Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0716%/8h= +78.4% APRpaid last 24h +0.161%

Price spread now: RISEx against Gate+0.143%7-day average +0.052% · 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−$33as in the Price arb table

costs, in and out, $10k−$420.416% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.481%+$48 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.143%, 7d avg +0.052%

Together, before fees+0.393%+$39 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$21 a day on $10k at the current rate, and RISEx is 0.091% dearer against Gate than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	311.20	0.0100	pay 0.0050% / 4h	3h 44m	$13.0M	$49.6M	50x
Short	RISEx TAO/USDC	311.65	0.0816	get 0.0102% / 1h	44m 28s	$433K	$650K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Gate. 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 GatebpFee RISExbpOrdersPrice spread, now +0.143%Rate

Funding earned: $150.37
Price spread: +0.143% → +0.052%: $9.11
Slippage, 4 orders: −$20.61
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $117.87
Costs to cover: 0.416%
Break-even: 1.5 days

Slippage from Gate: live order book, 4 min ago; RISEx: live order book, 9 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 Gate live order book, 4 min ago	1.60 bp	16.8 bp −$17	41.7 bp −$417	58.8 bp −$5,883	95.8 bp −$47.9K
Sell RISEx live order book, 9 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	−0.0348%	1h	312.12	+0.294%	$5.5M	$20.6M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	311.42	+0.071%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.72	+0.168%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.85	+0.209%	$45K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	311.87	+0.215%	$2K	$813K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.49	+0.093%	$355K	$413K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.95	+0.241%	$89.6M	$498.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.95	+0.241%	$67.1M	$150.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.90	+0.225%	$25.9M	$120.3M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.10	+1.253%	$167K	$2K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDTlong	+0.0100%	4h	311.20	long leg	$13.0M	$49.6M	50x
MEXC TAO_USDT	+0.0100%	4h	312.07	+0.280%	$101.2M	$144.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.80	+0.193%	$17.8M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.64	+0.141%	$34.9M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.87	+0.215%	—	$33.1M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.19	+0.320%	$41K	$314K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.93	+0.234%	$529K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.96	+0.244%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.74	+0.174%	$82K	$870K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.03	+0.267%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.75	+0.177%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.63	+0.138%	$109K	$536K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.02	+0.265%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0114%	4h	311.78	+0.186%	$52K	$270K	10x	as long as short
Aster TAOUSDT	+0.0118%	4h	311.70	+0.162%	$1.2M	$10.4M	50x	as long as short
Phemex TAOUSDT	+0.0127%	4h	312.00	+0.257%	$3.2M	$8.1M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0141% / S +0.0131%	1h	311.71	+0.164%	$415K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0142%	8h	311.40	+0.065%	$14K	$1K	10x	as long as short
Extended TAO-USD	+0.0176%	1h	311.60	+0.129%	$913K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.78	+0.186%	$101K	$392K	5x	as long as short
Hyperliquid TAO	+0.0235%	1h	312.21	+0.325%	$91.6M	$107.2M	5x	as long as short
Nado TAO-PERP	+0.0263%	1h	311.92	+0.232%	$790K	$2.2M	10x	as long as short
Variational Omni TAO	+0.0324%	4h	312.10	+0.289%	$5.5M	$10.0M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.24	+0.334%	$4.5M	$10.8M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0396%	1h	312.18	+0.315%	$310K	$906K	10x	as long as short
Lighter TAO	+0.0400%	1h	311.71	+0.164%	$1.5M	$6.5M	5x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	311.85	+0.209%	$3K	$4K	5x	as long as short
Phoenix TAO	+0.0457%	1h	312.50	+0.418%	$311K	$711K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0624%	1h	312.22	+0.328%	$33K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.94	+0.236%	$359	—	20x	as long as short
RISEx TAO/USDCshort	+0.0816%	1h	311.65	+0.143%	$433K	$650K	5x
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.68	+0.476%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.38	+1.986%	$23K	$2K	12x	as long as short