Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0086%/8h= +9.4% APRpaid last 24h 0.000%

Price spread now: Arcus against BingX+0.138%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on BingX Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.073%−$7 · spread now +0.138%, 7d avg +0.076%

Together, before fees−0.063%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Arcus is 0.062% dearer against BingX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.076%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	312.08	0.0100	pay 0.0050% / 4h	5m 24s	—	$30.5M	—
Short	Arcus TAO-USD	312.51	0.0186	get 0.0023% / 1h	5m 24s	$83K	$545K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.138%Rate

Funding earned: $18.08
Price spread: +0.138% → +0.076%: $6.19
Slippage, 4 orders: −$25.83
Fee BingX: 5 bp × 2 orders: −$10
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$16.05
Costs to cover: 0.403%
Break-even: 13.2 days

Slippage from BingX: live order book, 8 min ago; Arcus: live order book, 8 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, 8 min ago	1.45 bp	7.2 bp −$7	13.0 bp −$130	27.1 bp −$2,715	66.3 bp −$33.2K
Sell Arcus live order book, 8 min ago	8.66 bp	13.7 bp −$14	28.4 bp −$284	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
Bulk TAO-USD	−0.2086%	1h	311.96	−0.038%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	311.75	−0.106%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	312.36	+0.090%	$27K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	312.08	0.000%	$23K	$362	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.36	+0.090%	$37K	$566K	20x	as long as short
Pacifica TAO	+0.0100%	1h	312.16	+0.027%	$369K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.30	+0.069%	$88.6M	$429.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.65	+0.183%	$61.5M	$125.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.60	+0.167%	$25.1M	$101.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.90	−0.058%	$12.5M	$50.5M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	312.55	+0.151%	$110.8M	$131.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.56	+0.154%	$18.8M	$27.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.33	+0.080%	$34.9M	$47.1M	50x	as long as short
BingX TAO-USDTlong	+0.0100%	4h	312.08	long leg	—	$30.5M	—
edgeX TAOUSDC	+0.0100%	4h	313.07	+0.317%	$41K	$281K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.31	+0.395%	$524K	$952K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.86	+0.250%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.64	+0.179%	$76K	$450K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.62	+0.174%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	312.05	−0.010%	$60K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.94	−0.045%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.52	+0.141%	$127K	$417K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.31	+0.074%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.45	+0.119%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	312.24	+0.051%	$1K	$566K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0156%	1h	312.12	+0.011%	$20K	$1.5M	25x	as long as short
Aster TAOUSDT	+0.0161%	4h	312.02	−0.020%	$1.1M	$7.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	311.88	−0.064%	$445K	—	100x	as long as short
Arcus TAO-USDshort	+0.0186%	1h	312.51	+0.138%	$83K	$545K	5x
Paradex TAO-USD-PERP	+0.0192%	8h	311.99	−0.030%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0220%	4h	312.31	+0.075%	$3.9M	$7.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.62	+0.493%	$4.4M	$10.5M	100x	as long as short
Nado TAO-PERP	+0.0442%	1h	312.44	+0.116%	$821K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0450%	1h	312.38	+0.096%	$5.7M	$19.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0526%	1h	312.66	+0.186%	$292K	$803K	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.50	+0.135%	$327K	$521K	5x	as long as short
01 Exchange TAOUSD	+0.0592%	1h	312.63	+0.176%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	312.46	+0.121%	$359	—	20x	as long as short
Extended TAO-USD	+0.0848%	1h	312.20	+0.039%	$859K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	313.96	+0.602%	$1.5M	$5.8M	50x	as long as short
Lighter TAO	+0.1192%	1h	312.43	+0.112%	$1.6M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	312.40	+0.104%	$413K	$585K	5x	as long as short
Hyperliquid TAO	+0.1586%	1h	313.03	+0.304%	$98.2M	$84.6M	5x	as long as short