TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against BingX−0.023%51s7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs+$6as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$300.303% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.367%+$37 on $10k

Price spread, last 3 days (all we have)+0.047%+$5 · spread now −0.023%, 7d avg +0.025%

Together, before fees+0.414%+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.048% cheaper against BingX than usual: you would sell low and buy high (spread −0.023% now, against its 7-day average of +0.025%). If the spread goes back, that is −$5 on $10k: about 16 hours of funding at the current rate (+$7 a day). The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	302.83	0.0100	pay 0.0050% / 4h	1h 34m	—	$30.4M	—
Short	BloFin TAO-USDT	302.76	0.0340	get 0.0170% / 4h	1h 34m	$4.2M	$9.3M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.023%Rate

Funding earned: $50.4
Price spread: −0.023% → +0.025%: −$4.76
Slippage, 4 orders: −$8.3
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $15.33
Costs to cover: 0.303%
Break-even: 4.9 days

Slippage from BingX: live order book, 4 min ago; BloFin: live order book, 4 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, 4 min ago	0.66 bp	5.7 bp −$6	11.4 bp −$114	24.0 bp −$2,399	55.9 bp −$27.9K
Sell BloFin live order book, 4 min ago	0.17 bp	8.6 bp −$9	18.5 bp −$185	40.0 bp −$4,001	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	−0.0186%	1h	303.81	+0.324%	$162K	$54K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	302.48	−0.114%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	302.59	−0.080%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	302.53	−0.099%	$44K	$536K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	302.67	−0.054%	$1.1M	$7.7M	50x	as long as short
Binance TAOUSDT	+0.0100%	4h	302.71	−0.040%	$84.6M	$412.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	302.86	+0.010%	$58.6M	$121.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	302.80	−0.010%	$24.3M	$94.9M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	302.98	+0.050%	$79K	$642K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	302.50	−0.109%	$12.1M	$48.7M	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	302.50	−0.109%	$109.9M	$124.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	302.44	−0.129%	$18.4M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	302.96	+0.043%	$33.8M	$46.0M	50x	as long as short
BingX TAO-USDTlong	+0.0100%	4h	302.83	long leg	—	$30.4M	—
Variational Omni TAO	+0.0100%	4h	303.56	+0.241%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.35	+0.172%	$39K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.49	+0.218%	$502K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.30	+0.155%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	302.73	−0.033%	$74K	$604K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	302.57	−0.086%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	302.88	+0.017%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	302.87	+0.013%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.16	+0.109%	$121K	$363K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.25	+0.139%	$3.2M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	302.97	+0.046%	$166K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	302.48	−0.116%	$619	$491K	5x	as long as short
Paradex TAO-USD-PERP	+0.0154%	8h	302.96	+0.042%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	302.95	+0.041%	$358K	$371K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	302.52	−0.103%	$432K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0251%	1h	302.98	+0.049%	$21K	$1.4M	25x	as long as short
BloFin TAO-USDTshort	+0.0340%	4h	302.76	−0.023%	$4.2M	$9.3M	100x
Lighter TAO	+0.0352%	1h	303.43	+0.198%	$1.6M	$5.3M	5x	as long as short
Nado TAO-PERP	+0.0360%	1h	302.54	−0.097%	$816K	$1.9M	10x	as long as short
01 Exchange TAOUSD	+0.0400%	1h	302.57	−0.086%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0424%	1h	302.95	+0.040%	$377K	$757K	10x	as long as short
Phoenix TAO	+0.0521%	1h	302.70	−0.043%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	302.50	−0.110%	$348	—	20x	as long as short
Extended TAO-USD	+0.0840%	1h	303.08	+0.082%	$825K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	303.64	+0.267%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1041%	1h	303.33	+0.165%	$5.7M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1065%	1h	302.84	+0.003%	$91.9M	$80.4M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	302.81	−0.008%	$410K	$545K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.948%	$22K	$264	12x	as long as short