Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0405%/8h= +44.4% APRpaid last 24h +0.181%

Price spread now: RISEx against Paradex+0.010%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$12 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	314.39	0.0261	pay 0.0261% / 8h	5h 06m	$14K	$876	10x
Short	RISEx TAO/USDC	314.42	0.0666	get 0.0083% / 1h	6m 08s	$439K	$655K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Paradex. 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 ParadexbpFee RISExbpOrdersPrice spread, now +0.010%Rate

Funding earned: $85.13
Price spread: +0.010% → 0.000%: $1.01
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee RISEx: 3 bp × 2 orders: −$6
Net: $76.14
Costs to cover: 0.100%
Break-even: 0.7 days

Slippage unknown: Paradex: no order-book sample; RISEx: live order book, 40 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell RISEx live order book, 40 min ago	2.22 bp	5.2 bp −$5	16.7 bp −$167	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TAO on 43 exchanges

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 −0.0003%	1h	314.20	−0.060%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.66	+0.086%	$54K	$636K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.50	+0.036%	$26.8M	$127.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.30	−0.028%	$16.0M	$48.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.68	+0.093%	$17.4M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.36	−0.009%	$35.6M	$55.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.02	+0.201%	$45K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.60	+0.067%	$69K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.50	+0.036%	$2K	$1.7M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.99	−0.127%	$112K	$556K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0102%	8h	314.47	+0.026%	$1K	$1.3M	5x	as long as short
Extended TAO-USD	+0.0104%	1h	314.68	+0.093%	$947K	$2.1M	25x	as long as short
Aevo TAO-PERP	+0.0120%	1h	314.85	+0.146%	$173K	$998	3x	as long as short
edgeX TAOUSDC	+0.0143%	4h	314.89	+0.159%	$42K	$324K	10x	as long as short
MEXC TAO_USDT	+0.0152%	4h	314.66	+0.086%	$110.6M	$150.7M	300x	as long as short
Binance TAOUSDT	+0.0153%	4h	314.63	+0.077%	$93.2M	$510.7M	75x	as long as short
Phemex TAOUSDT	+0.0226%	4h	314.44	+0.016%	$3.2M	$8.2M	50x	as long as short
Lighter TAO	+0.0232%	1h	314.86	+0.148%	$1.5M	$6.8M	5x	as long as short
Pacifica TAO	+0.0240%	1h	314.28	−0.036%	$372K	$455K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0256%	4h	314.85	+0.147%	$535K	$786K	10x	as long as short
Paradex TAO-USD-PERPlong	+0.0261%	8h	314.39	long leg	$14K	$876	10x
BingX TAO-USDT	+0.0264%	4h	314.58	+0.061%	—	$37.9M	—	as long as short
Orderly PERP_TAO_USDC	+0.0267%	4h	314.67	+0.090%	$53K	$262K	10x	as long as short
Bybit TAOUSDT	+0.0285%	4h	314.69	+0.096%	$69.2M	$155.3M	50x	as long as short
Bullet TAO-USD	+0.0306%	1h	314.98	+0.187%	$12K	$16K	20x	as long as short
Aster TAOUSDT	+0.0313%	4h	314.80	+0.131%	$1.2M	$11.4M	50x	as long as short
Nado TAO-PERP	+0.0345%	1h	314.71	+0.103%	$669K	$2.0M	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0359% / S −0.0107%	1h	314.52	+0.042%	$369K	—	100x	as long as short
BloFin TAO-USDT	+0.0392%	4h	314.44	+0.016%	$4.8M	$10.5M	100x	as long as short
dYdX TAO-USD	+0.0407%	1h	313.80	−0.188%	$265K	$230K	5x	as long as short
Variational Omni TAO	+0.0519%	4h	314.56	+0.056%	$5.7M	$10.0M	—	as long as short
Hyperliquid TAO	+0.0530%	1h	314.71	+0.102%	$94.4M	$104.9M	5x	as long as short
01 Exchange TAOUSD	+0.0600%	1h	315.07	+0.217%	$3K	$2K	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	314.69	+0.096%	$99K	$312K	5x	as long as short
Phoenix TAO	+0.0650%	1h	315.00	+0.195%	$317K	$710K	5x	as long as short
RISEx TAO/USDCshort	+0.0666%	1h	314.42	+0.010%	$439K	$655K	5x
Coinbase International TAO-PERP-INTX	+0.0688%	1h	315.38	+0.315%	$1.1M	$7.6M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	314.71	+0.102%	$362	—	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0718%	1h	314.73	+0.110%	$30K	$1.9M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0758%	1h	314.70	+0.099%	$296K	$1.1M	10x	as long as short
Bulk TAO-USD	+0.0796%	1h	315.70	+0.416%	$167K	$662	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0936%	1h	314.83	+0.142%	$6.3M	$19.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	319.29	+1.559%	$23K	$2K	12x	as long as short