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 0.000%

Price spread now: Bitget against Binance−0.258%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$231as in the Price arb table

costs, in and out, $10k−$2122.124% of the position

Long on Binance Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.258%, 7d avg −0.071%

Together, before fees+0.154%+$15 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: Bitget is 0.187% cheaper against Binance than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAIKOUSDT	0.09288	0.0100	pay 0.0050% / 4h	30m 30s	$1.4M	$2.0M	20x
Short	Bitget TAIKOUSDT	0.09264	0.0100	get 0.0050% / 4h	30m 30s	$930K	$110K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.258%Rate

Funding earned: $0
Price spread: −0.258% → −0.071%: −$18.72
Slippage, 4 orders: −$190.42
Fee Binance: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$231.14
Costs to cover: 2.124%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Bitget: live order book, 25 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, 3 min ago	1.08 bp	44.6 bp −$45	434.6 bp −$4,346	doesn't fit	doesn't fit
Sell Bitget live order book, 25 min ago	7.55 bp	49.2 bp −$49	615.5 bp −$6,155	doesn't fit	doesn't fit

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	−2.239%	$82	$44K	5.5x	as long as short
Aster TAIKOUSDT	+0.0100%	4h	0.09270	−0.192%	$2K	$1K	5x	as long as short
Binance TAIKOUSDTlong	+0.0100%	4h	0.09288	long leg	$1.4M	$2.0M	20x
Bybit TAIKOUSDT	+0.0100%	8h	0.09279	−0.097%	$1.0M	$853K	20x	as long as short
Gate TAIKO_USDT	+0.0100%	4h	0.09280	−0.086%	$143K	$281K	50x	as long as short
MEXC TAIKO_USDT	+0.0100%	4h	0.09290	+0.022%	$442K	$96K	20x	as long as short
KuCoin TAIKOUSDTM	+0.0100%	4h	0.09270	−0.194%	$383K	$50K	20x	as long as short
Bitget TAIKOUSDTshort	+0.0100%	4h	0.09264	−0.258%	$930K	$110K	20x
BingX TAIKO-USDT	+0.0100%	4h	0.09289	+0.011%	—	$2.3M	—	as long as short
Variational Omni TAIKO	+0.0100%	8h	0.09278	−0.104%	$2K	$2K	—	as long as short