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 −0.003%

Price spread now: Bitget against SunX−0.298%7-day average −0.035% · you buy dearer than you sell

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

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.257%+$26 · spread now −0.298%, 7d avg −0.035%

Together, before fees+0.244%+$24 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: Bitget is 0.263% cheaper against SunX than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	315.52	0.0100	pay 0.0050% / 4h	2h 34m	$1K	$1.9M	20x
Short	Bitget TAOUSDT	314.58	0.0100	get 0.0050% / 4h	2h 34m	$35.4M	$57.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.298%Rate

Funding earned: $0
Price spread: −0.298% → −0.035%: −$26.32
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$46.32
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 1 min ago; Bitget: live order book, 4 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, 1 min ago	499.71 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 4 min ago	1.76 bp	10.5 bp −$10	16.9 bp −$169	47.3 bp −$4,734	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	315.73	+0.066%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0039%	1h	314.72	−0.254%	$125K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.48	−0.330%	$90.2M	$507.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.50	−0.323%	$26.3M	$122.5M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	314.32	−0.380%	$167K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.60	−0.292%	$13.9M	$50.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.86	−0.209%	$107.7M	$145.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.76	−0.241%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDTshort	+0.0100%	4h	314.58	−0.298%	$35.4M	$57.0M	50x
edgeX TAOUSDC	+0.0100%	4h	313.69	−0.581%	$41K	$315K	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	315.99	+0.149%	$90K	$919K	5x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	315.52	long leg	$1K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	315.64	+0.038%	$111K	$553K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.98	+0.146%	$3.2M	$8.0M	50x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	314.61	−0.288%	$644	$907K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.05	+0.168%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0124%	4h	316.14	+0.197%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0130% / S +0.0139%	1h	315.69	+0.055%	$423K	—	100x	as long as short
Popdex TAOUSDT	+0.0184%	1h	314.45	−0.339%	$50K	$665K	20x	as long as short
Aster TAOUSDT	+0.0199%	4h	314.86	−0.209%	$1.3M	$10.6M	50x	as long as short
Pacifica TAO	+0.0233%	1h	315.03	−0.157%	$359K	$419K	10x	as long as short
Nado TAO-PERP	+0.0256%	1h	314.67	−0.269%	$777K	$2.2M	10x	as long as short
Paradex TAO-USD-PERP	+0.0265%	8h	315.10	−0.133%	$14K	$1K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0301%	1h	316.14	+0.196%	$5.9M	$21.4M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0306%	4h	313.96	−0.494%	$533K	$935K	10x	as long as short
ApeX Omni TAOUSDT	+0.0338%	1h	313.52	−0.634%	$44K	$257K	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.94	+0.133%	$4.6M	$11.0M	100x	as long as short
Bullet TAO-USD	+0.0342%	1h	316.13	+0.192%	$12K	$17K	20x	as long as short
BingX TAO-USDT	+0.0426%	4h	314.79	−0.231%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0431%	4h	314.95	−0.182%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0456%	1h	314.72	−0.254%	$904K	$2.4M	25x	as long as short
Bybit TAOUSDT	+0.0462%	4h	314.59	−0.295%	$68.3M	$152.2M	50x	as long as short
Arcus TAO-USD	+0.0483%	1h	315.01	−0.162%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	314.00	−0.482%	$312K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0626%	1h	316.08	+0.176%	$10K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	316.24	+0.229%	$364	—	20x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	314.62	−0.285%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0799%	1h	315.51	−0.003%	$92.2M	$108.8M	5x	as long as short
Lighter TAO	+0.0832%	1h	315.20	−0.101%	$1.5M	$6.6M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0840%	1h	315.92	+0.127%	$312K	$889K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	316.93	+0.447%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	314.58	−0.296%	$456K	$651K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	317.66	+0.678%	$23K	$2K	12x	as long as short