Funding you earn now, next payment 21:00 UTC−0.0860%/8h= −94.2% APRpaid last 24h −0.200%
Price spread now: BingX against Coinbase International−0.483%7-day average −0.186% · you buy dearer than you sell
Net, funding: paid 7d − costs−$91as in the Funding arb table
Net, price: spread back to 7d avg − costs−$73as in the Price arb table
costs, in and out, $10k−$440.436% of the position
Funding, last 7 days−0.469%−$47 on $10k
+Price spread, last 3 days (all we have)+0.385%+$39 · spread now −0.483%, 7d avg −0.186%
=Both sides work against this trade now: funding costs −$26 a day on $10k at the current rate, and BingX is 0.297% cheaper against Coinbase International than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of −0.186%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.469% in total (about -24.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International TAO-PERP-INTX | 308.45 | 0.0960 | pay 0.0120% / 1h | 31m 58s | $1.5M | $5.4M | 50x |
| Short | BingX TAO-USDT | 306.96 | 0.0100 | get 0.0050% / 4h | 2h 31m | — | $30.4M | — |
Coinbase International TAO-PERP-INTX
BingX TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$180.6
- Price spread: −0.483% → −0.186%
- −$29.71
- Slippage, 4 orders
- −$23.63
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$253.94
- Costs to cover
- 0.436%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago | 7.79 bp | 14.4 bp −$14 | 17.8 bp −$178 | doesn't fit | doesn't fit |
| Sell BingX live order book, 2 min ago | 0.65 bp | 8.6 bp −$9 | 12.6 bp −$126 | 22.1 bp −$2,213 | 55.0 bp −$27.5K |
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 | 308.02 | −0.139% | $129K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 307.67 | −0.254% | $20K | — | 150x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0022% | 1h | 307.81 | −0.207% | $14K | $1.3M | 25x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 307.80 | −0.211% | $42K | $523K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 308.28 | −0.055% | $364K | $400K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 306.92 | −0.495% | $86.1M | $401.9M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 306.93 | −0.493% | $59.1M | $117.5M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 306.80 | −0.535% | $25.1M | $92.5M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 308.16 | −0.094% | $137K | $594K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 307.20 | −0.405% | $12.1M | $47.8M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Deribit TAO_USDC-PERPETUAL
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 307.48 | −0.314% | $113.5M | $122.8M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 307.42 | −0.334% | $18.5M | $26.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 306.81 | −0.532% | $34.4M | $44.4M | 50x | as long as short |
| BingX TAO-USDTshort | +0.0100% | 4h | 306.96 | −0.483% | — | $30.4M | — | |
| Variational Omni TAO | +0.0100% | 4h | 305.77 | −0.869% | $3.6M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 306.39 | −0.668% | $40K | $277K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 307.30 | −0.372% | $539K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 305.64 | −0.911% | $46K | $268K | 50x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 307.84 | −0.198% | $12K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 307.70 | −0.243% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 307.62 | −0.269% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 307.48 | −0.314% | $121K | $351K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 307.41 | −0.337% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 307.92 | −0.172% | $169K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0113% | 8h | 307.74 | −0.230% | $2K | $428K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0123% | 1h | 307.97 | −0.156% | $86K | $669K | 5x | as long as short |
| Aster TAOUSDT | +0.0157% | 4h | 307.67 | −0.253% | $1.1M | $7.5M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0166% | 8h | 308.24 | −0.067% | $14K | $1K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 307.66 | −0.255% | $439K | — | 100x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 306.20 | −0.729% | $324K | $462K | 5x | as long as short |
| Nado TAO-PERP | +0.0264% | 1h | 307.84 | −0.196% | $854K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 307.18 | −0.412% | $4.3M | $9.5M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0528% | 1h | 308.13 | −0.104% | $3K | $4K | 5x | as long as short |
| Bulk TAO-USD | +0.0668% | 1h | 304.81 | −1.180% | $200K | $57K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 307.76 | −0.222% | $354 | — | 20x | as long as short |
| Extended TAO-USD | +0.0696% | 1h | 307.73 | −0.234% | $881K | $1.9M | 25x | as long as short |
| Lighter TAO | +0.0896% | 1h | 308.21 | −0.078% | $1.7M | $4.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTXlong | +0.0960% | 1h | 308.45 | long leg | $1.5M | $5.4M | 50x | |
| Kraken Futures PF_TAOUSD | +0.1024% | 1h | 307.97 | −0.156% | $6.3M | $19.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 307.99 | −0.151% | $412K | $534K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.1308% | 1h | 307.66 | −0.256% | $471K | $682K | 10x | as long as short |
| Hyperliquid TAO | +0.1679% | 1h | 307.56 | −0.289% | $93.9M | $75.7M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 308.62 | +0.055% | $22K | $138 | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Polymarket Perps TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
GMX TAO/USD [WBTC.b-USDC]
Phoenix TAO
Nado TAO-PERP
BloFin TAO-USDT
01 Exchange TAOUSD
Bulk TAO-USD
Reya TAORUSDPERP
Extended TAO-USD
Lighter TAO
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Backpack TAO_USDC_PERP
Hyperliquid TAO
Injective TAO/USDC PERP