Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against BingX−0.339%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on BingX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.068%−$7 on $10k

Price spread, last 4 days (all we have)+0.691%+$69 · spread now −0.339%, 7d avg +0.007%

Together, before fees+0.623%+ Points / potential airdropedgeX: Active · farm board+$62 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: edgeX is 0.346% cheaper against BingX than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	311.88	0.0100	pay 0.0050% / 4h	3h 21m	—	$33.8M	—
Short	edgeX TAOUSDC	310.82	0.0100	get 0.0050% / 4h	3h 21m	$41K	$313K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.339%Rate

Funding earned: $0
Price spread: −0.339% → +0.007%: −$34.6
Slippage, 4 orders: −$12.97
Fee BingX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$66.56
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; edgeX: live order book, 32 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	0.48 bp	6.1 bp −$6	10.9 bp −$109	22.2 bp −$2,217	47.4 bp −$23.7K
Sell edgeX live order book, 32 min ago	4.77 bp	9.3 bp −$9	24.0 bp −$240	doesn't fit	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
Kraken Futures PF_TAOUSD	−0.0349%	1h	310.70	−0.380%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.44	−0.462%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0013%	1h	311.34	−0.172%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.94	+0.019%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	311.73	−0.048%	$639	$842K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.75	−0.041%	$355K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.85	−0.010%	$89.4M	$500.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.05	+0.055%	$67.2M	$150.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.80	−0.026%	$25.9M	$120.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.50	−0.122%	$13.3M	$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	311.85	−0.010%	$102.2M	$145.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.57	−0.099%	$17.7M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.50	−0.122%	$34.9M	$56.5M	50x	as long as short
BingX TAO-USDTlong	+0.0100%	4h	311.88	long leg	—	$33.8M	—
edgeX TAOUSDCshort	+0.0100%	4h	310.82	−0.339%	$41K	$313K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	310.69	−0.380%	$528K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	310.73	−0.369%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.70	−0.058%	$79K	$901K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	310.70	−0.378%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	310.51	−0.439%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.32	−0.500%	$109K	$541K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	311.69	−0.061%	$1.3M	$10.5M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.80	−0.345%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0116%	4h	310.59	−0.414%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0137% / S +0.0135%	1h	310.40	−0.475%	$412K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0143%	8h	311.83	−0.017%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0212%	4h	310.86	−0.327%	$3.1M	$8.0M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.16	+0.090%	$101K	$394K	5x	as long as short
Variational Omni TAO	+0.0294%	4h	311.14	−0.238%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0304%	1h	311.81	−0.023%	$904K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0340%	1h	311.69	−0.060%	$785K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.10	−0.250%	$4.5M	$10.7M	100x	as long as short
Phoenix TAO	+0.0457%	1h	311.10	−0.250%	$310K	$711K	5x	as long as short
Hyperliquid TAO	+0.0460%	1h	312.00	+0.038%	$91.7M	$107.7M	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	312.05	+0.055%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0489%	1h	310.83	−0.337%	$309K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0527%	1h	310.73	−0.368%	$15K	$1.8M	25x	as long as short
Lighter TAO	+0.0584%	1h	311.89	+0.005%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.80	−0.025%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.91	+0.010%	$442K	$653K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	−0.307%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.23	−0.208%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+1.077%	$23K	$2K	12x	as long as short