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% APRpaid last 24h −0.005%

Price spread now: Bybit against BingX+0.065%7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$194as in the Funding arb table

Net, price: spread back to 7d avg − costs−$182as in the Price arb table

costs, in and out, $10k−$1891.885% of the position

Long on BingX Short on Bybit

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−0.033%−$3 · spread now +0.065%, 7d avg −0.005%

Together, before fees−0.083%−$8 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: Bybit is 0.070% dearer against BingX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.005%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAIKO-USDT	0.09235	0.0100	pay 0.0050% / 4h	1h 43m	—	$2.3M	—
Short	Bybit TAIKOUSDT	0.09241	0.0100	get 0.0100% / 8h	5h 43m	$1.0M	$861K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against BingX. 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 BingXbpFee BybitbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → −0.005%: $6.96
Slippage, 4 orders: −$167.52
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$181.56
Costs to cover: 1.885%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Bybit: live order book, 2 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 BingX live order book, 5 min ago	5.45 bp	29.1 bp −$29	268.5 bp −$2,685	1397.4 bp −$139.7K	doesn't fit
Sell Bybit live order book, 2 min ago	5.98 bp	66.2 bp −$66	doesn't fit	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	−1.678%	$82	$44K	5.5x	as long as short
Aster TAIKOUSDT	+0.0100%	4h	0.09202	−0.358%	$2K	$1K	5x	as long as short
Binance TAIKOUSDT	+0.0100%	4h	0.09248	+0.141%	$1.4M	$2.0M	20x	as long as short
Bybit TAIKOUSDTshort	+0.0100%	8h	0.09241	+0.065%	$1.0M	$861K	20x
Gate TAIKO_USDT	+0.0100%	4h	0.09240	+0.054%	$142K	$285K	50x	as long as short
MEXC TAIKO_USDT	+0.0100%	4h	0.09247	+0.130%	$440K	$97K	20x	as long as short
KuCoin TAIKOUSDTM	+0.0100%	4h	0.09230	−0.054%	$379K	$51K	20x	as long as short
Bitget TAIKOUSDT	+0.0100%	4h	0.09214	−0.227%	$925K	$110K	20x	as long as short
BingX TAIKO-USDTlong	+0.0100%	4h	0.09235	long leg	—	$2.3M	—
Variational Omni TAIKO	+0.0100%	8h	0.09183	−0.559%	$2K	$2K	—	as long as short