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% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against SunX−0.067%7-day average +0.006% · you buy dearer than you sell

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

Long on SunX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.067%, 7d avg +0.006%

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: Binance is 0.073% cheaper against SunX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	311.62	0.0100	pay 0.0050% / 4h	3h 20m	$2K	$1.9M	20x
Short	Binance TAOUSDT	311.41	0.0100	get 0.0050% / 4h	3h 20m	$89.2M	$500.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.067%Rate

Funding earned: $0
Price spread: −0.067% → +0.006%: −$7.31
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$25.31
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 min ago; Binance: live order book, 8 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, 5 min ago	500.21 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 8 min ago	0.16 bp	7.5 bp −$7	14.0 bp −$140	32.6 bp −$3,263	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	−0.0348%	1h	311.72	+0.032%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.55	−0.023%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0013%	1h	311.34	−0.089%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.94	+0.103%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	311.73	+0.035%	$639	$842K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.75	+0.042%	$355K	$414K	10x	as long as short
Binance TAOUSDTshort	+0.0100%	4h	311.41	−0.067%	$89.2M	$500.9M	75x
Bybit TAOUSDT	+0.0100%	4h	311.53	−0.029%	$67.1M	$150.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.40	−0.071%	$25.9M	$120.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.30	−0.103%	$13.2M	$50.2M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	311.47	−0.048%	$102.3M	$145.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.48	−0.045%	$17.7M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.30	−0.103%	$34.9M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.39	−0.074%	—	$33.8M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	310.82	−0.256%	$41K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	310.69	−0.297%	$528K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	310.73	−0.286%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.70	+0.026%	$79K	$901K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.83	+0.068%	$11K	$18K	20x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	311.62	long leg	$2K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	311.34	−0.090%	$110K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	311.56	−0.019%	$3.1M	$8.0M	50x	as long as short
Aster TAOUSDT	+0.0100%	4h	311.57	−0.016%	$1.3M	$10.5M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.73	+0.036%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0116%	4h	311.79	+0.055%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0137% / S +0.0135%	1h	311.51	−0.035%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0143%	8h	311.83	+0.066%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.16	+0.173%	$101K	$394K	5x	as long as short
Variational Omni TAO	+0.0308%	4h	311.97	+0.112%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0312%	1h	311.38	−0.078%	$904K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0340%	1h	311.69	+0.023%	$785K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.79	+0.055%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	311.10	−0.167%	$310K	$711K	5x	as long as short
Hyperliquid TAO	+0.0458%	1h	311.60	−0.006%	$91.6M	$107.7M	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	312.05	+0.138%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0492%	1h	311.65	+0.010%	$310K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0505%	1h	311.84	+0.070%	$15K	$1.8M	25x	as long as short
Lighter TAO	+0.0584%	1h	311.94	+0.104%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.80	+0.058%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.91	+0.093%	$442K	$653K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	−0.224%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.52	−0.032%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+1.162%	$23K	$2K	12x	as long as short