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 Gate+0.058%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$500.503% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 7 days−0.052%−$5 · spread now +0.058%, 7d avg +0.010%

Together, before fees+0.008%+$1 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 0.048% dearer against Gate than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	312.60	0.0100	pay 0.0050% / 4h	7m 48s	$12.5M	$50.4M	50x
Short	BingX TAO-USDT	312.78	0.0100	get 0.0050% / 4h	7m 48s	—	$30.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.058%Rate

Funding earned: $0
Price spread: +0.058% → +0.010%: $4.75
Slippage, 4 orders: −$25.27
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$45.52
Costs to cover: 0.503%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; BingX: live order book, 6 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 Gate live order book, 1 min ago	3.20 bp	18.9 bp −$19	42.4 bp −$424	56.9 bp −$5,685	96.0 bp −$48.0K
Sell BingX live order book, 6 min ago	1.45 bp	8.0 bp −$8	15.4 bp −$154	26.8 bp −$2,675	48.2 bp −$24.1K

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	−0.2086%	1h	311.96	−0.205%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.79	+0.061%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	312.65	+0.015%	$27K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	312.08	−0.166%	$23K	$362	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.10	+0.160%	$37K	$565K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.06	+0.147%	$370K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.61	+0.002%	$88.7M	$428.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.92	+0.102%	$61.6M	$125.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.70	+0.032%	$25.1M	$101.7M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	312.60	long leg	$12.5M	$50.4M	50x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	312.68	+0.026%	$110.9M	$131.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.72	+0.038%	$18.5M	$27.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.55	−0.016%	$35.0M	$47.0M	50x	as long as short
BingX TAO-USDTshort	+0.0100%	4h	312.78	+0.058%	—	$30.5M	—
edgeX TAOUSDC	+0.0100%	4h	311.46	−0.365%	$40K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.82	+0.069%	$523K	$952K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.38	−0.390%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.03	+0.138%	$77K	$450K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.90	+0.096%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	312.78	+0.058%	$60K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.70	+0.032%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.02	+0.134%	$128K	$417K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.76	+0.051%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.08	+0.155%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	313.11	+0.163%	$1K	$565K	5x	as long as short
Aster TAOUSDT	+0.0164%	4h	312.63	+0.009%	$1.1M	$7.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	312.59	−0.003%	$446K	—	100x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.20	+0.192%	$83K	$545K	5x	as long as short
Paradex TAO-USD-PERP	+0.0194%	8h	312.83	+0.074%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0216%	4h	312.58	−0.007%	$3.9M	$7.1M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0305%	1h	312.84	+0.077%	$20K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.13	+0.170%	$4.3M	$10.5M	100x	as long as short
Nado TAO-PERP	+0.0431%	1h	312.97	+0.119%	$822K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0449%	1h	312.89	+0.092%	$5.7M	$19.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0526%	1h	313.08	+0.154%	$292K	$803K	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.50	−0.032%	$327K	$521K	5x	as long as short
01 Exchange TAOUSD	+0.0584%	1h	313.26	+0.211%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	312.79	+0.059%	$360	—	20x	as long as short
Extended TAO-USD	+0.0840%	1h	312.74	+0.044%	$859K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	313.32	+0.230%	$1.5M	$5.8M	50x	as long as short
Lighter TAO	+0.1208%	1h	313.15	+0.177%	$1.6M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.01	+0.131%	$414K	$585K	5x	as long as short
Hyperliquid TAO	+0.1587%	1h	313.25	+0.208%	$98.2M	$84.6M	5x	as long as short