Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against MEXC−0.270%7-day average −0.003% · you buy dearer than you sell

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

Long on MEXC Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)+0.273%+$27 · spread now −0.270%, 7d avg −0.003%

Together, before fees+0.341%+$34 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 0.267% cheaper against MEXC than usual: you would sell low and buy high, −$27 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	MEXC TAO_USDT	314.81	0.0100	pay 0.0050% / 4h	2h 24m	$108.7M	$146.0M	300x
Short	SunX TAO-USDT	313.96	0.0100	get 0.0050% / 4h	2h 24m	$1K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against MEXC. 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 MEXCbpFee SunXbpOrdersPrice spread, now −0.270%Rate

Funding earned: $0
Price spread: −0.270% → −0.003%: −$26.7
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$34.7
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 5 min ago; SunX: live order book, 1 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 MEXC live order book, 5 min ago	0.64 bp	2.2 bp −$2	11.4 bp −$114	34.5 bp −$3,448	107.5 bp −$53.7K
Sell SunX live order book, 1 min ago	499.03 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.81	−0.318%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0044%	1h	314.36	−0.143%	$125K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.97	+0.051%	$90.4M	$508.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.00	+0.060%	$26.4M	$122.8M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	313.47	−0.425%	$167K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.60	−0.067%	$14.0M	$51.1M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	314.81	long leg	$108.7M	$146.0M	300x
KuCoin TAOUSDTM	+0.0100%	4h	314.64	−0.054%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.48	−0.105%	$35.4M	$57.1M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.26	−0.493%	$41K	$314K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	314.78	−0.010%	$90K	$920K	5x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	313.96	−0.270%	$1K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	313.54	−0.403%	$113K	$554K	20x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	314.72	−0.029%	$644	$928K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.08	−0.233%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0122%	4h	314.15	−0.210%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0128% / S +0.0140%	1h	313.81	−0.317%	$420K	—	100x	as long as short
Popdex TAOUSDT	+0.0136%	1h	315.02	+0.067%	$52K	$669K	20x	as long as short
Phemex TAOUSDT	+0.0192%	4h	313.96	−0.270%	$3.2M	$8.0M	50x	as long as short
Aster TAOUSDT	+0.0211%	4h	314.48	−0.105%	$1.3M	$10.6M	50x	as long as short
Pacifica TAO	+0.0233%	1h	314.76	−0.016%	$358K	$419K	10x	as long as short
Nado TAO-PERP	+0.0265%	1h	315.03	+0.069%	$777K	$2.2M	10x	as long as short
Paradex TAO-USD-PERP	+0.0272%	8h	315.06	+0.081%	$14K	$1K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.19	−0.196%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0325%	1h	314.15	−0.209%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.97	−0.267%	$4.6M	$10.9M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0348%	4h	314.02	−0.252%	$533K	$923K	10x	as long as short
ApeX Omni TAOUSDT	+0.0359%	1h	313.36	−0.461%	$44K	$256K	50x	as long as short
Bybit TAOUSDT	+0.0423%	4h	315.06	+0.079%	$68.5M	$152.5M	50x	as long as short
BingX TAO-USDT	+0.0430%	4h	314.82	+0.003%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0439%	4h	313.02	−0.569%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0480%	1h	314.77	−0.012%	$896K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	315.13	+0.102%	$101K	$345K	5x	as long as short
Phoenix TAO	+0.0513%	1h	313.30	−0.480%	$312K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0644%	1h	314.10	−0.227%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.71	−0.033%	$362	—	20x	as long as short
01 Exchange TAOUSD	+0.0760%	1h	315.42	+0.194%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0776%	1h	314.93	+0.039%	$1.5M	$6.6M	5x	as long as short
Hyperliquid TAO	+0.0803%	1h	314.72	−0.029%	$92.0M	$108.5M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0812%	1h	314.16	−0.206%	$312K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	315.03	+0.070%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	314.82	+0.004%	$456K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	319.48	+1.483%	$23K	$2K	12x	as long as short