Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against SunX−0.026%7-day average −0.004% · you buy dearer than you sell

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

Long on SunX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.139%−$14 on $10k

Price spread, last 3 days (all we have)−0.016%−$2 · spread now −0.026%, 7d avg −0.004%

Together, before fees−0.155%−$15 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: Polymarket Perps is 0.023% cheaper against SunX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	302.82	0.0100	pay 0.0050% / 4h	1h 35m	$2K	$1.8M	20x
Short	Polymarket Perps TAO-USD	302.74	0.0100	get 0.0013% / 1h	35m 01s	$77K	$601K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.026%Rate

Funding earned: $0
Price spread: −0.026% → −0.004%: −$2.29
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$18.29
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; Polymarket Perps: live order book, 48 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, 10 min ago	500.07 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 48 min ago	2.28 bp	6.9 bp −$7	11.3 bp −$113	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	−0.0186%	1h	303.81	+0.327%	$162K	$54K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	302.17	−0.214%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	302.55	−0.089%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	302.59	−0.076%	$44K	$535K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	302.71	−0.038%	$1.1M	$7.7M	50x	as long as short
Binance TAOUSDT	+0.0100%	4h	302.70	−0.039%	$84.6M	$412.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	302.62	−0.066%	$58.5M	$121.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	302.60	−0.073%	$24.3M	$94.8M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	302.72	−0.033%	$79K	$642K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	302.60	−0.073%	$12.1M	$48.7M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	302.94	+0.040%	$110.1M	$124.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	302.76	−0.020%	$18.5M	$27.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	302.50	−0.106%	$33.7M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	302.83	+0.003%	—	$30.3M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.56	+0.244%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.35	+0.176%	$39K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.49	+0.221%	$502K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.30	+0.159%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	302.74	−0.026%	$77K	$601K	5x
Bullet TAO-USD	+0.0100%	1h	302.81	−0.004%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	302.85	+0.010%	$58K	$276K	10x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	302.82	long leg	$2K	$1.8M	20x
HTX TAO-USDT	+0.0100%	4h	302.49	−0.109%	$121K	$363K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	302.78	−0.013%	$3.2M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	302.93	+0.037%	$166K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	302.59	−0.076%	$619	$491K	5x	as long as short
Paradex TAO-USD-PERP	+0.0154%	8h	302.44	−0.125%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	302.58	−0.079%	$357K	$371K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	302.59	−0.077%	$432K	—	100x	as long as short
BloFin TAO-USDT	+0.0340%	4h	302.76	−0.020%	$4.2M	$9.3M	100x	as long as short
Lighter TAO	+0.0352%	1h	303.07	+0.081%	$1.6M	$5.3M	5x	as long as short
Nado TAO-PERP	+0.0373%	1h	302.56	−0.085%	$816K	$1.9M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0380%	1h	302.96	+0.047%	$21K	$1.4M	25x	as long as short
01 Exchange TAOUSD	+0.0400%	1h	302.67	−0.050%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0424%	1h	302.95	+0.043%	$377K	$757K	10x	as long as short
Phoenix TAO	+0.0521%	1h	302.70	−0.040%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	302.66	−0.052%	$348	—	20x	as long as short
Extended TAO-USD	+0.0848%	1h	302.59	−0.077%	$835K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	303.05	+0.076%	$1.4M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1043%	1h	302.91	+0.029%	$5.7M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1071%	1h	303.14	+0.106%	$92.0M	$80.4M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	302.78	−0.013%	$410K	$545K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.952%	$22K	$264	12x	as long as short