TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0723%/8h= −79.1% APRnext payment −$3.61 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bybit+0.162%7-day average −0.032% · you sell dearer than you buy

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

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 3 days (all we have)−0.157%−$16 · spread now +0.162%, 7d avg −0.032%

Together, before fees−0.134%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.193% dearer against Bybit than usual: you sell high and buy low (spread +0.162% now, against its 7-day average of −0.032%): +$19 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 21 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.024% in total (about 1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.61 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	315.36	0.0823	pay 0.0411% / 4h	2h 17m	$66.2M	$138.0M	50x
Short	SunX TAO-USDT	315.87	0.0100	get 0.0050% / 4h	2h 17m	$2K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now +0.162%Rate

Funding earned: −$151.76
Price spread: +0.162% → −0.032%: $19.32
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$151.44
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Bybit: live order book, 1 min ago; SunX: live order book, 8 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 Bybit live order book, 1 min ago	0.16 bp	10.9 bp −$11	19.3 bp −$193	42.5 bp −$4,246	doesn't fit
Sell SunX live order book, 8 min ago	500.16 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

TAO on 42 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
dYdX TAO-USD	0.0000%	1h	315.35	−0.004%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.21	−0.046%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.71	−0.206%	$43K	$634K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.19	−0.054%	$90.5M	$467.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.20	−0.051%	$26.1M	$113.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.30	−0.019%	$12.9M	$50.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.45	+0.029%	$111.7M	$139.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.04	+0.216%	$18.1M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.03	−0.105%	$35.2M	$53.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.73	+0.117%	$35K	$300K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	315.68	+0.101%	$47K	$252K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.46	+0.032%	$57K	$282K	10x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	315.87	+0.162%	$2K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	315.47	+0.035%	$129K	$473K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.49	+0.041%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.79	+0.136%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0118%	8h	314.77	−0.187%	$1K	$711K	5x	as long as short
Polymarket Perps TAO-USD	+0.0119%	1h	315.02	−0.108%	$80K	$681K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	315.89	+0.168%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0168% / S +0.0099%	1h	315.24	−0.037%	$431K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0174%	4h	317.11	+0.556%	$523K	$954K	10x	as long as short
Bullet TAO-USD	+0.0247%	1h	315.65	+0.092%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0254%	4h	315.67	+0.097%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	315.68	+0.101%	$371K	$384K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	315.26	−0.032%	$99K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0363%	8h	315.69	+0.104%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	318.67	+1.050%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0528%	1h	315.05	−0.099%	$786K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	317.30	+0.615%	$332K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	315.01	−0.111%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.21	−0.047%	$362	—	20x	as long as short
BingX TAO-USDT	+0.0780%	4h	315.39	+0.010%	—	$30.9M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0811%	1h	315.99	+0.201%	$22K	$1.5M	25x	as long as short
Bybit TAOUSDTlong	+0.0823%	4h	315.36	long leg	$66.2M	$138.0M	50x
Variational Omni TAO	+0.0845%	4h	315.73	+0.116%	$5.5M	$8.9M	—	as long as short
Extended TAO-USD	+0.0920%	1h	315.21	−0.048%	$902K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0930%	1h	315.64	+0.089%	$319K	$810K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	316.30	+0.298%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	314.70	−0.209%	$449K	$631K	5x	as long as short
Hyperliquid TAO	+0.1330%	1h	315.88	+0.165%	$100.3M	$95.2M	5x	as long as short
Lighter TAO	+0.1416%	1h	316.40	+0.330%	$1.7M	$6.1M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−2.034%	$164K	$40K	10x	as long as short