Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against SunX+0.206%53s7-day average +0.001% · you sell dearer than you buy

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

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 4 days (all we have)−0.225%−$22 · spread now +0.206%, 7d avg +0.001%

Together, before fees−0.293%−$29 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: MEXC is 0.205% dearer against SunX than usual: you sell high and buy low, +$20 on $10k if it goes back to its 7-day average of +0.001%. 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	310.68	0.0100	pay 0.0050% / 4h	3h 01m	$2K	$1.9M	20x
Short	MEXC TAO_USDT	311.32	0.0100	get 0.0050% / 4h	3h 01m	$103.1M	$145.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.206%Rate

Funding earned: $0
Price spread: +0.206% → +0.001%: $20.45
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: $12.45
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 5 min ago; MEXC: live order book, 3 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, 5 min ago	500.09 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	0.48 bp	1.7 bp −$2	8.8 bp −$88	28.0 bp −$2,799	86.2 bp −$43.1K

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
Kraken Futures PF_TAOUSD	−0.0349%	1h	310.93	+0.080%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.92	+0.078%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0023%	1h	310.54	−0.044%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.24	+0.180%	$48K	$662K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	311.16	+0.154%	$3K	$867K	5x	as long as short
Pacifica TAO	+0.0100%	1h	310.78	+0.031%	$354K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.25	+0.183%	$88.9M	$503.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.20	+0.167%	$25.9M	$120.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.80	+0.039%	$13.3M	$50.6M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	311.32	+0.206%	$103.1M	$145.9M	300x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	311.11	+0.138%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.02	+0.109%	$35.0M	$56.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.26	+0.187%	$41K	$315K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.05	+0.119%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.08	+0.129%	$81K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.24	+0.181%	$12K	$17K	20x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	310.68	long leg	$2K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	309.89	−0.254%	$110K	$542K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.22	+0.172%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0110%	4h	310.93	+0.080%	$1.3M	$10.5M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0114%	4h	311.90	+0.393%	$530K	$942K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	311.19	+0.164%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0134% / S +0.0137%	1h	310.87	+0.063%	$413K	—	100x	as long as short
Phemex TAOUSDT	+0.0150%	4h	311.00	+0.103%	$3.1M	$8.0M	50x	as long as short
Paradex TAO-USD-PERP	+0.0176%	8h	310.67	−0.004%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.30	+0.200%	$100K	$370K	5x	as long as short
Bulk TAO-USD	+0.0253%	1h	311.89	+0.389%	$166K	$333	10x	as long as short
Bybit TAOUSDT	+0.0282%	4h	311.36	+0.219%	$67.4M	$151.0M	50x	as long as short
BingX TAO-USDT	+0.0304%	4h	311.22	+0.174%	—	$33.8M	—	as long as short
Nado TAO-PERP	+0.0307%	1h	311.28	+0.192%	$774K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0312%	1h	311.20	+0.166%	$906K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0338%	4h	312.45	+0.570%	$5.5M	$10.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	310.93	+0.080%	$4.5M	$10.7M	100x	as long as short
Phoenix TAO	+0.0457%	1h	312.40	+0.554%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0464%	1h	311.39	+0.229%	$91.2M	$108.2M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0478%	1h	310.84	+0.051%	$309K	$885K	10x	as long as short
01 Exchange TAOUSD	+0.0504%	1h	311.45	+0.248%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0509%	1h	311.01	+0.107%	$12K	$1.8M	25x	as long as short
Lighter TAO	+0.0592%	1h	310.97	+0.094%	$1.5M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.23	+0.176%	$358	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.14	+0.147%	$441K	$648K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.01	+0.428%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.73	+1.625%	$23K	$2K	12x	as long as short