Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Gate−0.076%7-day average +0.031% · you buy dearer than you sell

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

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.121%+$12 · spread now −0.076%, 7d avg +0.031%

Together, before fees+0.151%+$15 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 0.107% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	316.10	0.0100	pay 0.0050% / 4h	1h 50m	$15.7M	$47.3M	50x
Short	SunX TAO-USDT	315.86	0.0100	get 0.0050% / 4h	1h 50m	$2K	$1.8M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now −0.076%Rate

Funding earned: $0
Price spread: −0.076% → +0.031%: −$10.72
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$33.72
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 min ago; SunX: live order book, 10 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 Gate live order book, 2 min ago	1.58 bp	16.0 bp −$16	36.6 bp −$366	61.6 bp −$6,164	102.5 bp −$51.2K
Sell SunX live order book, 10 min ago	500.16 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

TAO on 43 exchanges

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	316.86	+0.240%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.55	+0.142%	$50K	$632K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.10	0.000%	$26.9M	$128.2M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	316.10	long leg	$15.7M	$47.3M	50x
KuCoin TAOUSDTM	+0.0100%	4h	316.25	+0.047%	$17.6M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.84	−0.082%	$35.8M	$56.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.25	+0.364%	$45K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.09	−0.003%	$81K	$1.1M	5x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	315.86	−0.076%	$2K	$1.8M	20x
HTX TAO-USDT	+0.0100%	4h	316.28	+0.057%	$113K	$563K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0104%	8h	316.09	−0.003%	$891	$1.3M	5x	as long as short
Bybit TAOUSDT	+0.0113%	4h	316.18	+0.025%	$69.2M	$155.6M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	316.15	+0.017%	$174K	$998	3x	as long as short
Phemex TAOUSDT	+0.0131%	4h	316.54	+0.139%	$3.2M	$8.1M	50x	as long as short
MEXC TAO_USDT	+0.0138%	4h	316.39	+0.092%	$105.5M	$147.3M	300x	as long as short
Binance TAOUSDT	+0.0140%	4h	316.15	+0.016%	$93.0M	$511.2M	75x	as long as short
edgeX TAOUSDC	+0.0146%	4h	317.23	+0.356%	$42K	$323K	10x	as long as short
BingX TAO-USDT	+0.0152%	4h	316.08	−0.006%	—	$38.0M	—	as long as short
Paradex TAO-USD-PERP	+0.0206%	8h	316.38	+0.089%	$14K	$876	10x	as long as short
Extended TAO-USD	+0.0216%	1h	316.00	−0.033%	$959K	$2.1M	25x	as long as short
Lighter TAO	+0.0224%	1h	316.43	+0.103%	$1.6M	$6.6M	5x	as long as short
Pacifica TAO	+0.0240%	1h	316.38	+0.089%	$375K	$456K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0255%	4h	316.04	−0.019%	$53K	$262K	10x	as long as short
Bullet TAO-USD	+0.0259%	1h	316.17	+0.022%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0262%	4h	317.12	+0.323%	$541K	$805K	10x	as long as short
Aster TAOUSDT	+0.0307%	4h	316.14	+0.013%	$1.2M	$11.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0360% / S −0.0107%	1h	316.55	+0.141%	$372K	—	100x	as long as short
BloFin TAO-USDT	+0.0381%	4h	316.79	+0.218%	$4.9M	$10.4M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0382%	1h	316.02	−0.025%	$15K	$1.9M	25x	as long as short
Nado TAO-PERP	+0.0383%	1h	316.35	+0.080%	$695K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0444%	4h	316.43	+0.106%	$5.7M	$9.8M	—	as long as short
Hyperliquid TAO	+0.0464%	1h	316.53	+0.136%	$95.3M	$107.0M	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	316.75	+0.206%	$100K	$310K	5x	as long as short
dYdX TAO-USD	+0.0623%	1h	316.04	−0.019%	$266K	$230K	5x	as long as short
01 Exchange TAOUSD	+0.0632%	1h	316.68	+0.183%	$3K	$2K	5x	as long as short
Phoenix TAO	+0.0650%	1h	317.60	+0.475%	$319K	$710K	5x	as long as short
RISEx TAO/USDC	+0.0666%	1h	316.67	+0.181%	$436K	$677K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0671%	1h	316.50	+0.127%	$297K	$1.1M	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	316.32	+0.070%	$1.1M	$7.6M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	316.25	+0.049%	$364	—	20x	as long as short
Bulk TAO-USD	+0.0807%	1h	318.75	+0.838%	$169K	$0	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0932%	1h	316.10	0.000%	$6.2M	$19.5M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	322.67	+2.078%	$23K	$2K	12x	as long as short