Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: SunX against Popdex+0.200%7-day average +0.002% · you sell dearer than you buy

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

Long on Popdex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 3 days (all we have)−0.143%−$14 · spread now +0.200%, 7d avg +0.002%

Together, before fees−0.136%−$14 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 0.198% dearer against Popdex than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex TAOUSDT	319.26	0.0096	pay 0.0012% / 1h	36m 13s	$43K	$586K	20x
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 Popdex. 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 PopdexbpFee SunXbpOrdersPrice spread, now +0.200%Rate

Funding earned: $0.84
Price spread: +0.200% → +0.002%: $19.85
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee SunX: 4 bp × 2 orders: −$8
Net: $6.29
Costs to cover: 0.144%
Break-even: from the start

Slippage unknown: Popdex: live order book, 38 min ago; SunX: live order book, 9 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 Popdex live order book, 38 min ago	1.12 bp	11.8 bp −$12	103.9 bp −$1,039	doesn't fit	doesn't fit
Sell SunX live order book, 9 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	+0.182%	$170K	$44K	10x	as long as short
Phemex TAOUSDT	−0.0658%	4h	319.31	+0.016%	$3.5M	$7.9M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	319.25	−0.003%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.70	+0.138%	$21K	—	150x	as long as short
Popdex TAOUSDTlong	+0.0096%	1h	319.26	long leg	$43K	$586K	20x
Binance TAOUSDT	+0.0100%	4h	319.75	+0.153%	$92.5M	$445.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.70	+0.138%	$26.2M	$108.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.70	+0.138%	$13.0M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	320.06	+0.251%	$107.6M	$133.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.58	−0.213%	$18.2M	$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	319.96	+0.219%	$35.7M	$50.1M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	318.20	−0.331%	$40K	$292K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.52	−0.858%	$524K	$960K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	319.83	+0.179%	$57K	$316K	10x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	319.90	+0.200%	$1K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	320.06	+0.251%	$128K	$424K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	320.33	+0.334%	$176K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0122%	8h	319.34	+0.025%	$2K	$615K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0089%	1h	319.76	+0.156%	$463K	—	100x	as long as short
Bullet TAO-USD	+0.0174%	1h	320.09	+0.260%	$12K	$18K	20x	as long as short
Pacifica TAO	+0.0185%	1h	319.84	+0.182%	$379K	$374K	10x	as long as short
ApeX Omni TAOUSDT	+0.0192%	1h	318.59	−0.210%	$48K	$266K	50x	as long as short
Arcus TAO-USD	+0.0201%	1h	319.88	+0.194%	$85K	$550K	5x	as long as short
Aster TAOUSDT	+0.0228%	4h	319.55	+0.091%	$1.1M	$8.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0238%	8h	319.71	+0.141%	$15K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0247%	1h	320.03	+0.240%	$18K	$1.6M	25x	as long as short
Polymarket Perps TAO-USD	+0.0310%	1h	319.65	+0.122%	$94K	$638K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.91	+0.204%	$4.5M	$10.9M	100x	as long as short
Bybit TAOUSDT	+0.0364%	4h	319.98	+0.226%	$65.7M	$132.5M	50x	as long as short
Variational Omni TAO	+0.0398%	4h	320.33	+0.334%	$5.6M	$8.7M	—	as long as short
BingX TAO-USDT	+0.0428%	4h	320.14	+0.276%	—	$30.5M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0479%	1h	319.81	+0.172%	$5.8M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	317.50	−0.551%	$332K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	318.09	−0.366%	$23K	$665	12x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	319.75	+0.153%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	319.52	+0.082%	$367	—	20x	as long as short
Nado TAO-PERP	+0.0778%	1h	318.91	−0.110%	$891K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0875%	1h	320.16	+0.282%	$324K	$819K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.95	+0.216%	$1.5M	$6.2M	50x	as long as short
Extended TAO-USD	+0.1120%	1h	320.13	+0.271%	$934K	$2.2M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	319.73	+0.148%	$425K	$600K	5x	as long as short
Lighter TAO	+0.1528%	1h	320.00	+0.233%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2427%	1h	320.19	+0.291%	$103.4M	$90.6M	5x	as long as short