Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Bullet against BingX−0.016%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	310.75	0.0100	pay 0.0050% / 4h	3h 22m	—	$33.8M	—
Short	Bullet TAO-USD	310.70	0.0100	get 0.0013% / 1h	22m 06s	$11K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → 0.000%: −$1.61
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$19.61
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 2 min ago; Bullet: no order-book sample. Net counts fees only.

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	0.48 bp	6.1 bp −$6	10.9 bp −$109	22.2 bp −$2,217	47.4 bp −$23.7K
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	310.70	−0.018%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.44	−0.100%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0013%	1h	310.54	−0.066%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	310.46	−0.093%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	310.14	−0.196%	$2K	$842K	5x	as long as short
Pacifica TAO	+0.0100%	1h	310.76	+0.003%	$354K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	310.65	−0.032%	$89.0M	$500.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	310.73	−0.006%	$66.9M	$150.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	310.60	−0.048%	$25.9M	$120.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.50	−0.080%	$13.2M	$50.2M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	310.83	+0.026%	$101.9M	$145.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	310.53	−0.071%	$17.7M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.31	−0.142%	$34.8M	$56.5M	50x	as long as short
BingX TAO-USDTlong	+0.0100%	4h	310.75	long leg	—	$33.8M	—
edgeX TAOUSDC	+0.0100%	4h	311.00	+0.082%	$41K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	310.69	−0.018%	$528K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	310.75	0.000%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	310.40	−0.113%	$79K	$900K	5x	as long as short
Bullet TAO-USDshort	+0.0100%	1h	310.70	−0.016%	$11K	$18K	20x
SunX TAO-USDT	+0.0100%	4h	310.51	−0.077%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.32	−0.138%	$109K	$541K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.80	+0.018%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0104%	4h	310.72	−0.010%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0116%	4h	310.59	−0.051%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0137% / S +0.0135%	1h	310.40	−0.113%	$412K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0142%	8h	310.57	−0.057%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0212%	4h	310.86	+0.035%	$3.1M	$8.0M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	310.81	+0.019%	$101K	$394K	5x	as long as short
Variational Omni TAO	+0.0294%	4h	311.14	+0.125%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0304%	1h	310.61	−0.044%	$904K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.10	+0.113%	$4.5M	$10.7M	100x	as long as short
Nado TAO-PERP	+0.0357%	1h	310.74	−0.004%	$783K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0456%	1h	310.92	+0.055%	$91.3M	$107.7M	5x	as long as short
Phoenix TAO	+0.0457%	1h	311.10	+0.113%	$310K	$711K	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	310.49	−0.084%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0489%	1h	310.83	+0.026%	$309K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0527%	1h	310.73	−0.006%	$15K	$1.8M	25x	as long as short
Lighter TAO	+0.0576%	1h	311.09	+0.109%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	310.56	−0.062%	$357	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	310.43	−0.105%	$441K	$655K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	+0.055%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.23	+0.154%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+1.445%	$23K	$2K	12x	as long as short