Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against OKX+0.066%7-day average +0.019% · you sell dearer than you buy

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

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now +0.066%, 7d avg +0.019%

Together, before fees+0.022%+$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 0.047% dearer against OKX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TAO-USDT-SWAP	319.80	0.0100	pay 0.0100% / 8h	10m 06s	$26.7M	$132.4M	50x
Short	SunX TAO-USDT	320.01	0.0100	get 0.0050% / 4h	10m 06s	$1K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now +0.066%Rate

Funding earned: $0
Price spread: +0.066% → +0.019%: $4.68
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$13.32
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: OKX: live order book, 4 min ago; SunX: live order book, 6 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 OKX live order book, 4 min ago	1.57 bp	8.7 bp −$9	15.0 bp −$150	55.4 bp −$5,536	doesn't fit
Sell SunX live order book, 6 min ago	500.16 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 −0.0005%	1h	319.93	+0.041%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0070%	1h	319.31	−0.153%	$128K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.68	−0.038%	$47K	$714K	20x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	319.80	long leg	$26.7M	$132.4M	50x
Gate TAO_USDT	+0.0100%	4h	319.90	+0.031%	$14.9M	$52.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.42	+0.194%	$18.0M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.61	−0.059%	$36.0M	$58.0M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.74	−0.019%	$88K	$1.2M	5x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	320.01	+0.066%	$1K	$2.0M	20x
HTX TAO-USDT	+0.0100%	4h	319.91	+0.034%	$117K	$602K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX TAO/USD [WBTC.b-USDC]	L +0.0103% / S +0.0137%	1h	319.93	+0.042%	$412K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	319.55	−0.078%	$838	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0128%	1h	320.59	+0.248%	$176K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0139%	1h	319.58	−0.069%	$46K	$259K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0176%	4h	320.34	+0.169%	$52K	$294K	10x	as long as short
edgeX TAOUSDC	+0.0184%	4h	317.44	−0.738%	$42K	$321K	10x	as long as short
MEXC TAO_USDT	+0.0188%	4h	320.15	+0.109%	$104.7M	$152.8M	300x	as long as short
Binance TAOUSDT	+0.0193%	4h	320.02	+0.069%	$92.6M	$533.7M	75x	as long as short
Paradex TAO-USD-PERP	+0.0265%	8h	319.56	−0.075%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0272%	4h	320.10	+0.094%	—	$37.4M	—	as long as short
Bybit TAOUSDT	+0.0274%	4h	320.01	+0.066%	$70.4M	$157.2M	50x	as long as short
Bullet TAO-USD	+0.0300%	1h	320.36	+0.174%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0313%	1h	319.56	−0.074%	$375K	$466K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0322%	4h	319.53	−0.085%	$544K	$907K	10x	as long as short
Phemex TAOUSDT	+0.0352%	4h	320.22	+0.131%	$3.2M	$8.2M	50x	as long as short
Aster TAOUSDT	+0.0356%	4h	320.00	+0.063%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0384%	1h	319.73	−0.020%	$911K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0429%	4h	319.96	+0.050%	$4.7M	$11.0M	100x	as long as short
Nado TAO-PERP	+0.0458%	1h	320.42	+0.195%	$788K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	320.01	+0.066%	$101K	$384K	5x	as long as short
Variational Omni TAO	+0.0568%	4h	319.84	+0.013%	$5.6M	$10.1M	—	as long as short
Phoenix TAO	+0.0629%	1h	319.90	+0.031%	$321K	$703K	5x	as long as short
Lighter TAO	+0.0632%	1h	320.66	+0.268%	$1.6M	$6.9M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0679%	1h	320.46	+0.207%	$15K	$1.9M	25x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	320.34	+0.169%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0698%	1h	320.27	+0.147%	$299K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	320.59	+0.245%	$369	—	20x	as long as short
Hyperliquid TAO	+0.0709%	1h	320.25	+0.141%	$94.8M	$110.8M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0827%	1h	320.54	+0.232%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	319.81	+0.002%	$454K	$662K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.39	+0.184%	$1.3M	$7.2M	50x	as long as short
Bulk TAO-USD	+0.1572%	1h	317.17	−0.822%	$169K	$0	10x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	318.80	−0.313%	$23K	$2K	12x	as long as short