Funding you earn now, next payment 22:00 UTC−0.1073%/8h= −117.5% APRpaid last 24h −0.252%
Price spread now: Bulk against BingX−0.438%7-day average −0.059% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$280.282% of the position
Funding, last 3 days (all we have)−0.288%−$29 on $10k
+Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.438%, 7d avg −0.059%
=Both sides work against this trade now: funding costs −$32 a day on $10k at the current rate, and Bulk is 0.378% cheaper against BingX than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of −0.059%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.288% in total (about -31.8% a year). A funding rate is set anew for every payment. 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 | 306.21 | 0.0100 | pay 0.0050% / 4h | 2h 44m | — | $30.5M | — |
| Short | Bulk TAO-USD | 304.87 | −0.0973 | pay 0.0122% / 1h | 44m 12s | $200K | $57K | 10x |
BingX TAO-USDT
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$225.31
- Price spread: −0.438% → −0.059%
- −$37.83
- Slippage, 4 orders
- −$11.18
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$291.32
- Costs to cover
- 0.282%
- Break-even
- never at this rate
Slippage from BingX: live order book, 9 min ago; Bulk: live order book, 44 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, 9 min ago | 0.82 bp | 8.6 bp −$9 | 12.1 bp −$121 | 25.9 bp −$2,587 | 59.5 bp −$29.8K |
| Sell Bulk live order book, 44 min ago | 2.39 bp | 7.3 bp −$7 | 8.9 bp −$89 | 19.2 bp −$1,921 | 37.4 bp −$18.7K |
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-USDshort | −0.0973% | 1h | 304.87 | −0.438% | $200K | $57K | 10x | |
| dYdX TAO-USD | 0.0000% | 1h | 304.63 | −0.516% | $128K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 305.92 | −0.096% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 305.66 | −0.180% | $39K | $524K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 304.97 | −0.405% | $361K | $401K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 306.12 | −0.029% | $85.8M | $400.8M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 306.30 | +0.029% | $58.8M | $117.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 306.20 | −0.003% | $24.9M | $91.9M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 305.99 | −0.072% | $137K | $592K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 305.90 | −0.101% | $12.1M | $47.5M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 306.19 | −0.007% | $112.3M | $121.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 306.10 | −0.036% | $18.3M | $26.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 306.05 | −0.052% | $34.3M | $44.3M | 50x | as long as short |
| BingX TAO-USDTlong | +0.0100% | 4h | 306.21 | long leg | — | $30.5M | — | |
| Variational Omni TAO | +0.0100% | 4h | 304.69 | −0.498% | $3.6M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 304.70 | −0.494% | $39K | $277K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 304.56 | −0.538% | $544K | $977K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 305.15 | −0.346% | $46K | $267K | 50x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 306.20 | −0.003% | $12K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 306.42 | +0.069% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 306.19 | −0.007% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 306.14 | −0.023% | $121K | $352K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 305.96 | −0.082% | $3.2M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 306.07 | −0.046% | $168K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0113% | 8h | 305.63 | −0.189% | $873 | $416K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0114% | 1h | 306.18 | −0.010% | $84K | $668K | 5x | as long as short |
| Aster TAOUSDT | +0.0115% | 4h | 306.16 | −0.016% | $1.1M | $7.4M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0163% | 8h | 304.98 | −0.403% | $14K | $992 | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 305.97 | −0.080% | $436K | — | 100x | as long as short |
| Nado TAO-PERP | +0.0178% | 1h | 306.06 | −0.048% | $748K | $1.8M | 10x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 304.80 | −0.460% | $323K | $462K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0250% | 1h | 306.24 | +0.010% | $13K | $1.3M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 304.81 | −0.457% | $4.2M | $9.4M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0448% | 1h | 305.94 | −0.088% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0632% | 1h | 306.15 | −0.020% | $873K | $1.9M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 306.16 | −0.015% | $352 | — | 20x | as long as short |
| Lighter TAO | +0.0728% | 1h | 306.54 | +0.106% | $1.6M | $4.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 307.05 | +0.274% | $1.5M | $5.4M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1029% | 1h | 306.33 | +0.038% | $6.3M | $19.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 305.91 | −0.097% | $406K | $532K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.1130% | 1h | 305.19 | −0.333% | $467K | $683K | 10x | as long as short |
| Hyperliquid TAO | +0.1491% | 1h | 306.81 | +0.196% | $92.9M | $75.1M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 307.78 | +0.513% | $22K | $136 | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Polymarket Perps TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
GMX TAO/USD [WBTC.b-USDC]
Nado TAO-PERP
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
01 Exchange TAOUSD
Extended TAO-USD
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Backpack TAO_USDC_PERP
Hyperliquid TAO
Injective TAO/USDC PERP