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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: BingX against Pacifica+0.160%47s7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$340.343% of the position
Long on PacificaShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.004%$0 on $10k
Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.160%, 7d avg −0.010%
Together, before fees0.000%+ Points / potential airdropPacifica: Active · farm board$0 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 0.171% dearer against Pacifica than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of −0.010%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica TAO305.600.0100pay 0.0013% / 1h35m 48s$361K$400K10x
ShortBingX TAO-USDT306.090.0100get 0.0050% / 4h2h 35m—$30.4M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Pacifica. 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

Funding earned
$0
Price spread: +0.160% → −0.010%
$17.07
Slippage, 4 orders
−$16.28
Fee Pacifica: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$17.2
Costs to cover
0.343%
Break-even
never at this rate
Slippage from Pacifica: live order book, 52 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
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 52 min ago2.40 bp10.1 bp −$10doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 8 min ago0.82 bp7.0 bp −$710.6 bp −$10624.4 bp −$2,43957.9 bp −$29.0K

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h305.49−0.036%$128K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h305.67+0.024%$19K—150xas long as short
Popdex TAOUSDT+0.0096%1h305.57−0.010%$41K$526K20xas long as short
Pacifica TAOlong+0.0100%1h305.60long leg$361K$400K10x
Binance TAOUSDT+0.0100%4h306.07+0.153%$85.8M$401.6M75xas long as short
Bybit TAOUSDT+0.0100%4h306.47+0.285%$59.0M$117.4M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h306.40+0.262%$25.0M$92.3M50xas long as short
Arcus TAO-USD+0.0100%1h305.84+0.079%$137K$593K5xas long as short
Gate TAO_USDT+0.0100%4h305.80+0.065%$12.1M$47.7M50xas long as short
MEXC TAO_USDT+0.0100%4h305.98+0.124%$112.8M$122.5M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h305.97+0.121%$18.4M$26.4M75xas long as short
Bitget TAOUSDT+0.0100%4h306.44+0.275%$34.4M$44.4M50xas long as short
BingX TAO-USDTshort+0.0100%4h306.09+0.160%—$30.4M—
Variational Omni TAO+0.0100%4h306.23+0.207%$3.6M$6.7M—as long as short
edgeX TAOUSDC+0.0100%4h305.09−0.168%$39K$276K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h305.96+0.117%$536K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h305.81+0.069%$46K$267K50xas long as short
Bullet TAO-USD+0.0100%1h305.91+0.101%$12K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h305.75+0.049%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h305.42−0.059%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h306.21+0.200%$120K$352K20xas long as short
Phemex TAOUSDT+0.0100%4h305.79+0.062%$3.2M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h305.75+0.050%$168K$9983xas long as short
Katana Perps TAO-USD+0.0113%8h305.57−0.010%$875$426K5xas long as short
Polymarket Perps TAO-USD+0.0114%1h305.84+0.079%$85K$669K5xas long as short
Aster TAOUSDT+0.0137%4h306.07+0.154%$1.1M$7.5M50xas long as short
Paradex TAO-USD-PERP+0.0166%8h305.51−0.028%$14K$99210xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h305.69+0.030%$436K—100xas long as short
Phoenix TAO+0.0234%1h306.20+0.196%$324K$462K5xas long as short
Nado TAO-PERP+0.0258%1h305.53−0.024%$847K$1.9M10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0260%1h305.91+0.102%$13K$1.3M25xas long as short
BloFin TAO-USDT+0.0340%4h306.41+0.265%$4.3M$9.4M100xas long as short
01 Exchange TAOUSD+0.0504%1h305.99+0.128%$3K$4K5xas long as short
Bulk TAO-USD+0.0668%1h304.81−0.259%$200K$57K10xas long as short
Extended TAO-USD+0.0680%1h305.95+0.114%$872K$1.9M25xas long as short
Reya TAORUSDPERP+0.0694%1h305.69+0.030%$352—20xas long as short
Lighter TAO+0.0840%1h306.32+0.235%$1.6M$4.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h306.23+0.206%$1.5M$5.3M50xas long as short
Kraken Futures PF_TAOUSD+0.1030%1h306.05+0.146%$6.3M$19.5M50xas long as short
RISEx TAO/USDC+0.1053%1h305.75+0.047%$411K$536K5xas long as short
Backpack TAO_USDC_PERP+0.1268%1h306.34+0.242%$469K$683K10xas long as short
Hyperliquid TAO+0.1646%1h306.63+0.337%$93.2M$75.5M5xas long as short
Injective TAO/USDC PERP+0.4876%1h308.62+0.988%$22K$13812xas long as short