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: HTX against SunX−0.171%7-day average −0.100% · you buy dearer than you sell

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

Long on SunX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.171%, 7d avg −0.100%

Together, before fees−0.058%−$6 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: HTX is 0.071% 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 −0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	321.25	0.0100	pay 0.0050% / 4h	1h 50m	$2K	$2.0M	20x
Short	HTX TAO-USDT	320.70	0.0100	get 0.0050% / 4h	1h 50m	$117K	$584K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.171%Rate

Funding earned: $0
Price spread: −0.171% → −0.100%: −$7.12
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$27.12
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 min ago; HTX: live order book, 58 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	500.10 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 58 min ago	7.03 bp	146.1 bp −$146	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
Bulk TAO-USD	−0.2101%	1h	320.87	−0.118%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	320.55	−0.218%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	321.22	−0.010%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	321.34	+0.028%	$40K	$694K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.20	+0.296%	$26.8M	$129.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	321.80	+0.171%	$14.2M	$51.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	321.92	+0.209%	$17.6M	$31.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	321.90	+0.202%	$36.3M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.78	−0.146%	$45K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	321.36	+0.034%	$77K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDTlong	+0.0100%	4h	321.25	long leg	$2K	$2.0M	20x
HTX TAO-USDTshort	+0.0100%	4h	320.70	−0.171%	$117K	$584K	20x
Phemex TAOUSDT	+0.0100%	4h	321.73	+0.149%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	321.18	−0.022%	$1K	$985K	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	321.42	+0.054%	$177K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0120%	4h	321.62	+0.115%	$53K	$292K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0123% / S +0.0155%	1h	321.17	−0.026%	$434K	—	100x	as long as short
edgeX TAOUSDC	+0.0148%	4h	320.94	−0.096%	$42K	$316K	10x	as long as short
Binance TAOUSDT	+0.0148%	4h	322.19	+0.294%	$94.0M	$525.0M	75x	as long as short
MEXC TAO_USDT	+0.0148%	4h	322.11	+0.268%	$105.8M	$149.3M	300x	as long as short
Paradex TAO-USD-PERP	+0.0265%	8h	321.09	−0.048%	$15K	$1K	10x	as long as short
Aster TAOUSDT	+0.0301%	4h	321.67	+0.131%	$1.3M	$10.9M	50x	as long as short
BingX TAO-USDT	+0.0366%	4h	322.16	+0.283%	—	$34.3M	—	as long as short
Bullet TAO-USD	+0.0367%	1h	321.59	+0.105%	$12K	$17K	20x	as long as short
Bybit TAOUSDT	+0.0384%	4h	322.16	+0.283%	$70.3M	$155.7M	50x	as long as short
BloFin TAO-USDT	+0.0388%	4h	321.61	+0.112%	$4.7M	$11.1M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0420%	4h	320.79	−0.143%	$546K	$948K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	322.11	+0.268%	$914K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0506%	4h	323.50	+0.700%	$5.7M	$10.1M	—	as long as short
Pacifica TAO	+0.0525%	1h	321.24	−0.002%	$365K	$422K	10x	as long as short
Phoenix TAO	+0.0567%	1h	321.70	+0.140%	$320K	$709K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0611%	1h	322.27	+0.318%	$320K	$899K	10x	as long as short
Nado TAO-PERP	+0.0617%	1h	321.21	−0.012%	$803K	$2.2M	10x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	321.62	+0.115%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	321.50	+0.078%	$103K	$394K	5x	as long as short
Hyperliquid TAO	+0.0647%	1h	322.33	+0.336%	$95.3M	$109.9M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0688%	1h	321.64	+0.121%	$14K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	321.48	+0.072%	$370	—	20x	as long as short
Lighter TAO	+0.0880%	1h	322.36	+0.345%	$1.5M	$6.6M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.95	+0.218%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	321.29	+0.011%	$463K	$665K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1146%	1h	322.04	+0.245%	$6.1M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	328.25	+2.179%	$24K	$2K	12x	as long as short