Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against SunX+0.075%7-day average +0.042% · you sell dearer than you buy

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

Long on SunX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.014%−$1 on $10k

Price spread, last 3 days (all we have)−0.073%−$7 · spread now +0.075%, 7d avg +0.042%

Together, before fees−0.087%−$9 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: Aevo is 0.033% dearer against SunX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	307.43	0.0100	pay 0.0050% / 4h	2h 41m	$1K	$1.9M	20x
Short	Aevo TAO-PERP	307.66	0.0104	get 0.0013% / 1h	41m 30s	$169K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against SunX. 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 SunXbpFee AevobpOrdersPrice spread, now +0.075%Rate

Funding earned: $0.84
Price spread: +0.075% → +0.042%: $3.31
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$19.85
Costs to cover: 0.240%
Break-even: 172.4 days

Slippage unknown: SunX: live order book, 4 min ago; Aevo: live order book, 27 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 SunX live order book, 4 min ago	500.06 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 27 min ago	75.44 bp	101.7 bp −$102	666.8 bp −$6,668	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
dYdX TAO-USD	0.0000%	1h	308.00	+0.185%	$123K	$87K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	307.33	−0.034%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.08	+0.211%	$45K	$606K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	308.09	+0.215%	$88.9M	$459.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.10	+0.218%	$25.2M	$108.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.90	+0.153%	$12.5M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	308.19	+0.247%	$102.4M	$137.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	308.01	+0.189%	$17.9M	$29.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.02	+0.192%	$34.4M	$52.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.15	+0.558%	$34K	$298K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	309.02	+0.518%	$515K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.11	+0.546%	$46K	$268K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.45	+0.007%	$56K	$283K	10x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	307.43	long leg	$1K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	307.49	+0.020%	$126K	$471K	20x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	307.66	+0.075%	$169K	$998	3x
Katana Perps TAO-USD	+0.0116%	8h	308.10	+0.218%	$630	$678K	5x	as long as short
Aster TAOUSDT	+0.0166%	4h	307.94	+0.167%	$1.2M	$9.1M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0170% / S +0.0095%	1h	307.32	−0.037%	$421K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0172%	1h	307.53	+0.031%	$5.5M	$20.3M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0194%	1h	307.39	−0.013%	$15K	$1.5M	25x	as long as short
Bullet TAO-USD	+0.0229%	1h	307.93	+0.163%	$12K	$17K	20x	as long as short
Polymarket Perps TAO-USD	+0.0240%	1h	308.16	+0.237%	$77K	$643K	5x	as long as short
Paradex TAO-USD-PERP	+0.0275%	8h	308.19	+0.247%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0285%	1h	308.17	+0.241%	$364K	$378K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	308.40	+0.316%	$81K	$551K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.16	+1.213%	$4.4M	$10.7M	100x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	315.63	+2.667%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0583%	1h	308.23	+0.259%	$752K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	308.80	+0.446%	$323K	$681K	5x	as long as short
Phemex TAOUSDT	+0.0595%	4h	307.34	−0.029%	$3.3M	$8.0M	50x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	308.42	+0.322%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0696%	4h	309.05	+0.526%	$5.4M	$8.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	308.09	+0.216%	$354	—	20x	as long as short
BingX TAO-USDT	+0.0736%	4h	308.17	+0.241%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0810%	4h	308.33	+0.293%	$63.0M	$135.5M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0852%	1h	308.14	+0.231%	$311K	$814K	10x	as long as short
Extended TAO-USD	+0.0976%	1h	308.14	+0.232%	$885K	$2.4M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	308.15	+0.234%	$1.4M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	308.29	+0.280%	$410K	$604K	5x	as long as short
Hyperliquid TAO	+0.1267%	1h	308.42	+0.322%	$97.8M	$93.1M	5x	as long as short
Lighter TAO	+0.1376%	1h	308.44	+0.328%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.3743%	1h	312.40	+1.617%	$166K	$40K	10x	as long as short