Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0596%/8h= +65.3% APRpaid last 24h +0.012%

Price spread now: Extended against SunX+0.035%7-day average −0.037% · you sell dearer than you buy

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

Long on SunX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 3 days (all we have)−0.136%−$14 · spread now +0.035%, 7d avg −0.037%

Together, before fees−0.106%+ Points / potential airdropExtended: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Extended is 0.073% dearer against SunX than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.037%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.030% in total (about 1.5% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	307.62	0.0100	pay 0.0050% / 4h	2h 32m	$1K	$1.8M	20x
Short	Extended TAO-USD	307.73	0.0696	get 0.0087% / 1h	32m 03s	$881K	$1.9M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.035%Rate

Funding earned: $125.16
Price spread: +0.035% → −0.037%: $7.27
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $119.43
Costs to cover: 0.130%
Break-even: 0.3 days

Slippage unknown: SunX: live order book, 3 min ago; Extended: live order book, 2 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, 3 min ago	500.24 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 2 min ago	1.46 bp	5.1 bp −$5	7.2 bp −$72	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
dYdX TAO-USD	0.0000%	1h	308.02	+0.130%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	307.67	+0.015%	$20K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0022%	1h	307.81	+0.063%	$14K	$1.3M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.80	+0.059%	$42K	$523K	20x	as long as short
Pacifica TAO	+0.0100%	1h	308.28	+0.215%	$364K	$400K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.92	−0.226%	$86.1M	$401.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.93	−0.224%	$59.1M	$117.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.80	−0.267%	$25.1M	$92.5M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.16	+0.176%	$137K	$594K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.20	−0.137%	$12.1M	$47.8M	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	307.48	−0.046%	$113.5M	$122.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	307.42	−0.065%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.81	−0.263%	$34.4M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	306.96	−0.215%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.77	−0.602%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.39	−0.400%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.30	−0.103%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.64	−0.644%	$46K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.84	+0.072%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.70	+0.026%	$59K	$276K	10x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	307.62	long leg	$1K	$1.8M	20x
HTX TAO-USDT	+0.0100%	4h	307.48	−0.046%	$121K	$351K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.41	−0.068%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.92	+0.098%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	307.74	+0.039%	$2K	$428K	5x	as long as short
Polymarket Perps TAO-USD	+0.0123%	1h	307.97	+0.114%	$86K	$669K	5x	as long as short
Aster TAOUSDT	+0.0157%	4h	307.67	+0.016%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0166%	8h	308.24	+0.203%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.66	+0.015%	$439K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	306.20	−0.462%	$324K	$462K	5x	as long as short
Nado TAO-PERP	+0.0264%	1h	307.84	+0.073%	$854K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.18	−0.143%	$4.3M	$9.5M	100x	as long as short
01 Exchange TAOUSD	+0.0528%	1h	308.13	+0.166%	$3K	$4K	5x	as long as short
Bulk TAO-USD	+0.0668%	1h	304.81	−0.913%	$200K	$57K	10x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.76	+0.047%	$354	—	20x	as long as short
Extended TAO-USDshort	+0.0696%	1h	307.73	+0.035%	$881K	$1.9M	25x
Lighter TAO	+0.0896%	1h	308.21	+0.191%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	308.45	+0.270%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1024%	1h	307.97	+0.113%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.99	+0.119%	$412K	$534K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1308%	1h	307.66	+0.013%	$471K	$682K	10x	as long as short
Hyperliquid TAO	+0.1679%	1h	307.56	−0.020%	$93.9M	$75.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.62	+0.325%	$22K	$138	12x	as long as short