Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0716%/8h= +78.4% APRpaid last 24h +0.164%

Price spread now: RISEx against Bitget−0.019%7-day average +0.057% · 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−$42as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on Bitget Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.484%+$48 on $10k

Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.019%, 7d avg +0.057%

Together, before fees+0.622%+$62 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.076% cheaper against Bitget than usual: you would sell low and buy high (spread −0.019% now, against its 7-day average of +0.057%). If the spread goes back, that is −$8 on $10k: about 8 hours of funding at the current rate (+$21 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TAOUSDT	312.32	0.0100	pay 0.0050% / 4h	3h 18m	$35.1M	$56.5M	50x
Short	RISEx TAO/USDC	312.26	0.0816	get 0.0102% / 1h	18m 20s	$443K	$647K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Bitget. 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 BitgetbpFee RISExbpOrdersPrice spread, now −0.019%Rate

Funding earned: $150.37
Price spread: −0.019% → +0.057%: −$7.58
Slippage, 4 orders: −$15.93
Fee Bitget: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $108.86
Costs to cover: 0.339%
Break-even: 1.9 days

Slippage from Bitget: live order book, 6 min ago; RISEx: live order book, 35 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 Bitget live order book, 6 min ago	1.61 bp	12.8 bp −$13	27.6 bp −$276	49.7 bp −$4,973	doesn't fit
Sell RISEx live order book, 35 min ago	1.59 bp	4.6 bp −$5	28.0 bp −$280	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
Kraken Futures PF_TAOUSD	−0.0347%	1h	312.59	+0.085%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.30	−0.006%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0012%	1h	312.14	−0.058%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.21	−0.035%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	311.95	−0.118%	$639	$842K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.39	+0.021%	$356K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.55	+0.075%	$89.5M	$501.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.50	+0.058%	$26.0M	$120.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.20	−0.038%	$13.3M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.31	−0.003%	$102.5M	$145.3M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	312.32	0.000%	$17.8M	$31.2M	75x	as long as short
Bitget TAOUSDTlong	+0.0100%	4h	312.32	long leg	$35.1M	$56.5M	50x
BingX TAO-USDT	+0.0100%	4h	312.54	+0.070%	—	$33.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.63	−0.221%	$41K	$314K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.55	−0.247%	$529K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.69	−0.202%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.32	0.000%	$79K	$901K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.59	+0.086%	$11K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.51	+0.061%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.06	−0.083%	$110K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.77	+0.144%	$3.1M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.72	+0.129%	$172K	$998	3x	as long as short
Aster TAOUSDT	+0.0107%	4h	312.34	+0.006%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	312.45	+0.042%	$52K	$290K	10x	as long as short
Bybit TAOUSDT	+0.0131%	4h	312.69	+0.118%	$67.4M	$150.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0136% / S +0.0135%	1h	312.21	−0.034%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0153%	8h	312.21	−0.036%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.50	+0.058%	$101K	$394K	5x	as long as short
Variational Omni TAO	+0.0308%	4h	311.97	−0.112%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0312%	1h	312.62	+0.097%	$909K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0338%	1h	312.25	−0.023%	$788K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.69	+0.118%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	312.30	−0.006%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0465%	1h	312.49	+0.054%	$91.8M	$107.8M	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	312.48	+0.051%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0498%	1h	312.65	+0.106%	$311K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0553%	1h	312.63	+0.099%	$13K	$1.8M	25x	as long as short
Lighter TAO	+0.0600%	1h	312.91	+0.188%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.43	+0.034%	$359	—	20x	as long as short
RISEx TAO/USDCshort	+0.0816%	1h	312.26	−0.019%	$443K	$647K	5x
Bulk TAO-USD	+0.0817%	1h	310.92	−0.448%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.08	−0.077%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+0.935%	$23K	$2K	12x	as long as short