Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.002%

Price spread now: SunX against Polymarket Perps−0.022%7-day average +0.009% · you buy dearer than you sell

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

Long on Polymarket Perps Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.135%+$14 on $10k

Price spread, last 4 days (all we have)+0.065%+$7 · spread now −0.022%, 7d avg +0.009%

Together, before fees+0.201%+$20 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 0.032% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	312.40	0.0100	pay 0.0013% / 1h	16m 09s	$82K	$905K	5x
Short	SunX TAO-USDT	312.33	0.0100	get 0.0050% / 4h	3h 16m	$2K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Polymarket 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 Polymarket PerpsbpFee SunXbpOrdersPrice spread, now −0.022%Rate

Funding earned: $0
Price spread: −0.022% → +0.009%: −$3.19
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$19.19
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 37 min ago; SunX: live order book, 10 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 Polymarket Perps live order book, 37 min ago	0.96 bp	5.0 bp −$5	9.4 bp −$94	doesn't fit	doesn't fit
Sell SunX live order book, 10 min ago	500.21 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
Kraken Futures PF_TAOUSD	−0.0347%	1h	312.44	+0.012%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.33	−0.022%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0011%	1h	312.57	+0.054%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.56	+0.051%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	312.45	+0.016%	$640	$845K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.87	+0.151%	$356K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.57	+0.055%	$89.5M	$501.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.60	+0.064%	$26.1M	$121.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.40	0.000%	$13.3M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.58	+0.058%	$103.1M	$145.6M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	312.44	+0.013%	$17.8M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.32	−0.026%	$35.1M	$56.5M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.63	−0.247%	$41K	$314K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.55	−0.273%	$529K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.33	−0.022%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USDlong	+0.0100%	1h	312.40	long leg	$82K	$905K	5x
Bullet TAO-USD	+0.0100%	1h	312.63	+0.074%	$12K	$17K	20x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	312.33	−0.022%	$2K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	312.20	−0.064%	$110K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.63	+0.074%	$3.1M	$8.0M	50x	as long as short
BingX TAO-USDT	+0.0104%	4h	312.56	+0.051%	—	$33.7M	—	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.71	+0.101%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	312.53	+0.042%	$52K	$290K	10x	as long as short
Aster TAOUSDT	+0.0117%	4h	312.53	+0.042%	$1.3M	$10.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0136% / S +0.0132%	1h	312.30	−0.033%	$422K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0160%	8h	312.93	+0.168%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0200%	4h	312.70	+0.096%	$67.4M	$150.6M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	313.06	+0.211%	$101K	$394K	5x	as long as short
Variational Omni TAO	+0.0308%	4h	311.97	−0.138%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0320%	1h	312.43	+0.011%	$914K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0333%	1h	312.59	+0.060%	$789K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.40	+0.320%	$4.5M	$10.8M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0428%	1h	312.50	+0.033%	$13K	$1.8M	25x	as long as short
Phoenix TAO	+0.0457%	1h	313.70	+0.416%	$312K	$711K	5x	as long as short
Hyperliquid TAO	+0.0476%	1h	312.78	+0.122%	$91.9M	$107.8M	5x	as long as short
01 Exchange TAOUSD	+0.0488%	1h	312.97	+0.182%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0505%	1h	312.63	+0.074%	$311K	$885K	10x	as long as short
Lighter TAO	+0.0640%	1h	312.83	+0.138%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.52	+0.039%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.63	+0.074%	$443K	$647K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	−0.473%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	313.56	+0.371%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	316.67	+1.367%	$23K	$2K	12x	as long as short