Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Funding arb · Price arb /

TAO

all TAO markets
SwapBacktest
Alert: funding
Measured
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 01:00 UTC+0.0227%/8h= +24.8% APRpaid last 24h −0.001%
Price spread now: BingX against Arcus−0.022%7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$430.427% of the position
Long on ArcusShort on BingX
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.008%−$1 on $10k
Price spread, last 4 days (all we have)−0.045%−$4 · spread now −0.022%, 7d avg −0.077%
Together, before fees−0.053%−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BingX is 0.055% dearer against Arcus than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.077%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.008% in total (about -0.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongArcus TAO-USD318.390.0201pay 0.0025% / 1h28m 34s$84K$550K5x
ShortBingX TAO-USDT318.320.0428get 0.0214% / 4h3h 28m—$30.7M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Arcus. 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
$47.6
Price spread: −0.022% → −0.077%
$5.45
Slippage, 4 orders
−$28.17
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Fee BingX: 5 bp × 2 orders
−$10
Net
$10.38
Costs to cover
0.427%
Break-even
5.5 days
Slippage from Arcus: live order book, 45 min ago; BingX: live order book, 10 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 Arcus live order book, 45 min ago8.66 bp11.4 bp −$1121.4 bp −$214doesn't fitdoesn't fit
Sell BingX live order book, 10 min ago1.42 bp9.3 bp −$914.9 bp −$14926.8 bp −$2,68155.1 bp −$27.5K

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
Bulk TAO-USD−0.1321%1h318.22−0.053%$169K$44K10xas long as short
dYdX TAO-USD0.0000%1h318.00−0.122%$127K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h317.14−0.394%$21K—150xas long as short
Popdex TAOUSDT+0.0096%1h318.00−0.122%$43K$591K20xas long as short
Binance TAOUSDT+0.0100%4h317.81−0.182%$91.3M$447.5M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h317.70−0.217%$26.1M$108.4M50xas long as short
Gate TAO_USDT+0.0100%4h317.90−0.154%$12.9M$50.7M50xas long as short
MEXC TAO_USDT+0.0100%4h318.19−0.063%$108.4M$134.8M300xas long as short
KuCoin TAOUSDTM+0.0100%4h318.33−0.019%$18.2M$29.2M75xas long as short
Bitget TAOUSDT+0.0100%4h317.52−0.273%$35.4M$50.7M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h318.26−0.042%$40K$294K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h318.49+0.032%$527K$969K10xas long as short
Orderly PERP_TAO_USDC+0.0100%4h317.32−0.336%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h317.24−0.361%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h317.52−0.273%$127K$424K20xas long as short
Phemex TAOUSDT+0.0100%4h317.45−0.295%$3.4M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h317.49−0.282%$174K$9983xas long as short
Katana Perps TAO-USD+0.0112%8h318.24−0.047%$1K$625K5xas long as short
Bullet TAO-USD+0.0136%1h317.45−0.295%$12K$17K20xas long as short
Deribit TAO_USDC-PERPETUAL+0.0137%1h317.25−0.358%$17K$1.5M25xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0173% / S +0.0093%1h317.09−0.409%$456K—100xas long as short
Pacifica TAO+0.0185%1h318.38−0.003%$377K$376K10xas long as short
Arcus TAO-USDlong+0.0201%1h318.39long leg$84K$550K5x
Aster TAOUSDT+0.0221%4h318.16−0.074%$1.1M$8.5M50xas long as short
Paradex TAO-USD-PERP+0.0237%8h318.30−0.029%$14K$1K10xas long as short
Polymarket Perps TAO-USD+0.0306%1h317.86−0.166%$93K$636K5xas long as short
BloFin TAO-USDT+0.0340%4h317.25−0.358%$4.5M$10.8M100xas long as short
BingX TAO-USDTshort+0.0428%4h318.32−0.022%—$30.7M—
Variational Omni TAO+0.0436%4h318.35−0.014%$5.5M$8.7M—as long as short
Bybit TAOUSDT+0.0450%4h318.01−0.119%$65.5M$132.9M50xas long as short
Kraken Futures PF_TAOUSD+0.0483%1h317.57−0.259%$5.7M$20.3M50xas long as short
Phoenix TAO+0.0525%1h320.00+0.506%$335K$624K5xas long as short
ApeX Omni TAOUSDT+0.0552%1h320.00+0.506%$48K$266K50xas long as short
Injective TAO/USDC PERP+0.0571%1h322.97+1.438%$23K$67812xas long as short
01 Exchange TAOUSD+0.0616%1h318.14−0.079%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0695%1h317.72−0.212%$365—20xas long as short
Nado TAO-PERP+0.0783%1h317.74−0.203%$883K$2.0M10xas long as short
Backpack TAO_USDC_PERP+0.0859%1h317.75−0.201%$321K$819K10xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h318.71+0.101%$1.5M$6.3M50xas long as short
RISEx TAO/USDC+0.1141%1h318.14−0.080%$423K$600K5xas long as short
Extended TAO-USD+0.1152%1h318.30−0.028%$927K$2.3M25xas long as short
Lighter TAO+0.1368%1h318.74+0.109%$1.7M$6.0M5xas long as short
Hyperliquid TAO+0.2141%1h318.79+0.126%$102.7M$91.1M5xas long as short