Funding arb · Price arb /

TAO

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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: BingX against edgeX+0.182%7-day average −0.007% · 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−$13as in the Price arb table

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

Long on edgeX Short on BingX

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)−0.535%−$53 · spread now +0.182%, 7d avg −0.007%

Together, before fees−0.467%+ Points / potential airdropedgeX: Active · farm board−$47 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: BingX is 0.189% dearer against edgeX than usual: you sell high and buy low, +$19 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	edgeX TAOUSDC	310.82	0.0100	pay 0.0050% / 4h	3h 20m	$41K	$313K	10x
Short	BingX TAO-USDT	311.39	0.0100	get 0.0050% / 4h	3h 20m	—	$33.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against edgeX. 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 edgeXbpFee BingXbpOrdersPrice spread, now +0.182%Rate

Funding earned: $0
Price spread: +0.182% → −0.007%: $18.95
Slippage, 4 orders: −$12.97
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$13.02
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from edgeX: live order book, 32 min ago; BingX: live order book, 3 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 edgeX live order book, 32 min ago	4.77 bp	9.3 bp −$9	24.3 bp −$243	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	0.48 bp	7.2 bp −$7	12.9 bp −$129	26.6 bp −$2,660	53.2 bp −$26.6K

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	−0.0348%	1h	311.72	+0.289%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.55	+0.234%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0013%	1h	311.34	+0.168%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.94	+0.359%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	311.73	+0.292%	$639	$842K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.75	+0.299%	$355K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.41	+0.189%	$89.2M	$500.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.53	+0.227%	$67.1M	$150.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.40	+0.186%	$25.9M	$120.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.30	+0.153%	$13.2M	$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	311.47	+0.208%	$102.3M	$145.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.48	+0.211%	$17.7M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.30	+0.153%	$34.9M	$56.5M	50x	as long as short
BingX TAO-USDTshort	+0.0100%	4h	311.39	+0.182%	—	$33.8M	—
edgeX TAOUSDClong	+0.0100%	4h	310.82	long leg	$41K	$313K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	310.69	−0.041%	$528K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	310.73	−0.030%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.70	+0.282%	$79K	$901K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.83	+0.324%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.62	+0.256%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.34	+0.166%	$110K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	311.56	+0.237%	$3.1M	$8.0M	50x	as long as short
Aster TAOUSDT	+0.0100%	4h	311.57	+0.241%	$1.3M	$10.5M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.73	+0.293%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0116%	4h	311.79	+0.311%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0137% / S +0.0135%	1h	311.51	+0.222%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0143%	8h	311.83	+0.323%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.16	+0.430%	$101K	$394K	5x	as long as short
Variational Omni TAO	+0.0308%	4h	311.97	+0.369%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0312%	1h	311.38	+0.179%	$904K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0340%	1h	311.69	+0.280%	$785K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.79	+0.311%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	311.10	+0.089%	$310K	$711K	5x	as long as short
Hyperliquid TAO	+0.0458%	1h	311.60	+0.250%	$91.6M	$107.7M	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	312.05	+0.395%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0492%	1h	311.65	+0.266%	$310K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0505%	1h	311.84	+0.327%	$15K	$1.8M	25x	as long as short
Lighter TAO	+0.0584%	1h	311.94	+0.360%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.80	+0.315%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.91	+0.350%	$442K	$653K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	+0.032%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.52	+0.224%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+1.421%	$23K	$2K	12x	as long as short