Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.1138%/8h= +124.6% APRpaid last 24h +0.099%

Price spread now: RISEx against KuCoin+0.104%7-day average +0.011% · 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−$34as in the Price arb table

costs, in and out, $10k−$430.435% of the position

Long on KuCoin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.420%+$42 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now +0.104%, 7d avg +0.011%

Together, before fees+0.362%+$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and RISEx is 0.093% dearer against KuCoin than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	312.65	0.0100	pay 0.0050% / 4h	40m 12s	$19.0M	$27.7M	75x
Short	RISEx TAO/USDC	312.98	0.1238	get 0.0155% / 1h	40m 12s	$431K	$537K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against KuCoin. 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 KuCoinbpFee RISExbpOrdersPrice spread, now +0.104%Rate

Funding earned: $238.9
Price spread: +0.104% → +0.011%: $9.32
Slippage, 4 orders: −$25.49
Fee KuCoin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $204.73
Costs to cover: 0.435%
Break-even: 1.0 days

Slippage from KuCoin: live order book, 4 min ago; RISEx: live order book, 38 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 KuCoin live order book, 4 min ago	1.60 bp	13.7 bp −$14	27.1 bp −$271	81.7 bp −$8,168	doesn't fit
Sell RISEx live order book, 38 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
Bulk TAO-USD	−0.4478%	1h	313.97	+0.422%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.36	−0.093%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.45	−0.065%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.39	+0.557%	$23K	$260	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.60	−0.016%	$41K	$551K	20x	as long as short
Pacifica TAO	+0.0100%	1h	312.61	−0.014%	$370K	$372K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.61	−0.013%	$88.4M	$425.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.74	+0.029%	$61.3M	$124.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.60	−0.016%	$25.1M	$100.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.40	−0.080%	$12.7M	$49.3M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	312.64	−0.003%	$120.2M	$127.7M	300x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	312.65	long leg	$19.0M	$27.7M	75x
Bitget TAOUSDT	+0.0100%	4h	312.47	−0.058%	$34.9M	$46.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	312.66	+0.003%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.83	+0.059%	$40K	$281K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.13	+0.474%	$529K	$948K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	312.59	−0.019%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.26	−0.125%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.79	+0.045%	$128K	$395K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.53	−0.038%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.86	+0.066%	$172K	$998	3x	as long as short
Bullet TAO-USD	+0.0107%	1h	312.66	+0.002%	$11K	$17K	20x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	312.64	−0.003%	$2K	$541K	5x	as long as short
Polymarket Perps TAO-USD	+0.0116%	1h	312.78	+0.042%	$77K	$520K	5x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.02	+0.118%	$83K	$626K	5x	as long as short
Paradex TAO-USD-PERP	+0.0187%	8h	312.71	+0.018%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0194%	4h	312.41	−0.078%	$3.9M	$7.0M	—	as long as short
Aster TAOUSDT	+0.0202%	4h	312.62	−0.010%	$1.1M	$7.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0226%	1h	312.79	+0.045%	$47K	$270K	50x	as long as short
BloFin TAO-USDT	+0.0351%	4h	312.42	−0.074%	$4.3M	$10.2M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0375%	1h	312.72	+0.021%	$19K	$1.4M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0449%	1h	312.57	−0.027%	$5.7M	$19.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0475% / S −0.0175%	1h	312.47	−0.058%	$448K	—	100x	as long as short
Nado TAO-PERP	+0.0522%	1h	312.67	+0.006%	$829K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0537%	1h	312.70	+0.016%	$300K	$799K	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.60	−0.016%	$327K	$521K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	312.57	−0.024%	$359	—	20x	as long as short
01 Exchange TAOUSD	+0.0736%	1h	312.95	+0.096%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0864%	1h	312.60	−0.015%	$863K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.64	+0.636%	$1.5M	$5.8M	50x	as long as short
RISEx TAO/USDCshort	+0.1238%	1h	312.98	+0.104%	$431K	$537K	5x
Lighter TAO	+0.1392%	1h	313.08	+0.137%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.1912%	1h	313.10	+0.144%	$97.5M	$83.3M	5x	as long as short