Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0348%/8h= −38.1% APRpaid last 24h −0.004%

Price spread now: SunX against Pacifica−0.007%7-day average −0.011% · you buy dearer than you sell

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

Long on Pacifica Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now −0.007%, 7d avg −0.011%

Together, before fees+0.066%+ Points / potential airdropPacifica: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.011%, so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.001% in total (about -0.0% a year). A funding rate is set anew for every payment. 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	Pacifica TAO	322.95	0.0448	pay 0.0056% / 1h	28m 57s	$382K	$402K	10x
Short	SunX TAO-USDT	322.93	0.0100	get 0.0050% / 4h	1h 28m	$2K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Pacifica. 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 PacificabpFee SunXbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$73.06
Price spread: −0.007% → −0.011%: $0.39
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$88.67
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 35 min ago; SunX: live order book, 7 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 Pacifica live order book, 35 min ago	3.77 bp	8.6 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 7 min ago	494.87 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	−0.5583%	1h	316.49	−2.001%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	322.80	−0.048%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	322.61	−0.106%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	323.04	+0.027%	$33K	$674K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	323.60	+0.201%	$94.6M	$479.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.50	+0.170%	$26.6M	$119.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.30	+0.108%	$13.3M	$49.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	323.62	+0.207%	$99.8M	$141.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	322.25	−0.217%	$18.1M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	323.34	+0.120%	$36.2M	$54.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	324.24	+0.399%	$37K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	323.03	+0.024%	$87K	$790K	5x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	322.93	−0.007%	$2K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	323.29	+0.105%	$131K	$482K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.20	+0.077%	$3.5M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	323.50	+0.168%	$178K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0112%	4h	323.12	+0.052%	$58K	$282K	10x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	323.05	+0.030%	$687	$776K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0161% / S +0.0125%	1h	322.57	−0.120%	$449K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0243%	1h	322.90	−0.015%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0264%	4h	323.95	+0.309%	$537K	$964K	10x	as long as short
Bullet TAO-USD	+0.0294%	1h	322.97	+0.006%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0311%	8h	323.27	+0.097%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	322.64	−0.097%	$4.6M	$11.2M	100x	as long as short
Aster TAOUSDT	+0.0372%	4h	322.62	−0.103%	$1.1M	$9.6M	50x	as long as short
Pacifica TAOlong	+0.0448%	1h	322.95	long leg	$382K	$402K	10x
Phoenix TAO	+0.0504%	1h	324.60	+0.510%	$339K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	323.47	+0.160%	$101K	$487K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0529%	1h	323.28	+0.101%	$21K	$1.6M	25x	as long as short
BingX TAO-USDT	+0.0566%	4h	323.77	+0.253%	—	$30.3M	—	as long as short
Nado TAO-PERP	+0.0579%	1h	323.15	+0.062%	$793K	$2.2M	10x	as long as short
Bybit TAOUSDT	+0.0588%	4h	323.71	+0.235%	$70.9M	$143.6M	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	322.92	−0.009%	$371	—	20x	as long as short
ApeX Omni TAOUSDT	+0.0723%	1h	323.82	+0.269%	$48K	$253K	50x	as long as short
01 Exchange TAOUSD	+0.0784%	1h	323.32	+0.114%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0864%	1h	323.41	+0.141%	$944K	$2.3M	25x	as long as short
Variational Omni TAO	+0.0868%	4h	323.85	+0.278%	$6.0M	$9.8M	—	as long as short
Lighter TAO	+0.0904%	1h	323.19	+0.074%	$1.6M	$6.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	323.38	+0.133%	$1.5M	$6.7M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1060%	1h	322.97	+0.006%	$444K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	323.01	+0.020%	$459K	$638K	5x	as long as short
Hyperliquid TAO	+0.1284%	1h	323.03	+0.024%	$101.5M	$99.0M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	+0.129%	$24K	$2K	12x	as long as short