Funding arb · Price arb /

TAIKO

all TAIKO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.005%

Price spread now: BingX against Binance−0.086%7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$140as in the Funding arb table

Net, price: spread back to 7d avg − costs−$151as in the Price arb table

costs, in and out, $10k−$1451.454% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 7 days+0.047%+$5 · spread now −0.086%, 7d avg −0.030%

Together, before fees+0.097%+$10 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: BingX is 0.056% cheaper against Binance than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAIKOUSDT	0.09254	0.0100	pay 0.0050% / 4h	1h 42m	$1.4M	$2.0M	20x
Short	BingX TAIKO-USDT	0.09246	0.0100	get 0.0050% / 4h	1h 42m	—	$2.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Binance. 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 BinancebpFee BingXbpOrdersPrice spread, now −0.086%Rate

Funding earned: $0
Price spread: −0.086% → −0.030%: −$5.64
Slippage, 4 orders: −$125.43
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$151.07
Costs to cover: 1.454%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; BingX: live order book, 6 min ago.

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 Binance live order book, 7 min ago	1.63 bp	50.5 bp −$50	478.5 bp −$4,785	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	5.45 bp	26.7 bp −$27	133.7 bp −$1,337	1041.3 bp −$104.1K	1419.6 bp −$709.8K

TAIKO on 10 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
Injective TAIKO/USDC PERP	+0.0033%	1h	0.09080	−1.880%	$82	$44K	5.5x	as long as short
Aster TAIKOUSDT	+0.0100%	4h	0.09242	−0.134%	$2K	$1K	5x	as long as short
Binance TAIKOUSDTlong	+0.0100%	4h	0.09254	long leg	$1.4M	$2.0M	20x
Bybit TAIKOUSDT	+0.0100%	8h	0.09253	−0.011%	$1.0M	$861K	20x	as long as short
Gate TAIKO_USDT	+0.0100%	4h	0.09250	−0.043%	$142K	$285K	50x	as long as short
MEXC TAIKO_USDT	+0.0100%	4h	0.09252	−0.021%	$440K	$97K	20x	as long as short
KuCoin TAIKOUSDTM	+0.0100%	4h	0.09240	−0.151%	$379K	$51K	20x	as long as short
Bitget TAIKOUSDT	+0.0100%	4h	0.09221	−0.356%	$926K	$110K	20x	as long as short
BingX TAIKO-USDTshort	+0.0100%	4h	0.09246	−0.086%	—	$2.3M	—
Variational Omni TAIKO	+0.0100%	8h	0.09183	−0.763%	$2K	$2K	—	as long as short