Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.1055%/8h= +115.5% APRpaid last 24h +0.107%

Price spread now: RISEx against GRVT+0.097%55s7-day average −0.014% · 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—prices read too far apart to compare

costs, in and out, $10k−$270.273% of the position

Long on GRVT Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.425%+$43 on $10k

Price spread, last 3 days (all we have)−0.445%−$45 · spread now +0.097%, 7d avg −0.014%

Together, before fees−0.020%+ Points / potential airdropGRVT: Active · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$32 a day on $10k at the current rate, and RISEx is 0.111% dearer against GRVT than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of −0.014%. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TAO_USDT_Perp	305.91	0.0100	pay 0.0050% / 4h	1h 16m	$506K	$967K	10x
Short	RISEx TAO/USDC	306.21	0.1155	get 0.0144% / 1h	16m 11s	$417K	$544K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against GRVT. 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 GRVTbpFee RISExbpOrdersPrice spread, now +0.097%Rate

Funding earned: $221.47
Price spread: +0.097% → −0.014%: $11.1
Slippage, 4 orders: −$12.31
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: $205.26
Costs to cover: 0.273%
Break-even: 0.5 days

Slippage from GRVT: live order book, 2 min ago; RISEx: live order book, 2 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 GRVT live order book, 2 min ago	1.31 bp	8.5 bp −$9	19.7 bp −$197	doesn't fit	doesn't fit
Sell RISEx live order book, 2 min ago	1.30 bp	4.3 bp −$4	20.6 bp −$206	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	305.60	−0.100%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0015%	1h	305.55	−0.117%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.01	+0.032%	$45K	$539K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.05	+0.044%	$85.6M	$414.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.12	+0.068%	$59.3M	$121.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.00	+0.029%	$24.6M	$95.5M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.23	+0.104%	$79K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	302.77	−1.027%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	305.80	−0.036%	$12.2M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	306.03	+0.039%	$113.8M	$125.8M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	306.08	+0.055%	$18.2M	$27.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	305.86	−0.017%	$34.1M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.93	+0.006%	—	$30.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.18	+0.088%	$40K	$279K	10x	as long as short
GRVT TAO_USDT_Perplong	+0.0100%	4h	305.91	long leg	$506K	$967K	10x
Polymarket Perps TAO-USD	+0.0100%	1h	306.00	+0.029%	$75K	$556K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.81	−0.033%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.83	−0.026%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	305.93	+0.006%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	305.82	−0.030%	$122K	$368K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.92	+0.003%	$3.3M	$7.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0102%	1h	306.21	+0.098%	$46K	$270K	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.90	−0.005%	$168K	$998	3x	as long as short
Variational Omni TAO	+0.0105%	4h	305.97	+0.018%	$3.7M	$6.7M	—	as long as short
Katana Perps TAO-USD	+0.0110%	8h	305.98	+0.023%	$626	$506K	5x	as long as short
Aster TAOUSDT	+0.0119%	4h	305.82	−0.030%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	305.89	−0.006%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	305.96	+0.015%	$361K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	305.59	−0.106%	$436K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0264%	1h	305.95	+0.013%	$19K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0319%	1h	306.04	+0.043%	$826K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	305.78	−0.043%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0352%	1h	306.17	+0.085%	$1.6M	$5.4M	5x	as long as short
01 Exchange TAOUSD	+0.0408%	1h	306.17	+0.085%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0449%	1h	306.13	+0.072%	$294K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	306.60	+0.225%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	305.72	−0.062%	$352	—	20x	as long as short
Extended TAO-USD	+0.0744%	1h	306.00	+0.028%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	306.04	+0.042%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1032%	1h	305.94	+0.010%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1083%	1h	306.52	+0.198%	$93.3M	$80.7M	5x	as long as short
RISEx TAO/USDCshort	+0.1155%	1h	306.21	+0.097%	$417K	$544K	5x
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.922%	$22K	$264	12x	as long as short