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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0213%/8h= −23.3% APRpaid last 24h −0.019%
Price spread now: SunX against Pacifica−0.212%7-day average −0.013% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on PacificaShort on SunX
What this pair did over the last
the charts below follow
Funding, last 7 days−0.019%−$2 on $10k
Price spread, last 4 days (all we have)+0.281%+$28 · spread now −0.212%, 7d avg −0.013%
Together, before fees+0.262%+ Points / potential airdropPacifica: 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 0.199% cheaper against Pacifica than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.013%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.019% in total (about -1.0% 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
LongPacifica TAO318.950.0313pay 0.0039% / 1h41m 23s$362K$429K10x
ShortSunX TAO-USDT318.270.0100get 0.0050% / 4h41m 23s$2K$2.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Pacifica. 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
−$44.7
Price spread: −0.212% → −0.013%
−$19.93
Slippage, 4 orders
no order book: not counted
Fee Pacifica: 4 bp × 2 orders
−$8
Fee SunX: 4 bp × 2 orders
−$8
Net
−$80.64
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: Pacifica: live order book, 62 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 62 min ago2.97 bp7.5 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell SunX live order book, 5 min ago500.05 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
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h318.42−0.165%$22K—150xas long as short
dYdX TAO-USD+0.0050%1h318.66−0.090%$127K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h319.00+0.017%$44K$709K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h318.70−0.077%$26.5M$130.8M50xas long as short
Gate TAO_USDT+0.0100%4h318.80−0.046%$14.5M$51.2M50xas long as short
KuCoin TAOUSDTM+0.0100%4h318.95+0.001%$17.9M$32.4M75xas long as short
Bitget TAOUSDT+0.0100%4h318.69−0.080%$35.8M$57.9M50xas long as short
Polymarket Perps TAO-USD+0.0100%1h318.82−0.040%$88K$1.2M5xas long as short
SunX TAO-USDTshort+0.0100%4h318.27−0.212%$2K$2.0M20x
HTX TAO-USDT+0.0100%4h318.36−0.184%$116K$604K20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps TAO-USD+0.0107%8h318.61−0.105%$3K$1.1M5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0108% / S +0.0133%1h318.36−0.183%$410K—100xas long as short
Aevo TAO-PERP+0.0128%1h318.81−0.043%$175K$9983xas long as short
Orderly PERP_TAO_USDC+0.0150%4h318.86−0.027%$53K$293K10xas long as short
edgeX TAOUSDC+0.0183%4h318.77−0.054%$42K$318K10xas long as short
MEXC TAO_USDT+0.0184%4h318.94−0.002%$100.4M$151.2M300xas long as short
Binance TAOUSDT+0.0184%4h318.95+0.002%$92.5M$529.7M75xas long as short
Paradex TAO-USD-PERP+0.0250%8h318.89−0.018%$14K$1K10xas long as short
Bybit TAOUSDT+0.0290%4h319.03+0.026%$69.9M$156.5M50xas long as short
BingX TAO-USDT+0.0298%4h318.92−0.008%—$37.0M—as long as short
ApeX Omni TAOUSDT+0.0309%1h318.62−0.102%$46K$260K50xas long as short
Pacifica TAOlong+0.0313%1h318.95long leg$362K$429K10x
Bulk TAO-USD+0.0314%1h317.73−0.381%$169K$33310xas long as short
GRVT TAO_USDT_Perp+0.0334%4h318.97+0.009%$544K$926K10xas long as short
Aster TAOUSDT+0.0342%4h318.94−0.001%$1.3M$11.0M50xas long as short
Bullet TAO-USD+0.0351%1h318.66−0.088%$12K$17K20xas long as short
Extended TAO-USD+0.0368%1h318.62−0.101%$908K$2.4M25xas long as short
Deribit TAO_USDC-PERPETUAL+0.0409%1h318.70−0.078%$15K$2.0M25xas long as short
BloFin TAO-USDT+0.0426%4h319.21+0.083%$4.7M$10.9M100xas long as short
Arcus TAO-USD+0.0473%1h319.02+0.023%$103K$381K5xas long as short
Nado TAO-PERP+0.0509%1h318.78−0.053%$790K$2.0M10xas long as short
Variational Omni TAO+0.0534%4h319.26+0.099%$5.6M$10.3M—as long as short
Phemex TAOUSDT+0.0543%4h318.75−0.061%$3.2M$8.2M50xas long as short
Lighter TAO+0.0560%1h319.17+0.070%$1.6M$6.9M5xas long as short
Phoenix TAO+0.0629%1h319.50+0.174%$318K$703K5xas long as short
Reya TAORUSDPERP+0.0698%1h318.55−0.125%$366—20xas long as short
Backpack TAO_USDC_PERP+0.0757%1h319.19+0.077%$297K$904K10xas long as short
01 Exchange TAOUSD+0.0768%1h319.15+0.064%$3K$4K5xas long as short
Hyperliquid TAO+0.0788%1h319.19+0.077%$94.4M$110.2M5xas long as short
Kraken Futures PF_TAOUSD+0.0831%1h318.96+0.005%$6.0M$21.6M50xas long as short
RISEx TAO/USDC+0.0831%1h318.61−0.106%$450K$670K5xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h319.26+0.098%$1.5M$6.9M50xas long as short
Injective TAO/USDC PERP+0.4513%1h322.94+1.252%$23K$2K12xas long as short