TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0758%/8h= +83.0% APRnext payment +$3.79 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Phemex+0.185%7-day average −0.009% · you sell dearer than you buy

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

Long on Phemex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.524%+$52 on $10k

Price spread, last 3 days (all we have)−0.185%−$18 · spread now +0.185%, 7d avg −0.009%

Together, before fees+0.340%+$34 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and SunX is 0.194% dearer against Phemex than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.009%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.524% in total (about 27.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.79 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	Phemex TAOUSDT	319.31	−0.0658	get 0.0329% / 4h	3h 36m	$3.5M	$7.9M	50x
Short	SunX TAO-USDT	319.90	0.0100	get 0.0050% / 4h	3h 36m	$1K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Phemex. 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 PhemexbpFee SunXbpOrdersPrice spread, now +0.185%Rate

Funding earned: $159.11
Price spread: +0.185% → −0.009%: $19.41
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: $158.52
Costs to cover: 0.200%
Break-even: 0.0 days

Slippage unknown: Phemex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 3 min ago	29.18 bp	39.4 bp −$39	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	500.22 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	−0.1322%	1h	319.84	+0.166%	$170K	$44K	10x	as long as short
Phemex TAOUSDTlong	−0.0658%	4h	319.31	long leg	$3.5M	$7.9M	50x
dYdX TAO-USD	0.0000%	1h	319.25	−0.019%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.70	+0.123%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.26	−0.016%	$43K	$586K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	320.10	+0.248%	$92.6M	$445.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.20	+0.279%	$26.2M	$108.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.50	+0.060%	$13.0M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	319.68	+0.116%	$107.5M	$134.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.69	+0.119%	$18.3M	$29.1M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	319.60	+0.091%	$35.7M	$50.1M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	318.20	−0.347%	$40K	$292K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.52	−0.873%	$524K	$960K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	319.83	+0.163%	$57K	$316K	10x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	319.90	+0.185%	$1K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	320.06	+0.235%	$128K	$424K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	320.33	+0.319%	$176K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0122%	8h	319.34	+0.009%	$2K	$615K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0089%	1h	319.76	+0.140%	$463K	—	100x	as long as short
Bullet TAO-USD	+0.0174%	1h	320.09	+0.244%	$12K	$18K	20x	as long as short
Pacifica TAO	+0.0185%	1h	319.84	+0.166%	$379K	$374K	10x	as long as short
ApeX Omni TAOUSDT	+0.0192%	1h	318.59	−0.225%	$48K	$266K	50x	as long as short
Arcus TAO-USD	+0.0201%	1h	319.88	+0.179%	$85K	$550K	5x	as long as short
Aster TAOUSDT	+0.0228%	4h	319.80	+0.153%	$1.1M	$8.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0238%	8h	319.71	+0.125%	$15K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0247%	1h	320.03	+0.224%	$18K	$1.6M	25x	as long as short
Polymarket Perps TAO-USD	+0.0310%	1h	319.65	+0.106%	$94K	$638K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.91	+0.188%	$4.5M	$10.9M	100x	as long as short
Bybit TAOUSDT	+0.0364%	4h	320.30	+0.310%	$65.8M	$132.5M	50x	as long as short
Variational Omni TAO	+0.0398%	4h	320.33	+0.318%	$5.6M	$8.7M	—	as long as short
BingX TAO-USDT	+0.0428%	4h	319.74	+0.135%	—	$30.5M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0479%	1h	319.81	+0.156%	$5.8M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	317.50	−0.567%	$332K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	318.09	−0.382%	$23K	$665	12x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	319.75	+0.138%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	319.52	+0.066%	$367	—	20x	as long as short
Nado TAO-PERP	+0.0778%	1h	318.91	−0.125%	$891K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0890%	1h	319.98	+0.210%	$323K	$819K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.95	+0.200%	$1.5M	$6.2M	50x	as long as short
Extended TAO-USD	+0.1120%	1h	320.13	+0.255%	$934K	$2.2M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	319.73	+0.133%	$425K	$600K	5x	as long as short
Lighter TAO	+0.1528%	1h	320.00	+0.218%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2416%	1h	320.11	+0.251%	$103.4M	$90.6M	5x	as long as short