Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against SunX+0.068%7-day average −0.095% · you sell dearer than you buy

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

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.219%−$22 · spread now +0.068%, 7d avg −0.095%

Together, before fees−0.298%−$30 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: HTX is 0.163% dearer against SunX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.095%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	322.03	0.0100	pay 0.0050% / 4h	8m 23s	$2K	$1.7M	20x
Short	HTX TAO-USDT	322.25	0.0100	get 0.0050% / 4h	8m 23s	$117K	$520K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0
Price spread: +0.068% → −0.095%: $16.31
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$3.69
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 1 min ago; HTX: live order book, 33 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	500.30 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 33 min ago	10.18 bp	48.5 bp −$49	doesn't fit	doesn't fit	doesn't fit

TAO on 43 exchanges

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	321.05	−0.305%	$20K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0095%	1h	322.02	−0.002%	$37K	$1.9M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	321.51	−0.161%	$60K	$610K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	321.20	−0.258%	$27.6M	$127.0M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	319.24	−0.867%	$169K	$662	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	321.40	−0.196%	$16.8M	$47.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	321.12	−0.283%	$17.8M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.96	−0.332%	$36.3M	$53.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.38	−0.512%	$45K	$249K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	321.38	−0.202%	$68K	$1.1M	5x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDTlong	+0.0100%	4h	322.03	long leg	$2K	$1.7M	20x
HTX TAO-USDTshort	+0.0100%	4h	322.25	+0.068%	$117K	$520K	20x
Katana Perps TAO-USD	+0.0101%	8h	321.55	−0.149%	$1K	$1.3M	5x	as long as short
Phemex TAOUSDT	+0.0109%	4h	321.57	−0.143%	$3.2M	$8.3M	50x	as long as short
Extended TAO-USD	+0.0112%	1h	321.46	−0.178%	$935K	$2.2M	25x	as long as short
Aevo TAO-PERP	+0.0120%	1h	322.31	+0.086%	$177K	$998	3x	as long as short
dYdX TAO-USD	+0.0130%	1h	321.43	−0.186%	$271K	$226K	5x	as long as short
edgeX TAOUSDC	+0.0145%	4h	319.74	−0.710%	$42K	$324K	10x	as long as short
MEXC TAO_USDT	+0.0148%	4h	321.33	−0.217%	$114.6M	$153.2M	300x	as long as short
Binance TAOUSDT	+0.0149%	4h	321.25	−0.242%	$95.8M	$499.8M	75x	as long as short
Bullet TAO-USD	+0.0170%	1h	321.41	−0.192%	$12K	$15K	20x	as long as short
Pacifica TAO	+0.0223%	1h	321.77	−0.080%	$390K	$448K	10x	as long as short
Paradex TAO-USD-PERP	+0.0233%	8h	321.79	−0.074%	$15K	$769	10x	as long as short
GRVT TAO_USDT_Perp	+0.0242%	4h	321.24	−0.246%	$550K	$793K	10x	as long as short
Bybit TAOUSDT	+0.0249%	4h	321.34	−0.214%	$71.4M	$152.1M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0257%	4h	322.07	+0.012%	$54K	$262K	10x	as long as short
BingX TAO-USDT	+0.0280%	4h	321.57	−0.143%	—	$36.6M	—	as long as short
Nado TAO-PERP	+0.0299%	1h	322.31	+0.086%	$677K	$2.0M	10x	as long as short
Aster TAOUSDT	+0.0330%	4h	321.30	−0.225%	$1.3M	$11.3M	50x	as long as short
BloFin TAO-USDT	+0.0384%	4h	321.65	−0.118%	$4.9M	$10.0M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0390% / S −0.0121%	1h	321.80	−0.070%	$391K	—	100x	as long as short
Lighter TAO	+0.0488%	1h	322.00	−0.009%	$1.7M	$6.8M	5x	as long as short
Hyperliquid TAO	+0.0498%	1h	321.59	−0.137%	$96.4M	$104.3M	5x	as long as short
Variational Omni TAO	+0.0520%	4h	320.67	−0.423%	$6.6M	$9.8M	—	as long as short
Arcus TAO-USD	+0.0587%	1h	322.13	+0.031%	$102K	$284K	5x	as long as short
Phoenix TAO	+0.0636%	1h	322.50	+0.146%	$324K	$701K	5x	as long as short
RISEx TAO/USDC	+0.0694%	1h	321.42	−0.190%	$431K	$652K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0694%	1h	321.69	−0.106%	$306K	$1.1M	10x	as long as short
Reya TAORUSDPERP	+0.0700%	1h	321.24	−0.245%	$369	—	20x	as long as short
01 Exchange TAOUSD	+0.0712%	1h	321.82	−0.065%	$3K	$2K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0728%	1h	322.46	+0.134%	$1.1M	$7.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0839%	1h	322.19	+0.051%	$6.5M	$19.4M	50x	as long as short
Injective TAO/USDC PERP	+0.4136%	1h	322.02	−0.003%	$23K	$2K	12x	as long as short