Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against SunX−0.056%7-day average — · you buy dearer than you sell

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

Long on SunX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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 against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.056% cheaper against SunX than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	315.72	0.0100	pay 0.0050% / 4h	38m 17s	$1K	$1.9M	20x
Short	gTrade (Gains Network) TAO/USD	315.54	L +0.0004% / S −0.0004%	get 0.0001% / 1h	38m 17s	$20K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.056%Rate

Funding earned: −$20.15
Price spread: −0.056% → 0.000%: −$5.57
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$43.72
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 8 min ago; gTrade (Gains Network): 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, 8 min ago	500.22 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
Bulk TAO-USD	−0.0482%	1h	315.13	−0.187%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.04	−0.214%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USDshort	L +0.0004% / S −0.0004%	1h	315.54	−0.056%	$20K	—	150x
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.47	−0.080%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.85	+0.041%	$42K	$688K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.74	+0.007%	$91.0M	$491.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.70	−0.006%	$26.0M	$119.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.50	−0.070%	$13.0M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.80	+0.025%	$106.2M	$142.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.72	0.000%	$17.5M	$31.7M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	315.43	−0.092%	$35.2M	$55.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.41	−0.097%	$35K	$302K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.94	−0.247%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.72	0.000%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.83	+0.035%	$12K	$18K	20x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	315.72	long leg	$1K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	314.75	−0.307%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.81	−0.288%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	315.50	−0.070%	$1K	$787K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0104%	4h	316.85	+0.359%	$528K	$944K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.68	−0.012%	$173K	$998	3x	as long as short
Bybit TAOUSDT	+0.0112%	4h	315.82	+0.032%	$68.6M	$146.8M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0127%	4h	315.70	−0.006%	$57K	$275K	10x	as long as short
BingX TAO-USDT	+0.0146%	4h	315.74	+0.006%	—	$30.0M	—	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0151% / S +0.0123%	1h	315.51	−0.066%	$420K	—	100x	as long as short
Nado TAO-PERP	+0.0178%	1h	315.69	−0.009%	$805K	$2.2M	10x	as long as short
Paradex TAO-USD-PERP	+0.0185%	8h	315.41	−0.099%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0207%	4h	315.35	−0.119%	$1.2M	$10.2M	50x	as long as short
01 Exchange TAOUSD	+0.0256%	1h	315.71	−0.003%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0274%	1h	315.99	+0.086%	$93.6M	$105.6M	5x	as long as short
Extended TAO-USD	+0.0280%	1h	315.57	−0.046%	$922K	$2.4M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0339%	1h	314.83	−0.282%	$315K	$913K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.25	−0.149%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.64	−0.025%	$99K	$488K	5x	as long as short
Pacifica TAO	+0.0365%	1h	315.17	−0.174%	$359K	$411K	10x	as long as short
Lighter TAO	+0.0376%	1h	315.45	−0.087%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0395%	1h	315.90	+0.058%	$11K	$1.6M	25x	as long as short
Phoenix TAO	+0.0581%	1h	317.30	+0.500%	$316K	$697K	5x	as long as short
Variational Omni TAO	+0.0615%	4h	315.95	+0.072%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.85	+0.040%	$363	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.55	−0.054%	$437K	$659K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	318.13	+0.763%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.61	+1.232%	$23K	$2K	12x	as long as short