Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1059%/8h= +115.9% APRpaid last 24h +0.138%

Price spread now: RISEx against MEXC+0.283%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+$7as in the Price arb table

costs, in and out, $10k−$190.194% of the position

Long on MEXC Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.459%+$46 on $10k

Price spread, last 4 days (all we have)−0.275%−$27 · spread now +0.283%, 7d avg +0.019%

Together, before fees+0.184%+$18 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 0.264% dearer against MEXC than usual: you sell high and buy low: +$26 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	MEXC TAO_USDT	323.41	0.0100	pay 0.0050% / 4h	1h 30m	$99.5M	$141.1M	300x
Short	RISEx TAO/USDC	324.32	0.1159	get 0.0145% / 1h	30m 57s	$463K	$637K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against MEXC. 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 MEXCbpFee RISExbpOrdersPrice spread, now +0.283%Rate

Funding earned: $222.31
Price spread: +0.283% → +0.019%: $26.41
Slippage, 4 orders: −$13.37
Fee MEXC: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $229.35
Costs to cover: 0.194%
Break-even: from the start

Slippage from MEXC: live order book, 3 min ago; RISEx: live order book, 33 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 MEXC live order book, 3 min ago	1.23 bp	4.3 bp −$4	15.7 bp −$157	26.6 bp −$2,661	84.0 bp −$42.0K
Sell RISEx live order book, 33 min ago	3.45 bp	6.5 bp −$7	doesn't fit	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	−0.5583%	1h	316.49	−2.140%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	323.38	−0.009%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	323.56	+0.045%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	324.29	+0.272%	$33K	$673K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	323.17	−0.075%	$94.5M	$477.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.80	−0.189%	$26.7M	$119.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.10	−0.096%	$13.3M	$49.7M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	323.41	long leg	$99.5M	$141.1M	300x
KuCoin TAOUSDTM	+0.0100%	4h	323.31	−0.031%	$17.9M	$31.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.59	−0.254%	$36.1M	$54.5M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	324.24	+0.257%	$37K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	323.96	+0.170%	$87K	$789K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	323.68	+0.083%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	323.25	−0.049%	$131K	$483K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	324.09	+0.210%	$3.5M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	323.80	+0.119%	$178K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0112%	4h	323.73	+0.099%	$59K	$281K	10x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	324.24	+0.257%	$1K	$773K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0161% / S +0.0124%	1h	323.58	+0.051%	$450K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0242%	1h	323.79	+0.118%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0266%	4h	324.28	+0.267%	$538K	$964K	10x	as long as short
Bullet TAO-USD	+0.0312%	1h	323.84	+0.133%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0318%	8h	323.93	+0.160%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	323.68	+0.083%	$4.5M	$10.9M	100x	as long as short
Aster TAOUSDT	+0.0375%	4h	323.97	+0.173%	$1.2M	$9.6M	50x	as long as short
Pacifica TAO	+0.0448%	1h	323.74	+0.101%	$382K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	324.60	+0.368%	$339K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	324.47	+0.328%	$101K	$489K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0519%	1h	323.82	+0.127%	$24K	$1.6M	25x	as long as short
Nado TAO-PERP	+0.0559%	1h	324.06	+0.202%	$793K	$2.2M	10x	as long as short
BingX TAO-USDT	+0.0566%	4h	322.94	−0.145%	—	$30.3M	—	as long as short
Bybit TAOUSDT	+0.0601%	4h	322.99	−0.130%	$70.8M	$143.3M	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	323.90	+0.153%	$372	—	20x	as long as short
01 Exchange TAOUSD	+0.0792%	1h	324.82	+0.436%	$3K	$4K	5x	as long as short
ApeX Omni TAOUSDT	+0.0804%	1h	322.29	−0.346%	$47K	$254K	50x	as long as short
Variational Omni TAO	+0.0868%	4h	323.85	+0.136%	$6.0M	$9.8M	—	as long as short
Extended TAO-USD	+0.0896%	1h	323.84	+0.133%	$949K	$2.3M	25x	as long as short
Lighter TAO	+0.0912%	1h	324.22	+0.250%	$1.6M	$6.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	324.93	+0.470%	$1.5M	$6.7M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1074%	1h	324.25	+0.260%	$446K	$860K	10x	as long as short
RISEx TAO/USDCshort	+0.1159%	1h	324.32	+0.283%	$463K	$637K	5x
Hyperliquid TAO	+0.1317%	1h	324.43	+0.315%	$102.0M	$98.9M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	−0.012%	$24K	$2K	12x	as long as short