Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0420%/8h= +46.0% APRpaid last 24h +0.077%

Price spread now: 01 Exchange against BingX+0.193%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 01 Exchange

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—needs both histories

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and 01 Exchange is 0.193% dearer against BingX than usual: you sell high and buy low: +$19 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	306.38	0.0100	pay 0.0050% / 4h	2h 29m	—	$30.4M	—
Short	01 Exchange TAOUSD	306.97	0.0520	get 0.0065% / 1h	29m 18s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.193%Rate

Funding earned: $88.2
Price spread: +0.193% → 0.000%: $19.26
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $90.46
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: BingX: live order book, 4 min ago; 01 Exchange: 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, 4 min ago	0.65 bp	6.0 bp −$6	10.0 bp −$100	25.1 bp −$2,508	59.4 bp −$29.7K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
dYdX TAO-USD	0.0000%	1h	305.82	−0.183%	$128K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	306.27	−0.036%	$19K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0078%	1h	306.38	0.000%	$15K	$1.3M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.70	+0.104%	$42K	$523K	20x	as long as short
Pacifica TAO	+0.0100%	1h	306.05	−0.108%	$362K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.34	−0.013%	$85.7M	$402.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.44	+0.020%	$59.2M	$118.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.40	+0.007%	$25.0M	$92.5M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.86	+0.157%	$136K	$594K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	+0.225%	$201K	$57K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	306.30	−0.026%	$12.2M	$48.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	306.28	−0.033%	$113.1M	$123.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	306.58	+0.065%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.14	−0.078%	$34.3M	$44.4M	50x	as long as short
BingX TAO-USDTlong	+0.0100%	4h	306.38	long leg	—	$30.4M	—
Variational Omni TAO	+0.0100%	4h	307.53	+0.376%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.34	+0.313%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.77	+0.453%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.19	+0.264%	$46K	$267K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	306.33	−0.018%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	306.31	−0.023%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	306.19	−0.062%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	304.47	−0.623%	$120K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.56	−0.268%	$3.2M	$7.9M	50x	as long as short
Polymarket Perps TAO-USD	+0.0104%	1h	306.82	+0.144%	$86K	$669K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	306.36	−0.005%	$168K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	306.47	+0.029%	$3K	$434K	5x	as long as short
Aster TAOUSDT	+0.0147%	4h	306.40	+0.007%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	305.90	−0.155%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	306.18	−0.066%	$437K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	308.30	+0.627%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0298%	1h	306.58	+0.067%	$840K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.28	+0.294%	$4.2M	$9.5M	100x	as long as short
01 Exchange TAOUSDshort	+0.0520%	1h	306.97	+0.193%	$3K	$4K	5x
Reya TAORUSDPERP	+0.0694%	1h	306.32	−0.021%	$352	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	306.29	−0.029%	$901K	$2.0M	25x	as long as short
Lighter TAO	+0.0944%	1h	306.38	0.000%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	305.96	−0.137%	$1.5M	$5.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1029%	1h	306.40	+0.007%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	306.86	+0.155%	$410K	$535K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1302%	1h	305.78	−0.196%	$437K	$703K	10x	as long as short
Hyperliquid TAO	+0.1705%	1h	306.98	+0.196%	$93.8M	$75.8M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	305.96	−0.137%	$22K	$171	12x	as long as short