%	$105.3M	$156.1M	300x	as long as short
Binance TAOUSDT	+0.0156%	4h	322.58	+0.330%	$94.4M	$518.3M	75x	as long as short
BingX TAO-USDT	+0.0162%	4h	323.09	+0.489%	—	$38.9M	—	as long as short
edgeX TAOUSDC	+0.0164%	4h	321.70	+0.055%	$42K	$322K	10x	as long as short
Paradex TAO-USD-PERP	+0.0219%	8h	323.81	+0.712%	$15K	$876	10x	as long as short
Orderly PERP_TAO_USDC	+0.0241%	4h	321.12	−0.124%	$55K	$272K	10x	as long as short
Bullet TAO-USD	+0.0271%	1h	322.10	+0.180%	$13K	$17K	20x	as long as short
GRVT TAO_USDT_Perplong	+0.0284%	4h	321.52	long leg	$548K	$825K	10x
Extended TAO-USD	+0.0304%	1h	322.87	+0.420%	$977K	$2.2M	25x	as long as short
ApeX Omni TAOUSDT	+0.0306%	1h	321.60	+0.025%	$45K	$256K	50x	as long as short
Aster TAOUSDT	+0.0322%	4h	322.60	+0.335%	$1.3M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	323.46	+0.604%	$376K	$439K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0368% / S −0.0109%	1h	321.09	−0.132%	$381K	—	100x	as long as short
BloFin TAO-USDT	+0.0399%	4h	321.75	+0.072%	$4.8M	$11.0M	100x	as long as short
Nado TAO-PERP	+0.0403%	1h	322.29	+0.241%	$759K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0404%	1h	323.16	+0.511%	$102K	$331K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0441%	1h	321.18	−0.106%	$20K	$1.9M	25x	as long as short
dYdX TAO-USD	+0.0524%	1h	323.45	+0.599%	$130K	$87K	5x	as long as short
Variational Omni TAO	+0.0551%	4h	321.24	−0.086%	$5.7M	$9.8M	—	as long as short
Lighter TAO	+0.0568%	1h	323.61	+0.652%	$1.6M	$6.8M	5x	as long as short
Phoenix TAO	+0.0578%	1h	321.70	+0.056%	$324K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	323.37	+0.576%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0661%	1h	322.33	+0.252%	$96.7M	$109.3M	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	322.15	+0.198%	$370	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0704%	1h	321.67	+0.047%	$319K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0775%	1h	321.35	−0.052%	$6.3M	$21.0M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	322.86	+0.417%	$440K	$711K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	322.23	+0.221%	$1.1M	$7.5M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	322.62	+0.343%	$23K	$2K	12x	as long as short