Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0028%/8h= −3.1% APRpaid last 24h −0.001%

Price spread now: SunX against Aevo−0.269%7-day average −0.043% · you buy dearer than you sell

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

Long on Aevo Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 4 days (all we have)+0.278%+$28 · spread now −0.269%, 7d avg −0.043%

Together, before fees+0.287%+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and SunX is 0.226% cheaper against Aevo than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of −0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	323.24	0.0128	pay 0.0016% / 1h	22m 46s	$178K	$998	3x
Short	SunX TAO-USDT	322.37	0.0100	get 0.0050% / 4h	1h 22m	$2K	$2.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Aevo. 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 AevobpFee SunXbpOrdersPrice spread, now −0.269%Rate

Funding earned: −$5.88
Price spread: −0.269% → −0.043%: −$22.6
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee SunX: 4 bp × 2 orders: −$8
Net: −$52.48
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 21 min ago; SunX: live order book, 3 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 Aevo live order book, 21 min ago	56.19 bp	79.8 bp −$80	423.7 bp −$4,237	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	500.20 bp	doesn't fit	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	−0.1995%	1h	319.47	−1.166%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	322.36	−0.272%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	322.52	−0.221%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.76	−0.148%	$44K	$706K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.60	−0.198%	$26.9M	$130.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	322.30	−0.291%	$14.4M	$52.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	322.54	−0.217%	$18.0M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.23	−0.312%	$36.2M	$58.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.82	−1.058%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.59	−0.201%	$86K	$1.2M	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-USDTshort	+0.0100%	4h	322.37	−0.269%	$2K	$2.0M	20x
HTX TAO-USDT	+0.0100%	4h	322.35	−0.275%	$117K	$598K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	322.84	−0.124%	$1K	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0117% / S +0.0150%	1h	322.55	−0.212%	$431K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0126%	4h	322.80	−0.136%	$53K	$292K	10x	as long as short
Aevo TAO-PERPlong	+0.0128%	1h	323.24	long leg	$178K	$998	3x
edgeX TAOUSDC	+0.0172%	4h	320.52	−0.842%	$42K	$317K	10x	as long as short
MEXC TAO_USDT	+0.0196%	4h	322.57	−0.207%	$107.7M	$150.8M	300x	as long as short
Binance TAOUSDT	+0.0210%	4h	322.56	−0.210%	$93.4M	$528.0M	75x	as long as short
Paradex TAO-USD-PERP	+0.0290%	8h	322.95	−0.089%	$15K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0304%	4h	322.55	−0.213%	$3.3M	$8.1M	50x	as long as short
BingX TAO-USDT	+0.0324%	4h	322.59	−0.201%	—	$34.6M	—	as long as short
Bybit TAOUSDT	+0.0342%	4h	322.63	−0.189%	$70.9M	$156.0M	50x	as long as short
Aster TAOUSDT	+0.0372%	4h	322.88	−0.111%	$1.3M	$10.9M	50x	as long as short
Bullet TAO-USD	+0.0399%	1h	322.90	−0.104%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0406%	4h	321.35	−0.586%	$547K	$940K	10x	as long as short
BloFin TAO-USDT	+0.0450%	4h	322.53	−0.220%	$4.7M	$11.1M	100x	as long as short
Extended TAO-USD	+0.0472%	1h	322.43	−0.252%	$918K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0517%	1h	322.84	−0.123%	$802K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	322.77	−0.147%	$367K	$423K	10x	as long as short
Variational Omni TAO	+0.0538%	4h	322.25	−0.307%	$5.7M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	321.30	−0.600%	$320K	$709K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0568%	1h	322.62	−0.192%	$26K	$1.9M	25x	as long as short
Arcus TAO-USD	+0.0641%	1h	323.00	−0.074%	$104K	$389K	5x	as long as short
Hyperliquid TAO	+0.0668%	1h	322.67	−0.176%	$95.4M	$109.9M	5x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	323.61	+0.114%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	322.63	−0.190%	$371	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0749%	1h	322.34	−0.278%	$300K	$905K	10x	as long as short
Lighter TAO	+0.0800%	1h	322.62	−0.192%	$1.6M	$6.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	323.67	+0.133%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	322.64	−0.187%	$463K	$666K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1144%	1h	322.62	−0.191%	$6.0M	$21.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.44	+0.062%	$24K	$2K	12x	as long as short