Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0540%/8h= +59.1% APRpaid last 24h +0.098%

Price spread now: 01 Exchange against SunX−0.134%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. 01 Exchange is 0.134% cheaper against SunX than usual: you would sell low and buy high (spread −0.134% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 20 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	321.03	0.0100	pay 0.0050% / 4h	1h 26m	$2K	$2.0M	20x
Short	01 Exchange TAOUSD	320.60	0.0640	get 0.0080% / 1h	26m 46s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.134%Rate

Funding earned: $113.4
Price spread: −0.134% → 0.000%: −$13.39
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $85.01
Costs to cover: 0.150%
Break-even: 1.8 days

Slippage unknown: SunX: live order book, 9 min ago; 01 Exchange: 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, 9 min ago	500.17 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.1995%	1h	319.47	−0.486%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.13	−0.591%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.02	−0.626%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.62	−0.128%	$43K	$705K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	321.10	+0.022%	$26.8M	$130.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.90	−0.040%	$14.3M	$52.0M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	321.05	+0.006%	$18.0M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	321.06	+0.009%	$36.1M	$58.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.84	−0.371%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.89	−0.044%	$89K	$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	321.03	long leg	$2K	$2.0M	20x
HTX TAO-USDT	+0.0100%	4h	320.00	−0.321%	$119K	$597K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	320.26	−0.240%	$1K	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0118% / S +0.0150%	1h	320.83	−0.061%	$429K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	321.15	+0.036%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0125%	4h	321.22	+0.059%	$53K	$292K	10x	as long as short
MEXC TAO_USDT	+0.0170%	4h	321.33	+0.093%	$106.4M	$150.2M	300x	as long as short
edgeX TAOUSDC	+0.0170%	4h	319.71	−0.412%	$42K	$316K	10x	as long as short
Binance TAOUSDT	+0.0171%	4h	321.25	+0.069%	$93.0M	$529.3M	75x	as long as short
Paradex TAO-USD-PERP	+0.0270%	8h	319.64	−0.432%	$15K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0278%	4h	320.92	−0.034%	$3.3M	$8.1M	50x	as long as short
BingX TAO-USDT	+0.0324%	4h	321.13	+0.031%	—	$34.5M	—	as long as short
Aster TAOUSDT	+0.0335%	4h	321.12	+0.029%	$1.3M	$10.9M	50x	as long as short
Bybit TAOUSDT	+0.0342%	4h	321.26	+0.072%	$70.4M	$156.2M	50x	as long as short
Bullet TAO-USD	+0.0395%	1h	321.24	+0.066%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0396%	4h	319.57	−0.454%	$544K	$940K	10x	as long as short
BloFin TAO-USDT	+0.0411%	4h	321.16	+0.040%	$4.7M	$11.1M	100x	as long as short
Extended TAO-USD	+0.0464%	1h	321.13	+0.031%	$913K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	319.78	−0.390%	$364K	$423K	10x	as long as short
Variational Omni TAO	+0.0541%	4h	320.05	−0.306%	$5.7M	$10.2M	—	as long as short
Nado TAO-PERP	+0.0548%	1h	320.88	−0.046%	$801K	$2.0M	10x	as long as short
Phoenix TAO	+0.0567%	1h	319.40	−0.508%	$318K	$709K	5x	as long as short
01 Exchange TAOUSDshort	+0.0640%	1h	320.60	−0.134%	$3K	$4K	5x
Arcus TAO-USD	+0.0641%	1h	320.14	−0.277%	$103K	$389K	5x	as long as short
Hyperliquid TAO	+0.0651%	1h	321.40	+0.115%	$94.9M	$110.4M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.25	−0.556%	$367	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0718%	1h	321.37	+0.106%	$299K	$905K	10x	as long as short
Lighter TAO	+0.0760%	1h	321.51	+0.150%	$1.5M	$6.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.15	+0.037%	$1.5M	$6.9M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0952%	1h	321.24	+0.066%	$15K	$1.9M	25x	as long as short
RISEx TAO/USDC	+0.1077%	1h	321.14	+0.036%	$460K	$666K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1149%	1h	321.36	+0.102%	$6.0M	$21.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.44	+0.751%	$24K	$2K	12x	as long as short