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 −0.003%

Price spread now: Bitget against SunX+0.484%50s7-day average −0.037% · you sell dearer than you buy

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

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)−0.534%−$53 · spread now +0.484%, 7d avg −0.037%

Together, before fees−0.548%−$55 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: Bitget is 0.521% dearer against SunX than usual: you sell high and buy low, +$52 on $10k if it goes back to its 7-day average of −0.037%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	316.19	0.0100	pay 0.0050% / 4h	19m 22s	$2K	$2.0M	20x
Short	Bitget TAOUSDT	317.72	0.0100	get 0.0050% / 4h	19m 22s	$35.7M	$57.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.484%Rate

Funding earned: $0
Price spread: +0.484% → −0.037%: $52.07
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $32.07
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 7 min ago; Bitget: live order book, 5 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, 7 min ago	500.23 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	1.11 bp	11.7 bp −$12	22.4 bp −$224	40.0 bp −$3,996	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	317.52	+0.422%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0077%	1h	316.64	+0.143%	$126K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.66	+0.465%	$45K	$714K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.70	+0.478%	$26.5M	$130.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.20	+0.319%	$14.6M	$51.8M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.00	+0.572%	$17.9M	$32.5M	75x	as long as short
Bitget TAOUSDTshort	+0.0100%	4h	317.72	+0.484%	$35.7M	$57.9M	50x
ApeX Omni TAOUSDT	+0.0100%	1h	316.06	−0.041%	$45K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.92	+0.547%	$88K	$1.2M	5x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	316.19	long leg	$2K	$2.0M	20x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	315.77	−0.133%	$116K	$603K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0105% / S +0.0138%	1h	316.56	+0.118%	$403K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	317.63	+0.455%	$2K	$1.1M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	316.65	+0.145%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0163%	4h	316.72	+0.168%	$52K	$294K	10x	as long as short
edgeX TAOUSDC	+0.0165%	4h	315.99	−0.065%	$42K	$319K	10x	as long as short
MEXC TAO_USDT	+0.0170%	4h	318.03	+0.582%	$103.2M	$152.4M	300x	as long as short
Binance TAOUSDT	+0.0177%	4h	317.74	+0.490%	$92.0M	$531.1M	75x	as long as short
Paradex TAO-USD-PERP	+0.0247%	8h	317.30	+0.351%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0250%	4h	317.87	+0.531%	—	$37.3M	—	as long as short
Bybit TAOUSDT	+0.0258%	4h	317.85	+0.525%	$69.6M	$156.8M	50x	as long as short
Bullet TAO-USD	+0.0279%	1h	317.99	+0.568%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0306%	4h	315.58	−0.193%	$537K	$907K	10x	as long as short
Pacifica TAO	+0.0313%	1h	317.30	+0.351%	$372K	$466K	10x	as long as short
Aster TAOUSDT	+0.0334%	4h	317.66	+0.465%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0360%	1h	317.53	+0.423%	$903K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0411%	4h	315.72	−0.149%	$4.7M	$10.9M	100x	as long as short
Phemex TAOUSDT	+0.0442%	4h	316.66	+0.149%	$3.2M	$8.2M	50x	as long as short
Nado TAO-PERP	+0.0453%	1h	318.13	+0.613%	$785K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	317.80	+0.509%	$100K	$384K	5x	as long as short
Lighter TAO	+0.0544%	1h	317.36	+0.371%	$1.6M	$6.9M	5x	as long as short
Variational Omni TAO	+0.0557%	4h	315.52	−0.212%	$5.5M	$10.2M	—	as long as short
Phoenix TAO	+0.0629%	1h	316.40	+0.066%	$318K	$703K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0662%	1h	317.14	+0.300%	$296K	$905K	10x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	318.26	+0.655%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.03	+0.582%	$366	—	20x	as long as short
Hyperliquid TAO	+0.0712%	1h	318.19	+0.633%	$94.0M	$110.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0729%	1h	316.85	+0.209%	$15K	$1.9M	25x	as long as short
RISEx TAO/USDC	+0.0831%	1h	317.63	+0.455%	$449K	$658K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0836%	1h	316.88	+0.220%	$5.9M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.06	+0.275%	$1.4M	$7.0M	50x	as long as short
Bulk TAO-USD	+0.1572%	1h	317.17	+0.310%	$169K	$0	10x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	318.80	+0.825%	$23K	$2K	12x	as long as short