Funding you earn now, next payment 12:00 UTC−0.0272%/8h= −29.8% APRnext payment −$1.36 per $10,000 · paid last 24h −0.012%
Price spread now: Bitget against BingX−0.093%7-day average −0.011% · 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−$46as in the Price arb table
costs, in and out, $10k−$380.379% of the position
Funding, last 7 days−0.022%−$2 on $10k
+Price spread, last 7 days+0.135%+$14 · spread now −0.093%, 7d avg −0.011%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Bitget 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 −0.011%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.022% in total (about -1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.36 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TAO-USDT | 312.36 | 0.0372 | pay 0.0186% / 4h | 50m 17s | — | $37.7M | — |
| Short | Bitget TAOUSDT | 312.07 | 0.0100 | get 0.0050% / 4h | 50m 17s | $35.3M | $54.3M | 50x |
BingX TAO-USDT
Bitget TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$57.12
- Price spread: −0.093% → −0.011%
- −$8.19
- Slippage, 4 orders
- −$15.91
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$103.22
- Costs to cover
- 0.379%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Bitget: live order book, 2 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, 2 min ago | 0.64 bp | 5.9 bp −$6 | 9.9 bp −$99 | 25.8 bp −$2,576 | 62.4 bp −$31.2K |
| Sell Bitget live order book, 2 min ago | 2.40 bp | 13.1 bp −$13 | 19.5 bp −$195 | 26.4 bp −$2,641 | doesn't fit |
TAO on 43 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 312.59 | +0.075% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.84 | +0.154% | $54K | $632K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.30 | −0.019% | $26.7M | $125.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 312.10 | −0.083% | $16.0M | $46.4M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 312.17 | −0.061% | $17.2M | $31.0M | 75x | as long as short |
| Bitget TAOUSDTshort | +0.0100% | 4h | 312.07 | −0.093% | $35.3M | $54.3M | 50x | |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.73 | +0.439% | $45K | $254K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.69 | +0.106% | $68K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.56 | +0.064% | $1K | $1.7M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.03 | −0.106% | $113K | $550K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Katana Perps TAO-USD | +0.0102% | 8h | 312.37 | +0.003% | $2K | $1.3M | 5x | as long as short |
| Extended TAO-USD | +0.0104% | 1h | 312.47 | +0.036% | $922K | $2.1M | 25x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 312.76 | +0.129% | $172K | $998 | 3x | as long as short |
| MEXC TAO_USDT | +0.0166% | 4h | 311.97 | −0.125% | $111.0M | $147.0M | 300x | as long as short |
| Binance TAOUSDT | +0.0167% | 4h | 312.28 | −0.026% | $92.7M | $506.5M | 75x | as long as short |
| edgeX TAOUSDC | +0.0170% | 4h | 313.80 | +0.462% | $41K | $324K | 10x | as long as short |
| Pacifica TAO | +0.0223% | 1h | 312.06 | −0.095% | $369K | $445K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0278% | 4h | 313.81 | +0.465% | $534K | $786K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0281% | 4h | 312.39 | +0.010% | $52K | $262K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0302% | 8h | 312.28 | −0.026% | $14K | $769 | 10x | as long as short |
| Lighter TAO | +0.0312% | 1h | 312.36 | 0.000% | $1.5M | $6.7M | 5x | as long as short |
| Aster TAOUSDT | +0.0347% | 4h | 312.14 | −0.070% | $1.2M | $11.4M | 50x | as long as short |
| Bullet TAO-USD | +0.0363% | 1h | 312.91 | +0.177% | $12K | $16K | 20x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0371% / S −0.0114% | 1h | 312.53 | +0.056% | $376K | — | 100x | as long as short |
| BingX TAO-USDTlong | +0.0372% | 4h | 312.36 | long leg | — | $37.7M | — | |
| Bybit TAOUSDT | +0.0391% | 4h | 312.42 | +0.019% | $69.1M | $154.5M | 50x | as long as short |
| BloFin TAO-USDT | +0.0412% | 4h | 312.14 | −0.070% | $4.9M | $10.4M | 100x | as long as short |
| dYdX TAO-USD | +0.0435% | 1h | 311.68 | −0.218% | $263K | $230K | 5x | as long as short |
| Phemex TAOUSDT | +0.0448% | 4h | 312.44 | +0.026% | $3.1M | $8.3M | 50x | as long as short |
| Nado TAO-PERP | +0.0550% | 1h | 312.60 | +0.078% | $650K | $2.0M | 10x | as long as short |
| Hyperliquid TAO | +0.0585% | 1h | 312.43 | +0.022% | $93.5M | $105.2M | 5x | as long as short |
| Arcus TAO-USD | +0.0587% | 1h | 312.75 | +0.125% | $99K | $284K | 5x | as long as short |
| Variational Omni TAO | +0.0603% | 4h | 312.01 | −0.111% | $6.2M | $10.1M | — | as long as short |
| Phoenix TAO | +0.0636% | 1h | 313.20 | +0.269% | $315K | $701K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0651% | 1h | 312.54 | +0.057% | $24K | $1.9M | 25x | as long as short |
| RISEx TAO/USDC | +0.0694% | 1h | 312.61 | +0.079% | $436K | $663K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 312.78 | +0.134% | $360 | — | 20x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0728% | 1h | 312.55 | +0.061% | $1.1M | $7.4M | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0824% | 1h | 313.02 | +0.211% | $3K | $2K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0865% | 1h | 312.40 | +0.013% | $6.2M | $19.6M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0897% | 1h | 312.49 | +0.042% | $297K | $1.1M | 10x | as long as short |
| Bulk TAO-USD | +0.1436% | 1h | 313.89 | +0.490% | $166K | $662 | 10x | as long as short |
| Injective TAO/USDC PERP | +0.4136% | 1h | 317.23 | +1.559% | $23K | $2K | 12x | as long as short |
Katana Perps TAO-USD
Extended TAO-USD
Aevo TAO-PERP
MEXC TAO_USDT
Binance TAOUSDT
edgeX TAOUSDC
Pacifica TAO
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
Paradex TAO-USD-PERP
Lighter TAO
Aster TAOUSDT
Bullet TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Bybit TAOUSDT
BloFin TAO-USDT
dYdX TAO-USD
Phemex TAOUSDT
Nado TAO-PERP
Hyperliquid TAO
Arcus TAO-USD
Variational Omni TAO
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
RISEx TAO/USDC
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
01 Exchange TAOUSD
Kraken Futures PF_TAOUSD
Backpack TAO_USDC_PERP
Bulk TAO-USD
Injective TAO/USDC PERP