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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 09:00 UTC−0.0274%/8h= −30.0% APRpaid last 24h −0.007%
Price spread now: Aevo against BingX−0.039%7-day average +0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$156as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1551.547% of the position
Long on BingXShort on Aevo
What this pair did over the last
the charts below follow
Funding, last 7 days−0.015%−$2 on $10k
Price spread, last 4 days (all we have)+0.081%+$8 · spread now −0.039%, 7d avg +0.043%
Together, before fees+0.065%+$7 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Aevo is 0.082% cheaper against BingX than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.043%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.015% 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
LongBingX TAO-USDT313.440.0386pay 0.0193% / 4h3h 29m—$38.5M—
ShortAevo TAO-PERP313.320.0112get 0.0014% / 1h29m 10s$172K$9983x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo 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

Funding earned
−$57.54
Price spread: −0.039% → +0.043%
−$8.19
Slippage, 4 orders
−$128.72
Fee BingX: 5 bp × 2 orders
−$10
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$220.44
Costs to cover
1.547%
Break-even
never at this rate
Slippage from BingX: live order book, 10 min ago; Aevo: live order book, 70 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 BingX live order book, 10 min ago0.63 bp6.7 bp −$710.7 bp −$10728.2 bp −$2,81785.5 bp −$42.8K
Sell Aevo live order book, 70 min ago53.11 bp78.3 bp −$78doesn't fitdoesn't fitdoesn't fit

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
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0003%1h313.12−0.101%$19K—150xas long as short
Popdex TAOUSDT+0.0096%1h313.51+0.022%$49K$699K20xas long as short
Katana Perps TAO-USD+0.0099%8h313.31−0.041%$2K$1.2M5xas long as short
OKX TAO-USDT-SWAP+0.0100%8h313.50+0.019%$26.1M$128.7M50xas long as short
Gate TAO_USDT+0.0100%4h313.20−0.077%$14.9M$49.7M50xas long as short
KuCoin TAOUSDTM+0.0100%4h313.47+0.010%$17.4M$32.3M75xas long as short
Bitget TAOUSDT+0.0100%4h313.39−0.016%$35.3M$57.2M50xas long as short
GRVT TAO_USDT_Perp+0.0100%4h312.50−0.299%$535K$833K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h312.73−0.227%$45K$255K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h313.20−0.077%$86K$1.1M5xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDT+0.0100%4h313.25−0.061%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h313.06−0.121%$115K$588K20xas long as short
Phemex TAOUSDT+0.0100%4h313.29−0.048%$3.1M$8.1M50xas long as short
Aevo TAO-PERPshort+0.0112%1h313.32−0.039%$172K$9983x
Bulk TAO-USD+0.0125%1h316.13+0.858%$168K$010xas long as short
MEXC TAO_USDT+0.0128%4h313.61+0.054%$105.3M$152.4M300xas long as short
Binance TAOUSDT+0.0128%4h313.58+0.045%$91.3M$525.8M75xas long as short
Bybit TAOUSDT+0.0135%4h313.57+0.041%$68.4M$155.2M50xas long as short
edgeX TAOUSDC+0.0140%4h312.92−0.167%$41K$322K10xas long as short
dYdX TAO-USD+0.0199%1h313.23−0.067%$126K$86K5xas long as short
Orderly PERP_TAO_USDC+0.0215%4h313.34−0.032%$53K$298K10xas long as short
Paradex TAO-USD-PERP+0.0233%8h313.49+0.014%$14K$87610xas long as short
Bullet TAO-USD+0.0236%1h313.53+0.028%$12K$17K20xas long as short
Aster TAOUSDT+0.0296%4h313.37−0.024%$1.2M$11.2M50xas long as short
Extended TAO-USD+0.0336%1h313.34−0.031%$887K$2.3M25xas long as short
Pacifica TAO+0.0349%1h313.49+0.016%$361K$445K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0359% / S −0.0107%1h312.75−0.221%$367K—100xas long as short
BloFin TAO-USDT+0.0368%4h313.54+0.032%$4.8M$10.7M100xas long as short
BingX TAO-USDTlong+0.0386%4h313.44long leg—$38.5M—
Arcus TAO-USD+0.0404%1h313.70+0.083%$99K$362K5xas long as short
Hyperliquid TAO+0.0480%1h313.72+0.089%$92.0M$109.2M5xas long as short
Nado TAO-PERP+0.0490%1h313.46+0.006%$753K$2.0M10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0567%1h313.40−0.013%$11K$1.9M25xas long as short
Phoenix TAO+0.0578%1h313.60+0.051%$315K$714K5xas long as short
01 Exchange TAOUSD+0.0584%1h313.59+0.048%$3K$4K5xas long as short
Variational Omni TAO+0.0593%4h312.65−0.251%$5.5M$10.1M—as long as short
Lighter TAO+0.0624%1h313.61+0.055%$1.6M$6.6M5xas long as short
Backpack TAO_USDC_PERP+0.0666%1h313.66+0.070%$309K$1.0M10xas long as short
Reya TAORUSDPERP+0.0698%1h312.96−0.154%$360—20xas long as short
Kraken Futures PF_TAOUSD+0.0794%1h313.52+0.027%$6.0M$21.3M50xas long as short
RISEx TAO/USDC+0.0840%1h313.41−0.010%$438K$686K5xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h313.75+0.099%$1.1M$7.2M50xas long as short
Injective TAO/USDC PERP+0.3512%1h318.23+1.528%$23K$2K12xas long as short