TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0084%/8h= −9.2% APRnext payment −$0.42 per $10,000 · paid last 24h 0.000%

Price spread now: GRVT against BingX−0.462%7-day average +0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$330.328% of the position

Long on BingX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)+0.720%+$72 · spread now −0.462%, 7d avg +0.021%

Together, before fees+0.691%+ Points / potential airdropGRVT: Active · farm board+$69 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and GRVT is 0.483% cheaper against BingX than usual: you would sell low and buy high (−$48 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	315.26	0.0430	pay 0.0215% / 4h	2h 23m	—	$33.6M	—
Short	GRVT TAO_USDT_Perp	313.80	0.0346	get 0.0173% / 4h	2h 23m	$533K	$923K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.462%Rate

Funding earned: −$17.64
Price spread: −0.462% → +0.021%: −$48.32
Slippage, 4 orders: −$13.77
Fee BingX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$98.74
Costs to cover: 0.328%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; GRVT: live order book, 25 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	0.96 bp	6.2 bp −$6	11.9 bp −$119	25.0 bp −$2,496	57.5 bp −$28.7K
Sell GRVT live order book, 25 min ago	1.43 bp	9.3 bp −$9	21.2 bp −$212	doesn't fit	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.49	+0.073%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0042%	1h	315.23	−0.010%	$126K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.37	+0.034%	$90.5M	$508.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.50	+0.076%	$26.4M	$123.0M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	313.47	−0.567%	$167K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.30	+0.013%	$14.0M	$51.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.52	+0.082%	$109.1M	$146.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.12	−0.044%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.33	+0.022%	$35.6M	$57.3M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.26	−0.635%	$41K	$314K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	315.49	+0.073%	$90K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.38	−0.279%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.65	−0.511%	$113K	$554K	20x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	315.12	−0.044%	$650	$934K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.42	−0.266%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0122%	4h	314.41	−0.270%	$52K	$290K	10x	as long as short
Popdex TAOUSDT	+0.0128%	1h	315.43	+0.054%	$52K	$669K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0128% / S +0.0140%	1h	314.29	−0.308%	$421K	—	100x	as long as short
Phemex TAOUSDT	+0.0152%	4h	314.29	−0.308%	$3.2M	$8.0M	50x	as long as short
Aster TAOUSDT	+0.0219%	4h	315.28	+0.008%	$1.3M	$10.6M	50x	as long as short
Pacifica TAO	+0.0233%	1h	315.48	+0.070%	$359K	$419K	10x	as long as short
Nado TAO-PERP	+0.0261%	1h	315.29	+0.009%	$778K	$2.2M	10x	as long as short
Paradex TAO-USD-PERP	+0.0272%	8h	315.78	+0.164%	$14K	$1K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.36	−0.287%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0326%	1h	315.70	+0.139%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.97	−0.409%	$4.6M	$10.9M	100x	as long as short
GRVT TAO_USDT_Perpshort	+0.0346%	4h	313.80	−0.462%	$533K	$923K	10x
ApeX Omni TAOUSDT	+0.0359%	1h	313.36	−0.603%	$44K	$256K	50x	as long as short
Bybit TAOUSDT	+0.0410%	4h	315.56	+0.095%	$68.6M	$152.5M	50x	as long as short
BingX TAO-USDTlong	+0.0430%	4h	315.26	long leg	—	$33.6M	—
Variational Omni TAO	+0.0439%	4h	313.02	−0.711%	$5.5M	$10.1M	—	as long as short
Arcus TAO-USD	+0.0483%	1h	315.68	+0.133%	$102K	$345K	5x	as long as short
Extended TAO-USD	+0.0488%	1h	315.19	−0.024%	$900K	$2.4M	25x	as long as short
Phoenix TAO	+0.0513%	1h	313.30	−0.622%	$312K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0580%	1h	314.43	−0.265%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.52	+0.081%	$363	—	20x	as long as short
Lighter TAO	+0.0760%	1h	315.94	+0.215%	$1.5M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0760%	1h	315.71	+0.143%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0807%	1h	315.69	+0.136%	$92.6M	$108.8M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0825%	1h	314.52	−0.235%	$312K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	315.59	+0.105%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	315.19	−0.022%	$456K	$650K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	319.48	+1.339%	$23K	$2K	12x	as long as short