Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.002%

Price spread now: SunX against Katana Perps−0.115%7-day average −0.029% · you buy dearer than you sell

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

Long on Katana Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.150%−$15 on $10k

Price spread, last 4 days (all we have)+0.175%+$17 · spread now −0.115%, 7d avg −0.029%

Together, before fees+0.025%+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SunX is 0.086% cheaper against Katana Perps than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps TAO-USD	313.70	0.0102	pay 0.0102% / 8h	4h 55m	$1K	$1.3M	5x
Short	SunX TAO-USDT	313.34	0.0100	get 0.0050% / 4h	55m 17s	$1K	$1.7M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Katana Perps. 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 Katana PerpsbpFee SunXbpOrdersPrice spread, now −0.115%Rate

Funding earned: −$0.39
Price spread: −0.115% → −0.029%: −$8.62
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$20.81
Costs to cover: 0.118%
Break-even: never at this rate

Slippage unknown: Katana Perps: no order-book sample; SunX: live order book, 5 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 Katana Perps no order-book sample	—	—	—	—	—
Sell SunX live order book, 5 min ago	500.16 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Katana Perps: 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 exchanges

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 −0.0003%	1h	313.39	−0.099%	$19K	—	150x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.80	+0.032%	$26.8M	$125.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.60	−0.032%	$16.1M	$46.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.74	+0.013%	$17.3M	$30.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.51	−0.061%	$35.5M	$54.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.91	+0.067%	$45K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.78	+0.026%	$68K	$1.1M	5x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	313.34	−0.115%	$1K	$1.7M	20x
HTX TAO-USDT	+0.0100%	4h	313.25	−0.143%	$114K	$551K	20x	as long as short
Katana Perps TAO-USDlong	+0.0102%	8h	313.70	long leg	$1K	$1.3M	5x

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended TAO-USD	+0.0104%	1h	313.63	−0.023%	$942K	$2.1M	25x	as long as short
Aevo TAO-PERP	+0.0120%	1h	313.93	+0.073%	$172K	$998	3x	as long as short
Popdex TAOUSDT	+0.0168%	1h	313.96	+0.083%	$54K	$633K	20x	as long as short
edgeX TAOUSDC	+0.0169%	4h	313.98	+0.088%	$41K	$324K	10x	as long as short
MEXC TAO_USDT	+0.0170%	4h	313.81	+0.035%	$111.4M	$146.2M	300x	as long as short
Binance TAOUSDT	+0.0172%	4h	313.80	+0.030%	$93.2M	$506.4M	75x	as long as short
Pacifica TAO	+0.0223%	1h	314.08	+0.121%	$371K	$445K	10x	as long as short
dYdX TAO-USD	+0.0267%	1h	313.58	−0.038%	$264K	$230K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0280%	4h	314.03	+0.105%	$534K	$786K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0281%	4h	313.68	−0.006%	$52K	$262K	10x	as long as short
Paradex TAO-USD-PERP	+0.0307%	8h	314.08	+0.120%	$14K	$769	10x	as long as short
Aster TAOUSDT	+0.0346%	4h	313.89	+0.059%	$1.2M	$11.4M	50x	as long as short
BingX TAO-USDT	+0.0360%	4h	313.75	+0.016%	—	$37.9M	—	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0368% / S −0.0112%	1h	313.24	−0.147%	$375K	—	100x	as long as short
Bybit TAOUSDT	+0.0370%	4h	313.87	+0.054%	$69.6M	$154.1M	50x	as long as short
Bullet TAO-USD	+0.0395%	1h	313.78	+0.026%	$12K	$16K	20x	as long as short
Phemex TAOUSDT	+0.0410%	4h	313.99	+0.092%	$3.1M	$8.3M	50x	as long as short
BloFin TAO-USDT	+0.0410%	4h	313.91	+0.067%	$4.9M	$10.4M	100x	as long as short
Lighter TAO	+0.0432%	1h	313.96	+0.083%	$1.6M	$6.7M	5x	as long as short
Nado TAO-PERP	+0.0443%	1h	314.07	+0.117%	$668K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0587%	1h	314.28	+0.185%	$99K	$284K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0594%	1h	313.63	−0.021%	$27K	$1.9M	25x	as long as short
Variational Omni TAO	+0.0597%	4h	314.17	+0.150%	$5.8M	$9.7M	—	as long as short
Phoenix TAO	+0.0650%	1h	314.40	+0.223%	$316K	$701K	5x	as long as short
Hyperliquid TAO	+0.0684%	1h	313.92	+0.070%	$94.0M	$105.2M	5x	as long as short
RISEx TAO/USDC	+0.0694%	1h	313.89	+0.060%	$438K	$657K	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	313.69	−0.002%	$361	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0728%	1h	314.09	+0.124%	$1.1M	$7.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0861%	1h	313.85	+0.049%	$6.3M	$19.5M	50x	as long as short
01 Exchange TAOUSD	+0.0912%	1h	314.40	+0.223%	$3K	$2K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1001%	1h	313.84	+0.045%	$295K	$1.1M	10x	as long as short
Bulk TAO-USD	+0.1436%	1h	313.89	+0.061%	$166K	$662	10x	as long as short
Injective TAO/USDC PERP	+0.4136%	1h	318.16	+1.422%	$23K	$2K	12x	as long as short