Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0126%/8h= −13.8% APRpaid last 24h −0.085%

Price spread now: BingX against 01 Exchange+0.009%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	319.93	0.0768	pay 0.0096% / 1h	40m 51s	$3K	$4K	5x
Short	BingX TAO-USDT	319.96	0.0642	get 0.0321% / 4h	1h 40m	—	$30.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against 01 Exchange. 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 01 ExchangebpFee BingXbpOrdersPrice spread, now +0.009%Rate

Funding earned: −$26.46
Price spread: +0.009% → 0.000%: $0.94
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$42.52
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: 01 Exchange: 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 01 Exchange 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

01 Exchange: 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	−1.075%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	318.47	−0.456%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.92	−0.004%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.40	−0.166%	$44K	$654K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	320.13	+0.063%	$92.7M	$471.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.00	+0.022%	$26.4M	$116.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.70	−0.072%	$13.1M	$49.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	320.01	+0.025%	$106.8M	$139.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.98	+0.016%	$18.1M	$30.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.74	−0.059%	$35.7M	$53.8M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	318.60	−0.417%	$36K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.32	+0.122%	$74K	$764K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	320.11	+0.056%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.90	−0.009%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.98	+0.016%	$130K	$478K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	319.93	0.000%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	319.98	+0.014%	$176K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0115%	8h	319.23	−0.219%	$1K	$753K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0163% / S +0.0106%	1h	320.08	+0.048%	$435K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0224%	4h	318.95	−0.306%	$526K	$955K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0245%	1h	319.88	−0.016%	$5.6M	$20.5M	50x	as long as short
Bullet TAO-USD	+0.0289%	1h	320.50	+0.178%	$12K	$18K	20x	as long as short
Aster TAOUSDT	+0.0322%	4h	320.00	+0.022%	$1.2M	$9.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0329%	8h	319.17	−0.237%	$14K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	320.59	+0.206%	$4.5M	$10.7M	100x	as long as short
Pacifica TAO	+0.0448%	1h	318.99	−0.295%	$376K	$396K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0453%	1h	319.86	−0.022%	$17K	$1.6M	25x	as long as short
Phoenix TAO	+0.0504%	1h	318.90	−0.322%	$333K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	319.69	−0.075%	$101K	$489K	5x	as long as short
Nado TAO-PERP	+0.0536%	1h	320.35	+0.130%	$773K	$2.1M	10x	as long as short
BingX TAO-USDTshort	+0.0642%	4h	319.96	+0.009%	—	$30.3M	—
Bybit TAOUSDT	+0.0658%	4h	320.06	+0.041%	$68.2M	$139.9M	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	320.45	+0.162%	$369	—	20x	as long as short
01 Exchange TAOUSDlong	+0.0768%	1h	319.93	long leg	$3K	$4K	5x
Variational Omni TAO	+0.0878%	4h	320.22	+0.090%	$5.9M	$9.7M	—	as long as short
ApeX Omni TAOUSDT	+0.0883%	1h	318.78	−0.359%	$47K	$253K	50x	as long as short
Extended TAO-USD	+0.0920%	1h	319.94	+0.002%	$937K	$2.3M	25x	as long as short
Lighter TAO	+0.0960%	1h	320.21	+0.089%	$1.6M	$6.3M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0981%	1h	320.10	+0.053%	$440K	$860K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	320.00	+0.022%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	319.44	−0.153%	$453K	$627K	5x	as long as short
Hyperliquid TAO	+0.1392%	1h	320.08	+0.047%	$100.5M	$98.8M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	319.69	−0.075%	$23K	$2K	12x	as long as short