Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Gate+0.103%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$430.431% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.040%+$4 on $10k

Price spread, last 7 days−0.116%−$12 · spread now +0.103%, 7d avg +0.013%

Together, before fees−0.077%−$8 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 0.090% dearer against Gate than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	310.60	0.0100	pay 0.0050% / 4h	3h 23m	$13.2M	$50.1M	50x
Short	BingX TAO-USDT	310.92	0.0100	get 0.0050% / 4h	3h 23m	—	$33.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Gate. 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 GatebpFee BingXbpOrdersPrice spread, now +0.103%Rate

Funding earned: $0
Price spread: +0.103% → +0.013%: $9.04
Slippage, 4 orders: −$18.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$34.04
Costs to cover: 0.431%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; BingX: live order book, 15 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 Gate live order book, 6 min ago	1.60 bp	12.3 bp −$12	26.1 bp −$261	51.1 bp −$5,113	87.3 bp −$43.6K
Sell BingX live order book, 15 min ago	0.64 bp	7.2 bp −$7	11.2 bp −$112	25.3 bp −$2,534	54.1 bp −$27.1K

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	310.85	+0.079%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.72	+0.038%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0013%	1h	310.54	−0.018%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	310.86	+0.084%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	310.60	0.000%	$2K	$843K	5x	as long as short
Pacifica TAO	+0.0100%	1h	310.97	+0.120%	$354K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.01	+0.132%	$89.1M	$500.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.11	+0.164%	$67.0M	$150.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.00	+0.129%	$25.9M	$120.3M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	310.60	long leg	$13.2M	$50.1M	50x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	310.84	+0.077%	$101.9M	$145.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	310.79	+0.061%	$17.7M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.61	+0.003%	$34.8M	$56.5M	50x	as long as short
BingX TAO-USDTshort	+0.0100%	4h	310.92	+0.103%	—	$33.5M	—
edgeX TAOUSDC	+0.0100%	4h	311.00	+0.130%	$41K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	310.69	+0.031%	$528K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	310.75	+0.048%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	310.70	+0.032%	$79K	$900K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	310.98	+0.122%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	310.77	+0.055%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.34	−0.084%	$109K	$541K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.97	+0.119%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0106%	4h	310.75	+0.048%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	310.86	+0.084%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0137% / S +0.0135%	1h	310.71	+0.037%	$412K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0141%	8h	310.89	+0.095%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0206%	4h	310.93	+0.106%	$3.2M	$8.0M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.12	+0.167%	$101K	$394K	5x	as long as short
Variational Omni TAO	+0.0294%	4h	311.14	+0.173%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0312%	1h	310.89	+0.094%	$904K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.10	+0.161%	$4.5M	$10.7M	100x	as long as short
Nado TAO-PERP	+0.0353%	1h	310.71	+0.036%	$783K	$2.2M	10x	as long as short
Phoenix TAO	+0.0457%	1h	311.10	+0.161%	$310K	$711K	5x	as long as short
Hyperliquid TAO	+0.0461%	1h	311.06	+0.148%	$91.4M	$107.7M	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	311.02	+0.135%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0490%	1h	310.59	−0.003%	$309K	$885K	10x	as long as short
Lighter TAO	+0.0576%	1h	311.21	+0.196%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0646%	1h	311.01	+0.131%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	310.85	+0.079%	$357	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	310.88	+0.090%	$442K	$655K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	+0.104%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.31	+0.229%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+1.494%	$23K	$2K	12x	as long as short