Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: SunX against Popdex+0.103%7-day average −0.003% · you sell dearer than you buy

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

Long on Popdex Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now +0.103%, 7d avg −0.003%

Together, before fees−0.052%−$5 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 0.106% dearer against Popdex than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex TAOUSDT	319.68	0.0096	pay 0.0012% / 1h	9m 51s	$47K	$714K	20x
Short	SunX TAO-USDT	320.01	0.0100	get 0.0050% / 4h	9m 51s	$1K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Popdex. 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 PopdexbpFee SunXbpOrdersPrice spread, now +0.103%Rate

Funding earned: $0.84
Price spread: +0.103% → −0.003%: $10.61
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$2.95
Costs to cover: 0.144%
Break-even: 31.6 days

Slippage unknown: Popdex: live order book, 29 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 Popdex live order book, 29 min ago	2.21 bp	10.1 bp −$10	72.5 bp −$725	doesn't fit	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	+0.079%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0070%	1h	319.31	−0.116%	$128K	$86K	5x	as long as short
Popdex TAOUSDTlong	+0.0096%	1h	319.68	long leg	$47K	$714K	20x
OKX TAO-USDT-SWAP	+0.0100%	8h	319.80	+0.038%	$26.6M	$132.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.60	−0.025%	$14.8M	$52.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.71	+0.009%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.32	−0.113%	$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	+0.103%	$1K	$2.0M	20x
HTX TAO-USDT	+0.0100%	4h	319.91	+0.072%	$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	+0.079%	$412K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	319.55	−0.041%	$838	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0128%	1h	320.59	+0.286%	$176K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0139%	1h	319.58	−0.031%	$46K	$259K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0176%	4h	320.34	+0.206%	$52K	$294K	10x	as long as short
edgeX TAOUSDC	+0.0184%	4h	317.44	−0.701%	$42K	$321K	10x	as long as short
MEXC TAO_USDT	+0.0188%	4h	319.87	+0.059%	$104.6M	$152.8M	300x	as long as short
Binance TAOUSDT	+0.0193%	4h	319.91	+0.071%	$92.6M	$533.8M	75x	as long as short
Paradex TAO-USD-PERP	+0.0265%	8h	319.56	−0.037%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0272%	4h	319.84	+0.050%	—	$37.4M	—	as long as short
Bybit TAOUSDT	+0.0274%	4h	319.96	+0.088%	$70.4M	$157.2M	50x	as long as short
Bullet TAO-USD	+0.0300%	1h	320.36	+0.212%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0313%	1h	319.56	−0.036%	$375K	$466K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0322%	4h	319.53	−0.047%	$544K	$907K	10x	as long as short
Phemex TAOUSDT	+0.0352%	4h	320.22	+0.169%	$3.2M	$8.2M	50x	as long as short
Aster TAOUSDT	+0.0356%	4h	319.95	+0.085%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0384%	1h	319.73	+0.017%	$911K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0429%	4h	319.96	+0.088%	$4.7M	$11.0M	100x	as long as short
Nado TAO-PERP	+0.0458%	1h	320.42	+0.232%	$788K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	320.01	+0.103%	$101K	$384K	5x	as long as short
Variational Omni TAO	+0.0568%	4h	319.84	+0.050%	$5.6M	$10.1M	—	as long as short
Phoenix TAO	+0.0629%	1h	319.90	+0.069%	$321K	$703K	5x	as long as short
Lighter TAO	+0.0632%	1h	320.66	+0.306%	$1.6M	$6.9M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0679%	1h	320.46	+0.245%	$15K	$1.9M	25x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	320.34	+0.206%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0698%	1h	320.27	+0.185%	$299K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	320.59	+0.283%	$369	—	20x	as long as short
Hyperliquid TAO	+0.0707%	1h	319.75	+0.022%	$94.7M	$110.0M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0827%	1h	320.54	+0.270%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	319.81	+0.039%	$454K	$662K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.39	+0.222%	$1.3M	$7.2M	50x	as long as short
Bulk TAO-USD	+0.1572%	1h	317.17	−0.785%	$169K	$0	10x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	318.80	−0.275%	$23K	$2K	12x	as long as short