Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0739%/8h= −80.9% APRnext payment $0.92 per $10,000 · paid last 24h −0.010%
Price spread now: 01 Exchange against RISEx+0.015%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds 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: −$22 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongRISEx TAO/USDC307.400.1155pay 0.0144% / 1h7m 44s$419K$533K5x
Short01 Exchange TAOUSD307.450.0416get 0.0052% / 1h7m 44s$3K$4K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

01 Exchange 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

Funding earned
−$155.11
Price spread: +0.015% → 0.000%
$1.46
Slippage, 4 orders
no order book: not counted
Fee RISEx: 3 bp × 2 orders
−$6
Fee 01 Exchange: 3.5 bp × 2 orders
−$7
Net
−$166.65
Costs to cover
0.130%
Break-even
never at this rate
Slippage unknown: RISEx: live order book, 11 min ago; 01 Exchange: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy RISEx live order book, 11 min ago1.30 bp4.3 bp −$422.2 bp −$222doesn't fitdoesn't fit
Sell 01 Exchange no order-book sample
01 Exchange: 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 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.0396%1h305.88−0.498%$163K$52K10xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h306.94−0.151%$20K150xas long as short
dYdX TAO-USD+0.0012%1h306.74−0.216%$126K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h307.13−0.089%$45K$541K20xas long as short
Binance TAOUSDT+0.0100%4h307.10−0.099%$86.0M$414.5M75xas long as short
Bybit TAOUSDT+0.0100%4h307.18−0.073%$59.6M$121.5M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h307.20−0.067%$24.7M$96.0M50xas long as short
Arcus TAO-USD+0.0100%1h307.62+0.070%$80K$643K5xas long as short
Gate TAO_USDT+0.0100%4h307.20−0.067%$12.3M$49.2M50xas long as short
MEXC TAO_USDT+0.0100%4h307.38−0.008%$114.9M$126.1M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h307.37−0.011%$18.3M$27.2M75xas long as short
Bitget TAOUSDT+0.0100%4h306.84−0.184%$34.2M$45.7M50xas long as short
BingX TAO-USDT+0.0100%4h307.30−0.034%$30.2Mas long as short
edgeX TAOUSDC+0.0100%4h306.62−0.256%$40K$278K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h306.14−0.412%$506K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h305.47−0.629%$46K$270K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h307.24−0.054%$75K$550K5xas long as short
Bullet TAO-USD+0.0100%1h307.16−0.080%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h307.08−0.106%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h307.06−0.112%$2K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h307.23−0.057%$123K$369K20xas long as short
Phemex TAOUSDT+0.0100%4h307.07−0.109%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h307.31−0.032%$169K$9983xas long as short
Katana Perps TAO-USD+0.0110%8h307.31−0.031%$630$511K5xas long as short
Variational Omni TAO+0.0110%4h306.68−0.235%$3.7M$6.7Mas long as short
Aster TAOUSDT+0.0131%4h307.11−0.096%$1.1M$7.7M50xas long as short
Paradex TAO-USD-PERP+0.0154%8h307.48+0.024%$14K$1K10xas long as short
Pacifica TAO+0.0164%1h307.53+0.041%$363K$369K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h306.96−0.143%$438K100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0275%1h307.17−0.077%$19K$1.4M25xas long as short
Nado TAO-PERP+0.0314%1h307.12−0.092%$829K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h306.89−0.168%$4.2M$9.5M100xas long as short
Lighter TAO+0.0360%1h307.17−0.077%$1.6M$5.4M5xas long as short
01 Exchange TAOUSDshort+0.0416%1h307.45+0.015%$3K$4K5x
Backpack TAO_USDC_PERP+0.0458%1h307.41+0.002%$295K$800K10xas long as short
Phoenix TAO+0.0521%1h306.30−0.359%$320K$491K5xas long as short
Reya TAORUSDPERP+0.0695%1h306.98−0.140%$35320xas long as short
Extended TAO-USD+0.0696%1h307.26−0.047%$834K$2.0M25xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h307.79+0.125%$1.5M$5.6M50xas long as short
Kraken Futures PF_TAOUSD+0.1028%1h307.16−0.079%$5.8M$19.6M50xas long as short
Hyperliquid TAO+0.1141%1h307.58+0.057%$93.8M$80.8M5xas long as short
RISEx TAO/USDClong+0.1155%1h307.40long leg$419K$533K5x
Injective TAO/USDC PERP+0.1621%1h308.73+0.431%$22K$26412xas long as short