Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against BingX+0.128%7-day average +0.009% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$24as in the Price arb table

costs, in and out, $10k−$360.356% of the position

Long on BingX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.538%−$54 · spread now +0.128%, 7d avg +0.009%

Together, before fees−0.541%+ Points / potential airdropPacifica: Active · farm board−$54 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: Pacifica is 0.119% dearer against BingX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	304.56	0.0100	pay 0.0050% / 4h	2h 48m	—	$30.5M	—
Short	Pacifica TAO	304.95	0.0100	get 0.0013% / 1h	48m 27s	$361K	$401K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.128%Rate

Funding earned: $0
Price spread: +0.128% → +0.009%: $11.86
Slippage, 4 orders: −$17.65
Fee BingX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$23.79
Costs to cover: 0.356%
Break-even: never at this rate

Slippage from BingX: live order book, 5 min ago; Pacifica: live order book, 40 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, 5 min ago	0.82 bp	8.6 bp −$9	12.1 bp −$121	25.9 bp −$2,587	59.5 bp −$29.8K
Sell Pacifica live order book, 40 min ago	2.40 bp	10.6 bp −$11	doesn't fit	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
Bulk TAO-USD	−0.0973%	1h	304.87	+0.102%	$200K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	304.90	+0.113%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	304.29	−0.089%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	304.23	−0.108%	$38K	$522K	20x	as long as short
Pacifica TAOshort	+0.0100%	1h	304.95	+0.128%	$361K	$401K	10x
Binance TAOUSDT	+0.0100%	4h	304.46	−0.034%	$85.3M	$400.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	304.69	+0.043%	$58.4M	$117.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	304.50	−0.020%	$24.8M	$91.0M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.65	+0.030%	$135K	$591K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	304.20	−0.118%	$12.0M	$47.4M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	304.34	−0.072%	$111.5M	$121.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	304.24	−0.105%	$18.1M	$26.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	304.06	−0.164%	$34.0M	$44.2M	50x	as long as short
BingX TAO-USDTlong	+0.0100%	4h	304.56	long leg	—	$30.5M	—
Variational Omni TAO	+0.0100%	4h	303.48	−0.356%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.44	−0.368%	$39K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	304.10	−0.150%	$543K	$977K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.27	−0.424%	$46K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	304.43	−0.043%	$82K	$665K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	304.50	−0.020%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	304.53	−0.010%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	304.68	+0.039%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	305.07	+0.167%	$121K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	304.80	+0.079%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	304.90	+0.110%	$167K	$998	3x	as long as short
Aster TAOUSDT	+0.0109%	4h	304.45	−0.036%	$1.1M	$7.4M	50x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	304.32	−0.079%	$1K	$416K	5x	as long as short
Nado TAO-PERP	+0.0155%	1h	304.30	−0.087%	$743K	$1.8M	10x	as long as short
Paradex TAO-USD-PERP	+0.0164%	8h	304.73	+0.056%	$14K	$992	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0182%	1h	304.94	+0.126%	$16K	$1.3M	25x	as long as short
Phoenix TAO	+0.0234%	1h	305.20	+0.210%	$323K	$462K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	304.83	+0.089%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0408%	1h	304.70	+0.046%	$3K	$4K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0464% / S −0.0175%	1h	304.29	−0.090%	$433K	—	100x	as long as short
Lighter TAO	+0.0568%	1h	305.40	+0.275%	$1.6M	$4.8M	5x	as long as short
Extended TAO-USD	+0.0608%	1h	304.57	+0.003%	$872K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	304.29	−0.089%	$350	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	305.80	+0.407%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1033%	1h	305.05	+0.160%	$6.2M	$19.5M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1035%	1h	305.29	+0.240%	$467K	$688K	10x	as long as short
RISEx TAO/USDC	+0.1053%	1h	304.49	−0.024%	$403K	$531K	5x	as long as short
Hyperliquid TAO	+0.1306%	1h	304.82	+0.085%	$91.3M	$74.3M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	307.78	+1.057%	$22K	$136	12x	as long as short