Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against SunX+0.465%46s7-day average −0.015% · you sell dearer than you buy

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

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)−0.510%−$51 · spread now +0.465%, 7d avg −0.015%

Together, before fees−0.594%+ Points / potential airdropedgeX: Active · farm board−$59 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: edgeX is 0.480% dearer against SunX than usual: you sell high and buy low, +$48 on $10k if it goes back to its 7-day average of −0.015%. The two prices were read 46 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	313.05	0.0100	pay 0.0050% / 4h	3h 55m	$1K	$1.9M	20x
Short	edgeX TAOUSDC	314.50	0.0100	get 0.0050% / 4h	3h 55m	$42K	$312K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.465%Rate

Funding earned: $0
Price spread: +0.465% → −0.015%: $47.95
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $30.95
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: SunX: live order book, 1 min ago; edgeX: live order book, 63 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, 1 min ago	500.26 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 63 min ago	6.36 bp	10.9 bp −$11	26.1 bp −$261	doesn't fit	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
Kraken Futures PF_TAOUSD	−0.0346%	1h	313.43	+0.122%	$5.5M	$20.6M	50x	as long as short
Gate TAO_USDT	−0.0126%	4h	314.30	+0.399%	$13.1M	$49.2M	50x	as long as short
Popdex TAOUSDT	−0.0032%	1h	314.70	+0.527%	$43K	$653K	20x	as long as short
dYdX TAO-USD	0.0000%	1h	314.25	+0.382%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.40	+0.431%	$20K	—	150x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.50	+0.463%	$2K	$805K	5x	as long as short
Pacifica TAO	+0.0100%	1h	314.12	+0.341%	$358K	$412K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.63	+0.505%	$90.9M	$495.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.59	+0.492%	$67.7M	$149.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.50	+0.463%	$26.0M	$120.7M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	+0.0100%	1h	314.80	+0.559%	$167K	$2K	10x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.70	+0.527%	$101.0M	$143.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.71	+0.530%	$17.8M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.19	+0.364%	$35.1M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.53	+0.473%	—	$33.0M	—	as long as short
edgeX TAOUSDCshort	+0.0100%	4h	314.50	+0.465%	$42K	$312K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	313.64	+0.187%	$532K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.57	+0.486%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.63	+0.505%	$78K	$863K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.79	+0.556%	$12K	$18K	20x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	313.05	long leg	$1K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	312.90	−0.048%	$109K	$535K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.24	+0.379%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	314.44	+0.444%	$52K	$271K	10x	as long as short
Aster TAOUSDT	+0.0131%	4h	314.40	+0.432%	$1.2M	$10.4M	50x	as long as short
Hyperliquid TAO	+0.0140%	1h	315.03	+0.632%	$92.5M	$106.9M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0143% / S +0.0124%	1h	314.55	+0.479%	$428K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0145%	8h	313.92	+0.279%	$14K	$1K	10x	as long as short
Extended TAO-USD	+0.0192%	1h	314.48	+0.456%	$918K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0216%	1h	314.72	+0.533%	$799K	$2.2M	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	314.76	+0.546%	$101K	$441K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0263%	1h	313.67	+0.197%	$22K	$1.7M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0294%	1h	313.48	+0.137%	$311K	$914K	10x	as long as short
01 Exchange TAOUSD	+0.0328%	1h	314.79	+0.556%	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.29	+0.077%	$4.5M	$10.8M	100x	as long as short
Variational Omni TAO	+0.0362%	4h	313.70	+0.208%	$5.6M	$9.9M	—	as long as short
Lighter TAO	+0.0424%	1h	314.63	+0.503%	$1.5M	$6.4M	5x	as long as short
Phoenix TAO	+0.0581%	1h	313.60	+0.176%	$312K	$711K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.71	+0.530%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	314.68	+0.519%	$435K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	314.04	+0.316%	$1.5M	$6.6M	50x	as long as short
Phemex TAOUSDT	+0.1467%	4h	313.46	+0.131%	$3.2M	$8.1M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.67	+1.476%	$23K	$2K	12x	as long as short