Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0378%/8hpaid last 24h +0.065%

Price spread now: RISEx against HTX+0.270%7-day average +0.137% · 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−$134as in the Price arb table

costs, in and out, $10k−$1481.476% of the position

Long on HTX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.406%+$41 on $10k

Price spread, last 3 days (all we have)−0.103%−$10 · spread now +0.270%, 7d avg +0.137%

Together, before fees+0.303%+$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and RISEx is 0.133% dearer against HTX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.137%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	291.42	0.0100	pay 0.0050% / 4h	21m 55s	$122K	$312K	20x
Short	RISEx TAO/USDC	292.21	0.0478	get 0.0060% / 1h	21m 55s	$336K	$451K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against HTX. 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 HTXbpFee RISExbpOrdersPrice spread, now +0.270%Rate

Funding earned: $79.29
Price spread: +0.270% → +0.137%: $13.28
Slippage, 4 orders: −$129.61
Fee HTX: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$55.05
Costs to cover: 1.476%
Break-even: 11.9 days

Slippage from HTX: live order book, 9 min ago; RISEx: live order book, 11 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 HTX live order book, 9 min ago	14.84 bp	114.8 bp −$115	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 11 min ago	2.57 bp	5.7 bp −$6	42.9 bp −$429	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	−0.3319%	1h	293.88	+0.844%	$194K	$44K	10x	as long as short
Kraken Futures PF_TAOUSD	−0.0160%	1h	291.74	+0.112%	$5.3M	$13.8M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	292.14	+0.247%	$75K	$35K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0010%	1h	291.45	+0.010%	$34K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	292.04	+0.213%	$33K	$477K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	291.64	+0.076%	$1.7M	$4.9M	50x	as long as short
Pacifica TAO	+0.0100%	1h	292.15	+0.250%	$339K	$373K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	291.23	−0.064%	$79.1M	$334.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	291.20	−0.075%	$51.0M	$87.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	291.10	−0.110%	$23.2M	$71.0M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TAO-USD	+0.0100%	1h	292.34	+0.316%	$128K	$579K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	291.20	−0.075%	$11.5M	$44.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	291.16	−0.089%	$104.3M	$105.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	291.00	−0.144%	$19.6M	$21.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	290.93	−0.168%	$32.9M	$36.8M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	291.27	−0.051%	—	$29.7M	—	as long as short
Variational Omni TAO	+0.0100%	4h	294.61	+1.096%	$3.2M	$5.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	293.87	+0.840%	$38K	$272K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	294.38	+1.016%	$516K	$871K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	293.54	+0.727%	$44K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	291.98	+0.192%	$84K	$507K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	291.56	+0.046%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	291.65	+0.079%	$53K	$235K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	291.35	−0.024%	$1K	$1.6M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	291.42	long leg	$122K	$312K	20x
Phemex TAOUSDT	+0.0100%	4h	291.32	−0.034%	$3.1M	$7.5M	50x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	292.11	+0.237%	$3K	$340K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	291.71	+0.100%	$160K	$998	3x	as long as short
Paradex TAO-USD-PERP	+0.0105%	8h	291.88	+0.157%	$14K	$376	10x	as long as short
Nado TAO-PERP	+0.0179%	1h	291.63	+0.074%	$1.0M	$1.3M	10x	as long as short
Extended TAO-USD	+0.0192%	1h	291.18	−0.083%	$805K	$1.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0219%	1h	291.75	+0.113%	$23K	$1.0M	25x	as long as short
Phoenix TAO	+0.0336%	1h	294.20	+0.954%	$312K	$158K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	292.24	+0.281%	$4.0M	$7.2M	100x	as long as short
Lighter TAO	+0.0424%	1h	291.68	+0.090%	$1.3M	$2.4M	5x	as long as short
01 Exchange TAOUSD	+0.0432%	1h	292.34	+0.316%	$3K	$4K	5x	as long as short
RISEx TAO/USDCshort	+0.0478%	1h	292.21	+0.270%	$336K	$451K	5x
GMX TAO/USD [WBTC.b-USDC]	L +0.0479% / S −0.0195%	1h	291.29	−0.045%	$439K	—	100x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	291.81	+0.135%	$336	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0872%	1h	293.09	+0.573%	$1.5M	$4.2M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0905%	1h	291.73	+0.106%	$404K	$498K	10x	as long as short
Hyperliquid TAO	+0.1294%	1h	291.72	+0.103%	$83.0M	$55.5M	5x	as long as short
Injective TAO/USDC PERP	+0.2947%	1h	291.06	−0.124%	$21K	$39K	12x	as long as short