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 +0.161%

Price spread now: RISEx against OKX+0.022%7-day average +0.046% · 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−$32as in the Price arb table

costs, in and out, $10k−$300.300% of the position

Long on OKX 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)+0.220%+$22 · spread now +0.022%, 7d avg +0.046%

Together, before fees+0.701%+$70 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.023% cheaper against OKX than usual: you would sell low and buy high (spread +0.022% now, against its 7-day average of +0.046%). If the spread goes back, that is −$2 on $10k: about 3 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	OKX TAO-USDT-SWAP	312.00	0.0100	pay 0.0100% / 8h	3h 05m	$26.0M	$120.9M	50x
Short	RISEx TAO/USDC	312.07	0.0816	get 0.0102% / 1h	5m 15s	$442K	$648K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against OKX. 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 OKXbpFee RISExbpOrdersPrice spread, now +0.022%Rate

Funding earned: $150.37
Price spread: +0.022% → +0.046%: −$2.33
Slippage, 4 orders: −$13.97
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $118.07
Costs to cover: 0.300%
Break-even: 1.5 days

Slippage from OKX: live order book, 4 min ago; RISEx: live order book, 48 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 OKX live order book, 4 min ago	1.61 bp	9.3 bp −$9	19.0 bp −$190	67.0 bp −$6,700	doesn't fit
Sell RISEx live order book, 48 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	311.92	−0.025%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.84	−0.052%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0014%	1h	312.07	+0.024%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.14	+0.045%	$48K	$661K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	311.88	−0.038%	$638	$858K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.24	+0.077%	$355K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.04	+0.013%	$89.1M	$502.6M	75x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	312.00	long leg	$26.0M	$120.9M	50x
Gate TAO_USDT	+0.0100%	4h	311.80	−0.064%	$13.4M	$50.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.10	+0.032%	$103.3M	$145.8M	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	312.09	+0.029%	$17.5M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.68	−0.103%	$35.0M	$56.6M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.50	−0.161%	$41K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.18	+0.059%	$530K	$942K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.06	+0.019%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.92	−0.026%	$81K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.16	+0.051%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.73	−0.087%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.73	−0.087%	$110K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	311.95	−0.016%	$3.1M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.06	+0.019%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0109%	4h	312.04	+0.014%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	311.91	−0.029%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0135% / S +0.0137%	1h	311.77	−0.074%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0173%	8h	312.27	+0.086%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.35	+0.112%	$101K	$369K	5x	as long as short
BingX TAO-USDT	+0.0256%	4h	312.10	+0.032%	—	$33.8M	—	as long as short
Bybit TAOUSDT	+0.0287%	4h	312.09	+0.029%	$67.4M	$150.9M	50x	as long as short
Nado TAO-PERP	+0.0308%	1h	312.09	+0.028%	$788K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0312%	1h	311.92	−0.026%	$908K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0338%	4h	312.45	+0.144%	$5.5M	$10.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.08	+0.026%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	312.40	+0.128%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0461%	1h	312.14	+0.046%	$91.6M	$108.0M	5x	as long as short
Bulk TAO-USD	+0.0468%	1h	310.75	−0.401%	$165K	$333	10x	as long as short
Backpack TAO_USDC_PERP	+0.0481%	1h	312.48	+0.154%	$310K	$885K	10x	as long as short
01 Exchange TAOUSD	+0.0488%	1h	312.34	+0.109%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0524%	1h	311.98	−0.006%	$12K	$1.8M	25x	as long as short
Lighter TAO	+0.0600%	1h	312.26	+0.082%	$1.5M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.07	+0.023%	$359	—	20x	as long as short
RISEx TAO/USDCshort	+0.0816%	1h	312.07	+0.022%	$442K	$648K	5x
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.37	+0.119%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.73	+1.196%	$23K	$2K	12x	as long as short