Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against BingX−0.057%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on BingX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.057%, 7d avg −0.012%

Together, before fees+0.014%+$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.045% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	316.08	0.0100	pay 0.0050% / 4h	29m 48s	—	$30.1M	—
Short	Gate TAO_USDT	315.90	0.0100	get 0.0050% / 4h	29m 48s	$13.0M	$49.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → −0.012%: −$4.51
Slippage, 4 orders: −$24.77
Fee BingX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$54.28
Costs to cover: 0.498%
Break-even: never at this rate

Slippage from BingX: live order book, 9 min ago; Gate: 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, 9 min ago	0.63 bp	7.3 bp −$7	14.2 bp −$142	25.5 bp −$2,552	52.9 bp −$26.4K
Sell Gate live order book, 4 min ago	3.18 bp	16.8 bp −$17	45.5 bp −$455	72.5 bp −$7,254	118.5 bp −$59.2K

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	315.16	−0.290%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.59	−0.156%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.94	−0.045%	$5.5M	$20.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.15	−0.294%	$43K	$690K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.92	−0.367%	$998	$794K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.14	+0.019%	$91.2M	$493.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	316.20	+0.038%	$68.8M	$147.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.10	+0.006%	$26.0M	$120.5M	50x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	315.90	−0.057%	$13.0M	$49.9M	50x
MEXC TAO_USDT	+0.0100%	4h	316.19	+0.035%	$110.5M	$143.7M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	316.02	−0.019%	$17.6M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.72	−0.114%	$35.2M	$56.3M	50x	as long as short
BingX TAO-USDTlong	+0.0100%	4h	316.08	long leg	—	$30.1M	—
edgeX TAOUSDC	+0.0100%	4h	314.27	−0.571%	$42K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.13	−0.617%	$520K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.44	−0.519%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.29	−0.250%	$76K	$857K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.71	−0.117%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.90	−0.057%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.75	−0.421%	$110K	$534K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.82	−0.082%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.75	−0.105%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0130%	4h	315.86	−0.070%	$57K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0149% / S +0.0124%	1h	315.49	−0.188%	$420K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0174%	8h	315.43	−0.207%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0185%	1h	315.49	−0.186%	$804K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0203%	4h	316.08	0.000%	$1.2M	$10.3M	50x	as long as short
Extended TAO-USD	+0.0248%	1h	316.04	−0.014%	$922K	$2.4M	25x	as long as short
Hyperliquid TAO	+0.0248%	1h	316.20	+0.038%	$93.0M	$106.2M	5x	as long as short
Bulk TAO-USD	+0.0285%	1h	315.07	−0.320%	$167K	$2K	10x	as long as short
01 Exchange TAOUSD	+0.0288%	1h	315.27	−0.256%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0328%	1h	316.23	+0.047%	$1.5M	$6.5M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.61	−0.465%	$4.5M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.54	−0.171%	$99K	$488K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0353%	1h	316.48	+0.127%	$317K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	315.24	−0.265%	$360K	$411K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0445%	1h	316.05	−0.009%	$13K	$1.7M	25x	as long as short
Variational Omni TAO	+0.0541%	4h	314.92	−0.367%	$5.7M	$10.0M	—	as long as short
Phoenix TAO	+0.0581%	1h	314.90	−0.373%	$313K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.54	−0.172%	$363	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.22	−0.272%	$436K	$654K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.91	−0.054%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.92	+1.215%	$23K	$2K	12x	as long as short