Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against SunX−0.317%53s7-day average −0.029% · you buy dearer than you sell

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

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 3 days (all we have)+0.273%+$27 · spread now −0.317%, 7d avg −0.029%

Together, before fees+0.213%+$21 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: Gate is 0.288% cheaper against SunX than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of −0.029%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	309.38	0.0100	pay 0.0050% / 4h	2h 06m	$2K	$1.8M	20x
Short	Gate TAO_USDT	308.40	0.0100	get 0.0050% / 4h	2h 06m	$12.3M	$48.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.317%Rate

Funding earned: $0
Price spread: −0.317% → −0.029%: −$28.81
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$51.81
Costs to cover: 0.230%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 9 min ago; Gate: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 9 min ago	500.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.22 bp	17.3 bp −$17	40.0 bp −$400	72.6 bp −$7,259	120.5 bp −$60.3K

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	−0.0601%	1h	309.73	+0.113%	$203K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	308.27	−0.359%	$129K	$84K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	309.03	−0.112%	$11K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	308.36	−0.329%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.43	−0.307%	$43K	$528K	20x	as long as short
Pacifica TAO	+0.0100%	1h	308.48	−0.290%	$364K	$368K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	308.52	−0.279%	$86.5M	$405.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	308.65	−0.236%	$60.0M	$119.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.60	−0.252%	$25.4M	$93.8M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.93	−0.145%	$138K	$584K	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDTshort	+0.0100%	4h	308.40	−0.317%	$12.3M	$48.8M	50x
MEXC TAO_USDT	+0.0100%	4h	308.52	−0.278%	$119.1M	$126.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	308.38	−0.323%	$18.9M	$26.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.38	−0.323%	$34.5M	$44.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	308.53	−0.275%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	307.99	−0.450%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	308.32	−0.341%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	309.18	−0.065%	$550K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.84	−0.498%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.62	−0.246%	$78K	$662K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.55	−0.268%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.41	−0.314%	$59K	$276K	10x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	309.38	long leg	$2K	$1.8M	20x
HTX TAO-USDT	+0.0100%	4h	309.54	+0.052%	$122K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	309.01	−0.120%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	309.34	−0.012%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	308.42	−0.310%	$2K	$456K	5x	as long as short
Paradex TAO-USD-PERP	+0.0159%	8h	308.46	−0.298%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0162%	4h	308.49	−0.288%	$1.1M	$7.6M	50x	as long as short
Phoenix TAO	+0.0234%	1h	308.80	−0.187%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0299%	1h	308.35	−0.332%	$851K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	309.54	+0.052%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0485% / S −0.0184%	1h	308.32	−0.343%	$453K	—	100x	as long as short
01 Exchange TAOUSD	+0.0544%	1h	308.75	−0.204%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	308.46	−0.297%	$355	—	20x	as long as short
Extended TAO-USD	+0.0768%	1h	308.52	−0.278%	$907K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0913%	1h	309.00	−0.123%	$384K	$754K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	311.63	+0.727%	$1.5M	$5.5M	50x	as long as short
Lighter TAO	+0.0976%	1h	308.69	−0.223%	$1.7M	$4.8M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1019%	1h	309.25	−0.042%	$6.4M	$19.0M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	308.67	−0.229%	$413K	$542K	5x	as long as short
Hyperliquid TAO	+0.1851%	1h	309.13	−0.081%	$96.9M	$77.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	−0.210%	$22K	$271	12x	as long as short