TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0122%/8h= +13.4% APRnext payment +$0.61 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against GRVT−0.606%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$360.360% of the position

Long on GRVT Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.606%, 7d avg −0.023%

Together, before fees+0.164%+ Points / potential airdropGRVT: Active · farm board+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.583% cheaper against GRVT than usual: you would sell low and buy high (spread −0.606% now, against its 7-day average of −0.023%). If the spread goes back, that is −$58 on $10k: about 16 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.037% in total) that is about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TAO_USDT_Perp	316.28	0.0122	pay 0.0061% / 4h	49m 04s	$527K	$952K	10x
Short	BingX TAO-USDT	314.36	0.0244	get 0.0122% / 4h	49m 04s	—	$30.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GRVT. 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 GRVTbpFee BingXbpOrdersPrice spread, now −0.606%Rate

Funding earned: $25.62
Price spread: −0.606% → −0.023%: −$58.31
Slippage, 4 orders: −$16.95
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$68.64
Costs to cover: 0.360%
Break-even: 25.8 days

Slippage from GRVT: live order book, 9 min ago; BingX: live order book, 5 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 GRVT live order book, 9 min ago	1.59 bp	11.9 bp −$12	33.3 bp −$333	doesn't fit	doesn't fit
Sell BingX live order book, 5 min ago	0.95 bp	8.0 bp −$8	14.6 bp −$146	24.6 bp −$2,459	46.6 bp −$23.3K

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	−0.0499%	1h	315.15	−0.356%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.07	−0.697%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.92	−0.747%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0057%	1h	314.33	−0.616%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.48	−0.568%	$41K	$685K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.71	−0.494%	$90.8M	$488.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.90	−0.435%	$25.9M	$119.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.20	−0.657%	$12.9M	$49.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.46	−0.574%	$104.5M	$142.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.30	−0.625%	$17.5M	$31.6M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	314.67	−0.508%	$35.2M	$55.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	316.19	−0.028%	$35K	$303K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.46	−0.574%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.00	−0.720%	$89K	$789K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.29	−0.628%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.27	−0.634%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.91	−0.748%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.21	−0.653%	$3.2M	$8.2M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.26	−0.637%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	314.02	−0.713%	$668	$783K	5x	as long as short
GRVT TAO_USDT_Perplong	+0.0122%	4h	316.28	long leg	$527K	$952K	10x
Orderly PERP_TAO_USDC	+0.0124%	4h	314.19	−0.660%	$57K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0153% / S +0.0116%	1h	314.00	−0.718%	$426K	—	100x	as long as short
Bybit TAOUSDT	+0.0183%	4h	314.96	−0.416%	$68.7M	$146.1M	50x	as long as short
01 Exchange TAOUSD	+0.0184%	1h	314.19	−0.660%	$3K	$4K	5x	as long as short
Paradex TAO-USD-PERP	+0.0199%	8h	314.37	−0.602%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0218%	4h	314.13	−0.677%	$1.2M	$10.1M	50x	as long as short
Hyperliquid TAO	+0.0236%	1h	314.61	−0.528%	$93.9M	$104.8M	5x	as long as short
BingX TAO-USDTshort	+0.0244%	4h	314.36	−0.606%	—	$30.2M	—
Nado TAO-PERP	+0.0253%	1h	314.21	−0.652%	$818K	$2.2M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0280%	1h	314.54	−0.549%	$315K	$913K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.22	−0.650%	$4.5M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	314.37	−0.603%	$99K	$488K	5x	as long as short
Extended TAO-USD	+0.0352%	1h	314.71	−0.494%	$922K	$2.4M	25x	as long as short
Lighter TAO	+0.0360%	1h	314.69	−0.503%	$1.5M	$6.4M	5x	as long as short
Pacifica TAO	+0.0365%	1h	314.30	−0.625%	$360K	$409K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0456%	1h	314.35	−0.608%	$13K	$1.6M	25x	as long as short
Phoenix TAO	+0.0581%	1h	314.50	−0.562%	$313K	$697K	5x	as long as short
Variational Omni TAO	+0.0651%	4h	314.33	−0.615%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	314.14	−0.675%	$361	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	314.28	−0.630%	$432K	$657K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.00	−0.404%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.61	+1.054%	$23K	$2K	12x	as long as short