TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0542%/8h= −59.3% APRnext payment −$2.71 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX−0.050%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$320.324% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 7 days+0.067%+$7 · spread now −0.050%, 7d avg +0.006%

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

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Binance is 0.056% cheaper against BingX than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.083% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.71 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	319.14	0.0642	pay 0.0321% / 4h	1h 41m	—	$30.3M	—
Short	Binance TAOUSDT	318.98	0.0100	get 0.0050% / 4h	1h 41m	$92.4M	$470.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.050%Rate

Funding earned: −$113.82
Price spread: −0.050% → +0.006%: −$5.59
Slippage, 4 orders: −$12.43
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$151.83
Costs to cover: 0.324%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Binance: 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, 12 min ago	1.41 bp	7.4 bp −$7	14.3 bp −$143	22.6 bp −$2,262	58.7 bp −$29.4K
Sell Binance live order book, 2 min ago	0.16 bp	8.1 bp −$8	15.8 bp −$158	34.2 bp −$3,419	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	−0.3652%	1h	316.49	−0.830%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	318.47	−0.210%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.02	−0.038%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.69	+0.172%	$45K	$653K	20x	as long as short
Binance TAOUSDTshort	+0.0100%	4h	318.98	−0.050%	$92.4M	$470.9M	75x
OKX TAO-USDT-SWAP	+0.0100%	8h	319.10	−0.013%	$26.3M	$116.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.90	−0.075%	$13.0M	$49.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	319.12	−0.006%	$106.2M	$139.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.00	−0.044%	$18.0M	$30.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.42	−0.226%	$35.5M	$53.8M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.72	−0.443%	$36K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.23	+0.028%	$76K	$759K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	319.35	+0.066%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.07	−0.022%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.59	+0.141%	$130K	$478K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	318.97	−0.053%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	319.47	+0.103%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	319.55	+0.128%	$1K	$752K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0163% / S +0.0106%	1h	318.95	−0.060%	$434K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0206%	4h	316.82	−0.726%	$523K	$955K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0246%	1h	319.37	+0.071%	$5.6M	$20.5M	50x	as long as short
Bullet TAO-USD	+0.0286%	1h	319.37	+0.072%	$12K	$18K	20x	as long as short
Aster TAOUSDT	+0.0322%	4h	318.90	−0.075%	$1.2M	$9.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0331%	8h	318.95	−0.061%	$14K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	318.53	−0.191%	$4.5M	$10.4M	100x	as long as short
Pacifica TAO	+0.0448%	1h	318.99	−0.048%	$376K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	318.30	−0.263%	$333K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	319.41	+0.085%	$101K	$489K	5x	as long as short
Nado TAO-PERP	+0.0525%	1h	319.58	+0.139%	$770K	$2.1M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0535%	1h	319.27	+0.041%	$18K	$1.6M	25x	as long as short
BingX TAO-USDTlong	+0.0642%	4h	319.14	long leg	—	$30.3M	—
Bybit TAOUSDT	+0.0658%	4h	319.31	+0.053%	$68.1M	$139.8M	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	319.26	+0.037%	$367	—	20x	as long as short
01 Exchange TAOUSD	+0.0752%	1h	320.00	+0.269%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0885%	4h	316.62	−0.790%	$5.9M	$9.7M	—	as long as short
Extended TAO-USD	+0.0920%	1h	318.97	−0.053%	$921K	$2.3M	25x	as long as short
Lighter TAO	+0.0960%	1h	319.19	+0.015%	$1.6M	$6.3M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0960%	1h	319.59	+0.141%	$439K	$860K	10x	as long as short
ApeX Omni TAOUSDT	+0.0992%	1h	317.14	−0.627%	$47K	$254K	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	320.00	+0.269%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	319.34	+0.062%	$453K	$627K	5x	as long as short
Hyperliquid TAO	+0.1386%	1h	319.19	+0.016%	$100.2M	$98.8M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	319.69	+0.172%	$23K	$2K	12x	as long as short