Settings8H · net · $10k
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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 00:00 UTC+0.0349%/8h= +38.2% APRpaid last 24h +0.137%
Price spread now: Kraken Futures against BingX+0.181%7-day average +0.059% · you sell dearer than you buy
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$420.418% of the position
Long on BingXShort on Kraken Futures
What this pair did over the last
the charts below follow
Funding, last 7 days+0.164%+$16 on $10k
Price spread, last 3 days (all we have)−0.142%−$14 · spread now +0.181%, 7d avg +0.059%
Together, before fees+0.021%+$2 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Kraken Futures is 0.122% dearer against BingX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.059%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.164% in total (about 8.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX TAO-USDT312.600.0100pay 0.0050% / 4h44m 09s—$30.2M—
ShortKraken Futures PF_TAOUSD313.170.0449get 0.0056% / 1h44m 09s$5.8M$19.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
$73.2
Price spread: +0.181% → +0.059%
$12.18
Slippage, 4 orders
−$21.82
Fee BingX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
$43.56
Costs to cover
0.418%
Break-even
2.8 days
Slippage from BingX: live order book, 10 min ago; Kraken Futures: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 10 min ago0.48 bp5.6 bp −$612.6 bp −$12634.8 bp −$3,479135.0 bp −$67.5K
Sell Kraken Futures live order book, 5 min ago7.97 bp14.5 bp −$1429.6 bp −$296116.7 bp −$11.7Kdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.4722%1h314.01+0.452%$168K$48K10xas long as short
dYdX TAO-USD0.0000%1h312.82+0.070%$125K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h312.65+0.015%$21K—150xas long as short
Injective TAO/USDC PERP+0.0033%1h314.39+0.573%$23K$26012xas long as short
Popdex TAOUSDT+0.0096%1h313.94+0.429%$40K$550K20xas long as short
Pacifica TAO+0.0100%1h313.41+0.258%$371K$372K10xas long as short
Binance TAOUSDT+0.0100%4h312.91+0.099%$88.5M$424.2M75xas long as short
Bybit TAOUSDT+0.0100%4h312.97+0.118%$61.3M$123.7M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h312.80+0.064%$25.1M$100.4M50xas long as short
Gate TAO_USDT+0.0100%4h312.50−0.032%$12.7M$49.1M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h312.56−0.013%$119.5M$127.4M300xas long as short
KuCoin TAOUSDTM+0.0100%4h313.18+0.186%$19.0M$27.7M75xas long as short
Bitget TAOUSDT+0.0100%4h312.39−0.067%$34.9M$46.3M50xas long as short
BingX TAO-USDTlong+0.0100%4h312.60long leg—$30.2M—
edgeX TAOUSDC+0.0100%4h313.65+0.335%$41K$280K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h314.17+0.503%$519K$950K10xas long as short
Orderly PERP_TAO_USDC+0.0100%4h313.13+0.170%$60K$276K10xas long as short
SunX TAO-USDT+0.0100%4h312.83+0.074%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h313.00+0.128%$128K$394K20xas long as short
Phemex TAOUSDT+0.0100%4h312.94+0.109%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h313.16+0.180%$172K$9983xas long as short
Katana Perps TAO-USD+0.0110%8h313.74+0.365%$830$539K5xas long as short
Bullet TAO-USD+0.0154%1h313.11+0.163%$11K$17K20xas long as short
Polymarket Perps TAO-USD+0.0157%1h314.03+0.457%$77K$521K5xas long as short
Arcus TAO-USD+0.0186%1h313.79+0.381%$83K$626K5xas long as short
Variational Omni TAO+0.0188%4h313.49+0.283%$3.9M$7.0M—as long as short
Paradex TAO-USD-PERP+0.0189%8h313.40+0.254%$14K$1K10xas long as short
Aster TAOUSDT+0.0205%4h313.22+0.198%$1.1M$7.9M50xas long as short
ApeX Omni TAOUSDT+0.0212%1h314.14+0.493%$47K$270K50xas long as short
BloFin TAO-USDT+0.0340%4h312.23−0.118%$4.3M$9.8M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0353%1h313.11+0.164%$19K$1.4M25xas long as short
Kraken Futures PF_TAOUSDshort+0.0449%1h313.17+0.181%$5.8M$19.8M50x
GMX TAO/USD [WBTC.b-USDC]L +0.0475% / S −0.0175%1h312.76+0.051%$449K—100xas long as short
Nado TAO-PERP+0.0519%1h313.34+0.238%$834K$2.0M10xas long as short
Phoenix TAO+0.0537%1h312.600.000%$327K$521K5xas long as short
Backpack TAO_USDC_PERP+0.0586%1h312.70+0.032%$300K$799K10xas long as short
Reya TAORUSDPERP+0.0695%1h313.16+0.178%$360—20xas long as short
01 Exchange TAOUSD+0.0808%1h314.11+0.483%$3K$4K5xas long as short
Extended TAO-USD+0.0880%1h313.09+0.157%$864K$2.1M25xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h313.29+0.221%$1.5M$5.7M50xas long as short
RISEx TAO/USDC+0.1238%1h313.89+0.412%$432K$536K5xas long as short
Lighter TAO+0.1472%1h313.61+0.324%$1.6M$5.8M5xas long as short
Hyperliquid TAO+0.2086%1h313.14+0.173%$97.5M$83.2M5xas long as short