Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.004%

Price spread now: BingX against Pacifica+0.442%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs+$11as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on Pacifica Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.032%−$3 · spread now +0.442%, 7d avg −0.010%

Together, before fees−0.033%+ Points / potential airdropPacifica: Active · farm board−$3 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 0.451% dearer against Pacifica than usual: you sell high and buy low, +$45 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TAO	316.20	0.0448	pay 0.0056% / 1h	11m 29s	$374K	$405K	10x
Short	BingX TAO-USDT	317.60	0.0448	get 0.0224% / 4h	1h 11m	—	$30.4M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Pacifica. 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 PacificabpFee BingXbpOrdersPrice spread, now +0.442%Rate

Funding earned: $0.02
Price spread: +0.442% → −0.010%: $45.13
Slippage, 4 orders: −$15.86
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: $11.28
Costs to cover: 0.339%
Break-even: from the start

Slippage from Pacifica: live order book, 52 min ago; BingX: live order book, 7 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 Pacifica live order book, 52 min ago	3.77 bp	8.6 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 7 min ago	0.46 bp	8.3 bp −$8	13.0 bp −$130	22.9 bp −$2,293	44.1 bp −$22.0K

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	−0.1916%	1h	325.17	+2.836%	$172K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.00	−0.064%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.53	+0.420%	$21K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0057%	1h	315.57	−0.201%	$16K	$1.6M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.36	+0.366%	$40K	$686K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.79	+0.502%	$92.4M	$489.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.80	+0.505%	$26.1M	$120.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.40	+0.379%	$13.0M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.44	+0.391%	$101.8M	$143.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.39	+0.375%	$17.7M	$31.6M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	317.23	+0.325%	$35.4M	$55.6M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	316.42	+0.069%	$35K	$301K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.35	+0.363%	$87K	$795K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.20	−0.317%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.57	−0.200%	$128K	$482K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.46	−0.235%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	316.90	+0.220%	$674	$776K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0125%	4h	317.75	+0.489%	$57K	$282K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0157% / S +0.0112%	1h	317.49	+0.406%	$430K	—	100x	as long as short
Bullet TAO-USD	+0.0189%	1h	317.40	+0.379%	$13K	$18K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0192%	4h	315.38	−0.260%	$523K	$951K	10x	as long as short
Phemex TAOUSDT	+0.0219%	4h	315.93	−0.086%	$3.4M	$7.9M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0249%	1h	315.46	−0.234%	$5.6M	$20.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0257%	8h	316.08	−0.039%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0277%	4h	316.37	+0.053%	$1.2M	$10.0M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.00	−0.064%	$3.8M	$11.3M	100x	as long as short
ApeX Omni TAOUSDT	+0.0371%	1h	316.95	+0.236%	$47K	$253K	50x	as long as short
Bybit TAOUSDT	+0.0427%	4h	317.98	+0.562%	$69.7M	$146.0M	50x	as long as short
Pacifica TAOlong	+0.0448%	1h	316.20	long leg	$374K	$405K	10x
BingX TAO-USDTshort	+0.0448%	4h	317.60	+0.442%	—	$30.4M	—
Phoenix TAO	+0.0504%	1h	315.80	−0.127%	$330K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	317.41	+0.382%	$100K	$488K	5x	as long as short
Nado TAO-PERP	+0.0613%	1h	317.48	+0.405%	$795K	$2.2M	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	317.38	+0.371%	$365	—	20x	as long as short
Extended TAO-USD	+0.0704%	1h	316.70	+0.156%	$927K	$2.4M	25x	as long as short
01 Exchange TAOUSD	+0.0704%	1h	317.43	+0.388%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0744%	1h	316.58	+0.118%	$1.6M	$6.4M	5x	as long as short
Variational Omni TAO	+0.0831%	4h	317.31	+0.351%	$5.9M	$9.8M	—	as long as short
Backpack TAO_USDC_PERP	+0.0909%	1h	315.75	−0.143%	$314K	$923K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	316.00	−0.064%	$1.5M	$6.8M	50x	as long as short
Hyperliquid TAO	+0.1062%	1h	317.55	+0.426%	$96.2M	$104.6M	5x	as long as short
RISEx TAO/USDC	+0.1159%	1h	317.50	+0.410%	$446K	$657K	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	321.62	+1.713%	$23K	$2K	12x	as long as short