Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against SunX+0.019%7-day average +0.008% · you sell dearer than you buy

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

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.019%, 7d avg +0.008%

Together, before fees−0.135%−$13 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	315.34	0.0100	pay 0.0050% / 4h	23m 44s	$1K	$1.9M	20x
Short	KuCoin TAOUSDTM	315.40	0.0100	get 0.0050% / 4h	23m 44s	$17.7M	$31.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.019%Rate

Funding earned: $0
Price spread: +0.019% → +0.008%: $1.14
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$18.86
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 2 min ago; KuCoin: live order book, 5 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, 2 min ago	500.24 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	2.06 bp	18.4 bp −$18	31.7 bp −$317	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	315.28	−0.018%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.32	−0.006%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.30	−0.012%	$5.5M	$20.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.50	+0.051%	$43K	$668K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	315.15	−0.060%	$645	$795K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.31	−0.010%	$91.0M	$494.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.36	+0.006%	$68.1M	$148.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.40	+0.019%	$26.0M	$120.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.10	−0.076%	$13.0M	$50.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.24	−0.032%	$110.6M	$144.0M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTMshort	+0.0100%	4h	315.40	+0.019%	$17.7M	$31.7M	75x
Bitget TAOUSDT	+0.0100%	4h	315.24	−0.032%	$35.2M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.42	+0.025%	—	$32.9M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.73	−0.193%	$42K	$311K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.20	−0.362%	$520K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.96	−0.121%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.26	−0.025%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.44	+0.030%	$12K	$18K	20x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	315.34	long leg	$1K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	314.89	−0.143%	$110K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.33	−0.003%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.47	+0.041%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0131%	4h	315.37	+0.010%	$57K	$273K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0148% / S +0.0125%	1h	315.24	−0.031%	$420K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0165%	8h	315.51	+0.054%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0191%	1h	315.41	+0.021%	$802K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0199%	4h	315.44	+0.033%	$1.2M	$10.3M	50x	as long as short
Extended TAO-USD	+0.0216%	1h	315.38	+0.014%	$922K	$2.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0240%	1h	315.46	+0.037%	$32K	$1.7M	25x	as long as short
Hyperliquid TAO	+0.0256%	1h	315.67	+0.105%	$92.9M	$106.4M	5x	as long as short
01 Exchange TAOUSD	+0.0296%	1h	315.68	+0.108%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0312%	1h	315.57	+0.074%	$1.5M	$6.5M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.99	−0.111%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.65	+0.098%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0349%	1h	315.58	+0.076%	$316K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	315.51	+0.053%	$360K	$412K	10x	as long as short
Variational Omni TAO	+0.0526%	4h	314.38	−0.305%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	316.30	+0.304%	$315K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.41	+0.024%	$363	—	20x	as long as short
Bulk TAO-USD	+0.0933%	1h	314.34	−0.317%	$167K	$2K	10x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.43	+0.029%	$436K	$650K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	314.58	−0.241%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.85	+1.113%	$23K	$2K	12x	as long as short