Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Binance+0.026%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$16as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$250.250% of the position

Long on Binance Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 7 days−0.026%−$3 · spread now +0.026%, 7d avg −0.008%

Together, before fees+0.064%+$6 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 0.034% dearer against Binance than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	303.31	0.0100	pay 0.0050% / 4h	1h 37m	$85.0M	$411.6M	75x
Short	BingX TAO-USDT	303.39	0.0100	get 0.0050% / 4h	1h 37m	—	$30.3M	—

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 +0.026%Rate

Funding earned: $0
Price spread: +0.026% → −0.008%: $3.39
Slippage, 4 orders: −$5
Fee Binance: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$21.61
Costs to cover: 0.250%
Break-even: never at this rate

Slippage from Binance: live order book, 6 min ago; BingX: live order book, 16 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, 6 min ago	0.17 bp	6.4 bp −$6	14.3 bp −$143	38.1 bp −$3,814	doesn't fit
Sell BingX live order book, 16 min ago	0.49 bp	6.6 bp −$7	13.6 bp −$136	21.7 bp −$2,171	47.1 bp −$23.5K

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	−0.0186%	1h	303.81	+0.165%	$162K	$54K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	303.06	−0.082%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	303.55	+0.077%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.73	+0.138%	$43K	$534K	20x	as long as short
Binance TAOUSDTlong	+0.0100%	4h	303.31	long leg	$85.0M	$411.6M	75x
Bybit TAOUSDT	+0.0100%	4h	303.39	+0.026%	$58.7M	$120.8M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	303.20	−0.036%	$24.4M	$94.8M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	303.81	+0.165%	$79K	$642K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	303.20	−0.036%	$12.1M	$48.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	303.42	+0.036%	$110.4M	$124.7M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	303.39	+0.026%	$18.3M	$27.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	303.04	−0.089%	$33.9M	$45.9M	50x	as long as short
BingX TAO-USDTshort	+0.0100%	4h	303.39	+0.026%	—	$30.3M	—
Variational Omni TAO	+0.0100%	4h	303.66	+0.115%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.58	+0.089%	$39K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.93	+0.205%	$503K	$967K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	303.80	+0.162%	$77K	$600K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.82	+0.168%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.74	+0.142%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.41	+0.033%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.89	+0.191%	$122K	$363K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.43	+0.040%	$3.2M	$7.8M	50x	as long as short
Aster TAOUSDT	+0.0103%	4h	303.42	+0.035%	$1.1M	$7.7M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.85	+0.177%	$167K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	303.49	+0.059%	$2K	$490K	5x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	303.59	+0.092%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	303.50	+0.064%	$358K	$371K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	303.54	+0.076%	$433K	—	100x	as long as short
ApeX Omni TAOUSDT	+0.0200%	1h	303.60	+0.096%	$46K	$269K	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0237%	1h	303.67	+0.119%	$22K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.16	−0.049%	$4.2M	$9.3M	100x	as long as short
Nado TAO-PERP	+0.0379%	1h	303.71	+0.133%	$820K	$1.9M	10x	as long as short
01 Exchange TAOUSD	+0.0392%	1h	303.88	+0.188%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0416%	1h	303.77	+0.151%	$1.6M	$5.3M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0419%	1h	303.76	+0.148%	$378K	$757K	10x	as long as short
Phoenix TAO	+0.0521%	1h	304.10	+0.260%	$322K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	303.71	+0.132%	$349	—	20x	as long as short
Extended TAO-USD	+0.0840%	1h	303.32	+0.002%	$835K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	304.24	+0.307%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1041%	1h	303.49	+0.061%	$5.7M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1113%	1h	303.57	+0.086%	$92.1M	$80.3M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	303.83	+0.170%	$409K	$544K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.787%	$22K	$264	12x	as long as short