TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0114%/8h= −12.5% APRnext payment −$0.57 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against BingX−0.022%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$200.197% of the position

Long on BingX Short on MEXC

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+0.031%+$3 · spread now −0.022%, 7d avg +0.003%

Together, before fees−0.037%−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and MEXC is 0.025% cheaper against BingX than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of +0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	320.69	0.0316	pay 0.0158% / 4h	1h 16m	—	$34.9M	—
Short	MEXC TAO_USDT	320.62	0.0202	get 0.0101% / 4h	1h 16m	$107.0M	$151.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$23.94
Price spread: −0.022% → +0.003%: −$2.49
Slippage, 4 orders: −$9.65
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$46.08
Costs to cover: 0.197%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; MEXC: live order book, 3 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, 7 min ago	1.24 bp	7.5 bp −$7	11.8 bp −$118	29.6 bp −$2,961	95.3 bp −$47.7K
Sell MEXC live order book, 3 min ago	0.78 bp	2.7 bp −$3	7.9 bp −$79	27.5 bp −$2,750	119.2 bp −$59.6K

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	−0.2264%	1h	322.24	+0.484%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	320.50	−0.061%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	320.52	−0.053%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.57	−0.037%	$44K	$705K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.50	−0.059%	$26.9M	$130.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.50	−0.059%	$14.4M	$52.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.58	−0.034%	$18.0M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.44	−0.078%	$36.0M	$58.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	322.46	+0.552%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.48	−0.065%	$85K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	320.65	−0.012%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.45	−0.075%	$117K	$598K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	320.48	−0.065%	$1K	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0115% / S +0.0151%	1h	320.53	−0.051%	$428K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0126%	4h	320.66	−0.009%	$53K	$293K	10x	as long as short
Aevo TAO-PERP	+0.0136%	1h	320.71	+0.008%	$176K	$998	3x	as long as short
Binance TAOUSDT	+0.0197%	4h	320.56	−0.041%	$93.1M	$527.8M	75x	as long as short
MEXC TAO_USDTshort	+0.0202%	4h	320.62	−0.022%	$107.0M	$151.1M	300x
edgeX TAOUSDC	+0.0208%	4h	321.96	+0.397%	$43K	$318K	10x	as long as short
Paradex TAO-USD-PERP	+0.0271%	8h	320.75	+0.018%	$15K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0305%	4h	320.59	−0.031%	$70.4M	$155.9M	50x	as long as short
BingX TAO-USDTlong	+0.0316%	4h	320.69	long leg	—	$34.9M	—
Deribit TAO_USDC-PERPETUAL	+0.0345%	1h	320.57	−0.038%	$15K	$2.0M	25x	as long as short
Bullet TAO-USD	+0.0353%	1h	320.61	−0.025%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0363%	4h	320.63	−0.018%	$1.3M	$10.9M	50x	as long as short
Phemex TAOUSDT	+0.0367%	4h	320.85	+0.050%	$3.3M	$8.1M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0418%	4h	321.37	+0.211%	$545K	$937K	10x	as long as short
Extended TAO-USD	+0.0432%	1h	320.49	−0.062%	$913K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0443%	4h	320.92	+0.072%	$4.7M	$11.1M	100x	as long as short
Nado TAO-PERP	+0.0523%	1h	320.50	−0.058%	$797K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	320.67	−0.007%	$365K	$428K	10x	as long as short
Variational Omni TAO	+0.0526%	4h	322.87	+0.679%	$5.7M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	322.20	+0.471%	$321K	$709K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.85	+0.050%	$103K	$389K	5x	as long as short
Hyperliquid TAO	+0.0647%	1h	320.67	−0.006%	$94.9M	$110.0M	5x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	320.86	+0.053%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	320.74	+0.014%	$369	—	20x	as long as short
Lighter TAO	+0.0712%	1h	320.78	+0.027%	$1.6M	$6.8M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0721%	1h	320.68	−0.003%	$299K	$905K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	322.77	+0.649%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	320.49	−0.062%	$448K	$671K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1151%	1h	320.72	+0.009%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	325.94	+1.637%	$24K	$2K	12x	as long as short