Funding arb · Price arb /

TAO

all TAO markets

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 0.000%

Price spread now: BingX against SunX+0.231%7-day average 0.000% · you sell dearer than you buy

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

Long on SunX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.239%−$24 · spread now +0.231%, 7d avg 0.000%

Together, before fees−0.239%−$24 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: BingX is 0.231% dearer against SunX than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	306.97	0.0100	pay 0.0050% / 4h	2h 33m	$1K	$1.8M	20x
Short	BingX TAO-USDT	307.68	0.0100	get 0.0050% / 4h	2h 33m	—	$30.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.231%Rate

Funding earned: $0
Price spread: +0.231% → 0.000%: $23.15
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: $5.15
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: SunX: live order book, 12 min ago; BingX: 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 SunX live order book, 12 min ago	500.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	0.82 bp	7.0 bp −$7	10.6 bp −$106	24.4 bp −$2,439	57.9 bp −$29.0K

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	307.17	+0.064%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	307.47	+0.162%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.12	+0.049%	$41K	$523K	20x	as long as short
Pacifica TAO	+0.0100%	1h	307.47	+0.162%	$363K	$400K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.60	+0.205%	$86.3M	$401.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.70	+0.238%	$59.2M	$117.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.70	+0.238%	$25.0M	$92.8M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.42	+0.147%	$136K	$594K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.50	+0.173%	$12.1M	$47.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.36	+0.127%	$113.2M	$122.7M	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	307.09	+0.039%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.47	+0.163%	$34.5M	$44.4M	50x	as long as short
BingX TAO-USDTshort	+0.0100%	4h	307.68	+0.231%	—	$30.4M	—
Variational Omni TAO	+0.0100%	4h	305.77	−0.391%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.39	−0.189%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.30	+0.108%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.64	−0.433%	$46K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.63	+0.214%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.64	+0.218%	$59K	$276K	10x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	306.97	long leg	$1K	$1.8M	20x
HTX TAO-USDT	+0.0100%	4h	307.36	+0.127%	$121K	$351K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.16	+0.062%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.77	+0.260%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	307.32	+0.114%	$2K	$429K	5x	as long as short
Polymarket Perps TAO-USD	+0.0119%	1h	307.28	+0.101%	$86K	$669K	5x	as long as short
Aster TAOUSDT	+0.0155%	4h	307.64	+0.220%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0167%	8h	307.41	+0.143%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.48	+0.167%	$439K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0212%	1h	307.76	+0.257%	$14K	$1.3M	25x	as long as short
Phoenix TAO	+0.0234%	1h	306.20	−0.251%	$324K	$462K	5x	as long as short
Nado TAO-PERP	+0.0262%	1h	307.35	+0.123%	$854K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	306.55	−0.137%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0528%	1h	307.49	+0.169%	$3K	$4K	5x	as long as short
Bulk TAO-USD	+0.0668%	1h	304.81	−0.704%	$200K	$57K	10x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.09	+0.040%	$353	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	307.62	+0.212%	$877K	$1.9M	25x	as long as short
Lighter TAO	+0.0888%	1h	307.72	+0.244%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	307.40	+0.140%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1024%	1h	307.92	+0.310%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.43	+0.150%	$411K	$536K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1295%	1h	307.71	+0.241%	$471K	$683K	10x	as long as short
Hyperliquid TAO	+0.1681%	1h	307.78	+0.264%	$93.7M	$75.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.62	+0.538%	$22K	$138	12x	as long as short