Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0891%/8h= −97.6% APRpaid last 24h −0.150%

Price spread now: MEXC against RISEx−0.189%7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$150.153% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.473%−$47 on $10k

Price spread, last 4 days (all we have)+0.129%+$13 · spread now −0.189%, 7d avg −0.019%

Together, before fees−0.344%−$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$27 a day on $10k at the current rate, and MEXC is 0.169% cheaper against RISEx than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.019%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	315.48	0.0991	pay 0.0124% / 1h	15m 00s	$436K	$651K	5x
Short	MEXC TAO_USDT	314.88	0.0100	get 0.0050% / 4h	15m 00s	$110.7M	$144.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against RISEx. 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 RISExbpFee MEXCbpOrdersPrice spread, now −0.189%Rate

Funding earned: −$187.16
Price spread: −0.189% → −0.019%: −$16.92
Slippage, 4 orders: −$9.3
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$219.38
Costs to cover: 0.153%
Break-even: never at this rate

Slippage from RISEx: live order book, 44 min ago; MEXC: live order book, 4 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 RISEx live order book, 44 min ago	2.38 bp	5.6 bp −$6	35.7 bp −$357	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.48 bp	3.1 bp −$3	9.1 bp −$91	26.1 bp −$2,615	67.9 bp −$33.9K

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
dYdX TAO-USD	0.0000%	1h	315.14	−0.105%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.72	−0.240%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.80	−0.214%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.48	+0.002%	$43K	$669K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	315.21	−0.084%	$645	$799K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.73	−0.235%	$90.9M	$494.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.80	−0.214%	$67.7M	$148.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.60	−0.277%	$26.0M	$120.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.60	−0.277%	$12.9M	$50.1M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	314.88	−0.189%	$110.7M	$144.1M	300x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	314.74	−0.233%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.51	−0.306%	$35.2M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.68	−0.252%	—	$32.9M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.19	−0.090%	$42K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.53	+0.019%	$522K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.11	−0.116%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.24	−0.074%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.07	−0.127%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.95	−0.166%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.21	−0.401%	$110K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.81	−0.211%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.00	−0.152%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	314.73	−0.236%	$52K	$270K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0146% / S +0.0122%	1h	314.72	−0.238%	$428K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0158%	8h	315.54	+0.022%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0181%	4h	314.88	−0.187%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0200%	1h	314.74	−0.234%	$923K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0209%	1h	315.21	−0.083%	$801K	$2.2M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0218%	1h	314.94	−0.169%	$25K	$1.7M	25x	as long as short
Hyperliquid TAO	+0.0265%	1h	314.89	−0.185%	$92.6M	$106.5M	5x	as long as short
01 Exchange TAOUSD	+0.0320%	1h	315.59	+0.036%	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.96	−0.163%	$4.6M	$10.9M	100x	as long as short
Lighter TAO	+0.0344%	1h	315.12	−0.112%	$1.5M	$6.5M	5x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.72	+0.078%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0347%	1h	314.76	−0.227%	$315K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	315.36	−0.037%	$360K	$412K	10x	as long as short
Variational Omni TAO	+0.0461%	4h	315.17	−0.097%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.40	−0.024%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.02	−0.144%	$362	—	20x	as long as short
Bulk TAO-USD	+0.0933%	1h	314.34	−0.360%	$167K	$2K	10x	as long as short
RISEx TAO/USDClong	+0.0991%	1h	315.48	long leg	$436K	$651K	5x
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.12	+0.204%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.19	+0.861%	$23K	$2K	12x	as long as short