Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0322%/8h= +35.3% APRpaid last 24h +0.092%

Price spread now: 01 Exchange against BingX+0.352%7-day average — · you sell dearer than you buy

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

Long on BingX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and 01 Exchange is 0.352% dearer against BingX than usual: you sell high and buy low: +$35 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	321.46	0.0382	pay 0.0191% / 4h	1h 54m	—	$34.3M	—
Short	01 Exchange TAOUSD	322.59	0.0704	get 0.0088% / 1h	54m 39s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.352%Rate

Funding earned: $67.62
Price spread: +0.352% → 0.000%: $35.15
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $85.77
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: BingX: live order book, 14 min ago; 01 Exchange: 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, 14 min ago	0.78 bp	5.8 bp −$6	13.2 bp −$132	31.2 bp −$3,116	82.5 bp −$41.3K
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.1440%	1h	322.10	+0.198%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	321.24	−0.070%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	321.24	−0.070%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.28	+0.255%	$40K	$690K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	321.60	+0.044%	$26.7M	$129.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	321.10	−0.112%	$14.2M	$51.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	321.41	−0.016%	$17.6M	$31.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.99	−0.146%	$36.2M	$57.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	324.34	+0.896%	$47K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	321.71	+0.078%	$87K	$1.0M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	321.35	−0.034%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	321.52	+0.019%	$118K	$584K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	321.45	−0.003%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	322.29	+0.258%	$731	$969K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0119%	4h	321.56	+0.031%	$53K	$292K	10x	as long as short
Aevo TAO-PERP	+0.0120%	1h	321.79	+0.103%	$177K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0124% / S +0.0144%	1h	321.08	−0.117%	$430K	—	100x	as long as short
Binance TAOUSDT	+0.0148%	4h	321.30	−0.048%	$93.7M	$523.5M	75x	as long as short
MEXC TAO_USDT	+0.0154%	4h	321.62	+0.050%	$105.2M	$149.0M	300x	as long as short
edgeX TAOUSDC	+0.0156%	4h	324.58	+0.972%	$43K	$315K	10x	as long as short
Paradex TAO-USD-PERP	+0.0269%	8h	321.59	+0.040%	$15K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0305%	1h	321.49	+0.008%	$15K	$1.9M	25x	as long as short
Aster TAOUSDT	+0.0308%	4h	321.34	−0.037%	$1.3M	$10.8M	50x	as long as short
Bybit TAOUSDT	+0.0366%	4h	321.54	+0.025%	$70.2M	$155.5M	50x	as long as short
BingX TAO-USDTlong	+0.0382%	4h	321.46	long leg	—	$34.3M	—
BloFin TAO-USDT	+0.0394%	4h	321.90	+0.137%	$4.7M	$11.1M	100x	as long as short
Bullet TAO-USD	+0.0417%	1h	323.30	+0.573%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0460%	4h	323.74	+0.708%	$552K	$937K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	321.50	+0.012%	$918K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0506%	4h	323.50	+0.634%	$5.7M	$10.1M	—	as long as short
Phoenix TAO	+0.0513%	1h	324.40	+0.915%	$323K	$709K	5x	as long as short
Pacifica TAO	+0.0525%	1h	321.54	+0.024%	$366K	$422K	10x	as long as short
Nado TAO-PERP	+0.0598%	1h	321.72	+0.081%	$804K	$2.2M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0610%	1h	321.33	−0.040%	$319K	$899K	10x	as long as short
Arcus TAO-USD	+0.0641%	1h	321.75	+0.090%	$104K	$394K	5x	as long as short
Hyperliquid TAO	+0.0673%	1h	321.74	+0.087%	$95.1M	$109.8M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	321.51	+0.014%	$370	—	20x	as long as short
01 Exchange TAOUSDshort	+0.0704%	1h	322.59	+0.352%	$3K	$4K	5x
Coinbase International TAO-PERP-INTX	+0.0944%	1h	322.47	+0.314%	$1.5M	$6.9M	50x	as long as short
Lighter TAO	+0.1008%	1h	321.85	+0.123%	$1.5M	$6.6M	5x	as long as short
RISEx TAO/USDC	+0.1077%	1h	322.38	+0.287%	$464K	$652K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1148%	1h	321.66	+0.063%	$6.1M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	328.25	+2.112%	$24K	$2K	12x	as long as short