data as of
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Price arb /

TAO

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Spread before costs (cost unknown: a leg has no order-book sample)−0.023%
7d average+0.075%if it closes, per $10,000$2funding while held, a day+$6.12
Long on SunXShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX TAO-USDT284.130.0100pay 0.0050% / 4h1h 41m$2K$1.5M20x
ShortLighter TAO284.060.0304get 0.0038% / 1h41m 25s$1.3M$1.8M5x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$2.29
Funding while held
$6.12
Slippage, 4 orders
no order book: not counted
Fee SunX: 5 bp × 2 orders
−$10
Fee Lighter: 0 bp × 2 orders
$0
Net
−$6.17
Spread needed to break even
0.100%
Slippage unknown: SunX: live order book, 11 min ago; Lighter: live order book, 7 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0204%
Per $10,000 a day
+$6.12
Average in range /8h
—

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, 11 min ago500.24 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell Lighter live order book, 7 min ago1.37 bp3.6 bp −$415.1 bp −$151doesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
HTX283.19cheapestVariational Omni283.26+0.025%edgeX283.37+0.062%Extended283.44+0.088%Gate283.50+0.109%Paradex283.52+0.116%Bulk283.57+0.136%RISEx283.58+0.138%Bitget283.58+0.138%MEXC283.61+0.148%ApeX Omni283.63+0.155%BingX283.64+0.159%dYdX283.66+0.166%BloFin283.72+0.187%Katana Perps283.74+0.194%Binance283.75+0.196%Popdex283.75+0.198%Polymarket Perps283.78+0.208%Nado283.81+0.219%Reya283.82+0.223%KuCoin283.83+0.226%Arcus283.84+0.230%Pacifica283.87+0.240%OKX283.90+0.251%Bybit283.92+0.258%Phemex283.94+0.265%Aster283.94+0.266%Hyperliquid283.99+0.282%GMX284.06+0.307%
Lighter284.06+0.309%
gTrade (Gains Network)284.08+0.316%Backpack284.09+0.318%Phoenix284.10+0.321%
SunX284.13+0.332%
Bullet284.14+0.336%Orderly284.20+0.357%Kraken Futures284.22+0.365%Deribit284.23+0.366%Aevo284.23+0.369%Coinbase International284.57+0.487%Injective286.37+1.123%

TAO on 41 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX TAO-USDT−0.331%+0.0100%4h$115K$308K20xas long as short
Variational Omni TAO−0.306%+0.0100%4h$3.3M$4.4M—as long as short
edgeX TAOUSDC−0.269%+0.0100%4h$32K$286K10xas long as short
Extended TAO-USD−0.243%+0.0104%1h$787K$1.2M25xas long as short
Gate TAO_USDT−0.222%+0.0100%4h$11.2M$44.4M50xas long as short
Paradex TAO-USD-PERP−0.215%+0.0104%8h$13K$37610xas long as short
Bulk TAO-USD−0.195%+0.0208%1h$148K$010xas long as short
RISEx TAO/USDC−0.194%+0.0556%1h$319K$396K5xas long as short
Bitget TAOUSDT−0.194%+0.0100%4h$32.2M$34.2M50xas long as short
MEXC TAO_USDT−0.183%+0.0100%4h$112.6M$94.1M300xas long as short
Show all 41 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
ApeX Omni TAOUSDT−0.176%+0.0100%1h$43K$266K50xas long as short
BingX TAO-USDT−0.172%+0.0100%4h—$28.1M—as long as short
dYdX TAO-USD−0.165%+0.0141%1h$72K$55K5xas long as short
BloFin TAO-USDT−0.144%+0.0340%4h$4.0M$6.8M100xas long as short
Katana Perps TAO-USD−0.137%+0.0100%8h$1K$260K5xas long as short
Binance TAOUSDT−0.135%+0.0100%4h$79.5M$306.9M75xas long as short
Popdex TAOUSDT−0.134%+0.0096%1h$40K$443K20xas long as short
Polymarket Perps TAO-USD−0.123%+0.0100%1h$72K$1.1M5xas long as short
Nado TAO-PERP−0.113%+0.0295%1h$1.1M$1.1M10xas long as short
Reya TAORUSDPERP−0.109%+0.0691%1h$326—20xas long as short
KuCoin TAOUSDTM−0.106%+0.0100%4h$17.1M$17.8M75xas long as short
Arcus TAO-USD−0.102%+0.0100%1h$123K$568K5xas long as short
Pacifica TAO−0.091%+0.0100%1h$331K$386K10xas long as short
OKX TAO-USDT-SWAP−0.081%+0.0100%8h$23.0M$64.3M50xas long as short
Bybit TAOUSDT−0.074%+0.0100%4h$51.4M$80.5M50xas long as short
Phemex TAOUSDT−0.067%+0.0100%4h$3.0M$7.7M50xas long as short
Aster TAOUSDT−0.066%+0.0100%4h$1.8M$4.7M50xas long as short
Hyperliquid TAO−0.049%+0.0250%1h$74.9M$47.2M5xas long as short
GMX TAO/USD [WBTC.b-USDC]−0.025%L +0.0470% / S −0.0186%1h$432K—100xas long as short
Lighter TAOshort−0.023%+0.0304%1h$1.3M$1.8M5x
gTrade (Gains Network) TAO/USD−0.016%L +0.0004% / S −0.0011%1h$17K—150xas long as short
Backpack TAO_USDC_PERP−0.014%+0.0100%1h$283K$274K10xas long as short
Phoenix TAO−0.011%+0.0363%1h$301K$148K5xas long as short
SunX TAO-USDTlong0.000%+0.0100%4h$2K$1.5M20x
Bullet TAO-USD+0.004%+0.0100%1h$10K$18K20xas long as short
Orderly PERP_TAO_USDC+0.025%+0.0100%4h$51K$146K10xas long as short
Kraken Futures PF_TAOUSD+0.033%+0.0450%1h$5.5M$13.1M50xas long as short
Deribit TAO_USDC-PERPETUAL+0.034%+0.0101%1h$25K$867K25xas long as short
Aevo TAO-PERP+0.037%+0.0104%1h$156K$9983xas long as short
Coinbase International TAO-PERP-INTX+0.155%+0.1000%1h$1.4M$4.1M50xas long as short
Injective TAO/USDC PERP+0.788%+0.1765%1h$21K$125K12xas long as short