Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0428%/8h= +46.9% APRpaid last 24h +0.113%

Price spread now: RISEx against BingX+0.097%7-day average +0.021% · 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−$18as in the Price arb table

costs, in and out, $10k−$260.255% of the position

Long on BingX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.430%+$43 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.097%, 7d avg +0.021%

Together, before fees+0.383%+$38 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and RISEx is 0.076% dearer against BingX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	311.97	0.0704	pay 0.0352% / 4h	2h 58m	—	$30.7M	—
Short	RISEx TAO/USDC	312.27	0.1132	get 0.0142% / 1h	58m 04s	$414K	$602K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against BingX. 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 BingXbpFee RISExbpOrdersPrice spread, now +0.097%Rate

Funding earned: $89.95
Price spread: +0.097% → +0.021%: $7.59
Slippage, 4 orders: −$9.53
Fee BingX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $72.01
Costs to cover: 0.255%
Break-even: 1.4 days

Slippage from BingX: live order book, 11 min ago; RISEx: live order book, 10 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 BingX live order book, 11 min ago	1.58 bp	7.8 bp −$8	14.8 bp −$148	30.6 bp −$3,058	75.1 bp −$37.6K
Sell RISEx live order book, 10 min ago	1.26 bp	4.3 bp −$4	27.3 bp −$273	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	−0.1228%	1h	316.14	+1.337%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	310.95	−0.328%	$124K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	312.02	+0.015%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.59	+0.199%	$44K	$610K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.98	+0.003%	$89.6M	$454.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.10	+0.042%	$25.3M	$108.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.70	−0.087%	$12.6M	$48.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.98	+0.003%	$99.7M	$134.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.19	+0.071%	$18.3M	$29.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.77	−0.064%	$34.7M	$52.1M	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	315.16	+1.022%	$40K	$294K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.04	+0.344%	$522K	$962K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.60	+0.843%	$48K	$267K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	312.28	+0.099%	$57K	$318K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.04	+0.022%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.35	+0.122%	$119K	$446K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.04	+0.023%	$171K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0118%	8h	312.19	+0.071%	$639	$657K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0125%	1h	311.99	+0.007%	$16K	$1.5M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0169%	1h	311.96	−0.003%	$5.6M	$20.3M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0171% / S +0.0110%	1h	312.10	+0.043%	$435K	—	100x	as long as short
Aster TAOUSDT	+0.0173%	4h	312.02	+0.015%	$1.2M	$9.0M	50x	as long as short
Bullet TAO-USD	+0.0179%	1h	312.59	+0.199%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERP	+0.0233%	8h	311.67	−0.097%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0278%	1h	312.73	+0.244%	$91K	$619K	5x	as long as short
Pacifica TAO	+0.0285%	1h	311.74	−0.074%	$369K	$373K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	312.43	+0.147%	$83K	$550K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.04	+0.343%	$4.4M	$10.7M	100x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	316.84	+1.561%	$23K	$2K	12x	as long as short
Phoenix TAO	+0.0525%	1h	313.80	+0.587%	$328K	$620K	5x	as long as short
01 Exchange TAOUSD	+0.0568%	1h	312.56	+0.189%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0606%	4h	314.06	+0.670%	$5.4M	$8.7M	—	as long as short
Nado TAO-PERP	+0.0658%	1h	312.68	+0.227%	$776K	$2.1M	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	312.61	+0.206%	$359	—	20x	as long as short
BingX TAO-USDTlong	+0.0704%	4h	311.97	long leg	—	$30.7M	—
Bybit TAOUSDT	+0.0740%	4h	312.21	+0.077%	$63.6M	$134.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0816%	1h	312.08	+0.035%	$315K	$818K	10x	as long as short
Phemex TAOUSDT	+0.0905%	4h	312.28	+0.099%	$3.4M	$7.8M	50x	as long as short
Hyperliquid TAO	+0.0969%	1h	312.38	+0.131%	$99.6M	$92.2M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	312.42	+0.144%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1048%	1h	311.87	−0.031%	$898K	$2.4M	25x	as long as short
RISEx TAO/USDCshort	+0.1132%	1h	312.27	+0.097%	$414K	$602K	5x
Lighter TAO	+0.1328%	1h	312.44	+0.149%	$1.6M	$6.0M	5x	as long as short