Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0953%/8h= +104.4% APRpaid last 24h +0.076%

Price spread now: RISEx against BingX+0.151%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$240.242% of the position

Long on BingX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.392%+$39 on $10k

Price spread, last 4 days (all we have)−0.127%−$13 · spread now +0.151%, 7d avg +0.019%

Together, before fees+0.265%+$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$29 a day on $10k at the current rate, and RISEx is 0.132% dearer against BingX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	308.05	0.0100	pay 0.0050% / 4h	2h 12m	—	$30.4M	—
Short	RISEx TAO/USDC	308.51	0.1053	get 0.0132% / 1h	12m 01s	$412K	$542K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.151%Rate

Funding earned: $200.13
Price spread: +0.151% → +0.019%: $13.21
Slippage, 4 orders: −$8.18
Fee BingX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $189.17
Costs to cover: 0.242%
Break-even: 0.4 days

Slippage from BingX: live order book, 12 min ago; RISEx: live order book, 12 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 BingX live order book, 12 min ago	0.65 bp	5.9 bp −$6	10.1 bp −$101	21.9 bp −$2,187	49.1 bp −$24.5K
Sell RISEx live order book, 12 min ago	0.65 bp	7.5 bp −$8	32.6 bp −$326	doesn't fit	doesn't fit

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
dYdX TAO-USD	0.0000%	1h	308.28	+0.074%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	308.07	+0.007%	$26K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0026%	1h	308.21	+0.053%	$15K	$1.3M	25x	as long as short
Bulk TAO-USD	+0.0052%	1h	305.44	−0.847%	$200K	$57K	10x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.30	+0.081%	$41K	$527K	20x	as long as short
Pacifica TAO	+0.0100%	1h	308.63	+0.188%	$365K	$367K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.98	−0.023%	$86.3M	$404.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	308.08	+0.010%	$59.9M	$119.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.00	−0.016%	$25.5M	$93.5M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.68	+0.205%	$138K	$603K	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	307.90	−0.049%	$12.3M	$48.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	308.11	+0.019%	$118.7M	$125.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	308.18	+0.042%	$18.7M	$26.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.46	−0.192%	$34.4M	$44.6M	50x	as long as short
BingX TAO-USDTlong	+0.0100%	4h	308.05	long leg	—	$30.4M	—
Variational Omni TAO	+0.0100%	4h	309.10	+0.340%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.74	+0.549%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	309.81	+0.573%	$551K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.90	+0.601%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.40	+0.114%	$78K	$675K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.31	+0.084%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.13	+0.026%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.42	+0.120%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.16	+0.036%	$121K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	308.02	−0.010%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.33	+0.093%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	308.58	+0.172%	$1K	$449K	5x	as long as short
Paradex TAO-USD-PERP	+0.0158%	8h	308.45	+0.130%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0160%	4h	308.12	+0.022%	$1.1M	$7.5M	50x	as long as short
Phoenix TAO	+0.0234%	1h	307.60	−0.146%	$326K	$462K	5x	as long as short
Nado TAO-PERP	+0.0306%	1h	308.43	+0.123%	$853K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.46	+0.133%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0485% / S −0.0184%	1h	308.03	−0.006%	$453K	—	100x	as long as short
01 Exchange TAOUSD	+0.0528%	1h	308.65	+0.195%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	308.33	+0.090%	$355	—	20x	as long as short
Extended TAO-USD	+0.0728%	1h	307.59	−0.148%	$907K	$2.0M	25x	as long as short
Lighter TAO	+0.0920%	1h	308.66	+0.199%	$1.7M	$4.8M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0954%	1h	308.20	+0.049%	$383K	$753K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	310.60	+0.828%	$1.5M	$5.5M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1022%	1h	308.53	+0.156%	$6.4M	$19.0M	50x	as long as short
RISEx TAO/USDCshort	+0.1053%	1h	308.51	+0.151%	$412K	$542K	5x
Hyperliquid TAO	+0.1803%	1h	308.83	+0.253%	$96.6M	$77.4M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	+0.221%	$22K	$271	12x	as long as short