Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0056%/8h= +6.2% APRpaid last 24h −0.004%

Price spread now: SunX against dYdX+0.006%7-day average +0.037% · you sell dearer than you buy

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

Long on dYdX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 4 days (all we have)+0.094%+$9 · spread now +0.006%, 7d avg +0.037%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. SunX is 0.030% cheaper against dYdX than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.037%). If the spread goes back, that is −$3 on $10k: about 43 hours of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.068%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TAO-USD	314.36	0.0044	pay 0.0005% / 1h	24m 20s	$125K	$85K	5x
Short	SunX TAO-USDT	314.38	0.0100	get 0.0050% / 4h	2h 24m	$1K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against dYdX. 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 dYdXbpFee SunXbpOrdersPrice spread, now +0.006%Rate

Funding earned: $11.86
Price spread: +0.006% → +0.037%: −$3.02
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$9.17
Costs to cover: 0.180%
Break-even: 12.4 days

Slippage unknown: dYdX: live order book, 25 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 dYdX live order book, 25 min ago	40.60 bp	45.6 bp −$46	50.4 bp −$504	116.9 bp −$11.7K	852.2 bp −$426.1K
Sell SunX live order book, 2 min ago	499.03 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.31	−0.014%	$20K	—	150x	as long as short
dYdX TAO-USDlong	+0.0044%	1h	314.36	long leg	$125K	$85K	5x
Binance TAOUSDT	+0.0100%	4h	314.53	+0.054%	$90.3M	$508.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.40	+0.013%	$26.3M	$122.5M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	313.47	−0.283%	$167K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.40	+0.013%	$14.0M	$51.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.83	+0.150%	$108.8M	$146.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.82	+0.146%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.04	−0.102%	$35.5M	$57.1M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.26	−0.350%	$41K	$314K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	314.78	+0.134%	$90K	$920K	5x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	314.38	+0.006%	$1K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	313.54	−0.261%	$113K	$554K	20x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	314.72	+0.115%	$644	$928K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.42	+0.019%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0122%	4h	314.41	+0.016%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0128% / S +0.0140%	1h	314.29	−0.023%	$421K	—	100x	as long as short
Popdex TAOUSDT	+0.0136%	1h	315.02	+0.210%	$52K	$669K	20x	as long as short
Phemex TAOUSDT	+0.0192%	4h	313.96	−0.127%	$3.2M	$8.0M	50x	as long as short
Aster TAOUSDT	+0.0211%	4h	314.31	−0.015%	$1.3M	$10.6M	50x	as long as short
Pacifica TAO	+0.0233%	1h	314.76	+0.127%	$358K	$419K	10x	as long as short
Nado TAO-PERP	+0.0265%	1h	315.03	+0.212%	$777K	$2.2M	10x	as long as short
Paradex TAO-USD-PERP	+0.0272%	8h	315.06	+0.224%	$14K	$1K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.36	−0.001%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0327%	1h	314.78	+0.132%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.97	−0.124%	$4.6M	$10.9M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0348%	4h	314.02	−0.109%	$533K	$923K	10x	as long as short
ApeX Omni TAOUSDT	+0.0359%	1h	313.36	−0.318%	$44K	$256K	50x	as long as short
Bybit TAOUSDT	+0.0423%	4h	314.62	+0.083%	$68.4M	$152.5M	50x	as long as short
BingX TAO-USDT	+0.0430%	4h	314.66	+0.095%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0439%	4h	313.02	−0.427%	$5.5M	$10.1M	—	as long as short
Arcus TAO-USD	+0.0483%	1h	315.13	+0.245%	$101K	$345K	5x	as long as short
Extended TAO-USD	+0.0488%	1h	314.19	−0.053%	$896K	$2.4M	25x	as long as short
Phoenix TAO	+0.0513%	1h	313.30	−0.337%	$312K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0580%	1h	314.43	+0.021%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.71	+0.110%	$362	—	20x	as long as short
01 Exchange TAOUSD	+0.0760%	1h	315.42	+0.337%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0776%	1h	314.93	+0.183%	$1.5M	$6.6M	5x	as long as short
Hyperliquid TAO	+0.0803%	1h	315.10	+0.235%	$92.1M	$108.5M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0812%	1h	314.16	−0.064%	$312K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	315.03	+0.213%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	314.82	+0.148%	$456K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	319.48	+1.629%	$23K	$2K	12x	as long as short