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: MEXC against BingX−0.081%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$210.215% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 7 days+0.081%+$8 · spread now −0.081%, 7d avg +0.003%

Together, before fees−0.010%−$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: MEXC is 0.085% cheaper against BingX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	319.18	0.0100	pay 0.0050% / 4h	3h 59m	—	$30.7M	—
Short	MEXC TAO_USDT	318.92	0.0100	get 0.0050% / 4h	3h 59m	$114.6M	$130.3M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → +0.003%: −$8.49
Slippage, 4 orders: −$11.45
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$29.94
Costs to cover: 0.215%
Break-even: never at this rate

Slippage from BingX: live order book, 15 min ago; MEXC: 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	1.45 bp	7.2 bp −$7	13.0 bp −$130	27.1 bp −$2,715	66.3 bp −$33.2K
Sell MEXC live order book, 5 min ago	0.79 bp	2.9 bp −$3	10.2 bp −$102	31.3 bp −$3,135	136.1 bp −$68.0K

TAO on 42 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	−0.2086%	1h	311.96	−2.262%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.20	+0.006%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.57	−0.190%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.78	−0.125%	$40K	$572K	20x	as long as short
Pacifica TAO	+0.0100%	1h	319.44	+0.080%	$378K	$371K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	319.11	−0.022%	$90.5M	$435.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	319.30	+0.038%	$65.4M	$129.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.20	+0.006%	$25.9M	$105.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.00	−0.056%	$12.9M	$49.2M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	318.92	−0.081%	$114.6M	$130.3M	300x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	319.04	−0.044%	$19.0M	$28.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.92	−0.081%	$35.7M	$48.2M	50x	as long as short
BingX TAO-USDTlong	+0.0100%	4h	319.18	long leg	—	$30.7M	—
edgeX TAOUSDC	+0.0100%	4h	315.96	−1.008%	$42K	$283K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	317.42	−0.550%	$531K	$942K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.82	−1.053%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.20	−0.307%	$117K	$613K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	319.83	+0.204%	$61K	$281K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.90	+0.226%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.14	+0.301%	$128K	$423K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	319.01	−0.053%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	320.18	+0.314%	$176K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	318.58	−0.186%	$453K	—	100x	as long as short
Arcus TAO-USD	+0.0186%	1h	319.59	+0.128%	$84K	$545K	5x	as long as short
Aster TAOUSDT	+0.0194%	4h	318.89	−0.091%	$1.1M	$8.0M	50x	as long as short
Paradex TAO-USD-PERP	+0.0210%	8h	319.53	+0.110%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0233%	4h	316.35	−0.886%	$5.4M	$8.5M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.28	+0.031%	$4.4M	$10.8M	100x	as long as short
Bullet TAO-USD	+0.0432%	1h	319.02	−0.050%	$12K	$17K	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0479%	1h	319.93	+0.236%	$5.8M	$20.2M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0521%	1h	319.84	+0.208%	$29K	$1.5M	25x	as long as short
Phoenix TAO	+0.0537%	1h	316.20	−0.934%	$331K	$519K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	317.85	−0.417%	$23K	$370	12x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	318.18	−0.313%	$366	—	20x	as long as short
Extended TAO-USD	+0.0928%	1h	320.04	+0.269%	$920K	$2.2M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.30	+0.351%	$1.5M	$6.0M	50x	as long as short
RISEx TAO/USDC	+0.1141%	1h	319.47	+0.090%	$422K	$584K	5x	as long as short
01 Exchange TAOUSD	+0.1248%	1h	320.02	+0.263%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1383%	1h	319.34	+0.050%	$318K	$816K	10x	as long as short
Lighter TAO	+0.2128%	1h	320.56	+0.432%	$1.7M	$5.8M	5x	as long as short
Nado TAO-PERP	+0.2190%	1h	318.06	−0.350%	$880K	$2.0M	10x	as long as short
Hyperliquid TAO	+0.2968%	1h	319.90	+0.226%	$104.2M	$87.6M	5x	as long as short