TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.11 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against SunX+0.619%74s7-day average −0.011% · you sell dearer than you buy

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

Long on SunX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 4 days (all we have)−0.665%−$67 · spread now +0.619%, 7d avg −0.011%

Together, before fees−0.703%+ Points / potential airdropGRVT: Active · farm board−$70 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and GRVT is 0.630% dearer against SunX than usual: you sell high and buy low: +$63 more if the spread goes back to its 7-day average of −0.011%. The two prices were read 74 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	314.33	0.0100	pay 0.0050% / 4h	48m 00s	$1K	$1.9M	20x
Short	GRVT TAO_USDT_Perp	316.28	0.0122	get 0.0061% / 4h	48m 00s	$527K	$952K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.619%Rate

Funding earned: $4.62
Price spread: +0.619% → −0.011%: $63.05
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $50.67
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: SunX: live order book, 8 min ago; GRVT: live order book, 10 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, 8 min ago	500.24 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 10 min ago	1.59 bp	9.0 bp −$9	11.8 bp −$118	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
Bulk TAO-USD	−0.0499%	1h	315.15	+0.261%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.34	+0.004%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.52	+0.061%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0057%	1h	314.40	+0.023%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.10	+0.245%	$42K	$685K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.41	+0.344%	$91.0M	$489.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.90	+0.181%	$25.9M	$119.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.10	+0.245%	$12.9M	$49.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.08	+0.239%	$105.0M	$142.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.99	+0.210%	$17.5M	$31.6M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	314.91	+0.185%	$35.2M	$55.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	316.19	+0.591%	$35K	$303K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.46	+0.041%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.77	+0.140%	$89K	$789K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.79	+0.146%	$12K	$18K	20x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	314.33	long leg	$1K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	314.48	+0.048%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.36	+0.010%	$3.2M	$8.2M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.57	+0.075%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0104%	8h	314.70	+0.118%	$2K	$784K	5x	as long as short
GRVT TAO_USDT_Perpshort	+0.0122%	4h	316.28	+0.619%	$527K	$952K	10x
Orderly PERP_TAO_USDC	+0.0124%	4h	314.63	+0.095%	$57K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0153% / S +0.0116%	1h	314.51	+0.058%	$427K	—	100x	as long as short
Bybit TAOUSDT	+0.0171%	4h	315.50	+0.372%	$68.8M	$146.2M	50x	as long as short
01 Exchange TAOUSD	+0.0184%	1h	315.08	+0.239%	$3K	$4K	5x	as long as short
Paradex TAO-USD-PERP	+0.0197%	8h	314.59	+0.083%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0210%	4h	314.86	+0.170%	$1.2M	$10.1M	50x	as long as short
BingX TAO-USDT	+0.0220%	4h	315.43	+0.350%	—	$30.1M	—	as long as short
Hyperliquid TAO	+0.0232%	1h	315.17	+0.267%	$94.1M	$104.8M	5x	as long as short
Nado TAO-PERP	+0.0235%	1h	314.89	+0.178%	$816K	$2.2M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0290%	1h	314.95	+0.197%	$315K	$910K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0340%	1h	314.54	+0.068%	$12K	$1.6M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.22	−0.035%	$4.5M	$10.8M	100x	as long as short
Extended TAO-USD	+0.0344%	1h	314.93	+0.190%	$922K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.12	+0.251%	$99K	$488K	5x	as long as short
Pacifica TAO	+0.0365%	1h	314.67	+0.109%	$361K	$409K	10x	as long as short
Lighter TAO	+0.0392%	1h	314.77	+0.141%	$1.5M	$6.4M	5x	as long as short
Phoenix TAO	+0.0581%	1h	314.50	+0.054%	$313K	$697K	5x	as long as short
Variational Omni TAO	+0.0651%	4h	314.33	0.000%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	314.75	+0.135%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.18	+0.272%	$434K	$657K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.77	+0.458%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.61	+1.680%	$23K	$2K	12x	as long as short