TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.05 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against BingX−0.003%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$310.310% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 7 days+0.016%+$2 · spread now −0.003%, 7d avg +0.018%

Together, before fees+0.004%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.022% cheaper against BingX than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	315.65	0.0328	pay 0.0164% / 4h	3h 38m	—	$37.3M	—
Short	Bybit TAOUSDT	315.64	0.0337	get 0.0169% / 4h	3h 38m	$69.5M	$155.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.003%Rate

Funding earned: $1.91
Price spread: −0.003% → +0.018%: −$2.15
Slippage, 4 orders: −$10.01
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$31.26
Costs to cover: 0.310%
Break-even: 121.7 days

Slippage from BingX: live order book, 16 min ago; Bybit: live order book, 1 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, 16 min ago	0.63 bp	6.2 bp −$6	13.4 bp −$134	34.4 bp −$3,444	101.6 bp −$50.8K
Sell Bybit live order book, 1 min ago	0.16 bp	8.5 bp −$9	18.2 bp −$182	40.3 bp −$4,035	doesn't fit

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	315.15	−0.157%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.41	−0.076%	$49K	$705K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	315.16	−0.155%	$2K	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.50	−0.048%	$26.3M	$130.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.20	−0.143%	$14.8M	$49.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.45	−0.063%	$17.7M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.53	−0.038%	$35.5M	$57.6M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.10	−0.174%	$86K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.23	−0.133%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.07	−0.184%	$115K	$589K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	315.30	−0.111%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	315.48	−0.053%	$173K	$998	3x	as long as short
Bulk TAO-USD	+0.0125%	1h	316.13	+0.152%	$168K	$0	10x	as long as short
Binance TAOUSDT	+0.0146%	4h	315.53	−0.037%	$92.0M	$529.1M	75x	as long as short
MEXC TAO_USDT	+0.0148%	4h	315.60	−0.016%	$104.5M	$151.8M	300x	as long as short
ApeX Omni TAOUSDT	+0.0157%	1h	315.93	+0.089%	$45K	$257K	50x	as long as short
edgeX TAOUSDC	+0.0158%	4h	315.84	+0.059%	$42K	$320K	10x	as long as short
dYdX TAO-USD	+0.0197%	1h	314.85	−0.255%	$127K	$86K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0210%	4h	315.45	−0.063%	$54K	$299K	10x	as long as short
Bullet TAO-USD	+0.0217%	1h	315.52	−0.040%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0220%	4h	316.21	+0.177%	$541K	$877K	10x	as long as short
Paradex TAO-USD-PERP	+0.0237%	8h	314.90	−0.237%	$14K	$876	10x	as long as short
Aster TAOUSDT	+0.0311%	4h	315.41	−0.075%	$1.2M	$11.1M	50x	as long as short
BingX TAO-USDTlong	+0.0328%	4h	315.65	long leg	—	$37.3M	—
Bybit TAOUSDTshort	+0.0337%	4h	315.64	−0.003%	$69.5M	$155.4M	50x
Pacifica TAO	+0.0349%	1h	315.00	−0.205%	$369K	$440K	10x	as long as short
Extended TAO-USD	+0.0360%	1h	315.40	−0.078%	$894K	$2.4M	25x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0361% / S −0.0107%	1h	315.16	−0.154%	$370K	—	100x	as long as short
BloFin TAO-USDT	+0.0390%	4h	315.06	−0.187%	$4.7M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	315.46	−0.060%	$99K	$368K	5x	as long as short
Hyperliquid TAO	+0.0490%	1h	315.91	+0.082%	$93.1M	$108.4M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0501%	1h	315.48	−0.053%	$15K	$1.9M	25x	as long as short
Nado TAO-PERP	+0.0525%	1h	315.45	−0.064%	$767K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	316.20	+0.174%	$318K	$714K	5x	as long as short
Variational Omni TAO	+0.0602%	4h	315.71	+0.020%	$5.6M	$10.1M	—	as long as short
Lighter TAO	+0.0608%	1h	315.69	+0.014%	$1.6M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	315.48	−0.054%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0686%	1h	315.87	+0.070%	$316K	$1.0M	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	315.47	−0.058%	$363	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0789%	1h	315.55	−0.033%	$6.0M	$21.2M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	315.24	−0.131%	$437K	$682K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	315.88	+0.073%	$1.2M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	319.36	+1.175%	$23K	$2K	12x	as long as short