Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0848%/8h= +92.9% APRpaid last 24h +0.170%

Price spread now: RISEx against Gate+0.105%7-day average +0.053% · 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−$36as in the Price arb table

costs, in and out, $10k−$420.417% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.491%+$49 on $10k

Price spread, last 4 days (all we have)−0.050%−$5 · spread now +0.105%, 7d avg +0.053%

Together, before fees+0.441%+$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and RISEx is 0.052% dearer against Gate than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	319.00	0.0100	pay 0.0050% / 4h	2h 13m	$14.2M	$51.6M	50x
Short	RISEx TAO/USDC	319.34	0.0948	get 0.0118% / 1h	13m 22s	$461K	$649K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Gate. 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 GatebpFee RISExbpOrdersPrice spread, now +0.105%Rate

Funding earned: $178.07
Price spread: +0.105% → +0.053%: $5.22
Slippage, 4 orders: −$20.67
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $141.63
Costs to cover: 0.417%
Break-even: 1.4 days

Slippage from Gate: live order book, 6 min ago; RISEx: live order book, 35 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 Gate live order book, 6 min ago	3.14 bp	17.4 bp −$17	36.4 bp −$364	50.1 bp −$5,007	84.6 bp −$42.3K
Sell RISEx live order book, 35 min ago	1.75 bp	4.8 bp −$5	19.2 bp −$192	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
Bulk TAO-USD	−0.0038%	1h	313.74	−1.649%	$167K	$333	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.97	−0.008%	$21K	—	150x	as long as short
dYdX TAO-USD	+0.0033%	1h	318.94	−0.018%	$127K	$85K	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.20	+0.063%	$26.7M	$125.6M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	319.00	long leg	$14.2M	$51.6M	50x
KuCoin TAOUSDTM	+0.0100%	4h	319.21	+0.066%	$17.6M	$31.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.08	+0.025%	$35.9M	$57.4M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	318.35	−0.205%	$42K	$317K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.22	+0.069%	$91K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.13	−0.273%	$2K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	317.66	−0.420%	$116K	$565K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	318.73	−0.085%	$3.2M	$8.0M	50x	as long as short
MEXC TAO_USDT	+0.0104%	4h	319.34	+0.107%	$100.9M	$148.0M	300x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.63	−0.116%	$175K	$998	3x	as long as short
Binance TAOUSDT	+0.0104%	4h	319.37	+0.116%	$91.7M	$513.0M	75x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	319.08	+0.025%	$2K	$945K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0118%	4h	319.23	+0.072%	$53K	$291K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0127% / S +0.0142%	1h	318.93	−0.021%	$427K	—	100x	as long as short
Popdex TAOUSDT	+0.0128%	1h	319.40	+0.125%	$54K	$671K	20x	as long as short
Pacifica TAO	+0.0233%	1h	319.34	+0.106%	$364K	$420K	10x	as long as short
Aster TAOUSDT	+0.0265%	4h	319.04	+0.013%	$1.3M	$10.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0280%	8h	319.67	+0.211%	$15K	$1K	10x	as long as short
Nado TAO-PERP	+0.0282%	1h	319.46	+0.143%	$803K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0299%	1h	318.94	−0.019%	$6.0M	$21.6M	50x	as long as short
Bullet TAO-USD	+0.0325%	1h	319.38	+0.119%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	318.52	−0.150%	$4.6M	$11.0M	100x	as long as short
Bybit TAOUSDT	+0.0384%	4h	319.37	+0.116%	$69.9M	$153.7M	50x	as long as short
BingX TAO-USDT	+0.0400%	4h	319.31	+0.097%	—	$33.8M	—	as long as short
GRVT TAO_USDT_Perp	+0.0436%	4h	318.55	−0.140%	$545K	$935K	10x	as long as short
Variational Omni TAO	+0.0467%	4h	317.98	−0.319%	$5.6M	$10.1M	—	as long as short
Arcus TAO-USD	+0.0483%	1h	319.72	+0.226%	$103K	$345K	5x	as long as short
ApeX Omni TAOUSDT	+0.0504%	1h	318.01	−0.310%	$45K	$256K	50x	as long as short
Extended TAO-USD	+0.0504%	1h	319.45	+0.140%	$906K	$2.4M	25x	as long as short
Phoenix TAO	+0.0513%	1h	318.90	−0.031%	$317K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0683%	1h	318.65	−0.110%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	319.20	+0.064%	$367	—	20x	as long as short
01 Exchange TAOUSD	+0.0800%	1h	319.73	+0.229%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0810%	1h	319.42	+0.132%	$93.8M	$109.5M	5x	as long as short
Lighter TAO	+0.0816%	1h	319.63	+0.198%	$1.5M	$6.6M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0835%	1h	318.87	−0.041%	$316K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	318.73	−0.085%	$1.5M	$7.0M	50x	as long as short
RISEx TAO/USDCshort	+0.0948%	1h	319.34	+0.105%	$461K	$649K	5x
Injective TAO/USDC PERP	+0.3711%	1h	322.94	+1.235%	$23K	$2K	12x	as long as short