Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0891%/8h= −97.6% APRpaid last 24h −0.150%

Price spread now: SunX against RISEx−0.040%7-day average −0.017% · you buy dearer than you sell

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

Long on RISEx Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.473%−$47 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now −0.040%, 7d avg −0.017%

Together, before fees−0.440%−$44 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and SunX is 0.022% cheaper against RISEx than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.017%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	315.07	0.0991	pay 0.0124% / 1h	16m 43s	$435K	$651K	5x
Short	SunX TAO-USDT	314.95	0.0100	get 0.0050% / 4h	16m 43s	$1K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against RISEx. 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 RISExbpFee SunXbpOrdersPrice spread, now −0.040%Rate

Funding earned: −$187.16
Price spread: −0.040% → −0.017%: −$2.23
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee SunX: 4 bp × 2 orders: −$8
Net: −$203.39
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 42 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 RISEx live order book, 42 min ago	2.38 bp	5.6 bp −$6	35.7 bp −$357	doesn't fit	doesn't fit
Sell SunX live order book, 9 min ago	500.24 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
dYdX TAO-USD	0.0000%	1h	314.82	−0.081%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.02	−0.017%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.16	+0.027%	$5.5M	$20.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.05	−0.008%	$43K	$669K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.90	−0.056%	$645	$799K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.05	−0.008%	$91.0M	$494.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.09	+0.005%	$67.9M	$148.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.90	−0.056%	$26.0M	$120.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.80	−0.087%	$12.9M	$50.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.00	−0.024%	$110.8M	$144.1M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	315.16	+0.027%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.74	−0.106%	$35.2M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.96	−0.036%	—	$32.8M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.17	+0.030%	$42K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.17	+0.031%	$521K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.00	−0.024%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.92	−0.049%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.24	+0.052%	$12K	$18K	20x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	314.95	−0.040%	$1K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	314.82	−0.081%	$110K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.07	−0.002%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.30	+0.070%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	315.16	+0.027%	$57K	$265K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0146% / S +0.0127%	1h	314.99	−0.028%	$419K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0159%	8h	315.06	−0.005%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0185%	4h	315.35	+0.086%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0200%	1h	314.91	−0.052%	$922K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0204%	1h	315.03	−0.013%	$801K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0267%	1h	315.41	+0.106%	$92.8M	$106.4M	5x	as long as short
01 Exchange TAOUSD	+0.0320%	1h	315.15	+0.024%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0330%	1h	315.25	+0.055%	$26K	$1.7M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.30	+0.071%	$4.6M	$10.9M	100x	as long as short
Lighter TAO	+0.0344%	1h	315.49	+0.133%	$1.5M	$6.5M	5x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.34	+0.084%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0346%	1h	315.51	+0.138%	$316K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	315.19	+0.038%	$360K	$412K	10x	as long as short
Variational Omni TAO	+0.0497%	4h	315.29	+0.067%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.40	+0.103%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.03	−0.014%	$362	—	20x	as long as short
Bulk TAO-USD	+0.0933%	1h	314.34	−0.233%	$167K	$2K	10x	as long as short
RISEx TAO/USDClong	+0.0991%	1h	315.07	long leg	$435K	$651K	5x
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.12	+0.332%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.85	+1.198%	$23K	$2K	12x	as long as short