Settings8H · net · $10k
Funding arb · Price arb /

TAO

all TAO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0884%/8h= +96.8% APRpaid last 24h +0.249%
Price spread now: Coinbase International against SunX−0.069%7-day average +0.189% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.577%+$58 on $10k
Price spread, last 4 days (all we have)+0.192%+$19 · spread now −0.069%, 7d avg +0.189%
Together, before fees+0.768%+$77 on $10k · with fees, hour by hour
Funding pays, the price is against you. Coinbase International is 0.259% cheaper against SunX than usual: you would sell low and buy high (spread −0.069% now, against its 7-day average of +0.189%). If the spread goes back, that is −$26 on $10k: about 23 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.577% in total) that is about 3.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.577% in total (about 30.1% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX TAO-USDT318.210.0100pay 0.0050% / 4h17m 30s$2K$2.0M20x
ShortCoinbase International TAO-PERP-INTX317.990.0984get 0.0123% / 1h17m 30s$1.4M$7.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$185.64
Price spread: −0.069% → +0.189%
−$25.85
Slippage, 4 orders
no order book: not counted
Fee SunX: 4 bp × 2 orders
−$8
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$141.79
Costs to cover
0.180%
Break-even
1.7 days
Slippage unknown: SunX: live order book, 9 min ago; Coinbase International: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 9 min ago500.23 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Coinbase International live order book, 2 min ago5.66 bp11.4 bp −$1114.9 bp −$149doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h317.62−0.185%$22K150xas long as short
dYdX TAO-USD+0.0073%1h317.94−0.084%$127K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h317.92−0.091%$45K$714K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h317.80−0.129%$26.4M$131.1M50xas long as short
Gate TAO_USDT+0.0100%4h317.90−0.097%$14.7M$51.9M50xas long as short
KuCoin TAOUSDTM+0.0100%4h317.91−0.094%$17.9M$32.4M75xas long as short
Bitget TAOUSDT+0.0100%4h317.74−0.148%$35.7M$57.9M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h317.50−0.223%$46K$259K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h317.85−0.113%$88K$1.2M5xas long as short
SunX TAO-USDTlong+0.0100%4h318.21long leg$2K$2.0M20x
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX TAO-USDT+0.0100%4h317.76−0.141%$116K$603K20xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0104% / S +0.0138%1h318.13−0.025%$406K100xas long as short
Katana Perps TAO-USD+0.0106%8h317.72−0.154%$2K$1.1M5xas long as short
Aevo TAO-PERP+0.0128%1h318.55+0.107%$175K$9983xas long as short
Orderly PERP_TAO_USDC+0.0166%4h318.49+0.088%$52K$294K10xas long as short
edgeX TAOUSDC+0.0171%4h317.59−0.194%$42K$320K10xas long as short
MEXC TAO_USDT+0.0176%4h318.00−0.066%$103.2M$152.4M300xas long as short
Binance TAOUSDT+0.0185%4h317.88−0.104%$91.9M$531.3M75xas long as short
Paradex TAO-USD-PERP+0.0252%8h318.13−0.027%$14K$1K10xas long as short
BingX TAO-USDT+0.0258%4h317.87−0.107%$37.3Mas long as short
Bybit TAOUSDT+0.0260%4h317.90−0.097%$69.7M$156.9M50xas long as short
Bullet TAO-USD+0.0284%1h317.90−0.097%$12K$17K20xas long as short
Pacifica TAO+0.0313%1h318.22+0.003%$373K$466K10xas long as short
GRVT TAO_USDT_Perp+0.0324%4h317.89−0.101%$541K$907K10xas long as short
Aster TAOUSDT+0.0347%4h318.00−0.066%$1.3M$11.0M50xas long as short
Extended TAO-USD+0.0376%1h317.99−0.068%$903K$2.4M25xas long as short
BloFin TAO-USDT+0.0417%4h317.93−0.088%$4.7M$10.9M100xas long as short
Phemex TAOUSDT+0.0439%4h318.23+0.006%$3.2M$8.2M50xas long as short
Nado TAO-PERP+0.0464%1h318.08−0.040%$784K$2.0M10xas long as short
Arcus TAO-USD+0.0473%1h318.33+0.038%$100K$384K5xas long as short
Lighter TAO+0.0552%1h318.36+0.046%$1.6M$6.9M5xas long as short
Variational Omni TAO+0.0557%4h315.52−0.845%$5.5M$10.2Mas long as short
Deribit TAO_USDC-PERPETUAL+0.0585%1h318.51+0.095%$15K$1.9M25xas long as short
Phoenix TAO+0.0629%1h318.40+0.060%$320K$703K5xas long as short
Backpack TAO_USDC_PERP+0.0677%1h318.42+0.066%$297K$906K10xas long as short
01 Exchange TAOUSD+0.0680%1h318.17−0.013%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0698%1h317.96−0.080%$36620xas long as short
Hyperliquid TAO+0.0711%1h318.01−0.063%$93.9M$110.5M5xas long as short
RISEx TAO/USDC+0.0831%1h318.06−0.048%$450K$655K5xas long as short
Kraken Futures PF_TAOUSD+0.0832%1h318.61+0.127%$6.0M$21.7M50xas long as short
Coinbase International TAO-PERP-INTXshort+0.0984%1h317.99−0.069%$1.4M$7.0M50x
Bulk TAO-USD+0.1572%1h317.17−0.327%$169K$010xas long as short
Injective TAO/USDC PERP+0.4513%1h318.80+0.185%$23K$2K12xas long as short