Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0003%/8h= −0.3% APRpaid last 24h −0.001%

Price spread now: SunX against Katana Perps+0.198%7-day average −0.028% · you sell dearer than you buy

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

Long on Katana Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.145%−$14 on $10k

Price spread, last 4 days (all we have)−0.132%−$13 · spread now +0.198%, 7d avg −0.028%

Together, before fees−0.276%−$28 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 0.226% dearer against Katana Perps than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps TAO-USD	313.50	0.0103	pay 0.0103% / 8h	2h 28m	$1K	$920K	5x
Short	SunX TAO-USDT	314.12	0.0100	get 0.0050% / 4h	2h 28m	$2K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Katana Perps. 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 Katana PerpsbpFee SunXbpOrdersPrice spread, now +0.198%Rate

Funding earned: −$0.56
Price spread: +0.198% → −0.028%: $22.61
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee SunX: 4 bp × 2 orders: −$8
Net: $10.25
Costs to cover: 0.118%
Break-even: from the start

Slippage unknown: Katana Perps: no order-book sample; SunX: live order book, 7 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 Katana Perps no order-book sample	—	—	—	—	—
Sell SunX live order book, 7 min ago	499.71 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Katana Perps: 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 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 −0.0004%	1h	313.92	+0.135%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0038%	1h	313.44	−0.019%	$125K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.50	0.000%	$90.0M	$507.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.40	−0.032%	$26.3M	$122.0M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	313.47	−0.009%	$167K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.20	−0.096%	$13.9M	$51.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.45	−0.016%	$107.6M	$145.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.32	−0.057%	$17.3M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.24	−0.083%	$35.3M	$57.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.56	+0.018%	$41K	$316K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	314.09	+0.188%	$90K	$920K	5x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	314.12	+0.198%	$2K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	313.04	−0.147%	$113K	$554K	20x	as long as short
Katana Perps TAO-USDlong	+0.0103%	8h	313.50	long leg	$1K	$920K	5x
Aevo TAO-PERP	+0.0104%	1h	314.42	+0.293%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	314.27	+0.246%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0129% / S +0.0140%	1h	313.98	+0.152%	$420K	—	100x	as long as short
Phemex TAOUSDT	+0.0137%	4h	314.00	+0.159%	$3.2M	$8.0M	50x	as long as short
Popdex TAOUSDT	+0.0152%	1h	314.30	+0.255%	$51K	$667K	20x	as long as short
Aster TAOUSDT	+0.0207%	4h	313.57	+0.022%	$1.3M	$10.6M	50x	as long as short
Pacifica TAO	+0.0233%	1h	313.65	+0.047%	$357K	$419K	10x	as long as short
Paradex TAO-USD-PERP	+0.0269%	8h	313.40	−0.031%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0270%	1h	314.08	+0.186%	$773K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.24	+0.236%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0324%	1h	314.31	+0.258%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.40	+0.287%	$4.6M	$10.9M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0348%	4h	314.36	+0.275%	$534K	$923K	10x	as long as short
ApeX Omni TAOUSDT	+0.0397%	1h	313.30	−0.064%	$44K	$256K	50x	as long as short
BingX TAO-USDT	+0.0438%	4h	313.36	−0.045%	—	$33.7M	—	as long as short
Bybit TAOUSDT	+0.0445%	4h	313.47	−0.010%	$68.1M	$152.5M	50x	as long as short
Variational Omni TAO	+0.0449%	4h	314.04	+0.171%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0464%	1h	313.41	−0.027%	$897K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	313.88	+0.121%	$101K	$345K	5x	as long as short
Phoenix TAO	+0.0513%	1h	314.20	+0.223%	$313K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0595%	1h	314.26	+0.244%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.15	+0.207%	$361	—	20x	as long as short
01 Exchange TAOUSD	+0.0760%	1h	314.87	+0.437%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0804%	1h	314.04	+0.173%	$91.8M	$108.9M	5x	as long as short
Lighter TAO	+0.0816%	1h	313.65	+0.049%	$1.5M	$6.6M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0824%	1h	314.13	+0.201%	$312K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	315.16	+0.530%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	313.63	+0.042%	$454K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	319.48	+1.907%	$23K	$2K	12x	as long as short