Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0595%/8h= +65.1% APRpaid last 24h +0.177%

Price spread now: Reya against BingX−0.187%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 Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.187% cheaper against BingX than usual: you would sell low and buy high (spread −0.187% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 25 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	304.54	0.0100	pay 0.0050% / 4h	1h 44m	—	$30.4M	—
Short	Reya TAORUSDPERP	303.97	0.0695	get 0.0087% / 1h	44m 29s	$350	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.187%Rate

Funding earned: $124.85
Price spread: −0.187% → 0.000%: −$18.72
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $90.13
Costs to cover: 0.160%
Break-even: 1.9 days

Slippage unknown: BingX: live order book, 9 min ago; Reya: 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, 9 min ago	0.49 bp	5.6 bp −$6	10.0 bp −$100	28.0 bp −$2,798	63.5 bp −$31.8K
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Bulk TAO-USD	−0.0466%	1h	307.38	+0.933%	$202K	$17K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	304.27	−0.089%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	303.66	−0.290%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	304.37	−0.056%	$43K	$533K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	304.17	−0.121%	$85.1M	$410.4M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	304.16	−0.125%	$58.9M	$120.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	304.00	−0.177%	$24.4M	$94.7M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.67	+0.043%	$79K	$642K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	304.40	−0.046%	$12.1M	$48.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	304.10	−0.144%	$121.3M	$124.4M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	304.21	−0.108%	$18.5M	$26.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	303.89	−0.213%	$34.0M	$45.7M	50x	as long as short
BingX TAO-USDTlong	+0.0100%	4h	304.54	long leg	—	$30.4M	—
Variational Omni TAO	+0.0100%	4h	303.72	−0.271%	$3.6M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.67	−0.286%	$39K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.73	−0.265%	$502K	$967K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	304.18	−0.118%	$77K	$605K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	304.00	−0.179%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.60	−0.309%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.53	−0.332%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	305.99	+0.476%	$121K	$358K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.59	−0.312%	$3.2M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.57	−0.319%	$167K	$998	3x	as long as short
Aster TAOUSDT	+0.0109%	4h	304.28	−0.084%	$1.1M	$7.7M	50x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	304.25	−0.095%	$622	$486K	5x	as long as short
Paradex TAO-USD-PERP	+0.0153%	8h	304.57	+0.011%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	304.72	+0.060%	$360K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	303.33	−0.396%	$433K	—	100x	as long as short
ApeX Omni TAOUSDT	+0.0233%	1h	304.06	−0.158%	$46K	$269K	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0322%	1h	303.69	−0.280%	$20K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.29	−0.410%	$4.2M	$9.3M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0384%	1h	303.73	−0.266%	$378K	$757K	10x	as long as short
01 Exchange TAOUSD	+0.0392%	1h	304.64	+0.033%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0416%	1h	304.58	+0.015%	$1.6M	$5.3M	5x	as long as short
Nado TAO-PERP	+0.0427%	1h	304.10	−0.145%	$827K	$1.9M	10x	as long as short
Phoenix TAO	+0.0521%	1h	303.90	−0.210%	$322K	$491K	5x	as long as short
Reya TAORUSDPERPshort	+0.0695%	1h	303.97	−0.187%	$350	—	20x
Extended TAO-USD	+0.0832%	1h	304.64	+0.031%	$835K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	305.27	+0.240%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1040%	1h	303.59	−0.310%	$5.8M	$19.7M	50x	as long as short
RISEx TAO/USDC	+0.1155%	1h	304.57	+0.010%	$410K	$545K	5x	as long as short
Hyperliquid TAO	+0.1246%	1h	304.40	−0.046%	$92.8M	$79.9M	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.376%	$22K	$264	12x	as long as short