Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against SunX+0.067%7-day average +0.001% · you sell dearer than you buy

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

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 3 days (all we have)−0.070%−$7 · spread now +0.067%, 7d avg +0.001%

Together, before fees−0.161%−$16 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: MEXC is 0.067% dearer against SunX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	312.85	0.0100	pay 0.0050% / 4h	39m 03s	$2K	$1.8M	20x
Short	MEXC TAO_USDT	313.06	0.0100	get 0.0050% / 4h	39m 03s	$120.4M	$127.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → +0.001%: $6.66
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$1.34
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 6 min ago; MEXC: 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, 6 min ago	500.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.16 bp	2.0 bp −$2	11.4 bp −$114	28.0 bp −$2,798	116.6 bp −$58.3K

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	−0.4478%	1h	313.97	+0.358%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.64	−0.067%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.85	−0.001%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.39	+0.492%	$23K	$260	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.25	+0.128%	$41K	$552K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.17	+0.102%	$371K	$369K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.27	+0.134%	$88.6M	$425.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.33	+0.153%	$61.4M	$124.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.10	+0.080%	$25.1M	$100.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.00	+0.048%	$12.7M	$49.3M	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_USDTshort	+0.0100%	4h	313.06	+0.067%	$120.4M	$127.8M	300x
KuCoin TAOUSDTM	+0.0100%	4h	312.98	+0.042%	$19.0M	$27.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.04	+0.061%	$34.9M	$46.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.21	+0.115%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.40	−0.143%	$40K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.53	−0.102%	$526K	$948K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	312.93	+0.026%	$60K	$276K	10x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	312.85	long leg	$2K	$1.8M	20x
HTX TAO-USDT	+0.0100%	4h	313.08	+0.074%	$128K	$395K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.83	−0.006%	$3.3M	$7.9M	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	313.14	+0.092%	$11K	$17K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.14	+0.092%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.28	+0.137%	$2K	$541K	5x	as long as short
Polymarket Perps TAO-USD	+0.0116%	1h	313.26	+0.131%	$77K	$520K	5x	as long as short
ApeX Omni TAOUSDT	+0.0118%	1h	312.28	−0.182%	$47K	$270K	50x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.44	+0.189%	$83K	$626K	5x	as long as short
Paradex TAO-USD-PERP	+0.0187%	8h	313.06	+0.068%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0194%	4h	312.41	−0.142%	$3.9M	$7.0M	—	as long as short
Aster TAOUSDT	+0.0198%	4h	313.08	+0.073%	$1.1M	$7.9M	50x	as long as short
BloFin TAO-USDT	+0.0347%	4h	313.20	+0.112%	$4.4M	$10.2M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0405%	1h	312.99	+0.046%	$19K	$1.4M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0449%	1h	312.92	+0.023%	$5.8M	$19.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0476% / S −0.0175%	1h	312.80	−0.015%	$449K	—	100x	as long as short
Nado TAO-PERP	+0.0509%	1h	313.26	+0.132%	$830K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0536%	1h	313.28	+0.137%	$301K	$799K	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.80	−0.016%	$327K	$521K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.02	+0.054%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0720%	1h	313.50	+0.208%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0872%	1h	312.94	+0.030%	$863K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.64	+0.572%	$1.5M	$5.8M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.46	+0.197%	$432K	$548K	5x	as long as short
Lighter TAO	+0.1352%	1h	313.47	+0.198%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.1888%	1h	313.64	+0.253%	$97.7M	$83.2M	5x	as long as short