Settings8H · net · $10k
Funding arb · Price arb /

TAO

all TAO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0908%/8h= +99.4% APRpaid last 24h +0.208%
Price spread now: Coinbase International against SunX+0.103%7-day average +0.185% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.479%+$48 on $10k
Price spread, last 3 days (all we have)+0.102%+$10 · spread now +0.103%, 7d avg +0.185%
Together, before fees+0.581%+$58 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.083% cheaper against SunX than usual: you would sell low and buy high (spread +0.103% now, against its 7-day average of +0.185%). If the spread goes back, that is −$8 on $10k: about 7 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.479% in total) that is about 29 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.479% in total (about 25.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX TAO-USDT302.270.0100pay 0.0050% / 4h1h 35m$2K$1.8M20x
ShortCoinbase International TAO-PERP-INTX302.580.1008get 0.0126% / 1h35m 34s$1.4M$5.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$190.68
Price spread: +0.103% → +0.185%
−$8.26
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$164.42
Costs to cover
0.180%
Break-even
1.0 days
Slippage unknown: SunX: live order book, 10 min ago; Coinbase International: 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
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 10 min ago500.07 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 3 min ago9.69 bp14.7 bp −$1521.2 bp −$212doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.0186%1h303.81+0.509%$162K$54K10xas long as short
dYdX TAO-USD0.0000%1h302.17−0.033%$124K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0007%1h302.25−0.005%$26K150xas long as short
Popdex TAOUSDT+0.0096%1h302.59+0.106%$44K$535K20xas long as short
Aster TAOUSDT+0.0100%4h302.54+0.089%$1.1M$7.7M50xas long as short
Binance TAOUSDT+0.0100%4h302.57+0.099%$84.8M$412.5M75xas long as short
Bybit TAOUSDT+0.0100%4h302.65+0.126%$58.5M$121.0M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h302.70+0.142%$24.3M$94.8M50xas long as short
Arcus TAO-USD+0.0100%1h302.72+0.149%$79K$642K5xas long as short
Gate TAO_USDT+0.0100%4h302.30+0.010%$12.1M$48.7M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h302.52+0.083%$110.0M$124.8M300xas long as short
KuCoin TAOUSDTM+0.0100%4h302.270.000%$18.4M$27.1M75xas long as short
Bitget TAOUSDT+0.0100%4h302.51+0.079%$33.8M$46.0M50xas long as short
BingX TAO-USDT+0.0100%4h302.54+0.089%$30.3Mas long as short
Variational Omni TAO+0.0100%4h303.66+0.460%$3.6M$6.7Mas long as short
edgeX TAOUSDC+0.0100%4h303.35+0.358%$39K$278K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h303.49+0.403%$502K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h303.30+0.341%$46K$269K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h302.74+0.155%$77K$601K5xas long as short
Bullet TAO-USD+0.0100%1h302.51+0.079%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h302.38+0.036%$58K$276K10xas long as short
SunX TAO-USDTlong+0.0100%4h302.27long leg$2K$1.8M20x
HTX TAO-USDT+0.0100%4h302.44+0.056%$121K$363K20xas long as short
Phemex TAOUSDT+0.0100%4h302.270.000%$3.2M$7.8M50xas long as short
Aevo TAO-PERP+0.0104%1h302.73+0.153%$166K$9983xas long as short
Katana Perps TAO-USD+0.0111%8h302.59+0.106%$619$491K5xas long as short
Paradex TAO-USD-PERP+0.0154%8h302.44+0.057%$14K$1K10xas long as short
Pacifica TAO+0.0164%1h302.58+0.103%$357K$371K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h302.23−0.012%$431K100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0208%1h302.39+0.040%$21K$1.4M25xas long as short
BloFin TAO-USDT+0.0340%4h303.21+0.311%$4.2M$9.3M100xas long as short
Lighter TAO+0.0344%1h302.72+0.150%$1.6M$5.3M5xas long as short
Nado TAO-PERP+0.0373%1h302.56+0.097%$816K$1.9M10xas long as short
01 Exchange TAOUSD+0.0400%1h302.67+0.132%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0425%1h302.32+0.017%$376K$757K10xas long as short
Phoenix TAO+0.0521%1h304.10+0.605%$322K$491K5xas long as short
Reya TAORUSDPERP+0.0695%1h302.66+0.130%$34820xas long as short
Extended TAO-USD+0.0848%1h302.39+0.041%$835K$2.0M25xas long as short
Coinbase International TAO-PERP-INTXshort+0.1008%1h302.58+0.103%$1.4M$5.6M50x
Kraken Futures PF_TAOUSD+0.1045%1h302.28+0.002%$5.7M$19.6M50xas long as short
Hyperliquid TAO+0.1081%1h302.81+0.179%$91.9M$80.4M5xas long as short
RISEx TAO/USDC+0.1155%1h302.78+0.169%$410K$545K5xas long as short
Injective TAO/USDC PERP+0.1621%1h308.73+2.137%$22K$26412xas long as short