TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0604%/8h= −66.1% APRnext payment −$3.02 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against BingX+0.013%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$430.426% of the position

Long on BingX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 7 days+0.044%+$4 · spread now +0.013%, 7d avg −0.002%

Together, before fees+0.031%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$18 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.013% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.02 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	310.44	0.0704	pay 0.0352% / 4h	2h 54m	—	$30.8M	—
Short	Bitget TAOUSDT	310.48	0.0100	get 0.0050% / 4h	2h 54m	$34.5M	$52.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$126.84
Price spread: +0.013% → −0.002%: $1.53
Slippage, 4 orders: −$20.64
Fee BingX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$167.96
Costs to cover: 0.426%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; Bitget: live order book, 5 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, 15 min ago	1.58 bp	7.8 bp −$8	14.8 bp −$148	30.6 bp −$3,058	75.1 bp −$37.6K
Sell Bitget live order book, 5 min ago	1.28 bp	12.6 bp −$13	19.3 bp −$193	26.9 bp −$2,693	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	309.38	−0.341%	$124K	$89K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	309.33	−0.356%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	309.07	−0.441%	$44K	$612K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	310.39	−0.015%	$89.0M	$458.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	310.40	−0.013%	$25.3M	$108.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.00	−0.142%	$12.6M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	310.69	+0.081%	$99.2M	$135.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	310.69	+0.081%	$18.1M	$30.0M	75x	as long as short
Bitget TAOUSDTshort	+0.0100%	4h	310.48	+0.013%	$34.5M	$52.4M	50x
edgeX TAOUSDC	+0.0100%	4h	310.77	+0.105%	$34K	$298K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	309.38	−0.341%	$515K	$962K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.07	+0.203%	$48K	$267K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	309.78	−0.213%	$56K	$325K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	309.78	−0.213%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.19	−0.081%	$118K	$448K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	309.42	−0.328%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	309.03	−0.454%	$1K	$666K	5x	as long as short
Aster TAOUSDT	+0.0149%	4h	309.69	−0.240%	$1.2M	$9.1M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0170%	1h	309.99	−0.144%	$5.6M	$20.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0171% / S +0.0096%	1h	309.26	−0.379%	$420K	—	100x	as long as short
Bullet TAO-USD	+0.0187%	1h	309.64	−0.258%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERP	+0.0233%	8h	309.10	−0.433%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0245%	1h	309.48	−0.309%	$91K	$670K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0285%	1h	309.89	−0.178%	$15K	$1.5M	25x	as long as short
Pacifica TAO	+0.0285%	1h	309.36	−0.348%	$366K	$373K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	309.33	−0.358%	$82K	$551K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.63	−0.583%	$4.5M	$10.6M	100x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	312.79	+0.757%	$23K	$2K	12x	as long as short
Phoenix TAO	+0.0525%	1h	309.30	−0.367%	$323K	$681K	5x	as long as short
Bulk TAO-USD	+0.0529%	1h	316.43	+1.930%	$168K	$40K	10x	as long as short
01 Exchange TAOUSD	+0.0560%	1h	309.45	−0.319%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0654%	4h	308.57	−0.603%	$5.3M	$8.8M	—	as long as short
Nado TAO-PERP	+0.0664%	1h	309.41	−0.331%	$760K	$2.1M	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	309.52	−0.297%	$356	—	20x	as long as short
BingX TAO-USDTlong	+0.0704%	4h	310.44	long leg	—	$30.8M	—
Backpack TAO_USDC_PERP	+0.0738%	1h	310.54	+0.032%	$314K	$815K	10x	as long as short
Bybit TAOUSDT	+0.0760%	4h	310.64	+0.064%	$63.3M	$135.4M	50x	as long as short
Extended TAO-USD	+0.1016%	1h	310.60	+0.051%	$892K	$2.4M	25x	as long as short
Phemex TAOUSDT	+0.1021%	4h	310.07	−0.119%	$3.3M	$7.9M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	310.20	−0.077%	$1.5M	$6.4M	50x	as long as short
Hyperliquid TAO	+0.1130%	1h	310.69	+0.079%	$98.6M	$92.2M	5x	as long as short
RISEx TAO/USDC	+0.1132%	1h	309.27	−0.375%	$410K	$603K	5x	as long as short
Lighter TAO	+0.1504%	1h	310.27	−0.053%	$1.6M	$6.0M	5x	as long as short