TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0620%/8h= −67.9% APRnext payment −$3.10 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX−0.203%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$320.322% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 7 days+0.215%+$21 · spread now −0.203%, 7d avg +0.006%

Together, before fees+0.132%+$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Binance is 0.208% cheaper against BingX than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.006%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.083% in total (about -4.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.10 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	315.60	0.0720	pay 0.0360% / 4h	1h 58m	—	$30.3M	—
Short	Binance TAOUSDT	314.96	0.0100	get 0.0050% / 4h	1h 58m	$91.0M	$466.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.203%Rate

Funding earned: −$130.2
Price spread: −0.203% → +0.006%: −$20.83
Slippage, 4 orders: −$12.21
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$183.24
Costs to cover: 0.322%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; Binance: live order book, 16 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, 11 min ago	0.95 bp	7.9 bp −$8	12.2 bp −$122	21.1 bp −$2,108	50.1 bp −$25.0K
Sell Binance live order book, 16 min ago	0.16 bp	9.4 bp −$9	15.8 bp −$158	36.0 bp −$3,603	doesn't fit

TAO on 42 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	−0.0185%	1h	315.28	−0.101%	$167K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.29	+0.219%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.23	−0.118%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.79	+0.060%	$45K	$643K	20x	as long as short
Binance TAOUSDTshort	+0.0100%	4h	314.96	−0.203%	$91.0M	$466.3M	75x
OKX TAO-USDT-SWAP	+0.0100%	8h	314.70	−0.285%	$26.1M	$113.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.30	−0.095%	$12.9M	$48.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.57	−0.010%	$103.4M	$137.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.54	−0.019%	$17.9M	$30.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.93	−0.212%	$35.2M	$53.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.02	+0.449%	$36K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.87	+0.086%	$75K	$721K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.35	−0.079%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.44	−0.051%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.75	−0.269%	$129K	$474K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.74	−0.272%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.48	−0.038%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	315.66	+0.019%	$1K	$728K	5x	as long as short
ApeX Omni TAOUSDT	+0.0164%	1h	316.78	+0.374%	$47K	$252K	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0165% / S +0.0104%	1h	315.19	−0.131%	$428K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0198%	4h	317.41	+0.574%	$528K	$957K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0249%	1h	315.04	−0.179%	$5.6M	$20.5M	50x	as long as short
Aster TAOUSDT	+0.0281%	4h	315.51	−0.029%	$1.2M	$9.3M	50x	as long as short
Bullet TAO-USD	+0.0332%	1h	315.61	+0.003%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0350%	8h	316.35	+0.238%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0368%	1h	315.23	−0.117%	$14K	$1.6M	25x	as long as short
Pacifica TAO	+0.0448%	1h	316.00	+0.127%	$373K	$393K	10x	as long as short
Arcus TAO-USD	+0.0509%	1h	316.03	+0.136%	$100K	$489K	5x	as long as short
Phoenix TAO	+0.0588%	1h	318.30	+0.856%	$334K	$672K	5x	as long as short
01 Exchange TAOUSD	+0.0616%	1h	315.97	+0.117%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0686%	1h	317.36	+0.558%	$321K	$805K	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.62	+0.007%	$363	—	20x	as long as short
BingX TAO-USDTlong	+0.0720%	4h	315.60	long leg	—	$30.3M	—
Bybit TAOUSDT	+0.0722%	4h	314.83	−0.244%	$66.8M	$138.1M	50x	as long as short
Variational Omni TAO	+0.0848%	4h	316.96	+0.431%	$6.1M	$9.5M	—	as long as short
Extended TAO-USD	+0.0888%	1h	315.23	−0.116%	$896K	$2.3M	25x	as long as short
Nado TAO-PERP	+0.0904%	1h	315.69	+0.029%	$756K	$2.1M	10x	as long as short
Lighter TAO	+0.0928%	1h	315.59	−0.003%	$1.6M	$6.1M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.13	+0.485%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	315.79	+0.061%	$446K	$626K	5x	as long as short
Hyperliquid TAO	+0.1276%	1h	316.08	+0.152%	$99.5M	$97.4M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	320.94	+1.692%	$23K	$2K	12x	as long as short