Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0020%/8h= +2.2% APRpaid last 24h +0.002%

Price spread now: Aevo against SunX+0.096%7-day average +0.045% · you sell dearer than you buy

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

Long on SunX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.086%−$9 · spread now +0.096%, 7d avg +0.045%

Together, before fees−0.092%−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aevo is 0.051% dearer against SunX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.045%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	316.06	0.0100	pay 0.0050% / 4h	3h 41m	$1K	$1.9M	20x
Short	Aevo TAO-PERP	316.36	0.0120	get 0.0015% / 1h	41m 56s	$174K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now +0.096%Rate

Funding earned: $4.2
Price spread: +0.096% → +0.045%: $5.12
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$14.68
Costs to cover: 0.240%
Break-even: 31.5 days

Slippage unknown: SunX: live order book, 4 min ago; Aevo: live order book, 57 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 SunX live order book, 4 min ago	500.21 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 57 min ago	53.11 bp	78.3 bp −$78	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	315.88	−0.058%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.22	+0.051%	$50K	$714K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	315.91	−0.047%	$646	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.10	+0.013%	$26.3M	$130.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.80	−0.082%	$14.8M	$49.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.14	+0.025%	$17.7M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.88	−0.057%	$35.6M	$57.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.05	−0.003%	$87K	$1.2M	5x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	316.06	long leg	$1K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	315.86	−0.063%	$116K	$589K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	316.19	+0.041%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERPshort	+0.0120%	1h	316.36	+0.096%	$174K	$998	3x
dYdX TAO-USD	+0.0123%	1h	315.84	−0.070%	$127K	$86K	5x	as long as short
Binance TAOUSDT	+0.0158%	4h	316.14	+0.025%	$92.3M	$530.3M	75x	as long as short
MEXC TAO_USDT	+0.0162%	4h	316.14	+0.025%	$104.3M	$151.6M	300x	as long as short
edgeX TAOUSDC	+0.0165%	4h	316.46	+0.126%	$42K	$322K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0209%	4h	316.16	+0.032%	$54K	$299K	10x	as long as short
Bullet TAO-USD	+0.0211%	1h	316.28	+0.071%	$12K	$17K	20x	as long as short
Bybit TAOUSDT	+0.0232%	4h	316.09	+0.009%	$69.6M	$155.8M	50x	as long as short
Bulk TAO-USD	+0.0233%	1h	316.19	+0.041%	$168K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0241%	8h	316.28	+0.071%	$14K	$876	10x	as long as short
ApeX Omni TAOUSDT	+0.0254%	1h	316.32	+0.082%	$45K	$257K	50x	as long as short
GRVT TAO_USDT_Perp	+0.0286%	4h	316.28	+0.070%	$541K	$877K	10x	as long as short
Aster TAOUSDT	+0.0320%	4h	316.17	+0.035%	$1.2M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	316.20	+0.044%	$371K	$442K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0361% / S −0.0107%	1h	315.92	−0.045%	$371K	—	100x	as long as short
Extended TAO-USD	+0.0368%	1h	316.01	−0.015%	$899K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0402%	4h	316.30	+0.076%	$4.8M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	316.48	+0.133%	$100K	$371K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0416%	1h	316.14	+0.024%	$15K	$1.9M	25x	as long as short
BingX TAO-USDT	+0.0424%	4h	316.09	+0.009%	—	$37.4M	—	as long as short
Hyperliquid TAO	+0.0478%	1h	316.22	+0.051%	$93.1M	$110.2M	5x	as long as short
Nado TAO-PERP	+0.0537%	1h	316.29	+0.074%	$768K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	316.80	+0.234%	$319K	$714K	5x	as long as short
Lighter TAO	+0.0592%	1h	316.37	+0.098%	$1.6M	$6.6M	5x	as long as short
Variational Omni TAO	+0.0622%	4h	316.65	+0.188%	$5.6M	$10.1M	—	as long as short
01 Exchange TAOUSD	+0.0624%	1h	316.49	+0.136%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	316.23	+0.053%	$364	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0728%	1h	316.14	+0.025%	$316K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0787%	1h	316.28	+0.070%	$6.0M	$21.3M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	316.15	+0.028%	$437K	$682K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	316.48	+0.133%	$1.2M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	319.36	+1.044%	$23K	$2K	12x	as long as short