Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0348%/8h= −38.1% APRpaid last 24h −0.002%

Price spread now: SunX against Pacifica−0.459%7-day average −0.011% · you buy dearer than you sell

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

Long on Pacifica Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.002%$0 on $10k

Price spread, last 3 days (all we have)+0.528%+$53 · spread now −0.459%, 7d avg −0.011%

Together, before fees+0.530%+ Points / potential airdropPacifica: Active · farm board+$53 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and SunX is 0.448% cheaper against Pacifica than usual: you would sell low and buy high (−$45 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.002% in total (about 0.1% a year). A funding rate is set anew for every payment. 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	Pacifica TAO	318.17	0.0448	pay 0.0056% / 1h	54m 30s	$376K	$393K	10x
Short	SunX TAO-USDT	316.71	0.0100	get 0.0050% / 4h	1h 54m	$2K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Pacifica. 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 PacificabpFee SunXbpOrdersPrice spread, now −0.459%Rate

Funding earned: −$73.06
Price spread: −0.459% → −0.011%: −$44.75
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SunX: 4 bp × 2 orders: −$8
Net: −$133.82
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 9 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 Pacifica live order book, 9 min ago	3.77 bp	8.6 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 1 min ago	514.83 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
Bulk TAO-USD	−0.2257%	1h	317.17	−0.314%	$168K	$40K	10x	as long as short
ApeX Omni TAOUSDT	−0.0750%	1h	314.06	−1.292%	$47K	$253K	50x	as long as short
dYdX TAO-USD	0.0000%	1h	317.56	−0.192%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.70	−0.460%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.49	−0.214%	$45K	$646K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.49	−0.214%	$91.7M	$467.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.30	−0.273%	$26.2M	$115.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.60	−0.179%	$13.0M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.81	−0.113%	$104.7M	$137.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.15	−0.006%	$18.2M	$30.7M	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	317.14	−0.324%	$35.4M	$53.4M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.73	−1.080%	$35K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.40	−0.242%	$79K	$729K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.94	−0.387%	$58K	$282K	10x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	316.71	−0.459%	$2K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	317.03	−0.358%	$130K	$475K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.98	−0.374%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.32	−0.267%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	317.62	−0.173%	$675	$732K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0165% / S +0.0104%	1h	316.67	−0.471%	$430K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0190%	4h	316.25	−0.603%	$526K	$946K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0247%	1h	317.03	−0.357%	$5.6M	$20.5M	50x	as long as short
Aster TAOUSDT	+0.0292%	4h	317.65	−0.163%	$1.2M	$9.3M	50x	as long as short
Bullet TAO-USD	+0.0326%	1h	317.12	−0.330%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0350%	8h	317.99	−0.057%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0393%	1h	317.03	−0.360%	$14K	$1.6M	25x	as long as short
Pacifica TAOlong	+0.0448%	1h	318.17	long leg	$376K	$393K	10x
Arcus TAO-USD	+0.0509%	1h	318.13	−0.013%	$100K	$489K	5x	as long as short
Nado TAO-PERP	+0.0545%	1h	317.66	−0.161%	$765K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	316.10	−0.651%	$332K	$707K	5x	as long as short
BingX TAO-USDT	+0.0686%	4h	317.81	−0.113%	—	$30.3M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	317.35	−0.258%	$365	—	20x	as long as short
Bybit TAOUSDT	+0.0737%	4h	317.57	−0.189%	$67.4M	$138.4M	50x	as long as short
01 Exchange TAOUSD	+0.0744%	1h	318.15	−0.006%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0835%	1h	317.84	−0.104%	$321K	$802K	10x	as long as short
Variational Omni TAO	+0.0865%	4h	319.02	+0.268%	$6.0M	$9.6M	—	as long as short
Extended TAO-USD	+0.0912%	1h	317.72	−0.141%	$900K	$2.3M	25x	as long as short
Lighter TAO	+0.1008%	1h	318.30	+0.040%	$1.6M	$6.1M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	319.28	+0.349%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	317.79	−0.121%	$450K	$626K	5x	as long as short
Hyperliquid TAO	+0.1438%	1h	318.43	+0.082%	$100.7M	$98.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	320.94	+0.871%	$23K	$2K	12x	as long as short