Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0597%/8h= +65.3% APRpaid last 24h +0.178%

Price spread now: Reya against SunX+0.053%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Reya is 0.053% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	313.93	0.0100	pay 0.0050% / 4h	3h 52m	$1K	$1.9M	20x
Short	Reya TAORUSDPERP	314.10	0.0697	get 0.0087% / 1h	52m 01s	$361	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.053%Rate

Funding earned: $125.32
Price spread: +0.053% → 0.000%: $5.28
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $116.6
Costs to cover: 0.140%
Break-even: 0.5 days

Slippage unknown: SunX: live order book, 4 min ago; Reya: no order-book sample. 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, 4 min ago	500.26 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0346%	1h	313.91	−0.006%	$5.5M	$20.6M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	313.91	−0.006%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.92	−0.004%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.19	+0.083%	$43K	$653K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.04	+0.035%	$1K	$807K	5x	as long as short
Pacifica TAO	+0.0100%	1h	314.14	+0.067%	$358K	$412K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.75	−0.058%	$90.4M	$496.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.01	+0.025%	$67.6M	$149.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.80	−0.041%	$26.0M	$120.5M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.10	+0.373%	$167K	$2K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	313.50	−0.137%	$13.0M	$49.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.69	−0.076%	$100.8M	$143.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.99	+0.019%	$17.8M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.56	−0.118%	$35.0M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.74	−0.061%	—	$33.0M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.34	+0.130%	$42K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.64	−0.094%	$532K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.29	+0.115%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.95	+0.006%	$81K	$866K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.13	+0.065%	$11K	$18K	20x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	313.93	long leg	$1K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	314.02	+0.029%	$109K	$535K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.11	+0.057%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0122%	4h	313.96	+0.010%	$52K	$270K	10x	as long as short
Aster TAOUSDT	+0.0137%	4h	314.01	+0.025%	$1.2M	$10.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0142% / S +0.0124%	1h	313.85	−0.024%	$427K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0144%	8h	314.23	+0.095%	$14K	$1K	10x	as long as short
Hyperliquid TAO	+0.0161%	1h	313.93	0.000%	$92.1M	$106.7M	5x	as long as short
Phemex TAOUSDT	+0.0172%	4h	314.19	+0.083%	$3.2M	$8.1M	50x	as long as short
Extended TAO-USD	+0.0184%	1h	313.93	+0.001%	$918K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0202%	1h	314.26	+0.106%	$798K	$2.2M	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	314.54	+0.194%	$102K	$441K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.49	+0.178%	$4.6M	$10.8M	100x	as long as short
Lighter TAO	+0.0360%	1h	314.23	+0.095%	$1.5M	$6.4M	5x	as long as short
Variational Omni TAO	+0.0362%	4h	313.70	−0.073%	$5.6M	$9.9M	—	as long as short
01 Exchange TAOUSD	+0.0392%	1h	314.61	+0.217%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0414%	1h	313.82	−0.035%	$312K	$914K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0431%	1h	314.06	+0.042%	$21K	$1.7M	25x	as long as short
Phoenix TAO	+0.0457%	1h	313.90	−0.010%	$312K	$711K	5x	as long as short
Reya TAORUSDPERPshort	+0.0697%	1h	314.10	+0.053%	$361	—	20x
RISEx TAO/USDC	+0.0816%	1h	314.27	+0.110%	$435K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	314.97	+0.331%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.67	+1.191%	$23K	$2K	12x	as long as short