Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0601%/8h= +65.8% APRpaid last 24h +0.170%

Price spread now: RISEx against Paradex+0.002%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$18 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	315.40	0.0239	pay 0.0239% / 8h	7h 34m	$14K	$876	10x
Short	RISEx TAO/USDC	315.40	0.0840	get 0.0105% / 1h	34m 51s	$437K	$681K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Paradex. 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 ParadexbpFee RISExbpOrdersPrice spread, now +0.002%Rate

Funding earned: $126.16
Price spread: +0.002% → 0.000%: $0.23
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee RISEx: 3 bp × 2 orders: −$6
Net: $116.39
Costs to cover: 0.100%
Break-even: 0.5 days

Slippage unknown: Paradex: no order-book sample; RISEx: live order book, 64 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell RISEx live order book, 64 min ago	2.68 bp	5.7 bp −$6	27.0 bp −$270	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	315.02	−0.119%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.40	+0.001%	$49K	$700K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	315.24	−0.049%	$645	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.40	+0.001%	$26.3M	$129.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.10	−0.094%	$14.9M	$49.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.36	−0.011%	$17.8M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.15	−0.078%	$35.5M	$57.4M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.10	−0.094%	$86K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.04	−0.113%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.96	−0.138%	$115K	$588K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	315.15	−0.078%	$3.2M	$8.1M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0118%	4h	315.10	−0.093%	$539K	$877K	10x	as long as short
Aevo TAO-PERP	+0.0120%	1h	315.52	+0.038%	$173K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0124%	1h	315.68	+0.090%	$45K	$257K	50x	as long as short
Bulk TAO-USD	+0.0125%	1h	316.13	+0.233%	$168K	$0	10x	as long as short
Binance TAOUSDT	+0.0144%	4h	315.40	+0.002%	$92.0M	$527.4M	75x	as long as short
MEXC TAO_USDT	+0.0146%	4h	315.36	−0.011%	$104.8M	$151.8M	300x	as long as short
edgeX TAOUSDC	+0.0154%	4h	315.22	−0.056%	$42K	$320K	10x	as long as short
dYdX TAO-USD	+0.0198%	1h	315.05	−0.111%	$127K	$86K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0211%	4h	315.32	−0.024%	$54K	$298K	10x	as long as short
Bullet TAO-USD	+0.0228%	1h	315.35	−0.014%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERPlong	+0.0239%	8h	315.40	long leg	$14K	$876	10x
BingX TAO-USDT	+0.0308%	4h	315.33	−0.021%	—	$37.3M	—	as long as short
Aster TAOUSDT	+0.0309%	4h	315.27	−0.040%	$1.2M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	315.42	+0.007%	$370K	$440K	10x	as long as short
Extended TAO-USD	+0.0352%	1h	315.30	−0.030%	$894K	$2.3M	25x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0360% / S −0.0107%	1h	315.03	−0.116%	$370K	—	100x	as long as short
BloFin TAO-USDT	+0.0384%	4h	315.35	−0.014%	$4.8M	$10.7M	100x	as long as short
Bybit TAOUSDT	+0.0400%	4h	315.52	+0.039%	$69.4M	$154.8M	50x	as long as short
Arcus TAO-USD	+0.0404%	1h	315.53	+0.043%	$99K	$363K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0496%	1h	315.31	−0.027%	$15K	$1.9M	25x	as long as short
Nado TAO-PERP	+0.0503%	1h	315.45	+0.018%	$768K	$2.0M	10x	as long as short
Hyperliquid TAO	+0.0512%	1h	315.55	+0.048%	$93.0M	$108.5M	5x	as long as short
Phoenix TAO	+0.0578%	1h	315.80	+0.128%	$318K	$714K	5x	as long as short
Lighter TAO	+0.0600%	1h	315.60	+0.066%	$1.6M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	315.75	+0.112%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0614%	4h	315.43	+0.012%	$5.6M	$10.1M	—	as long as short
Backpack TAO_USDC_PERP	+0.0678%	1h	315.44	+0.014%	$315K	$1.0M	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	315.29	−0.033%	$363	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0789%	1h	315.43	+0.010%	$6.0M	$21.1M	50x	as long as short
RISEx TAO/USDCshort	+0.0840%	1h	315.40	+0.002%	$437K	$681K	5x
Coinbase International TAO-PERP-INTX	+0.0944%	1h	315.53	+0.043%	$1.1M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	318.23	+0.899%	$23K	$2K	12x	as long as short