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 12:00 UTC+0.0288%/8h= +31.5% APRnext payment +$1.44 per $10,000 · paid last 24h +0.009%
Price spread now: BingX against Gate+0.105%7-day average +0.017% · you sell dearer than you buy
Net, funding: paid 7d − costs−$41as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$450.449% of the position
Long on GateShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.038%+$4 on $10k
Price spread, last 7 days−0.091%−$9 · spread now +0.105%, 7d avg +0.017%
Together, before fees−0.052%−$5 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and BingX is 0.088% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.017%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.038% in total (about 2.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.44 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate TAO_USDT313.300.0100pay 0.0050% / 4h47m 25s$16.1M$46.5M50x
ShortBingX TAO-USDT313.630.0388get 0.0194% / 4h47m 25s—$37.8M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Gate. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

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latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$60.48
Price spread: +0.105% → +0.017%
$8.8
Slippage, 4 orders
−$19.89
Fee Gate: 7.5 bp × 2 orders
−$15
Fee BingX: 5 bp × 2 orders
−$10
Net
$24.39
Costs to cover
0.449%
Break-even
4.2 days
Slippage from Gate: live order book, 5 min ago; BingX: 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 Gate live order book, 5 min ago3.20 bp14.4 bp −$1434.8 bp −$34852.6 bp −$5,26389.5 bp −$44.8K
Sell BingX live order book, 5 min ago0.64 bp7.3 bp −$715.5 bp −$15522.5 bp −$2,24949.2 bp −$24.6K

TAO on 43 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0003%1h313.29−0.002%$19K—150xas long as short
Popdex TAOUSDT+0.0096%1h313.41+0.035%$54K$633K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h313.50+0.064%$26.8M$125.7M50xas long as short
Gate TAO_USDTlong+0.0100%4h313.30long leg$16.1M$46.5M50x
KuCoin TAOUSDTM+0.0100%4h313.40+0.032%$17.2M$31.0M75xas long as short
Bitget TAOUSDT+0.0100%4h313.34+0.013%$35.4M$54.2M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h312.45−0.271%$44K$254K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h313.39+0.029%$68K$1.1M5xas long as short
SunX TAO-USDT+0.0100%4h313.27−0.010%$2K$1.7M20xas long as short
HTX TAO-USDT+0.0100%4h313.17−0.041%$114K$550K20xas long as short
Show all 43 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Katana Perps TAO-USD+0.0102%8h313.04−0.083%$2K$1.3M5xas long as short
Extended TAO-USD+0.0104%1h313.27−0.009%$922K$2.1M25xas long as short
Aevo TAO-PERP+0.0120%1h314.97+0.534%$173K$9983xas long as short
edgeX TAOUSDC+0.0167%4h312.45−0.271%$41K$325K10xas long as short
MEXC TAO_USDT+0.0168%4h313.89+0.188%$111.8M$147.1M300xas long as short
Binance TAOUSDT+0.0168%4h313.64+0.108%$93.1M$507.1M75xas long as short
Pacifica TAO+0.0223%1h313.12−0.057%$380K$455K10xas long as short
GRVT TAO_USDT_Perp+0.0276%4h312.91−0.124%$532K$749K10xas long as short
Orderly PERP_TAO_USDC+0.0278%4h313.56+0.083%$52K$262K10xas long as short
Bullet TAO-USD+0.0290%1h313.86+0.179%$12K$16K20xas long as short
Paradex TAO-USD-PERP+0.0297%8h313.37+0.023%$14K$76910xas long as short
Lighter TAO+0.0344%1h313.29−0.004%$1.6M$6.7M5xas long as short
Aster TAOUSDT+0.0356%4h313.70+0.128%$1.2M$11.5M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0372% / S −0.0114%1h313.27−0.011%$377K—100xas long as short
BingX TAO-USDTshort+0.0388%4h313.63+0.105%—$37.8M—
Bybit TAOUSDT+0.0398%4h313.64+0.109%$69.4M$154.5M50xas long as short
BloFin TAO-USDT+0.0406%4h312.15−0.367%$4.9M$10.5M100xas long as short
dYdX TAO-USD+0.0422%1h312.77−0.169%$264K$230K5xas long as short
Phemex TAOUSDT+0.0436%4h313.23−0.022%$3.1M$8.3M50xas long as short
Nado TAO-PERP+0.0482%1h313.40+0.031%$652K$2.0M10xas long as short
Hyperliquid TAO+0.0541%1h313.68+0.121%$93.7M$105.5M5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0568%1h313.49+0.062%$23K$1.9M25xas long as short
Arcus TAO-USD+0.0587%1h313.49+0.061%$99K$285K5xas long as short
Variational Omni TAO+0.0603%4h312.01−0.411%$6.2M$10.1M—as long as short
Phoenix TAO+0.0636%1h312.80−0.160%$314K$701K5xas long as short
RISEx TAO/USDC+0.0694%1h313.31+0.003%$436K$664K5xas long as short
Reya TAORUSDPERP+0.0699%1h313.60+0.096%$361—20xas long as short
Coinbase International TAO-PERP-INTX+0.0728%1h313.68+0.121%$1.1M$7.4M50xas long as short
01 Exchange TAOUSD+0.0776%1h313.68+0.121%$3K$2K5xas long as short
Kraken Futures PF_TAOUSD+0.0862%1h313.48+0.059%$6.2M$19.6M50xas long as short
Backpack TAO_USDC_PERP+0.0881%1h313.50+0.064%$298K$1.1M10xas long as short
Bulk TAO-USD+0.1436%1h313.89+0.188%$166K$66210xas long as short
Injective TAO/USDC PERP+0.4136%1h317.23+1.254%$23K$2K12xas long as short