Settings8H · net · $10k
Funding arb · Price arb /

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0395%/8h= +43.2% APRpaid last 24h +0.045%
Price spread now: Nado against BingX−0.040%7-day average +0.011% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$280.279% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.052%+$5 on $10k
Price spread, last 3 days (all we have)+0.262%+$26 · spread now −0.040%, 7d avg +0.011%
Together, before fees+0.314%+ Points / potential airdropNado: Active · farm board+$31 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.050% cheaper against BingX than usual: you would sell low and buy high (spread −0.040% now, against its 7-day average of +0.011%). If the spread goes back, that is −$5 on $10k: about 10 hours of funding at the current rate (+$12 a day). At the pace of the last 3 days (+0.052% in total) that is about 3.1 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.052% in total (about 6.0% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX TAO-USDT313.140.0100pay 0.0050% / 4h52m 10s$30.3M
ShortNado TAO-PERP313.010.0495get 0.0062% / 1h52m 10s$838K$2.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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

Funding earned
$82.93
Price spread: −0.040% → +0.011%
−$5.05
Slippage, 4 orders
−$10.9
Fee BingX: 5 bp × 2 orders
−$10
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$49.99
Costs to cover
0.279%
Break-even
2.8 days
Slippage from BingX: live order book, 2 min ago; Nado: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 2 min ago0.48 bp5.6 bp −$612.6 bp −$12634.8 bp −$3,479135.0 bp −$67.5K
Sell Nado live order book, 2 min ago0.16 bp7.0 bp −$723.1 bp −$231doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.1120%1h305.94−2.299%$164K$52K10xas long as short
dYdX TAO-USD0.0000%1h312.29−0.270%$125K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h312.52−0.197%$21K150xas long as short
Injective TAO/USDC PERP+0.0033%1h308.73−1.408%$22K$25912xas long as short
Popdex TAOUSDT+0.0096%1h313.17+0.010%$40K$549K20xas long as short
Pacifica TAO+0.0100%1h312.82−0.103%$370K$370K10xas long as short
Binance TAOUSDT+0.0100%4h312.99−0.049%$88.6M$420.9M75xas long as short
Bybit TAOUSDT+0.0100%4h313.04−0.032%$61.1M$123.2M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h313.20+0.019%$25.1M$99.7M50xas long as short
Gate TAO_USDT+0.0100%4h312.80−0.109%$12.5M$48.6M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h313.22+0.026%$119.9M$125.9M300xas long as short
KuCoin TAOUSDTM+0.0100%4h312.82−0.102%$19.0M$27.5M75xas long as short
Bitget TAOUSDT+0.0100%4h313.04−0.032%$35.1M$46.1M50xas long as short
BingX TAO-USDTlong+0.0100%4h313.14long leg$30.3M
edgeX TAOUSDC+0.0100%4h314.17+0.328%$41K$279K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h314.25+0.356%$520K$950K10xas long as short
Orderly PERP_TAO_USDC+0.0100%4h312.66−0.153%$60K$276K10xas long as short
SunX TAO-USDT+0.0100%4h312.59−0.176%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h312.76−0.121%$128K$393K20xas long as short
Phemex TAOUSDT+0.0100%4h312.55−0.188%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h312.77−0.117%$172K$9983xas long as short
Katana Perps TAO-USD+0.0110%8h313.05−0.029%$3K$536K5xas long as short
Bullet TAO-USD+0.0112%1h312.81−0.105%$11K$17K20xas long as short
Polymarket Perps TAO-USD+0.0135%1h313.26+0.038%$77K$524K5xas long as short
Variational Omni TAO+0.0177%4h314.40+0.403%$3.9M$6.9Mas long as short
Paradex TAO-USD-PERP+0.0185%8h312.87−0.086%$14K$1K10xas long as short
Arcus TAO-USD+0.0186%1h313.25+0.035%$80K$644K5xas long as short
Aster TAOUSDT+0.0202%4h312.67−0.150%$1.1M$7.8M50xas long as short
BloFin TAO-USDT+0.0340%4h312.50−0.204%$4.3M$9.7M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0351%1h312.68−0.146%$19K$1.4M25xas long as short
ApeX Omni TAOUSDT+0.0361%1h314.07+0.297%$47K$269K50xas long as short
Kraken Futures PF_TAOUSD+0.0449%1h312.62−0.167%$5.8M$19.8M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0475% / S −0.0175%1h312.50−0.204%$448K100xas long as short
Nado TAO-PERPshort+0.0495%1h313.01−0.040%$838K$2.0M10x
Phoenix TAO+0.0537%1h312.70−0.141%$327K$521K5xas long as short
Backpack TAO_USDC_PERP+0.0544%1h313.17+0.010%$300K$798K10xas long as short
Reya TAORUSDPERP+0.0695%1h312.78−0.116%$36020xas long as short
Extended TAO-USD+0.0800%1h312.64−0.159%$864K$2.1M25xas long as short
01 Exchange TAOUSD+0.0864%1h313.52+0.121%$3K$4K5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h313.17+0.010%$1.5M$5.7M50xas long as short
RISEx TAO/USDC+0.1238%1h313.33+0.061%$431K$536K5xas long as short
Lighter TAO+0.1312%1h313.12−0.007%$1.6M$5.8M5xas long as short
Hyperliquid TAO+0.2268%1h313.77+0.201%$98.2M$82.7M5xas long as short