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% APRpaid last 24h 0.000%

Price spread now: OKX against SunX+0.144%47s7-day average −0.013% · you sell dearer than you buy

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 4 days (all we have)−0.163%−$16 · spread now +0.144%, 7d avg −0.013%

Together, before fees−0.206%−$21 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: OKX is 0.158% dearer against SunX than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.013%. The two prices were read 47 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	311.55	0.0100	pay 0.0050% / 4h	51m 33s	$1K	$1.7M	20x
Short	OKX TAO-USDT-SWAP	312.00	0.0100	get 0.0100% / 8h	4h 51m	$26.6M	$125.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.144%Rate

Funding earned: $0
Price spread: +0.144% → −0.013%: $15.76
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$2.24
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 min ago; OKX: 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, 8 min ago	500.16 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.59 bp	9.6 bp −$10	15.5 bp −$155	57.9 bp −$5,787	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	311.45	−0.031%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.01	+0.148%	$54K	$632K	20x	as long as short
OKX TAO-USDT-SWAPshort	+0.0100%	8h	312.00	+0.144%	$26.6M	$125.0M	50x
Gate TAO_USDT	+0.0100%	4h	311.70	+0.048%	$16.0M	$46.4M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.81	+0.083%	$17.2M	$30.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.72	+0.055%	$35.3M	$54.2M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.73	+0.700%	$45K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.92	+0.119%	$68K	$1.1M	5x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	311.55	long leg	$1K	$1.7M	20x
HTX TAO-USDT	+0.0100%	4h	311.88	+0.106%	$113K	$552K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0102%	8h	311.74	+0.061%	$998	$1.3M	5x	as long as short
Extended TAO-USD	+0.0104%	1h	311.84	+0.094%	$927K	$2.1M	25x	as long as short
Aevo TAO-PERP	+0.0120%	1h	311.89	+0.108%	$171K	$998	3x	as long as short
Binance TAOUSDT	+0.0167%	4h	311.91	+0.116%	$92.5M	$506.3M	75x	as long as short
MEXC TAO_USDT	+0.0170%	4h	311.95	+0.128%	$110.9M	$146.9M	300x	as long as short
edgeX TAOUSDC	+0.0170%	4h	313.80	+0.723%	$41K	$324K	10x	as long as short
Pacifica TAO	+0.0223%	1h	312.15	+0.193%	$369K	$445K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0278%	4h	313.81	+0.726%	$534K	$786K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0280%	4h	311.68	+0.042%	$52K	$262K	10x	as long as short
Paradex TAO-USD-PERP	+0.0304%	8h	312.09	+0.173%	$14K	$769	10x	as long as short
Aster TAOUSDT	+0.0347%	4h	312.05	+0.162%	$1.2M	$11.4M	50x	as long as short
Bullet TAO-USD	+0.0360%	1h	311.87	+0.101%	$12K	$16K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0367% / S −0.0112%	1h	311.44	−0.037%	$373K	—	100x	as long as short
dYdX TAO-USD	+0.0367%	1h	311.68	+0.042%	$263K	$230K	5x	as long as short
BingX TAO-USDT	+0.0372%	4h	311.93	+0.122%	—	$37.7M	—	as long as short
Bybit TAOUSDT	+0.0382%	4h	312.13	+0.186%	$69.0M	$154.4M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0383%	1h	311.71	+0.052%	$25K	$1.9M	25x	as long as short
BloFin TAO-USDT	+0.0412%	4h	313.23	+0.539%	$4.9M	$10.4M	100x	as long as short
Lighter TAO	+0.0448%	1h	312.20	+0.209%	$1.5M	$6.7M	5x	as long as short
Phemex TAOUSDT	+0.0474%	4h	311.81	+0.083%	$3.1M	$8.3M	50x	as long as short
Arcus TAO-USD	+0.0587%	1h	312.11	+0.180%	$98K	$284K	5x	as long as short
Nado TAO-PERP	+0.0590%	1h	311.59	+0.014%	$648K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0597%	4h	314.17	+0.842%	$5.8M	$9.7M	—	as long as short
Hyperliquid TAO	+0.0600%	1h	312.10	+0.177%	$93.4M	$105.1M	5x	as long as short
Phoenix TAO	+0.0636%	1h	313.20	+0.530%	$315K	$701K	5x	as long as short
RISEx TAO/USDC	+0.0694%	1h	311.90	+0.112%	$441K	$660K	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	311.98	+0.139%	$359	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0728%	1h	312.37	+0.263%	$1.1M	$7.4M	50x	as long as short
01 Exchange TAOUSD	+0.0840%	1h	312.30	+0.241%	$3K	$2K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0866%	1h	311.87	+0.102%	$6.2M	$19.6M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0915%	1h	311.78	+0.074%	$298K	$1.1M	10x	as long as short
Bulk TAO-USD	+0.1436%	1h	313.89	+0.751%	$166K	$662	10x	as long as short
Injective TAO/USDC PERP	+0.4136%	1h	318.16	+2.122%	$23K	$2K	12x	as long as short