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 +0.003%

Price spread now: BingX against Bitget+0.057%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$400.398% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 7 days−0.109%−$11 · spread now +0.057%, 7d avg +0.006%

Together, before fees−0.095%−$10 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: BingX is 0.052% dearer against Bitget than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TAOUSDT	315.47	0.0100	pay 0.0050% / 4h	28m 54s	$35.2M	$56.3M	50x
Short	BingX TAO-USDT	315.65	0.0100	get 0.0050% / 4h	28m 54s	—	$30.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. 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 BitgetbpFee BingXbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.006%: $5.15
Slippage, 4 orders: −$17.76
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$34.6
Costs to cover: 0.398%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 10 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 Bitget live order book, 5 min ago	1.43 bp	13.5 bp −$13	25.8 bp −$258	doesn't fit	doesn't fit
Sell BingX live order book, 10 min ago	0.63 bp	7.7 bp −$8	13.9 bp −$139	27.2 bp −$2,715	60.0 bp −$30.0K

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	316.00	+0.168%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.96	+0.154%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	316.04	+0.180%	$5.5M	$20.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.16	+0.219%	$43K	$683K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	315.86	+0.124%	$1K	$794K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.74	+0.085%	$91.2M	$493.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.82	+0.111%	$68.8M	$147.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.60	+0.041%	$26.0M	$120.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.50	+0.010%	$13.0M	$49.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.42	−0.016%	$110.6M	$143.8M	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	315.73	+0.082%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDTlong	+0.0100%	4h	315.47	long leg	$35.2M	$56.3M	50x
BingX TAO-USDTshort	+0.0100%	4h	315.65	+0.057%	—	$30.1M	—
edgeX TAOUSDC	+0.0100%	4h	314.75	−0.228%	$42K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.89	−0.183%	$521K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.44	−0.326%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.18	+0.225%	$76K	$857K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	316.30	+0.263%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.11	+0.203%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.79	+0.101%	$110K	$534K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.86	+0.124%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.18	+0.225%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0130%	4h	316.10	+0.200%	$57K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0149% / S +0.0124%	1h	315.94	+0.151%	$421K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0173%	8h	316.04	+0.180%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0173%	1h	316.32	+0.270%	$804K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0205%	4h	315.84	+0.118%	$1.2M	$10.3M	50x	as long as short
Extended TAO-USD	+0.0240%	1h	315.58	+0.034%	$922K	$2.4M	25x	as long as short
Hyperliquid TAO	+0.0250%	1h	316.14	+0.213%	$93.0M	$106.3M	5x	as long as short
Bulk TAO-USD	+0.0285%	1h	315.07	−0.127%	$167K	$2K	10x	as long as short
01 Exchange TAOUSD	+0.0288%	1h	316.25	+0.247%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0297%	1h	316.23	+0.240%	$13K	$1.7M	25x	as long as short
Lighter TAO	+0.0320%	1h	316.24	+0.245%	$1.5M	$6.5M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.40	+0.295%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	316.40	+0.295%	$100K	$488K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0358%	1h	316.02	+0.174%	$317K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	316.08	+0.195%	$360K	$412K	10x	as long as short
Variational Omni TAO	+0.0541%	4h	314.92	−0.174%	$5.7M	$10.0M	—	as long as short
Phoenix TAO	+0.0581%	1h	314.90	−0.181%	$313K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	316.39	+0.290%	$364	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	316.15	+0.216%	$438K	$654K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.91	+0.139%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.92	+1.411%	$23K	$2K	12x	as long as short