Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.043%

Price spread now: Aster against SunX+0.118%56s7-day average +0.045% · you sell dearer than you buy

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

Long on SunX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.159%+$16 on $10k

Price spread, last 3 days (all we have)−0.177%−$18 · spread now +0.118%, 7d avg +0.045%

Together, before fees−0.019%+ Points / potential airdropAster: Stage 5 · farm board−$2 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: Aster is 0.072% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.045%. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	303.67	0.0100	pay 0.0050% / 4h	2h 50m	$2K	$1.8M	20x
Short	Aster TAOUSDT	304.03	0.0100	get 0.0050% / 4h	2h 50m	$1.1M	$7.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.118%Rate

Funding earned: $0
Price spread: +0.118% → +0.045%: $7.25
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$8.75
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 min ago; Aster: live order book, 3 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, 5 min ago	500.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	2.80 bp	10.1 bp −$10	24.6 bp −$246	224.9 bp −$22.5K	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	−0.0973%	1h	304.87	+0.395%	$200K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	303.84	+0.056%	$128K	$89K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	304.09	+0.139%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	304.08	+0.135%	$39K	$521K	20x	as long as short
Aster TAOUSDTshort	+0.0100%	4h	304.03	+0.118%	$1.1M	$7.4M	50x
Pacifica TAO	+0.0100%	1h	304.12	+0.149%	$355K	$405K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	304.31	+0.211%	$85.0M	$399.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	304.51	+0.277%	$58.1M	$117.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	304.30	+0.207%	$24.8M	$91.4M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.27	+0.198%	$135K	$591K	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	304.00	+0.109%	$12.0M	$47.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	304.18	+0.168%	$111.0M	$121.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	304.11	+0.145%	$18.1M	$26.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	304.01	+0.112%	$34.1M	$44.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	304.26	+0.194%	—	$30.5M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.48	−0.064%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.44	−0.076%	$39K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.31	−0.119%	$531K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.63	−0.013%	$47K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	304.34	+0.221%	$82K	$668K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	304.27	+0.199%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	304.25	+0.191%	$58K	$276K	10x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	303.67	long leg	$2K	$1.8M	20x
HTX TAO-USDT	+0.0100%	4h	303.12	−0.181%	$120K	$351K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.61	−0.020%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	304.30	+0.207%	$167K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	303.95	+0.092%	$1K	$416K	5x	as long as short
Nado TAO-PERP	+0.0153%	1h	303.96	+0.096%	$742K	$1.8M	10x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	304.08	+0.136%	$14K	$992	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0224%	1h	303.83	+0.052%	$16K	$1.3M	25x	as long as short
Phoenix TAO	+0.0234%	1h	303.50	−0.056%	$321K	$462K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.67	0.000%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0360%	1h	304.22	+0.181%	$3K	$4K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0465% / S −0.0175%	1h	304.05	+0.125%	$433K	—	100x	as long as short
Lighter TAO	+0.0592%	1h	304.39	+0.238%	$1.6M	$4.7M	5x	as long as short
Extended TAO-USD	+0.0592%	1h	303.96	+0.097%	$867K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	304.17	+0.166%	$350	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0930%	1h	304.26	+0.194%	$465K	$689K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	304.34	+0.221%	$1.5M	$5.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1037%	1h	303.93	+0.087%	$6.2M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	304.19	+0.170%	$400K	$530K	5x	as long as short
Hyperliquid TAO	+0.1157%	1h	304.77	+0.362%	$91.2M	$74.0M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	311.91	+2.713%	$23K	$135	12x	as long as short