Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.4305%/8h= +471.4% APRpaid last 24h +0.817%

Price spread now: Injective against SunX+1.523%61s7-day average — · you sell dearer than you buy

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

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+3.612%+$361 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$129 a day on $10k at the current rate, and Injective is 1.523% dearer against SunX than usual: you sell high and buy low: +$152 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 61 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	314.50	0.0100	pay 0.0050% / 4h	1h 05m	$2K	$1.7M	20x
Short	Injective TAO/USDC PERP	319.29	0.4405	get 0.0551% / 1h	5m 53s	$23K	$2K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.523%Rate

Funding earned: $904.08
Price spread: +1.523% → 0.000%: $152.31
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,048.36
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 4 min ago; Injective: no order-book sample. 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	500.36 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TAO on 43 exchanges

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 −0.0003%	1h	314.20	−0.096%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.66	+0.051%	$54K	$636K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.40	−0.032%	$26.8M	$127.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.20	−0.095%	$16.0M	$48.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.54	+0.013%	$17.4M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.25	−0.079%	$35.6M	$55.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.02	+0.165%	$45K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.60	+0.032%	$69K	$1.1M	5x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	314.50	long leg	$2K	$1.7M	20x
HTX TAO-USDT	+0.0100%	4h	313.99	−0.162%	$112K	$556K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0102%	8h	314.47	−0.010%	$1K	$1.3M	5x	as long as short
Extended TAO-USD	+0.0104%	1h	314.48	−0.006%	$947K	$2.1M	25x	as long as short
Aevo TAO-PERP	+0.0120%	1h	314.85	+0.110%	$173K	$998	3x	as long as short
edgeX TAOUSDC	+0.0143%	4h	314.89	+0.123%	$42K	$324K	10x	as long as short
MEXC TAO_USDT	+0.0152%	4h	314.57	+0.022%	$110.6M	$150.7M	300x	as long as short
Binance TAOUSDT	+0.0153%	4h	314.51	+0.003%	$93.2M	$510.8M	75x	as long as short
Phemex TAOUSDT	+0.0226%	4h	314.44	−0.019%	$3.2M	$8.2M	50x	as long as short
Lighter TAO	+0.0232%	1h	314.86	+0.113%	$1.5M	$6.8M	5x	as long as short
Pacifica TAO	+0.0240%	1h	314.28	−0.071%	$372K	$455K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0256%	4h	314.85	+0.111%	$535K	$786K	10x	as long as short
Paradex TAO-USD-PERP	+0.0261%	8h	314.39	−0.036%	$14K	$876	10x	as long as short
BingX TAO-USDT	+0.0264%	4h	314.44	−0.019%	—	$37.9M	—	as long as short
Orderly PERP_TAO_USDC	+0.0267%	4h	314.67	+0.054%	$53K	$262K	10x	as long as short
Bybit TAOUSDT	+0.0285%	4h	314.55	+0.016%	$69.2M	$155.4M	50x	as long as short
Bullet TAO-USD	+0.0306%	1h	314.98	+0.152%	$12K	$16K	20x	as long as short
Aster TAOUSDT	+0.0313%	4h	314.64	+0.046%	$1.2M	$11.4M	50x	as long as short
Nado TAO-PERP	+0.0345%	1h	314.71	+0.068%	$669K	$2.0M	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0359% / S −0.0107%	1h	314.52	+0.006%	$369K	—	100x	as long as short
BloFin TAO-USDT	+0.0392%	4h	314.44	−0.019%	$4.8M	$10.5M	100x	as long as short
dYdX TAO-USD	+0.0407%	1h	313.80	−0.223%	$265K	$230K	5x	as long as short
Variational Omni TAO	+0.0519%	4h	314.56	+0.021%	$5.7M	$10.0M	—	as long as short
Hyperliquid TAO	+0.0532%	1h	314.61	+0.035%	$94.4M	$104.9M	5x	as long as short
01 Exchange TAOUSD	+0.0600%	1h	315.07	+0.181%	$3K	$2K	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	314.69	+0.060%	$99K	$312K	5x	as long as short
Phoenix TAO	+0.0650%	1h	315.00	+0.159%	$317K	$710K	5x	as long as short
RISEx TAO/USDC	+0.0666%	1h	314.42	−0.025%	$439K	$655K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	315.38	+0.280%	$1.1M	$7.6M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	314.71	+0.066%	$362	—	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0718%	1h	314.73	+0.074%	$30K	$1.9M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0758%	1h	314.70	+0.064%	$296K	$1.1M	10x	as long as short
Bulk TAO-USD	+0.0796%	1h	315.70	+0.380%	$167K	$662	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0936%	1h	314.83	+0.106%	$6.3M	$19.6M	50x	as long as short
Injective TAO/USDC PERPshort	+0.4405%	1h	319.29	+1.523%	$23K	$2K	12x