Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.1148%/8h= +125.7% APRpaid last 24h +0.078%

Price spread now: 01 Exchange against SunX+0.038%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 01 Exchange

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—needs both histories

Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and 01 Exchange is 0.038% dearer against SunX than usual: you sell high and buy low: +$4 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	319.90	0.0100	pay 0.0050% / 4h	3h 59m	$1K	$1.8M	20x
Short	01 Exchange TAOUSD	320.02	0.1248	get 0.0156% / 1h	59m 07s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.038%Rate

Funding earned: $241.08
Price spread: +0.038% → 0.000%: $3.75
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $229.83
Costs to cover: 0.150%
Break-even: 0.3 days

Slippage unknown: SunX: live order book, 7 min ago; 01 Exchange: 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, 7 min ago	500.18 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 42 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	−0.2086%	1h	311.96	−2.482%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.20	−0.219%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.57	−0.414%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.78	−0.350%	$40K	$572K	20x	as long as short
Pacifica TAO	+0.0100%	1h	319.44	−0.145%	$378K	$371K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	319.11	−0.247%	$90.5M	$435.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	319.30	−0.188%	$65.4M	$129.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.20	−0.219%	$25.9M	$105.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.00	−0.281%	$12.9M	$49.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	318.92	−0.306%	$114.6M	$130.3M	300x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	319.04	−0.269%	$19.0M	$28.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.92	−0.306%	$35.7M	$48.2M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	319.18	−0.225%	—	$30.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.96	−1.230%	$42K	$283K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	317.42	−0.774%	$531K	$942K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.82	−1.275%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.20	−0.531%	$117K	$613K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	319.83	−0.022%	$61K	$281K	10x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	319.90	long leg	$1K	$1.8M	20x
HTX TAO-USDT	+0.0100%	4h	320.14	+0.075%	$128K	$423K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	319.01	−0.278%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	320.18	+0.088%	$176K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	318.58	−0.411%	$453K	—	100x	as long as short
Arcus TAO-USD	+0.0186%	1h	319.59	−0.097%	$84K	$545K	5x	as long as short
Aster TAOUSDT	+0.0194%	4h	318.89	−0.315%	$1.1M	$8.0M	50x	as long as short
Paradex TAO-USD-PERP	+0.0210%	8h	319.53	−0.116%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0233%	4h	316.35	−1.109%	$5.4M	$8.5M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.28	−0.194%	$4.4M	$10.8M	100x	as long as short
Bullet TAO-USD	+0.0432%	1h	319.02	−0.275%	$12K	$17K	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0479%	1h	319.93	+0.011%	$5.8M	$20.2M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0521%	1h	319.84	−0.018%	$29K	$1.5M	25x	as long as short
Phoenix TAO	+0.0537%	1h	316.20	−1.157%	$331K	$519K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	317.85	−0.641%	$23K	$370	12x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	318.18	−0.537%	$366	—	20x	as long as short
Extended TAO-USD	+0.0928%	1h	320.04	+0.044%	$920K	$2.2M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.30	+0.125%	$1.5M	$6.0M	50x	as long as short
RISEx TAO/USDC	+0.1141%	1h	319.47	−0.135%	$422K	$584K	5x	as long as short
01 Exchange TAOUSDshort	+0.1248%	1h	320.02	+0.038%	$3K	$4K	5x
Backpack TAO_USDC_PERP	+0.1383%	1h	319.34	−0.175%	$318K	$816K	10x	as long as short
Lighter TAO	+0.2128%	1h	320.56	+0.206%	$1.7M	$5.8M	5x	as long as short
Nado TAO-PERP	+0.2190%	1h	318.06	−0.574%	$880K	$2.0M	10x	as long as short
Hyperliquid TAO	+0.2968%	1h	319.90	0.000%	$104.2M	$87.6M	5x	as long as short