Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0393%/8h= +43.0% APRpaid last 24h +0.178%

Price spread now: Reya against BingX+0.053%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Reya is 0.053% dearer against BingX than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	310.89	0.0304	pay 0.0152% / 4h	3h 01m	—	$33.8M	—
Short	Reya TAORUSDPERP	311.05	0.0697	get 0.0087% / 1h	1m 49s	$358	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.053%Rate

Funding earned: $82.55
Price spread: +0.053% → 0.000%: $5.26
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $71.81
Costs to cover: 0.160%
Break-even: 0.9 days

Slippage unknown: BingX: live order book, 7 min ago; Reya: no order-book sample. Net counts fees only.

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, 7 min ago	1.12 bp	6.1 bp −$6	9.8 bp −$98	25.8 bp −$2,584	58.8 bp −$29.4K
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kraken Futures PF_TAOUSD	−0.0349%	1h	310.93	+0.012%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.73	−0.051%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0020%	1h	310.68	−0.068%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	310.84	−0.016%	$48K	$662K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	310.80	−0.029%	$1K	$864K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.05	+0.053%	$354K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	310.73	−0.051%	$88.7M	$503.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	310.40	−0.158%	$25.9M	$120.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.50	−0.125%	$13.3M	$50.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	310.64	−0.080%	$102.9M	$145.9M	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	310.63	−0.084%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.33	−0.180%	$34.9M	$56.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.13	+0.398%	$41K	$314K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.06	+0.376%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	310.87	−0.006%	$81K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.04	+0.047%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	310.68	−0.068%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	309.89	−0.322%	$110K	$542K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.07	+0.058%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0110%	4h	310.89	0.000%	$1.3M	$10.5M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0114%	4h	311.90	+0.325%	$530K	$942K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	310.92	+0.010%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0134% / S +0.0137%	1h	310.66	−0.074%	$413K	—	100x	as long as short
Phemex TAOUSDT	+0.0150%	4h	311.00	+0.035%	$3.1M	$8.0M	50x	as long as short
Paradex TAO-USD-PERP	+0.0176%	8h	310.91	+0.006%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.23	+0.109%	$100K	$370K	5x	as long as short
Bulk TAO-USD	+0.0253%	1h	311.89	+0.322%	$166K	$333	10x	as long as short
Bybit TAOUSDT	+0.0286%	4h	310.64	−0.080%	$67.2M	$151.0M	50x	as long as short
BingX TAO-USDTlong	+0.0304%	4h	310.89	long leg	—	$33.8M	—
Nado TAO-PERP	+0.0310%	1h	311.10	+0.067%	$785K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0312%	1h	310.60	−0.095%	$907K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0338%	4h	312.45	+0.502%	$5.5M	$10.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	310.93	+0.013%	$4.5M	$10.7M	100x	as long as short
Phoenix TAO	+0.0457%	1h	312.40	+0.486%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0459%	1h	310.80	−0.028%	$91.1M	$108.1M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0478%	1h	310.84	−0.016%	$309K	$885K	10x	as long as short
01 Exchange TAOUSD	+0.0496%	1h	311.36	+0.151%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0509%	1h	311.01	+0.039%	$12K	$1.8M	25x	as long as short
Lighter TAO	+0.0592%	1h	311.12	+0.073%	$1.5M	$6.6M	5x	as long as short
Reya TAORUSDPERPshort	+0.0697%	1h	311.05	+0.053%	$358	—	20x
RISEx TAO/USDC	+0.0816%	1h	311.01	+0.039%	$441K	$648K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.01	+0.360%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.73	+1.557%	$23K	$2K	12x	as long as short