Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Gate against SunX+0.036%53s7-day average −0.029% · you sell dearer than you buy

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

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 3 days (all we have)−0.080%−$8 · spread now +0.036%, 7d avg −0.029%

Together, before fees−0.140%−$14 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: Gate is 0.065% dearer against SunX than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.029%. The two prices were read 53 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	304.59	0.0100	pay 0.0050% / 4h	2h 46m	$2K	$1.8M	20x
Short	Gate TAO_USDT	304.70	0.0100	get 0.0050% / 4h	2h 46m	$12.0M	$47.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.036%Rate

Funding earned: $0
Price spread: +0.036% → −0.029%: $6.47
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$16.53
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 9 min ago; Gate: 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, 9 min ago	500.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	1.64 bp	17.4 bp −$17	34.7 bp −$347	71.4 bp −$7,138	121.5 bp −$60.8K

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	−0.0973%	1h	304.87	+0.092%	$200K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	304.46	−0.043%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	304.68	+0.030%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	304.94	+0.115%	$39K	$521K	20x	as long as short
Pacifica TAO	+0.0100%	1h	304.66	+0.024%	$361K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	304.85	+0.085%	$85.4M	$400.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	304.91	+0.105%	$58.5M	$116.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	304.80	+0.069%	$24.8M	$91.2M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.98	+0.128%	$135K	$591K	5x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	304.70	+0.036%	$12.0M	$47.4M	50x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	304.91	+0.105%	$111.8M	$121.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	304.81	+0.072%	$18.2M	$26.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	304.83	+0.079%	$34.1M	$44.2M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	304.84	+0.082%	—	$30.5M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.48	−0.366%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	304.89	+0.097%	$39K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.08	+0.162%	$545K	$977K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.27	−0.433%	$46K	$267K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	304.80	+0.069%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	304.87	+0.092%	$58K	$276K	10x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	304.59	long leg	$2K	$1.8M	20x
HTX TAO-USDT	+0.0100%	4h	304.23	−0.118%	$120K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	304.64	+0.016%	$3.2M	$8.0M	50x	as long as short
Polymarket Perps TAO-USD	+0.0101%	1h	305.14	+0.181%	$83K	$665K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	304.80	+0.070%	$167K	$998	3x	as long as short
Aster TAOUSDT	+0.0106%	4h	304.74	+0.049%	$1.1M	$7.4M	50x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	304.96	+0.121%	$1K	$416K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0142%	1h	304.71	+0.040%	$16K	$1.3M	25x	as long as short
Paradex TAO-USD-PERP	+0.0164%	8h	304.58	−0.002%	$14K	$992	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	304.63	+0.013%	$435K	—	100x	as long as short
Nado TAO-PERP	+0.0185%	1h	304.99	+0.132%	$745K	$1.8M	10x	as long as short
Phoenix TAO	+0.0234%	1h	305.20	+0.200%	$323K	$462K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	304.62	+0.010%	$4.2M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0432%	1h	305.17	+0.190%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0616%	1h	304.91	+0.105%	$1.6M	$4.8M	5x	as long as short
Extended TAO-USD	+0.0616%	1h	304.57	−0.005%	$872K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	304.97	+0.124%	$351	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	305.23	+0.210%	$1.5M	$5.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1034%	1h	304.86	+0.090%	$6.2M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	305.03	+0.146%	$404K	$532K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1073%	1h	304.79	+0.066%	$466K	$683K	10x	as long as short
Hyperliquid TAO	+0.1410%	1h	305.59	+0.328%	$91.7M	$74.5M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	307.78	+1.047%	$22K	$136	12x	as long as short