Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0678%/8h= −74.2% APRpaid last 24h −0.049%
Price spread now: SunX against Nado+0.310%7-day average +0.013% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.056%−$6 on $10k
Price spread, last 3 days (all we have)−0.239%−$24 · spread now +0.310%, 7d avg +0.013%
Together, before fees−0.295%+ Points / potential airdropNado: Active · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. SunX is 0.297% dearer against Nado than usual: you sell high and buy low (spread +0.310% now, against its 7-day average of +0.013%): +$30 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 35 hours. At the pace of the last 3 days (−0.056% in total) that is about 17 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.056% in total (about -6.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado TAO-PERP318.910.0778pay 0.0097% / 1h36m 02s$891K$2.0M10x
ShortSunX TAO-USDT319.900.0100get 0.0050% / 4h3h 36m$1K$1.9M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Nado. 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
−$142.29
Price spread: +0.310% → +0.013%
$29.7
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee SunX: 4 bp × 2 orders
−$8
Net
−$127.59
Costs to cover
0.150%
Break-even
from the start
Slippage unknown: Nado: live order book, 3 min ago; SunX: live order book, 10 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 Nado live order book, 3 min ago2.68 bp12.4 bp −$1225.8 bp −$258doesn't fitdoesn't fit
Sell SunX live order book, 10 min ago500.22 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.1322%1h319.84+0.292%$170K$44K10xas long as short
Phemex TAOUSDT−0.0658%4h319.31+0.125%$3.5M$7.9M50xas long as short
dYdX TAO-USD0.0000%1h319.25+0.106%$128K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h319.70+0.248%$21K150xas long as short
Popdex TAOUSDT+0.0096%1h319.26+0.110%$43K$586K20xas long as short
Binance TAOUSDT+0.0100%4h320.10+0.374%$92.6M$445.6M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h320.20+0.405%$26.2M$108.7M50xas long as short
Gate TAO_USDT+0.0100%4h319.50+0.185%$13.0M$50.4M50xas long as short
MEXC TAO_USDT+0.0100%4h319.68+0.241%$107.5M$134.0M300xas long as short
KuCoin TAOUSDTM+0.0100%4h319.69+0.245%$18.3M$29.1M75xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TAOUSDT+0.0100%4h319.60+0.216%$35.7M$50.1M50xas long as short
edgeX TAOUSDC+0.0100%4h318.20−0.222%$40K$292K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h316.52−0.749%$524K$960K10xas long as short
Orderly PERP_TAO_USDC+0.0100%4h319.83+0.288%$57K$316K10xas long as short
SunX TAO-USDTshort+0.0100%4h319.90+0.310%$1K$1.9M20x
HTX TAO-USDT+0.0100%4h320.06+0.361%$128K$424K20xas long as short
Aevo TAO-PERP+0.0104%1h320.33+0.444%$176K$9983xas long as short
Katana Perps TAO-USD+0.0122%8h319.34+0.135%$2K$615K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0089%1h319.76+0.266%$463K100xas long as short
Bullet TAO-USD+0.0174%1h320.09+0.370%$12K$18K20xas long as short
Pacifica TAO+0.0185%1h319.84+0.292%$379K$374K10xas long as short
ApeX Omni TAOUSDT+0.0192%1h318.59−0.100%$48K$266K50xas long as short
Arcus TAO-USD+0.0201%1h319.88+0.304%$85K$550K5xas long as short
Aster TAOUSDT+0.0228%4h319.80+0.279%$1.1M$8.3M50xas long as short
Paradex TAO-USD-PERP+0.0238%8h319.71+0.251%$15K$1K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0247%1h320.03+0.350%$18K$1.6M25xas long as short
Polymarket Perps TAO-USD+0.0310%1h319.65+0.232%$94K$638K5xas long as short
BloFin TAO-USDT+0.0340%4h319.91+0.314%$4.5M$10.9M100xas long as short
Bybit TAOUSDT+0.0364%4h320.30+0.436%$65.8M$132.5M50xas long as short
Variational Omni TAO+0.0398%4h320.33+0.444%$5.6M$8.7Mas long as short
BingX TAO-USDT+0.0428%4h319.74+0.260%$30.5Mas long as short
Kraken Futures PF_TAOUSD+0.0479%1h319.81+0.282%$5.8M$20.3M50xas long as short
Phoenix TAO+0.0525%1h317.50−0.442%$332K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h318.09−0.257%$23K$66512xas long as short
01 Exchange TAOUSD+0.0672%1h319.75+0.263%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0695%1h319.52+0.191%$36720xas long as short
Nado TAO-PERPlong+0.0778%1h318.91long leg$891K$2.0M10x
Backpack TAO_USDC_PERP+0.0890%1h319.98+0.336%$323K$819K10xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h319.95+0.326%$1.5M$6.2M50xas long as short
Extended TAO-USD+0.1120%1h320.13+0.381%$934K$2.2M25xas long as short
RISEx TAO/USDC+0.1141%1h319.73+0.258%$425K$600K5xas long as short
Lighter TAO+0.1528%1h320.00+0.343%$1.7M$6.0M5xas long as short
Hyperliquid TAO+0.2416%1h320.11+0.376%$103.4M$90.6M5xas long as short