Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h −0.089%

Price spread now: SunX against 01 Exchange−0.185%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on SunX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and SunX is 0.185% cheaper against 01 Exchange than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	313.74	0.0488	pay 0.0061% / 1h	17m 02s	$3K	$4K	5x
Short	SunX TAO-USDT	313.16	0.0100	get 0.0050% / 4h	3h 17m	$2K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against 01 Exchange. 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 01 ExchangebpFee SunXbpOrdersPrice spread, now −0.185%Rate

Funding earned: −$81.48
Price spread: −0.185% → 0.000%: −$18.49
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$114.97
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; SunX: live order book, 9 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 01 Exchange no order-book sample	—	—	—	—	—
Sell SunX live order book, 9 min ago	500.21 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

01 Exchange: 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 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
Kraken Futures PF_TAOUSD	−0.0346%	1h	313.37	−0.118%	$5.6M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.03	−0.225%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0011%	1h	313.26	−0.152%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.36	−0.121%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	313.30	−0.140%	$641	$845K	5x	as long as short
Pacifica TAO	+0.0100%	1h	313.66	−0.025%	$357K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.88	−0.274%	$89.6M	$501.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.90	−0.268%	$26.1M	$121.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.60	−0.363%	$13.3M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.80	−0.300%	$102.5M	$145.5M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	313.28	−0.147%	$17.9M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.53	−0.386%	$35.1M	$56.5M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.63	−0.673%	$41K	$314K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.55	−0.699%	$529K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.33	−0.449%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.18	−0.178%	$79K	$901K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	313.38	−0.113%	$12K	$17K	20x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	313.16	−0.185%	$2K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	313.03	−0.226%	$111K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.17	−0.182%	$3.1M	$8.0M	50x	as long as short
BingX TAO-USDT	+0.0104%	4h	312.74	−0.319%	—	$33.7M	—	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.49	−0.081%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	313.31	−0.137%	$52K	$290K	10x	as long as short
Aster TAOUSDT	+0.0124%	4h	312.87	−0.277%	$1.3M	$10.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0136% / S +0.0136%	1h	313.04	−0.222%	$416K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0158%	8h	313.60	−0.043%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0161%	4h	312.97	−0.245%	$67.5M	$150.6M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	313.73	−0.003%	$102K	$394K	5x	as long as short
Variational Omni TAO	+0.0308%	4h	311.97	−0.564%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0320%	1h	313.29	−0.144%	$914K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0329%	1h	313.29	−0.143%	$791K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.40	−0.108%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	313.70	−0.013%	$312K	$711K	5x	as long as short
Hyperliquid TAO	+0.0473%	1h	313.00	−0.236%	$91.9M	$107.8M	5x	as long as short
01 Exchange TAOUSDlong	+0.0488%	1h	313.74	long leg	$3K	$4K	5x
Backpack TAO_USDC_PERP	+0.0509%	1h	312.89	−0.271%	$311K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0554%	1h	313.31	−0.138%	$13K	$1.8M	25x	as long as short
Lighter TAO	+0.0632%	1h	313.65	−0.028%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.34	−0.129%	$360	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	313.52	−0.070%	$444K	$647K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	−0.898%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	314.25	+0.163%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	316.67	+0.934%	$23K	$2K	12x	as long as short