Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0731%/8h= +80.1% APRpaid last 24h +0.190%

Price spread now: RISEx against SunX+0.110%7-day average +0.020% · you sell dearer than you buy

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

Long on SunX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.516%+$52 on $10k

Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.110%, 7d avg +0.020%

Together, before fees+0.404%+$40 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and RISEx is 0.090% dearer against SunX than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.020%.

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	21m 14s	$2K	$2.0M	20x
Short	RISEx TAO/USDC	315.69	0.0831	get 0.0104% / 1h	21m 14s	$446K	$658K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.110%Rate

Funding earned: $153.57
Price spread: +0.110% → +0.020%: $8.99
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $148.55
Costs to cover: 0.140%
Break-even: 0.2 days

Slippage unknown: SunX: live order book, 5 min ago; RISEx: live order book, 17 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	500.23 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 17 min ago	2.68 bp	5.7 bp −$6	27.0 bp −$270	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	315.22	−0.038%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0056%	1h	315.36	+0.006%	$126K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.84	+0.159%	$45K	$714K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.40	+0.019%	$26.3M	$129.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.20	−0.044%	$14.5M	$51.8M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.42	+0.025%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.15	−0.060%	$35.4M	$57.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.06	+0.228%	$45K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.51	+0.054%	$87K	$1.2M	5x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	315.34	long leg	$2K	$2.0M	20x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	315.16	−0.057%	$115K	$603K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0105% / S +0.0138%	1h	315.09	−0.081%	$402K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	315.50	+0.051%	$828	$1.1M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	315.57	+0.075%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0162%	4h	315.32	−0.006%	$52K	$294K	10x	as long as short
edgeX TAOUSDC	+0.0165%	4h	315.99	+0.205%	$42K	$319K	10x	as long as short
MEXC TAO_USDT	+0.0170%	4h	315.49	+0.048%	$102.5M	$152.2M	300x	as long as short
Binance TAOUSDT	+0.0171%	4h	315.62	+0.088%	$91.4M	$530.9M	75x	as long as short
Paradex TAO-USD-PERP	+0.0240%	8h	315.50	+0.052%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0250%	4h	315.46	+0.038%	—	$37.3M	—	as long as short
Bybit TAOUSDT	+0.0256%	4h	315.66	+0.101%	$69.1M	$156.7M	50x	as long as short
Bullet TAO-USD	+0.0268%	1h	315.76	+0.133%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0302%	4h	315.30	−0.012%	$536K	$921K	10x	as long as short
Pacifica TAO	+0.0313%	1h	315.61	+0.086%	$370K	$462K	10x	as long as short
Aster TAOUSDT	+0.0334%	4h	315.60	+0.082%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0352%	1h	315.35	+0.004%	$899K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0411%	4h	315.72	+0.121%	$4.7M	$10.9M	100x	as long as short
Phemex TAOUSDT	+0.0449%	4h	315.50	+0.051%	$3.2M	$8.2M	50x	as long as short
Nado TAO-PERP	+0.0467%	1h	315.65	+0.099%	$781K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	315.98	+0.203%	$99K	$384K	5x	as long as short
Lighter TAO	+0.0512%	1h	315.78	+0.139%	$1.6M	$6.9M	5x	as long as short
Variational Omni TAO	+0.0561%	4h	315.37	+0.008%	$5.5M	$10.2M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0569%	1h	315.38	+0.012%	$15K	$1.9M	25x	as long as short
Phoenix TAO	+0.0629%	1h	316.40	+0.336%	$318K	$703K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0659%	1h	315.52	+0.057%	$292K	$904K	10x	as long as short
01 Exchange TAOUSD	+0.0664%	1h	316.21	+0.276%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	315.42	+0.024%	$363	—	20x	as long as short
Hyperliquid TAO	+0.0710%	1h	315.69	+0.111%	$93.2M	$110.4M	5x	as long as short
RISEx TAO/USDCshort	+0.0831%	1h	315.69	+0.110%	$446K	$658K	5x
Kraken Futures PF_TAOUSD	+0.0840%	1h	315.60	+0.081%	$5.9M	$21.7M	50x	as long as short
Bulk TAO-USD	+0.0951%	1h	316.68	+0.425%	$168K	$0	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	316.41	+0.339%	$1.4M	$6.9M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	318.80	+1.097%	$23K	$2K	12x	as long as short