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% APRpaid last 24h 0.000%

Price spread now: OKX against SunX+0.020%7-day average −0.021% · you sell dearer than you buy

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

Long on SunX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 3 days (all we have)−0.038%−$4 · spread now +0.020%, 7d avg −0.021%

Together, before fees−0.107%−$11 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: OKX is 0.041% dearer against SunX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	303.94	0.0100	pay 0.0050% / 4h	1h 45m	$1K	$1.8M	20x
Short	OKX TAO-USDT-SWAP	304.00	0.0100	get 0.0100% / 8h	1h 45m	$24.4M	$94.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → −0.021%: $4.09
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$13.91
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 10 min ago; OKX: live order book, 3 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, 10 min ago	500.12 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.64 bp	8.4 bp −$8	18.4 bp −$184	57.3 bp −$5,726	doesn't fit

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	−0.0466%	1h	307.38	+1.132%	$202K	$17K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	303.37	−0.188%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	303.52	−0.138%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.94	0.000%	$43K	$534K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	303.92	−0.007%	$85.1M	$410.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	303.96	+0.007%	$58.9M	$120.6M	50x	as long as short
OKX TAO-USDT-SWAPshort	+0.0100%	8h	304.00	+0.020%	$24.4M	$94.6M	50x
Arcus TAO-USD	+0.0100%	1h	303.87	−0.023%	$79K	$642K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	303.70	−0.079%	$12.1M	$48.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	303.73	−0.069%	$120.7M	$124.1M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	303.52	−0.138%	$18.2M	$26.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	303.60	−0.112%	$34.0M	$45.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	303.86	−0.026%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.07	+0.371%	$3.6M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	304.88	+0.310%	$39K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	304.81	+0.286%	$504K	$977K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	304.02	+0.026%	$77K	$607K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	304.05	+0.037%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.80	−0.046%	$58K	$276K	10x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	303.94	long leg	$1K	$1.8M	20x
HTX TAO-USDT	+0.0100%	4h	303.83	−0.036%	$120K	$356K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.84	−0.033%	$3.2M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.63	−0.103%	$167K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0106%	1h	303.70	−0.079%	$46K	$269K	50x	as long as short
Aster TAOUSDT	+0.0108%	4h	303.63	−0.101%	$1.1M	$7.7M	50x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	304.03	+0.030%	$2K	$486K	5x	as long as short
Paradex TAO-USD-PERP	+0.0154%	8h	303.62	−0.105%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	303.43	−0.169%	$358K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	303.71	−0.077%	$434K	—	100x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.45	−0.161%	$4.3M	$9.3M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0346%	1h	303.74	−0.065%	$20K	$1.4M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0381%	1h	303.78	−0.053%	$376K	$756K	10x	as long as short
01 Exchange TAOUSD	+0.0392%	1h	304.21	+0.089%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0408%	1h	304.01	+0.025%	$1.6M	$5.2M	5x	as long as short
Nado TAO-PERP	+0.0458%	1h	303.70	−0.078%	$827K	$1.9M	10x	as long as short
Phoenix TAO	+0.0521%	1h	303.90	−0.013%	$322K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	303.96	+0.006%	$350	—	20x	as long as short
Extended TAO-USD	+0.0832%	1h	303.81	−0.042%	$835K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	305.27	+0.438%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1040%	1h	303.74	−0.065%	$5.8M	$19.7M	50x	as long as short
RISEx TAO/USDC	+0.1155%	1h	304.30	+0.119%	$410K	$545K	5x	as long as short
Hyperliquid TAO	+0.1289%	1h	303.95	+0.003%	$92.7M	$79.8M	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.576%	$22K	$264	12x	as long as short