Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against SunX−0.154%7-day average +0.024% · you buy dearer than you sell

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

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.008%−$1 on $10k

Price spread, last 3 days (all we have)+0.133%+$13 · spread now −0.154%, 7d avg +0.024%

Together, before fees+0.125%+$13 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: ApeX Omni is 0.178% cheaper against SunX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	319.00	0.0100	pay 0.0050% / 4h	3h 50m	$2K	$1.9M	20x
Short	ApeX Omni TAOUSDT	318.51	0.0100	get 0.0013% / 1h	50m 31s	$48K	$268K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.154%Rate

Funding earned: $0
Price spread: −0.154% → +0.024%: −$17.8
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$35.8
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 5 min ago; ApeX Omni: live order book, 21 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, 5 min ago	500.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 21 min ago	6.24 bp	14.7 bp −$15	133.1 bp −$1,331	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
Bulk TAO-USD	−0.1799%	1h	311.96	−2.207%	$167K	$44K	10x	as long as short
Phemex TAOUSDT	−0.0839%	4h	318.72	−0.088%	$3.4M	$7.9M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	319.11	+0.036%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.64	+0.202%	$21K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0069%	1h	319.10	+0.031%	$22K	$1.5M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.46	+0.458%	$42K	$579K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	320.31	+0.409%	$92.1M	$440.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.10	+0.345%	$25.9M	$107.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.50	+0.157%	$12.9M	$49.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	319.62	+0.194%	$105.7M	$131.8M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	319.60	+0.188%	$19.0M	$28.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.82	+0.257%	$35.7M	$48.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	318.79	−0.065%	$36K	$288K	10x	as long as short
ApeX Omni TAOUSDTshort	+0.0100%	1h	318.51	−0.154%	$48K	$268K	50x
Orderly PERP_TAO_USDC	+0.0100%	4h	319.40	+0.125%	$57K	$316K	10x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	319.00	long leg	$2K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	318.61	−0.122%	$127K	$422K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	319.61	+0.191%	$176K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0105%	8h	320.26	+0.395%	$2K	$595K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0168%	4h	320.12	+0.351%	$532K	$945K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0085%	1h	319.60	+0.188%	$462K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	319.73	+0.229%	$378K	$371K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	320.45	+0.455%	$85K	$545K	5x	as long as short
Paradex TAO-USD-PERP	+0.0226%	8h	319.61	+0.193%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0230%	4h	319.70	+0.219%	$1.1M	$8.1M	50x	as long as short
Bullet TAO-USD	+0.0274%	1h	319.96	+0.301%	$12K	$17K	20x	as long as short
Variational Omni TAO	+0.0305%	4h	320.13	+0.353%	$5.5M	$8.6M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.32	+0.100%	$4.4M	$10.9M	100x	as long as short
Polymarket Perps TAO-USD	+0.0365%	1h	320.29	+0.404%	$100K	$634K	5x	as long as short
BingX TAO-USDT	+0.0378%	4h	319.74	+0.232%	—	$30.7M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0481%	1h	318.87	−0.039%	$5.8M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	321.00	+0.627%	$336K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	320.58	+0.495%	$23K	$495	12x	as long as short
Bybit TAOUSDT	+0.0646%	4h	320.47	+0.461%	$66.0M	$130.2M	50x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	319.82	+0.256%	$368	—	20x	as long as short
Nado TAO-PERP	+0.0746%	1h	319.93	+0.291%	$891K	$2.0M	10x	as long as short
01 Exchange TAOUSD	+0.0832%	1h	320.61	+0.505%	$3K	$4K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	321.35	+0.737%	$1.5M	$6.1M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1022%	1h	319.03	+0.009%	$318K	$820K	10x	as long as short
Extended TAO-USD	+0.1048%	1h	320.04	+0.325%	$933K	$2.2M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	320.37	+0.428%	$423K	$590K	5x	as long as short
Lighter TAO	+0.1784%	1h	320.07	+0.334%	$1.7M	$5.9M	5x	as long as short
Hyperliquid TAO	+0.2908%	1h	320.89	+0.592%	$104.9M	$88.6M	5x	as long as short