Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against BingX+0.013%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$122as in the Funding arb table

Net, price: spread back to 7d avg − costs−$122as in the Price arb table

costs, in and out, $10k−$1211.206% of the position

Long on BingX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 3 days (all we have)−0.001%$0 · spread now +0.013%, 7d avg +0.030%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	307.40	0.0100	pay 0.0050% / 4h	2h 33m	—	$30.4M	—
Short	Aevo TAO-PERP	307.44	0.0104	get 0.0013% / 1h	33m 29s	$169K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo 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 AevobpOrdersPrice spread, now +0.013%Rate

Funding earned: $0.84
Price spread: +0.013% → +0.030%: −$1.7
Slippage, 4 orders: −$94.65
Fee BingX: 5 bp × 2 orders: −$10
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$121.51
Costs to cover: 1.206%
Break-even: 1019.6 days

Slippage from BingX: live order book, 10 min ago; Aevo: live order book, 55 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, 10 min ago	0.82 bp	6.6 bp −$7	12.4 bp −$124	30.0 bp −$2,999	81.3 bp −$40.6K
Sell Aevo live order book, 55 min ago	38.01 bp	53.0 bp −$53	289.2 bp −$2,892	doesn't fit	doesn't fit

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
dYdX TAO-USD	0.0000%	1h	307.17	−0.076%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	307.46	+0.018%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.12	−0.091%	$41K	$523K	20x	as long as short
Pacifica TAO	+0.0100%	1h	307.47	+0.022%	$363K	$400K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.13	−0.088%	$86.1M	$401.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.16	−0.078%	$59.1M	$117.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.10	−0.098%	$25.0M	$92.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.42	+0.007%	$136K	$594K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.10	−0.098%	$12.1M	$47.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.28	−0.039%	$113.1M	$122.7M	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	307.28	−0.039%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.16	−0.078%	$34.5M	$44.4M	50x	as long as short
BingX TAO-USDTlong	+0.0100%	4h	307.40	long leg	—	$30.4M	—
Variational Omni TAO	+0.0100%	4h	305.77	−0.530%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.39	−0.329%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.30	−0.032%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.64	−0.573%	$46K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.61	+0.069%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.46	+0.020%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.15	−0.081%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.36	−0.013%	$121K	$351K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.16	−0.078%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	307.44	+0.013%	$169K	$998	3x
Katana Perps TAO-USD	+0.0113%	8h	307.32	−0.026%	$2K	$429K	5x	as long as short
Polymarket Perps TAO-USD	+0.0127%	1h	307.61	+0.068%	$86K	$669K	5x	as long as short
Aster TAOUSDT	+0.0155%	4h	307.18	−0.070%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0167%	8h	307.41	+0.003%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.46	+0.019%	$439K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0189%	1h	307.41	+0.004%	$14K	$1.3M	25x	as long as short
Phoenix TAO	+0.0234%	1h	306.20	−0.390%	$324K	$462K	5x	as long as short
Nado TAO-PERP	+0.0262%	1h	307.35	−0.017%	$854K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	306.55	−0.277%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0528%	1h	307.49	+0.029%	$3K	$4K	5x	as long as short
Bulk TAO-USD	+0.0668%	1h	304.81	−0.843%	$200K	$57K	10x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.52	+0.040%	$354	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	307.31	−0.029%	$877K	$1.9M	25x	as long as short
Lighter TAO	+0.0888%	1h	307.72	+0.104%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	307.40	0.000%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1025%	1h	307.54	+0.046%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.43	+0.010%	$411K	$536K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1295%	1h	307.71	+0.101%	$471K	$683K	10x	as long as short
Hyperliquid TAO	+0.1680%	1h	307.96	+0.182%	$93.8M	$75.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.62	+0.397%	$22K	$138	12x	as long as short