Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: ApeX Omni against SunX−0.381%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 SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 4 days (all we have)+0.224%+$22 · spread now −0.381%, 7d avg +0.013%

Together, before fees+0.226%+$23 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: ApeX Omni is 0.393% cheaper against SunX than usual: you would sell low and buy high, −$39 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	320.32	0.0100	pay 0.0050% / 4h	1h 32m	$2K	$2.0M	20x
Short	ApeX Omni TAOUSDT	319.10	0.0100	get 0.0013% / 1h	32m 35s	$45K	$259K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now −0.381%Rate

Funding earned: $0
Price spread: −0.381% → +0.013%: −$39.34
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$57.34
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 3 min ago; ApeX Omni: 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 SunX live order book, 3 min ago	500.17 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 9 min ago	4.38 bp	11.9 bp −$12	115.4 bp −$1,154	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	−0.1995%	1h	319.47	−0.265%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.58	−0.231%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.52	−0.249%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.95	−0.116%	$42K	$705K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.00	−0.100%	$26.7M	$130.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.40	−0.287%	$14.2M	$51.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.70	−0.194%	$17.9M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.23	−0.340%	$35.9M	$58.4M	50x	as long as short
ApeX Omni TAOUSDTshort	+0.0100%	1h	319.10	−0.381%	$45K	$259K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	320.44	+0.037%	$93K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDTlong	+0.0100%	4h	320.32	long leg	$2K	$2.0M	20x
HTX TAO-USDT	+0.0100%	4h	319.91	−0.128%	$118K	$590K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	319.69	−0.197%	$759	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0119% / S +0.0148%	1h	318.97	−0.422%	$426K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	320.56	+0.074%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0120%	4h	320.45	+0.041%	$53K	$292K	10x	as long as short
edgeX TAOUSDC	+0.0159%	4h	319.21	−0.346%	$42K	$317K	10x	as long as short
MEXC TAO_USDT	+0.0160%	4h	319.61	−0.222%	$105.4M	$150.0M	300x	as long as short
Binance TAOUSDT	+0.0165%	4h	319.85	−0.145%	$92.6M	$529.0M	75x	as long as short
Phemex TAOUSDT	+0.0212%	4h	320.21	−0.034%	$3.3M	$8.1M	50x	as long as short
Paradex TAO-USD-PERP	+0.0262%	8h	319.53	−0.247%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0328%	4h	319.65	−0.209%	$1.3M	$10.9M	50x	as long as short
Bybit TAOUSDT	+0.0343%	4h	320.06	−0.081%	$69.9M	$156.0M	50x	as long as short
BingX TAO-USDT	+0.0370%	4h	319.54	−0.244%	—	$34.5M	—	as long as short
Bullet TAO-USD	+0.0383%	1h	320.58	+0.081%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0388%	4h	318.88	−0.449%	$543K	$940K	10x	as long as short
BloFin TAO-USDT	+0.0401%	4h	320.65	+0.103%	$4.7M	$11.1M	100x	as long as short
Extended TAO-USD	+0.0464%	1h	319.48	−0.262%	$916K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	319.76	−0.175%	$364K	$423K	10x	as long as short
Variational Omni TAO	+0.0538%	4h	318.75	−0.490%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	319.20	−0.350%	$318K	$709K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0570%	1h	320.38	+0.020%	$10K	$1.9M	25x	as long as short
Nado TAO-PERP	+0.0587%	1h	319.87	−0.140%	$798K	$2.1M	10x	as long as short
Hyperliquid TAO	+0.0611%	1h	319.91	−0.128%	$94.6M	$110.2M	5x	as long as short
01 Exchange TAOUSD	+0.0624%	1h	320.20	−0.037%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.25	−0.022%	$103K	$394K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0686%	1h	320.02	−0.094%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	320.64	+0.099%	$369	—	20x	as long as short
Lighter TAO	+0.0824%	1h	319.93	−0.123%	$1.5M	$6.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.89	+0.178%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	320.12	−0.062%	$458K	$665K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1151%	1h	320.68	+0.114%	$6.1M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.63	+1.033%	$24K	$2K	12x	as long as short