Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.027%

Price spread now: dYdX against SunX−0.173%7-day average −0.036% · you buy dearer than you sell

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

Long on SunX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 3 days (all we have)+0.073%+$7 · spread now −0.173%, 7d avg −0.036%

Together, before fees+0.141%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.137% cheaper against SunX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.036%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.068%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	313.70	0.0100	pay 0.0050% / 4h	49m 00s	$2K	$1.8M	20x
Short	dYdX TAO-USD	313.16	0	get 0.0000% / 1h	49m 00s	$125K	$88K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.173%Rate

Funding earned: −$21
Price spread: −0.173% → −0.036%: −$13.72
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$52.72
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; dYdX: live order book, 30 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, 6 min ago	500.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell dYdX live order book, 30 min ago	36.40 bp	41.5 bp −$42	64.9 bp −$649	185.3 bp −$18.5K	1078.0 bp −$539.0K

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
Bulk TAO-USD	−0.4722%	1h	314.01	+0.099%	$168K	$48K	10x	as long as short
dYdX TAO-USDshort	0.0000%	1h	313.16	−0.173%	$125K	$88K	5x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.65	−0.017%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.39	+0.220%	$23K	$260	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.14	−0.179%	$40K	$549K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.58	−0.038%	$371K	$372K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.09	+0.123%	$88.9M	$421.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.16	+0.147%	$61.4M	$123.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.90	+0.064%	$25.2M	$100.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.80	+0.032%	$12.5M	$48.7M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	314.06	+0.115%	$121.1M	$126.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.91	+0.067%	$19.1M	$27.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.96	+0.083%	$35.1M	$46.2M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.10	+0.128%	—	$30.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.44	−0.083%	$41K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.12	+0.133%	$519K	$950K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.37	−0.105%	$47K	$269K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.79	+0.029%	$60K	$276K	10x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	313.70	long leg	$2K	$1.8M	20x
HTX TAO-USDT	+0.0100%	4h	314.02	+0.102%	$128K	$394K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.79	+0.029%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.00	+0.096%	$172K	$998	3x	as long as short
Polymarket Perps TAO-USD	+0.0105%	1h	313.49	−0.067%	$77K	$524K	5x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.28	−0.134%	$959	$536K	5x	as long as short
Bullet TAO-USD	+0.0134%	1h	313.88	+0.056%	$11K	$17K	20x	as long as short
Variational Omni TAO	+0.0173%	4h	313.59	−0.036%	$3.8M	$6.9M	—	as long as short
Paradex TAO-USD-PERP	+0.0186%	8h	313.32	−0.121%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.61	−0.029%	$83K	$626K	5x	as long as short
Aster TAOUSDT	+0.0210%	4h	314.09	+0.124%	$1.1M	$7.8M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.07	+0.118%	$4.3M	$9.8M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0391%	1h	313.90	+0.064%	$19K	$1.4M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0447%	1h	313.97	+0.088%	$5.8M	$19.8M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0476% / S −0.0175%	1h	313.59	−0.035%	$449K	—	100x	as long as short
Nado TAO-PERP	+0.0496%	1h	313.12	−0.186%	$838K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.70	−0.319%	$334K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0575%	1h	314.22	+0.166%	$301K	$798K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.38	−0.102%	$360	—	20x	as long as short
Extended TAO-USD	+0.0824%	1h	313.92	+0.069%	$864K	$2.1M	25x	as long as short
01 Exchange TAOUSD	+0.0840%	1h	313.52	−0.057%	$3K	$4K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.34	+0.204%	$1.5M	$5.7M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.37	−0.107%	$431K	$536K	5x	as long as short
Lighter TAO	+0.1616%	1h	314.45	+0.238%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.2186%	1h	314.71	+0.322%	$98.6M	$82.8M	5x	as long as short