Funding arb · Price arb /

TAO

all TAO markets

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: Gate against SunX+0.006%7-day average −0.033% · you sell dearer than you buy

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

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.006%, 7d avg −0.033%

Together, before fees−0.077%−$8 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: Gate is 0.040% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	313.18	0.0100	pay 0.0050% / 4h	2h 27m	$1K	$1.9M	20x
Short	Gate TAO_USDT	313.20	0.0100	get 0.0050% / 4h	2h 27m	$13.9M	$51.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → −0.033%: $3.97
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$19.03
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 min ago; Gate: live order book, 1 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, 8 min ago	499.71 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.19 bp	18.5 bp −$18	30.0 bp −$300	63.2 bp −$6,323	112.8 bp −$56.4K

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 −0.0004%	1h	313.11	−0.021%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0037%	1h	313.13	−0.015%	$125K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.51	+0.105%	$90.0M	$508.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.30	+0.038%	$26.3M	$122.1M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	313.47	+0.093%	$167K	$333	10x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	313.20	+0.006%	$13.9M	$51.0M	50x
MEXC TAO_USDT	+0.0100%	4h	313.53	+0.112%	$107.7M	$145.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.32	+0.045%	$17.3M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.18	0.000%	$35.3M	$57.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.56	+0.120%	$41K	$316K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.30	+0.038%	$89K	$920K	5x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	313.18	long leg	$1K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	312.95	−0.073%	$113K	$554K	20x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	313.50	+0.102%	$1K	$920K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.58	+0.128%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	313.37	+0.061%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0129% / S +0.0140%	1h	312.99	−0.062%	$419K	—	100x	as long as short
Popdex TAOUSDT	+0.0144%	1h	313.60	+0.134%	$51K	$667K	20x	as long as short
Phemex TAOUSDT	+0.0195%	4h	313.23	+0.016%	$3.1M	$8.0M	50x	as long as short
Aster TAOUSDT	+0.0206%	4h	313.51	+0.105%	$1.3M	$10.6M	50x	as long as short
Pacifica TAO	+0.0233%	1h	313.65	+0.149%	$357K	$419K	10x	as long as short
Paradex TAO-USD-PERP	+0.0269%	8h	313.40	+0.071%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0271%	1h	313.38	+0.063%	$771K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0304%	1h	313.51	+0.105%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0321%	1h	313.45	+0.085%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.40	+0.390%	$4.6M	$10.9M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0348%	4h	314.36	+0.378%	$534K	$923K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0356%	1h	313.32	+0.044%	$15K	$1.8M	25x	as long as short
ApeX Omni TAOUSDT	+0.0397%	1h	313.30	+0.038%	$44K	$256K	50x	as long as short
Bybit TAOUSDT	+0.0432%	4h	313.47	+0.093%	$68.1M	$152.4M	50x	as long as short
BingX TAO-USDT	+0.0435%	4h	313.44	+0.083%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0449%	4h	314.04	+0.273%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0464%	1h	313.55	+0.118%	$897K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	313.88	+0.224%	$101K	$345K	5x	as long as short
Phoenix TAO	+0.0513%	1h	314.20	+0.326%	$313K	$713K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.33	+0.047%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0760%	1h	313.95	+0.246%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0800%	1h	313.63	+0.145%	$1.5M	$6.6M	5x	as long as short
Hyperliquid TAO	+0.0804%	1h	313.62	+0.140%	$91.7M	$109.0M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0819%	1h	313.62	+0.140%	$311K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	314.27	+0.348%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	313.63	+0.144%	$454K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	319.48	+2.012%	$23K	$2K	12x	as long as short