Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: SunX against gTrade (Gains Network)+0.031%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on SunX

What this pair did over the last

the charts below follow

Funding, last 3 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 for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.031% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TAO/USD	317.42	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	51m 48s	$10K	—	150x
Short	SunX TAO-USDT	317.52	0.0100	get 0.0050% / 4h	1h 51m	$2K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee SunXbpOrdersPrice spread, now +0.031%Rate

Funding earned: $20.11
Price spread: +0.031% → 0.000%: $3.06
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: $5.17
Costs to cover: 0.180%
Break-even: 5.2 days

Slippage unknown: gTrade (Gains Network): no order-book sample; SunX: live order book, 4 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell SunX live order book, 4 min ago	514.83 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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 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
Bulk TAO-USD	−0.2257%	1h	317.17	−0.080%	$168K	$40K	10x	as long as short
ApeX Omni TAOUSDT	−0.0750%	1h	314.06	−1.059%	$47K	$253K	50x	as long as short
dYdX TAO-USD	0.0000%	1h	316.90	−0.165%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USDlong	L +0.0004% / S −0.0004%	1h	317.42	long leg	$10K	—	150x
Popdex TAOUSDT	+0.0096%	1h	318.02	+0.188%	$46K	$645K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.21	−0.067%	$91.7M	$467.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.00	−0.133%	$26.2M	$115.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.10	−0.102%	$13.0M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.10	−0.102%	$104.9M	$137.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.06	−0.114%	$18.1M	$30.6M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	317.04	−0.121%	$35.4M	$53.5M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	317.37	−0.017%	$36K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.72	+0.094%	$78K	$733K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	317.63	+0.065%	$58K	$282K	10x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	317.52	+0.031%	$2K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	317.82	+0.125%	$130K	$474K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.52	+0.031%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.87	+0.142%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	318.21	+0.248%	$1K	$736K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0165% / S +0.0104%	1h	317.37	−0.018%	$431K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0190%	4h	316.25	−0.369%	$526K	$946K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0247%	1h	317.54	+0.038%	$5.6M	$20.5M	50x	as long as short
Aster TAOUSDT	+0.0307%	4h	317.56	+0.043%	$1.2M	$9.3M	50x	as long as short
Bullet TAO-USD	+0.0344%	1h	317.88	+0.144%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0348%	8h	317.46	+0.010%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0378%	1h	317.61	+0.058%	$14K	$1.6M	25x	as long as short
Pacifica TAO	+0.0448%	1h	317.46	+0.012%	$375K	$393K	10x	as long as short
Phoenix TAO	+0.0504%	1h	317.80	+0.119%	$333K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	317.62	+0.062%	$100K	$489K	5x	as long as short
Nado TAO-PERP	+0.0519%	1h	317.92	+0.157%	$766K	$2.1M	10x	as long as short
BingX TAO-USDT	+0.0686%	4h	317.40	−0.007%	—	$30.3M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	317.68	+0.082%	$365	—	20x	as long as short
Bybit TAOUSDT	+0.0731%	4h	317.22	−0.064%	$67.4M	$138.6M	50x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	318.77	+0.424%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0865%	4h	319.02	+0.504%	$6.0M	$9.6M	—	as long as short
Backpack TAO_USDC_PERP	+0.0918%	1h	317.68	+0.081%	$321K	$802K	10x	as long as short
Extended TAO-USD	+0.0928%	1h	317.25	−0.056%	$900K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	319.77	+0.739%	$1.5M	$6.5M	50x	as long as short
Lighter TAO	+0.1128%	1h	317.65	+0.070%	$1.6M	$6.1M	5x	as long as short
RISEx TAO/USDC	+0.1159%	1h	318.24	+0.259%	$450K	$626K	5x	as long as short
Hyperliquid TAO	+0.1436%	1h	317.97	+0.172%	$100.6M	$98.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	320.94	+1.108%	$23K	$2K	12x	as long as short