TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0197%/8h= +21.6% APRnext payment +$0.99 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against SunX+0.066%7-day average +0.034% · you sell dearer than you buy

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

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.017%−$2 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.066%, 7d avg +0.034%

Together, before fees−0.088%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bybit is 0.032% dearer against SunX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.034%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.017% in total (about -0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.99 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	318.77	0.0100	pay 0.0050% / 4h	43m 57s	$1K	$2.0M	20x
Short	Bybit TAOUSDT	318.98	0.0297	get 0.0149% / 4h	43m 57s	$69.8M	$156.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.066%Rate

Funding earned: $41.37
Price spread: +0.066% → +0.034%: $3.17
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $25.54
Costs to cover: 0.190%
Break-even: 2.7 days

Slippage unknown: SunX: live order book, 2 min ago; Bybit: live order book, 5 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, 2 min ago	500.05 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	0.16 bp	10.1 bp −$10	18.4 bp −$184	36.0 bp −$3,600	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	318.62	−0.048%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0060%	1h	318.66	−0.035%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.06	+0.091%	$44K	$708K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.80	+0.009%	$26.5M	$130.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.60	−0.053%	$14.5M	$51.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.95	+0.056%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.66	−0.035%	$35.8M	$57.9M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.93	+0.050%	$89K	$1.2M	5x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	318.77	long leg	$1K	$2.0M	20x
HTX TAO-USDT	+0.0100%	4h	318.65	−0.038%	$116K	$604K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0107%	8h	318.89	+0.038%	$724	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0108% / S +0.0133%	1h	318.63	−0.044%	$410K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.06	+0.091%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0148%	4h	318.94	+0.053%	$53K	$293K	10x	as long as short
edgeX TAOUSDC	+0.0178%	4h	318.66	−0.034%	$42K	$320K	10x	as long as short
MEXC TAO_USDT	+0.0180%	4h	318.99	+0.069%	$100.4M	$151.2M	300x	as long as short
Binance TAOUSDT	+0.0183%	4h	318.83	+0.019%	$92.5M	$529.2M	75x	as long as short
Paradex TAO-USD-PERP	+0.0253%	8h	318.83	+0.018%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0260%	4h	318.94	+0.053%	—	$37.1M	—	as long as short
Bybit TAOUSDTshort	+0.0297%	4h	318.98	+0.066%	$69.8M	$156.1M	50x
Pacifica TAO	+0.0313%	1h	318.95	+0.058%	$362K	$429K	10x	as long as short
Bulk TAO-USD	+0.0314%	1h	317.73	−0.326%	$169K	$333	10x	as long as short
GRVT TAO_USDT_Perp	+0.0332%	4h	318.87	+0.033%	$544K	$926K	10x	as long as short
Aster TAOUSDT	+0.0343%	4h	318.95	+0.057%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0360%	1h	318.85	+0.024%	$908K	$2.4M	25x	as long as short
Bullet TAO-USD	+0.0370%	1h	319.06	+0.091%	$12K	$17K	20x	as long as short
ApeX Omni TAOUSDT	+0.0374%	1h	319.64	+0.273%	$46K	$260K	50x	as long as short
BloFin TAO-USDT	+0.0422%	4h	318.63	−0.044%	$4.7M	$11.0M	100x	as long as short
Arcus TAO-USD	+0.0473%	1h	319.12	+0.110%	$103K	$388K	5x	as long as short
Nado TAO-PERP	+0.0492%	1h	318.93	+0.050%	$792K	$2.0M	10x	as long as short
Phemex TAOUSDT	+0.0516%	4h	318.85	+0.025%	$3.2M	$8.2M	50x	as long as short
Variational Omni TAO	+0.0534%	4h	319.26	+0.155%	$5.6M	$10.3M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0539%	1h	318.97	+0.061%	$15K	$2.0M	25x	as long as short
Lighter TAO	+0.0544%	1h	319.07	+0.096%	$1.6M	$6.9M	5x	as long as short
Phoenix TAO	+0.0629%	1h	319.80	+0.323%	$319K	$703K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.96	+0.059%	$367	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0778%	1h	318.97	+0.063%	$297K	$904K	10x	as long as short
01 Exchange TAOUSD	+0.0784%	1h	319.47	+0.220%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0811%	1h	319.19	+0.132%	$94.4M	$110.1M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0831%	1h	318.95	+0.057%	$6.0M	$21.6M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	318.92	+0.049%	$450K	$672K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.40	+0.198%	$1.5M	$6.9M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.94	+1.308%	$23K	$2K	12x	as long as short