Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.088%

Price spread now: SunX against 01 Exchange−0.104%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 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 against this trade now: funding costs −$4 a day on $10k at the current rate, and SunX is 0.104% cheaper against 01 Exchange than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	316.44	0.0224	pay 0.0028% / 1h	44m 22s	$3K	$4K	5x
Short	SunX TAO-USDT	316.11	0.0100	get 0.0050% / 4h	44m 22s	$1K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against 01 Exchange. 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 01 ExchangebpFee SunXbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$26.04
Price spread: −0.104% → 0.000%: −$10.43
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$51.47
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; SunX: live order book, 2 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 01 Exchange no order-book sample	—	—	—	—	—
Sell SunX live order book, 2 min ago	500.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

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 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	−0.0482%	1h	315.13	−0.414%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.83	−0.193%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.94	−0.157%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.97	−0.149%	$5.6M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.25	−0.060%	$42K	$686K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.26	−0.057%	$91.2M	$489.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.00	−0.139%	$26.0M	$119.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.80	−0.202%	$12.9M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.22	−0.070%	$105.7M	$142.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.09	−0.111%	$17.6M	$31.6M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	315.79	−0.205%	$35.3M	$55.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.77	−0.212%	$35K	$304K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.84	−0.190%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.02	−0.133%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	316.27	−0.054%	$12K	$18K	20x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	316.11	−0.104%	$1K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	315.84	−0.190%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.90	−0.171%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	315.84	−0.190%	$647	$785K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.98	−0.144%	$174K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0106%	4h	314.83	−0.508%	$524K	$944K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0125%	4h	316.03	−0.130%	$57K	$275K	10x	as long as short
Bybit TAOUSDT	+0.0145%	4h	316.23	−0.066%	$68.8M	$146.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0152% / S +0.0116%	1h	315.99	−0.143%	$429K	—	100x	as long as short
BingX TAO-USDT	+0.0184%	4h	316.10	−0.107%	—	$30.1M	—	as long as short
Paradex TAO-USD-PERP	+0.0192%	8h	315.91	−0.167%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0194%	1h	316.09	−0.110%	$808K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0221%	4h	316.19	−0.079%	$1.2M	$10.1M	50x	as long as short
01 Exchange TAOUSDlong	+0.0224%	1h	316.44	long leg	$3K	$4K	5x
Hyperliquid TAO	+0.0269%	1h	316.36	−0.025%	$94.2M	$105.1M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0309%	1h	316.07	−0.117%	$317K	$910K	10x	as long as short
Extended TAO-USD	+0.0328%	1h	316.26	−0.056%	$922K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.23	−0.066%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	316.53	+0.028%	$100K	$488K	5x	as long as short
Pacifica TAO	+0.0365%	1h	316.04	−0.126%	$362K	$409K	10x	as long as short
Lighter TAO	+0.0416%	1h	316.23	−0.066%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0490%	1h	316.14	−0.094%	$11K	$1.6M	25x	as long as short
Phoenix TAO	+0.0581%	1h	316.10	−0.107%	$315K	$697K	5x	as long as short
Variational Omni TAO	+0.0641%	4h	315.94	−0.159%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.15	−0.092%	$364	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	316.30	−0.044%	$437K	$658K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.38	−0.019%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.61	+1.002%	$23K	$2K	12x	as long as short