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%/8hnext payment −$0.47 per $10,000 · paid last 24h −0.065%

Price spread now: Arcus against RISEx+0.045%7-day average +0.059% · 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−$36as in the Price arb table

costs, in and out, $10k−$350.347% of the position

Long on RISEx Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.372%−$37 on $10k

Price spread, last 3 days (all we have)−0.032%−$3 · spread now +0.045%, 7d avg +0.059%

Together, before fees−0.404%−$40 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.059%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	292.21	0.0478	pay 0.0060% / 1h	22m 11s	$336K	$451K	5x
Short	Arcus TAO-USD	292.34	0.0100	get 0.0013% / 1h	22m 11s	$128K	$579K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against RISEx. 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 RISExbpFee ArcusbpOrdersPrice spread, now +0.045%Rate

Funding earned: −$79.29
Price spread: +0.045% → +0.059%: −$1.32
Slippage, 4 orders: −$24.2
Fee RISEx: 3 bp × 2 orders: −$6
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$115.31
Costs to cover: 0.347%
Break-even: never at this rate

Slippage from RISEx: live order book, 10 min ago; Arcus: 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 RISEx live order book, 10 min ago	2.57 bp	5.8 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 11 min ago	3.26 bp	7.9 bp −$8	21.8 bp −$218	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	+0.572%	$194K	$44K	10x	as long as short
Kraken Futures PF_TAOUSD	−0.0160%	1h	291.74	−0.158%	$5.3M	$13.8M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	292.14	−0.023%	$75K	$35K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0010%	1h	291.45	−0.259%	$34K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	292.04	−0.057%	$33K	$477K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	291.74	−0.159%	$1.7M	$4.9M	50x	as long as short
Pacifica TAO	+0.0100%	1h	292.15	−0.020%	$339K	$373K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	291.44	−0.264%	$79.2M	$334.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	291.44	−0.263%	$51.0M	$87.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	291.20	−0.345%	$23.2M	$71.1M	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-USDshort	+0.0100%	1h	292.34	+0.045%	$128K	$579K	5x
Gate TAO_USDT	+0.0100%	4h	291.20	−0.345%	$11.5M	$44.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	291.40	−0.276%	$104.4M	$105.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	291.14	−0.365%	$19.6M	$21.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	291.03	−0.403%	$32.9M	$36.8M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	291.27	−0.321%	—	$29.7M	—	as long as short
Variational Omni TAO	+0.0100%	4h	294.61	+0.824%	$3.2M	$5.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	293.87	+0.569%	$38K	$272K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	294.38	+0.744%	$516K	$871K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	293.54	+0.456%	$44K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	291.98	−0.078%	$84K	$507K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	291.56	−0.223%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	291.65	−0.191%	$53K	$235K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	291.35	−0.293%	$1K	$1.6M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	291.42	−0.269%	$122K	$312K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	291.32	−0.304%	$3.1M	$7.5M	50x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	292.11	−0.033%	$3K	$340K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	291.71	−0.170%	$160K	$998	3x	as long as short
Paradex TAO-USD-PERP	+0.0105%	8h	291.88	−0.113%	$14K	$376	10x	as long as short
Nado TAO-PERP	+0.0179%	1h	291.63	−0.196%	$1.0M	$1.3M	10x	as long as short
Extended TAO-USD	+0.0192%	1h	291.69	−0.176%	$805K	$1.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0219%	1h	291.75	−0.157%	$23K	$1.0M	25x	as long as short
Phoenix TAO	+0.0336%	1h	294.20	+0.682%	$312K	$158K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	292.24	+0.011%	$4.0M	$7.2M	100x	as long as short
Lighter TAO	+0.0424%	1h	291.68	−0.179%	$1.3M	$2.4M	5x	as long as short
01 Exchange TAOUSD	+0.0432%	1h	292.34	+0.045%	$3K	$4K	5x	as long as short
RISEx TAO/USDClong	+0.0478%	1h	292.21	long leg	$336K	$451K	5x
GMX TAO/USD [WBTC.b-USDC]	L +0.0479% / S −0.0195%	1h	291.29	−0.314%	$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	+0.302%	$1.5M	$4.2M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0905%	1h	291.73	−0.163%	$404K	$498K	10x	as long as short
Hyperliquid TAO	+0.1294%	1h	291.72	−0.167%	$83.0M	$55.5M	5x	as long as short
Injective TAO/USDC PERP	+0.2947%	1h	291.06	−0.393%	$21K	$39K	12x	as long as short