Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against OKX−0.230%7-day average +0.022% · you buy dearer than you sell

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

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 3 days (all we have)+0.252%+$25 · spread now −0.230%, 7d avg +0.022%

Together, before fees+0.318%+$32 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 0.253% cheaper against OKX than usual: you would sell low and buy high, −$25 on $10k if it goes back to its 7-day average of +0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TAO-USDT-SWAP	317.10	0.0100	pay 0.0100% / 8h	6h 04m	$26.3M	$114.6M	50x
Short	SunX TAO-USDT	316.37	0.0100	get 0.0050% / 4h	2h 04m	$2K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now −0.230%Rate

Funding earned: $0
Price spread: −0.230% → +0.022%: −$25.25
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$43.25
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; SunX: live order book, 1 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 OKX live order book, 4 min ago	1.59 bp	7.5 bp −$7	15.2 bp −$152	55.4 bp −$5,541	doesn't fit
Sell SunX live order book, 1 min ago	500.21 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

TAO on 42 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	−0.0185%	1h	315.28	−0.574%	$167K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.81	−0.093%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.53	−0.181%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.02	−0.025%	$44K	$644K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.32	+0.069%	$91.5M	$467.3M	75x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	317.10	long leg	$26.3M	$114.6M	50x
Gate TAO_USDT	+0.0100%	4h	317.00	−0.032%	$12.9M	$50.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.37	+0.085%	$114.3M	$140.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.22	+0.038%	$18.1M	$30.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.93	−0.054%	$35.4M	$53.4M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.38	−0.228%	$36K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.95	−0.047%	$77K	$713K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.63	−0.148%	$58K	$282K	10x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	316.37	−0.230%	$2K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	316.80	−0.095%	$129K	$471K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.50	−0.189%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.96	−0.043%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	316.80	−0.095%	$2K	$727K	5x	as long as short
ApeX Omni TAOUSDT	+0.0149%	1h	316.28	−0.259%	$47K	$253K	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0166% / S +0.0102%	1h	316.68	−0.131%	$431K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	316.68	−0.131%	$5.6M	$20.5M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0188%	4h	314.95	−0.679%	$519K	$957K	10x	as long as short
Bullet TAO-USD	+0.0239%	1h	317.00	−0.032%	$12K	$18K	20x	as long as short
Aster TAOUSDT	+0.0273%	4h	317.01	−0.029%	$1.2M	$9.3M	50x	as long as short
Pacifica TAO	+0.0285%	1h	317.33	+0.073%	$369K	$396K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0332%	1h	316.72	−0.118%	$15K	$1.6M	25x	as long as short
Arcus TAO-USD	+0.0337%	1h	317.43	+0.104%	$100K	$489K	5x	as long as short
Paradex TAO-USD-PERP	+0.0365%	8h	317.05	−0.016%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	321.23	+1.302%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0530%	1h	316.79	−0.097%	$757K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	315.80	−0.410%	$330K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0664%	1h	317.10	0.000%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.91	−0.059%	$364	—	20x	as long as short
Bybit TAOUSDT	+0.0757%	4h	317.48	+0.120%	$67.3M	$138.1M	50x	as long as short
BingX TAO-USDT	+0.0768%	4h	317.23	+0.041%	—	$31.0M	—	as long as short
Variational Omni TAO	+0.0857%	4h	316.54	−0.177%	$6.1M	$9.5M	—	as long as short
Extended TAO-USD	+0.0920%	1h	317.11	+0.003%	$903K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0925%	1h	316.87	−0.073%	$320K	$807K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.17	+0.022%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	317.04	−0.020%	$449K	$623K	5x	as long as short
Hyperliquid TAO	+0.1348%	1h	317.44	+0.107%	$99.9M	$97.1M	5x	as long as short
Lighter TAO	+0.1376%	1h	317.76	+0.209%	$1.6M	$6.1M	5x	as long as short