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: SunX against BingX+0.038%7-day average +0.003% · you sell dearer than you buy

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

Long on BingX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.059%−$6 · spread now +0.038%, 7d avg +0.003%

Together, before fees−0.059%−$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: SunX is 0.035% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	313.06	0.0100	pay 0.0050% / 4h	46m 33s	—	$30.2M	—
Short	SunX TAO-USDT	313.18	0.0100	get 0.0050% / 4h	46m 33s	$1K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against BingX. 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 BingXbpFee SunXbpOrdersPrice spread, now +0.038%Rate

Funding earned: $0
Price spread: +0.038% → +0.003%: $3.52
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$14.48
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 7 min ago; 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 BingX live order book, 7 min ago	0.48 bp	5.6 bp −$6	12.6 bp −$126	34.8 bp −$3,479	135.0 bp −$67.5K
Sell SunX live order book, 9 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	−0.4722%	1h	314.01	+0.304%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.80	−0.083%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.04	−0.005%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.39	+0.425%	$23K	$260	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.29	+0.073%	$40K	$549K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.19	+0.042%	$371K	$372K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.31	+0.079%	$88.7M	$422.4M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.40	+0.109%	$61.4M	$123.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.30	+0.077%	$25.1M	$100.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.70	−0.115%	$12.7M	$49.0M	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_USDT	+0.0100%	4h	313.04	−0.006%	$121.2M	$126.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.09	+0.010%	$19.0M	$27.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.90	−0.051%	$35.0M	$46.3M	50x	as long as short
BingX TAO-USDTlong	+0.0100%	4h	313.06	long leg	—	$30.2M	—
edgeX TAOUSDC	+0.0100%	4h	313.65	+0.187%	$41K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.17	+0.356%	$519K	$950K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.37	+0.099%	$47K	$269K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.20	+0.045%	$60K	$276K	10x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	313.18	+0.038%	$1K	$1.8M	20x
HTX TAO-USDT	+0.0100%	4h	313.88	+0.262%	$128K	$394K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.07	+0.003%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.37	+0.097%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.32	+0.083%	$903	$539K	5x	as long as short
Polymarket Perps TAO-USD	+0.0123%	1h	313.86	+0.256%	$77K	$522K	5x	as long as short
Bullet TAO-USD	+0.0145%	1h	313.41	+0.113%	$11K	$17K	20x	as long as short
Variational Omni TAO	+0.0173%	4h	313.59	+0.168%	$3.8M	$6.9M	—	as long as short
Paradex TAO-USD-PERP	+0.0185%	8h	312.98	−0.025%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.50	+0.141%	$83K	$626K	5x	as long as short
Aster TAOUSDT	+0.0209%	4h	313.12	+0.019%	$1.1M	$7.8M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0233%	1h	313.11	+0.016%	$24K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.41	+0.112%	$4.3M	$9.7M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0448%	1h	313.34	+0.090%	$5.8M	$19.8M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0476% / S −0.0175%	1h	313.06	−0.001%	$450K	—	100x	as long as short
Nado TAO-PERP	+0.0523%	1h	313.32	+0.082%	$842K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	313.80	+0.236%	$328K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0575%	1h	313.31	+0.080%	$300K	$798K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.47	+0.131%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0816%	1h	313.71	+0.208%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0848%	1h	313.03	−0.009%	$864K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.43	+0.438%	$1.5M	$5.7M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.49	+0.139%	$432K	$536K	5x	as long as short
Lighter TAO	+0.1504%	1h	313.61	+0.177%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.2146%	1h	313.91	+0.272%	$98.3M	$82.8M	5x	as long as short