TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0204%/8h= +22.3% APRnext payment +$1.02 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC+0.064%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$170.171% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 7 days−0.079%−$8 · spread now +0.064%, 7d avg −0.003%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and BingX is 0.068% dearer against MEXC than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.003%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.068% in total (about 3.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.02 per $10,000. 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	MEXC TAO_USDT	311.23	0.0100	pay 0.0050% / 4h	3h 00m	$103.1M	$145.9M	300x
Short	BingX TAO-USDT	311.43	0.0304	get 0.0152% / 4h	3h 00m	—	$33.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against MEXC. 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 MEXCbpFee BingXbpOrdersPrice spread, now +0.064%Rate

Funding earned: $42.84
Price spread: +0.064% → −0.003%: $6.75
Slippage, 4 orders: −$7.07
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: $32.52
Costs to cover: 0.171%
Break-even: 1.7 days

Slippage from MEXC: live order book, 3 min ago; BingX: live order book, 8 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 MEXC live order book, 3 min ago	0.48 bp	2.2 bp −$2	10.4 bp −$104	31.2 bp −$3,115	92.8 bp −$46.4K
Sell BingX live order book, 8 min ago	1.12 bp	7.0 bp −$7	12.9 bp −$129	24.4 bp −$2,440	55.4 bp −$27.7K

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
Kraken Futures PF_TAOUSD	−0.0349%	1h	311.27	+0.012%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.92	−0.099%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0022%	1h	310.87	−0.116%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.24	+0.003%	$48K	$662K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	311.37	+0.045%	$637	$867K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.33	+0.033%	$354K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.31	+0.026%	$88.9M	$503.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.40	+0.055%	$26.0M	$120.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.10	−0.042%	$13.3M	$50.6M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	311.23	long leg	$103.1M	$145.9M	300x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	311.02	−0.067%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.27	+0.013%	$35.0M	$56.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.26	+0.010%	$41K	$315K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.05	−0.058%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.08	−0.048%	$81K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.24	+0.004%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.00	−0.074%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.54	−0.222%	$110K	$542K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.22	−0.005%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0108%	4h	311.24	+0.003%	$1.3M	$10.5M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0114%	4h	311.90	+0.215%	$530K	$942K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	311.19	−0.013%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0134% / S +0.0137%	1h	310.87	−0.114%	$413K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0179%	8h	311.36	+0.042%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0228%	4h	311.40	+0.055%	$3.1M	$8.0M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.78	+0.177%	$100K	$370K	5x	as long as short
Bulk TAO-USD	+0.0253%	1h	311.89	+0.212%	$166K	$333	10x	as long as short
BingX TAO-USDTshort	+0.0304%	4h	311.43	+0.064%	—	$33.8M	—
Nado TAO-PERP	+0.0307%	1h	311.28	+0.015%	$774K	$2.2M	10x	as long as short
Bybit TAOUSDT	+0.0310%	4h	311.39	+0.051%	$67.3M	$151.0M	50x	as long as short
Extended TAO-USD	+0.0312%	1h	311.60	+0.120%	$906K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.24	+0.003%	$4.5M	$10.7M	100x	as long as short
Variational Omni TAO	+0.0350%	4h	311.27	+0.013%	$5.5M	$10.1M	—	as long as short
Phoenix TAO	+0.0457%	1h	312.40	+0.376%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0465%	1h	311.24	+0.003%	$91.2M	$108.2M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0481%	1h	311.56	+0.106%	$309K	$885K	10x	as long as short
01 Exchange TAOUSD	+0.0504%	1h	311.45	+0.071%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0570%	1h	311.31	+0.027%	$12K	$1.8M	25x	as long as short
Lighter TAO	+0.0592%	1h	311.49	+0.082%	$1.5M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.23	−0.001%	$358	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.63	+0.127%	$442K	$648K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.02	+0.254%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.73	+1.446%	$23K	$2K	12x	as long as short