TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0030%/8h= −3.2% APRnext payment −$0.15 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against BingX−0.009%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs+$5as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$340.340% of the position

Long on BingX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.390%+$39 on $10k

Price spread, last 4 days (all we have)+0.021%+$2 · spread now −0.009%, 7d avg +0.023%

Together, before fees+0.411%+$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and BloFin is 0.033% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.023%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.390%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	322.01	0.0394	pay 0.0197% / 4h	2h 06m	—	$33.9M	—
Short	BloFin TAO-USDT	321.98	0.0364	get 0.0182% / 4h	2h 06m	$4.6M	$11.1M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against BingX. 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 BingXbpFee BloFinbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$6.22
Price spread: −0.009% → +0.023%: −$3.26
Slippage, 4 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$43.48
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; BloFin: live order book, 2 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 BingX live order book, 2 min ago	0.78 bp	5.8 bp −$6	13.2 bp −$132	31.2 bp −$3,116	82.5 bp −$41.3K
Sell BloFin live order book, 2 min ago	1.09 bp	11.8 bp −$12	17.6 bp −$176	32.1 bp −$3,211	doesn't fit

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	−0.1195%	1h	319.01	−0.931%	$169K	$333	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	321.63	−0.119%	$21K	—	150x	as long as short
dYdX TAO-USD	+0.0029%	1h	321.54	−0.145%	$128K	$85K	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.20	+0.059%	$26.8M	$127.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	321.70	−0.096%	$14.4M	$51.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	321.80	−0.065%	$17.7M	$31.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.25	+0.075%	$36.4M	$57.4M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.32	+0.096%	$79K	$958K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	321.62	−0.121%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	321.66	−0.109%	$117K	$564K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	321.66	−0.109%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	321.98	−0.009%	$659	$952K	5x	as long as short
edgeX TAOUSDC	+0.0110%	4h	319.26	−0.855%	$42K	$315K	10x	as long as short
Aevo TAO-PERP	+0.0112%	1h	322.16	+0.045%	$177K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0119%	4h	321.95	−0.019%	$53K	$291K	10x	as long as short
Popdex TAOUSDT	+0.0120%	1h	322.18	+0.053%	$49K	$679K	20x	as long as short
MEXC TAO_USDT	+0.0124%	4h	322.00	−0.003%	$103.2M	$148.6M	300x	as long as short
Binance TAOUSDT	+0.0124%	4h	322.11	+0.030%	$93.1M	$515.4M	75x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0126% / S +0.0142%	1h	321.62	−0.121%	$432K	—	100x	as long as short
Pacifica TAO	+0.0233%	1h	322.02	+0.003%	$366K	$421K	10x	as long as short
Aster TAOUSDT	+0.0283%	4h	322.04	+0.009%	$1.3M	$10.8M	50x	as long as short
Nado TAO-PERP	+0.0291%	1h	322.50	+0.153%	$816K	$2.2M	10x	as long as short
Paradex TAO-USD-PERP	+0.0295%	8h	322.06	+0.017%	$15K	$1K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0296%	1h	322.35	+0.105%	$6.1M	$21.5M	50x	as long as short
Bullet TAO-USD	+0.0324%	1h	322.04	+0.008%	$12K	$17K	20x	as long as short
BloFin TAO-USDTshort	+0.0364%	4h	321.98	−0.009%	$4.6M	$11.1M	100x
BingX TAO-USDTlong	+0.0394%	4h	322.01	long leg	—	$33.9M	—
GRVT TAO_USDT_Perp	+0.0440%	4h	319.60	−0.749%	$545K	$948K	10x	as long as short
Bybit TAOUSDT	+0.0460%	4h	322.36	+0.109%	$70.8M	$154.0M	50x	as long as short
Arcus TAO-USD	+0.0483%	1h	322.26	+0.078%	$110K	$364K	5x	as long as short
Variational Omni TAO	+0.0485%	4h	319.46	−0.792%	$5.6M	$10.1M	—	as long as short
ApeX Omni TAOUSDT	+0.0487%	1h	319.47	−0.789%	$47K	$257K	50x	as long as short
Extended TAO-USD	+0.0504%	1h	321.92	−0.028%	$916K	$2.4M	25x	as long as short
Phoenix TAO	+0.0513%	1h	320.60	−0.438%	$319K	$713K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	322.47	+0.144%	$371	—	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0759%	1h	322.07	+0.018%	$15K	$1.8M	25x	as long as short
Lighter TAO	+0.0808%	1h	322.20	+0.059%	$1.5M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0808%	1h	322.75	+0.230%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0814%	1h	322.15	+0.043%	$94.8M	$109.3M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0844%	1h	322.12	+0.034%	$319K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	322.27	+0.081%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	322.05	+0.013%	$463K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	323.62	+0.500%	$24K	$2K	12x	as long as short