Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bybit−0.151%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$350.351% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.024%+$2 on $10k

Price spread, last 7 days+0.142%+$14 · spread now −0.151%, 7d avg −0.016%

Together, before fees+0.165%+$17 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 0.134% cheaper against Bybit than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	311.55	0.0100	pay 0.0050% / 4h	3h 25m	$59.3M	$113.1M	50x
Short	BingX TAO-USDT	311.08	0.0100	get 0.0050% / 4h	3h 25m	—	$30.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now −0.151%Rate

Funding earned: $0
Price spread: −0.151% → −0.016%: −$13.45
Slippage, 4 orders: −$14.14
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$48.59
Costs to cover: 0.351%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 2 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 Bybit live order book, 3 min ago	0.16 bp	11.4 bp −$11	19.3 bp −$193	59.3 bp −$5,926	doesn't fit
Sell BingX live order book, 2 min ago	0.48 bp	6.9 bp −$7	10.7 bp −$107	36.3 bp −$3,627	93.8 bp −$46.9K

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	−1.0220%	1h	313.13	+0.508%	$209K	$54K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.87	+0.423%	$131K	$95K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	311.81	+0.084%	$17K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0006%	1h	311.68	+0.042%	$27K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.95	+0.128%	$37K	$506K	20x	as long as short
Pacifica TAO	+0.0100%	1h	312.77	+0.392%	$367K	$403K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.49	−0.020%	$88.1M	$384.9M	75x	as long as short
Bybit TAOUSDTlong	+0.0100%	4h	311.55	long leg	$59.3M	$113.1M	50x
OKX TAO-USDT-SWAP	+0.0100%	8h	311.30	−0.080%	$25.4M	$89.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	312.85	+0.417%	$141K	$586K	5x	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	311.50	−0.016%	$12.3M	$47.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.47	−0.026%	$109.6M	$116.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.41	−0.045%	$19.7M	$25.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.10	−0.144%	$35.0M	$42.5M	50x	as long as short
BingX TAO-USDTshort	+0.0100%	4h	311.08	−0.151%	—	$30.0M	—
Variational Omni TAO	+0.0100%	4h	314.12	+0.825%	$3.5M	$6.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.68	+0.363%	$40K	$274K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.09	+0.174%	$556K	$947K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.77	+0.392%	$48K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.96	+0.132%	$89K	$640K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.85	+0.097%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	311.89	+0.109%	$60K	$277K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.71	+0.051%	$1K	$1.7M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.84	+0.093%	$124K	$355K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.01	+0.148%	$3.3M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.83	+0.090%	$171K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0120%	8h	312.23	+0.218%	$892	$381K	5x	as long as short
Aster TAOUSDT	+0.0174%	4h	311.58	+0.008%	$1.4M	$7.2M	50x	as long as short
Paradex TAO-USD-PERP	+0.0186%	8h	312.90	+0.435%	$15K	$992	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.44	+0.286%	$4.4M	$9.4M	100x	as long as short
Phoenix TAO	+0.0365%	1h	314.80	+1.043%	$334K	$326K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0395%	1h	312.20	+0.209%	$6.7M	$18.7M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0482% / S −0.0184%	1h	311.67	+0.038%	$455K	—	100x	as long as short
Extended TAO-USD	+0.0544%	1h	311.36	−0.060%	$919K	$1.8M	25x	as long as short
01 Exchange TAOUSD	+0.0576%	1h	312.43	+0.282%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0581%	1h	311.54	−0.003%	$423K	$611K	10x	as long as short
Nado TAO-PERP	+0.0681%	1h	311.82	+0.088%	$1.1M	$1.5M	10x	as long as short
RISEx TAO/USDC	+0.0688%	1h	312.57	+0.329%	$410K	$529K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	311.74	+0.060%	$358	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0936%	1h	312.89	+0.430%	$1.5M	$5.5M	50x	as long as short
Lighter TAO	+0.2048%	1h	312.66	+0.357%	$2.0M	$3.8M	5x	as long as short
Hyperliquid TAO	+0.2271%	1h	311.66	+0.035%	$91.8M	$69.2M	5x	as long as short
Injective TAO/USDC PERP	+0.3384%	1h	316.14	+1.473%	$23K	$137	12x	as long as short