TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0298%/8h= −32.6% APRnext payment −$1.49 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bybit−0.056%7-day average −0.034% · you buy dearer than you sell

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

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.017%+$2 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.056%, 7d avg −0.034%

Together, before fees+0.069%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and SunX is 0.023% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.034%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.49 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	320.11	0.0398	pay 0.0199% / 4h	1h 43m	$69.9M	$155.9M	50x
Short	SunX TAO-USDT	319.93	0.0100	get 0.0050% / 4h	1h 43m	$1K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now −0.056%Rate

Funding earned: −$62.55
Price spread: −0.056% → −0.034%: −$2.25
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$83.8
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; 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 Bybit live order book, 5 min ago	0.16 bp	11.2 bp −$11	20.7 bp −$207	48.8 bp −$4,883	doesn't fit
Sell SunX live order book, 2 min ago	500.22 bp	doesn't fit	doesn't fit	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	−0.2101%	1h	320.87	+0.237%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	320.04	−0.023%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.84	−0.086%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.33	+0.069%	$41K	$695K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.80	−0.097%	$26.6M	$129.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.60	−0.159%	$14.2M	$51.5M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.92	−0.059%	$17.8M	$32.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.68	−0.134%	$35.9M	$58.3M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.44	+0.103%	$45K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.10	−0.003%	$75K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDTshort	+0.0100%	4h	319.93	−0.056%	$1K	$2.0M	20x
HTX TAO-USDT	+0.0100%	4h	319.75	−0.112%	$118K	$589K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	320.21	+0.031%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	320.21	+0.031%	$727	$992K	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	320.06	−0.014%	$176K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0121% / S +0.0156%	1h	319.84	−0.085%	$433K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	320.04	−0.022%	$53K	$293K	10x	as long as short
MEXC TAO_USDT	+0.0150%	4h	319.83	−0.087%	$105.1M	$149.6M	300x	as long as short
edgeX TAOUSDC	+0.0153%	4h	320.18	+0.023%	$42K	$318K	10x	as long as short
Binance TAOUSDT	+0.0156%	4h	320.00	−0.033%	$92.6M	$527.0M	75x	as long as short
Paradex TAO-USD-PERP	+0.0264%	8h	320.15	+0.014%	$15K	$1K	10x	as long as short
Aster TAOUSDT	+0.0312%	4h	320.03	−0.026%	$1.3M	$10.9M	50x	as long as short
BingX TAO-USDT	+0.0386%	4h	319.90	−0.066%	—	$34.4M	—	as long as short
Bullet TAO-USD	+0.0387%	1h	320.22	+0.034%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0390%	4h	320.36	+0.078%	$4.7M	$11.1M	100x	as long as short
Bybit TAOUSDTlong	+0.0398%	4h	320.11	long leg	$69.9M	$155.9M	50x
GRVT TAO_USDT_Perp	+0.0408%	4h	319.77	−0.106%	$544K	$948K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	319.81	−0.093%	$917K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	320.22	+0.034%	$365K	$423K	10x	as long as short
Variational Omni TAO	+0.0538%	4h	319.36	−0.235%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	320.30	+0.059%	$319K	$709K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0573%	1h	319.97	−0.045%	$14K	$1.9M	25x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	320.61	+0.156%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0641%	1h	319.97	−0.044%	$300K	$908K	10x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.60	+0.153%	$103K	$394K	5x	as long as short
Nado TAO-PERP	+0.0643%	1h	320.27	+0.051%	$802K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0668%	1h	320.15	+0.012%	$94.5M	$110.1M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	320.18	+0.021%	$368	—	20x	as long as short
Lighter TAO	+0.0840%	1h	320.32	+0.066%	$1.5M	$6.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.04	+0.291%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	320.29	+0.056%	$463K	$665K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1153%	1h	320.09	−0.006%	$6.1M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	328.25	+2.543%	$24K	$2K	12x	as long as short