TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0346%/8h= +37.9% APRnext payment +$1.73 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against SunX+0.307%7-day average +0.012% · you sell dearer than you buy

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

Long on SunX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.487%−$49 on $10k

Price spread, last 4 days (all we have)−0.307%−$31 · spread now +0.307%, 7d avg +0.012%

Together, before fees−0.794%−$79 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Phemex is 0.296% dearer against SunX than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of +0.012%. Mind the row above: over the last 7 days funding on this pair cost −0.487%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	318.98	0.0100	pay 0.0050% / 4h	1h 10m	$1K	$2.0M	20x
Short	Phemex TAOUSDT	319.96	0.0446	get 0.0223% / 4h	1h 10m	$3.3M	$8.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.307%Rate

Funding earned: $72.72
Price spread: +0.307% → +0.012%: $29.56
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: $82.28
Costs to cover: 0.200%
Break-even: from the start

Slippage unknown: SunX: live order book, 6 min ago; Phemex: 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, 6 min ago	500.21 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 3 min ago	5.93 bp	19.9 bp −$20	40.6 bp −$406	doesn't fit	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	−0.0237%	1h	320.94	+0.614%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.98	+0.313%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	320.10	+0.350%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.03	+0.329%	$44K	$705K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.70	+0.226%	$26.9M	$129.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.00	+0.320%	$14.4M	$52.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.00	+0.320%	$18.0M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.59	+0.191%	$35.9M	$58.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.33	+0.423%	$45K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.72	+0.232%	$85K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDTlong	+0.0100%	4h	318.98	long leg	$1K	$2.0M	20x
HTX TAO-USDT	+0.0100%	4h	319.20	+0.069%	$116K	$598K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	320.12	+0.357%	$2K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0114% / S +0.0155%	1h	319.73	+0.234%	$421K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.78	+0.251%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0129%	4h	319.64	+0.207%	$53K	$293K	10x	as long as short
Binance TAOUSDT	+0.0188%	4h	320.03	+0.329%	$93.0M	$528.0M	75x	as long as short
MEXC TAO_USDT	+0.0190%	4h	319.95	+0.304%	$107.2M	$151.3M	300x	as long as short
edgeX TAOUSDC	+0.0196%	4h	320.39	+0.443%	$42K	$317K	10x	as long as short
Paradex TAO-USD-PERP	+0.0254%	8h	320.33	+0.423%	$15K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0286%	4h	320.00	+0.320%	$70.3M	$155.9M	50x	as long as short
BingX TAO-USDT	+0.0294%	4h	320.11	+0.354%	—	$35.1M	—	as long as short
Bullet TAO-USD	+0.0318%	1h	319.87	+0.279%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0355%	4h	319.96	+0.307%	$1.3M	$10.9M	50x	as long as short
Extended TAO-USD	+0.0376%	1h	319.99	+0.317%	$913K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0386%	4h	320.29	+0.409%	$543K	$929K	10x	as long as short
BloFin TAO-USDT	+0.0431%	4h	319.50	+0.163%	$4.7M	$11.1M	100x	as long as short
Phemex TAOUSDTshort	+0.0446%	4h	319.96	+0.307%	$3.3M	$8.1M	50x
Deribit TAO_USDC-PERPETUAL	+0.0507%	1h	319.69	+0.221%	$15K	$2.0M	25x	as long as short
Nado TAO-PERP	+0.0512%	1h	319.99	+0.316%	$793K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0513%	4h	319.68	+0.218%	$5.7M	$10.2M	—	as long as short
Pacifica TAO	+0.0525%	1h	320.33	+0.423%	$365K	$428K	10x	as long as short
Phoenix TAO	+0.0567%	1h	320.70	+0.539%	$319K	$709K	5x	as long as short
Hyperliquid TAO	+0.0616%	1h	319.99	+0.317%	$94.7M	$110.1M	5x	as long as short
01 Exchange TAOUSD	+0.0632%	1h	320.26	+0.401%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.26	+0.401%	$103K	$389K	5x	as long as short
Lighter TAO	+0.0648%	1h	320.40	+0.444%	$1.6M	$6.8M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0690%	1h	320.03	+0.329%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.69	+0.222%	$368	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.77	+0.875%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	320.13	+0.362%	$441K	$675K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1154%	1h	319.73	+0.235%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	325.94	+2.182%	$24K	$2K	12x	as long as short