Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0197%/8h= +21.6% APRpaid last 24h +0.007%

Price spread now: Bullet against SunX+0.088%7-day average — · you sell dearer than you buy

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

Long on SunX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Bullet is 0.088% dearer against SunX than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	319.48	0.0100	pay 0.0050% / 4h	11m 00s	$1K	$2.0M	20x
Short	Bullet TAO-USD	319.76	0.0297	get 0.0037% / 1h	11m 00s	$12K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.088%Rate

Funding earned: $41.43
Price spread: +0.088% → 0.000%: $8.76
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: $34.2
Costs to cover: 0.160%
Break-even: 1.2 days

Slippage unknown: SunX: live order book, 5 min ago; Bullet: no order-book sample. 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	500.16 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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 −0.0005%	1h	319.39	−0.028%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0071%	1h	319.34	−0.044%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.84	+0.113%	$47K	$713K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.50	+0.006%	$26.6M	$132.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.50	+0.006%	$14.8M	$52.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.66	+0.056%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.43	−0.016%	$36.0M	$58.0M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.64	+0.050%	$88K	$1.2M	5x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	319.48	long leg	$1K	$2.0M	20x
HTX TAO-USDT	+0.0100%	4h	319.10	−0.119%	$117K	$602K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX TAO/USD [WBTC.b-USDC]	L +0.0103% / S +0.0137%	1h	319.40	−0.026%	$412K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	319.54	+0.019%	$2K	$1.1M	5x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.85	+0.117%	$176K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0139%	1h	319.58	+0.031%	$46K	$259K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0175%	4h	319.67	+0.059%	$52K	$294K	10x	as long as short
edgeX TAOUSDC	+0.0184%	4h	317.44	−0.639%	$42K	$321K	10x	as long as short
MEXC TAO_USDT	+0.0188%	4h	319.80	+0.100%	$104.3M	$152.7M	300x	as long as short
Binance TAOUSDT	+0.0189%	4h	319.76	+0.087%	$92.5M	$532.8M	75x	as long as short
Paradex TAO-USD-PERP	+0.0263%	8h	319.81	+0.102%	$15K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0271%	4h	319.70	+0.069%	$70.2M	$157.1M	50x	as long as short
BingX TAO-USDT	+0.0272%	4h	319.65	+0.053%	—	$37.3M	—	as long as short
Bullet TAO-USDshort	+0.0297%	1h	319.76	+0.088%	$12K	$17K	20x
Pacifica TAO	+0.0313%	1h	319.68	+0.064%	$375K	$466K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0322%	4h	319.53	+0.015%	$544K	$907K	10x	as long as short
Phemex TAOUSDT	+0.0346%	4h	319.63	+0.047%	$3.2M	$8.2M	50x	as long as short
Aster TAOUSDT	+0.0352%	4h	319.71	+0.072%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0384%	1h	319.65	+0.053%	$906K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0429%	4h	319.96	+0.150%	$4.7M	$11.0M	100x	as long as short
Nado TAO-PERP	+0.0461%	1h	319.62	+0.045%	$786K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	319.90	+0.131%	$101K	$384K	5x	as long as short
Variational Omni TAO	+0.0560%	4h	318.03	−0.455%	$5.6M	$10.1M	—	as long as short
Lighter TAO	+0.0600%	1h	319.92	+0.139%	$1.6M	$6.9M	5x	as long as short
Phoenix TAO	+0.0629%	1h	319.90	+0.131%	$321K	$703K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0654%	1h	319.67	+0.061%	$15K	$1.9M	25x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	320.11	+0.197%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0696%	1h	319.80	+0.100%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.69	+0.064%	$368	—	20x	as long as short
Hyperliquid TAO	+0.0712%	1h	319.85	+0.116%	$94.6M	$110.7M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0829%	1h	319.74	+0.080%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	319.55	+0.021%	$454K	$662K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.12	+0.200%	$1.4M	$7.1M	50x	as long as short
Bulk TAO-USD	+0.1572%	1h	317.17	−0.723%	$169K	$0	10x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	318.80	−0.213%	$23K	$2K	12x	as long as short