Funding you earn now, next payment 03:00 UTC−0.3530%/8h= −386.5% APRpaid last 24h −0.582%
Price spread now: BingX against Injective+0.091%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−3.344%−$334 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. BingX is 0.091% dearer against Injective than usual: you sell high and buy low (spread +0.091% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$106 a day in funding at the current rate, which eats that in about 2 hours. At the pace of the last 7 days (−3.344% in total) that is about 5 hours. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective TAO/USDC PERP | 319.69 | 0.4172 | pay 0.0521% / 1h | 40m 17s | $23K | $2K | 12x |
| Short | BingX TAO-USDT | 319.98 | 0.0642 | get 0.0321% / 4h | 1h 40m | — | $30.3M | — |
Injective TAO/USDC PERP
BingX TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Injective. 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
- −$741.27
- Price spread: +0.091% → 0.000%
- $9.07
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$742.22
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; BingX: live order book, 13 min ago. Net counts fees only.
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 Injective no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 13 min ago | 1.41 bp | 8.4 bp −$8 | 15.8 bp −$158 | 36.1 bp −$3,606 | 72.8 bp −$36.4K |
Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.3652% | 1h | 316.49 | −1.001% | $168K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 320.00 | +0.097% | $128K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.71 | +0.006% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 320.71 | +0.319% | $44K | $654K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 320.18 | +0.153% | $92.8M | $471.8M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 320.10 | +0.128% | $26.4M | $117.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.80 | +0.034% | $13.1M | $49.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 320.04 | +0.109% | $106.9M | $139.3M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 320.52 | +0.260% | $18.1M | $30.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.86 | +0.053% | $35.7M | $53.9M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 318.60 | −0.342% | $36K | $300K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 320.42 | +0.228% | $74K | $764K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.92 | +0.072% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 319.98 | +0.091% | $130K | $478K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 319.93 | +0.075% | $3.4M | $7.8M | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0101% | 4h | 320.18 | +0.153% | $58K | $282K | 10x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 320.26 | +0.177% | $176K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0115% | 8h | 320.65 | +0.300% | $681 | $754K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0163% / S +0.0106% | 1h | 319.68 | −0.002% | $434K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0224% | 4h | 318.95 | −0.231% | $526K | $955K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0245% | 1h | 320.19 | +0.155% | $5.6M | $20.5M | 50x | as long as short |
| Bullet TAO-USD | +0.0300% | 1h | 320.04 | +0.110% | $12K | $18K | 20x | as long as short |
| Aster TAOUSDT | +0.0330% | 4h | 320.36 | +0.209% | $1.2M | $9.3M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0331% | 8h | 320.76 | +0.334% | $15K | $1K | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 320.59 | +0.282% | $4.5M | $10.7M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0343% | 1h | 319.91 | +0.068% | $17K | $1.6M | 25x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 320.39 | +0.220% | $378K | $396K | 10x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 318.90 | −0.247% | $333K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 321.05 | +0.425% | $101K | $489K | 5x | as long as short |
| Nado TAO-PERP | +0.0527% | 1h | 320.35 | +0.205% | $773K | $2.1M | 10x | as long as short |
| BingX TAO-USDTshort | +0.0642% | 4h | 319.98 | +0.091% | — | $30.3M | — | |
| Bybit TAOUSDT | +0.0648% | 4h | 319.97 | +0.088% | $68.2M | $140.0M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 320.07 | +0.118% | $368 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0784% | 1h | 321.39 | +0.532% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0878% | 4h | 320.22 | +0.165% | $5.9M | $9.7M | — | as long as short |
| ApeX Omni TAOUSDT | +0.0883% | 1h | 318.78 | −0.285% | $47K | $253K | 50x | as long as short |
| Lighter TAO | +0.0896% | 1h | 320.52 | +0.259% | $1.6M | $6.3M | 5x | as long as short |
| Extended TAO-USD | +0.0920% | 1h | 319.99 | +0.094% | $937K | $2.3M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0981% | 1h | 320.10 | +0.128% | $440K | $860K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 320.58 | +0.278% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 320.74 | +0.327% | $455K | $627K | 5x | as long as short |
| Hyperliquid TAO | +0.1400% | 1h | 320.57 | +0.275% | $100.6M | $98.9M | 5x | as long as short |
| Injective TAO/USDC PERPlong | +0.4172% | 1h | 319.69 | long leg | $23K | $2K | 12x |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Orderly PERP_TAO_USDC
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
Bullet TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
Pacifica TAO
Phoenix TAO
Arcus TAO-USD
Nado TAO-PERP
Bybit TAOUSDT
Reya TAORUSDPERP
01 Exchange TAOUSD
Variational Omni TAO
ApeX Omni TAOUSDT
Lighter TAO
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO