Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0476%/8h= −52.1% APRpaid last 24h −0.089%

Price spread now: BloFin against RISEx+0.037%7-day average +0.005% · 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−$25as in the Price arb table

costs, in and out, $10k−$280.285% of the position

Long on RISEx Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.217%−$22 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.037%, 7d avg +0.005%

Together, before fees−0.240%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.032% dearer against RISEx than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of +0.005%): +$3 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 4 days (−0.217% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	311.26	0.0816	pay 0.0102% / 1h	40m 58s	$438K	$659K	5x
Short	BloFin TAO-USDT	311.38	0.0340	get 0.0170% / 4h	3h 40m	$4.5M	$10.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$99.97
Price spread: +0.037% → +0.005%: $3.23
Slippage, 4 orders: −$10.5
Fee RISEx: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$125.23
Costs to cover: 0.285%
Break-even: never at this rate

Slippage from RISEx: live order book, 13 min ago; BloFin: live order book, 3 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, 13 min ago	1.59 bp	4.6 bp −$5	25.8 bp −$258	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	2.41 bp	9.5 bp −$9	15.6 bp −$156	28.2 bp −$2,817	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	−0.0349%	1h	311.35	+0.026%	$5.5M	$20.7M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	310.89	−0.119%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.02	−0.080%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.25	−0.005%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	310.76	−0.162%	$2K	$818K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.29	+0.008%	$355K	$413K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.44	+0.056%	$89.4M	$499.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.63	+0.117%	$67.0M	$150.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.60	+0.108%	$25.9M	$120.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.90	−0.117%	$13.0M	$49.7M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	311.38	+0.037%	$101.2M	$144.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.27	+0.002%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.23	−0.011%	$34.8M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.28	+0.005%	—	$33.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.57	+0.099%	$41K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.95	+0.219%	$529K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.53	+0.085%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	310.97	−0.095%	$81K	$889K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.48	+0.069%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.12	−0.046%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.77	−0.159%	$108K	$538K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.45	+0.061%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0108%	4h	311.34	+0.024%	$1.2M	$10.4M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0114%	4h	311.22	−0.014%	$52K	$270K	10x	as long as short
Bulk TAO-USD	+0.0125%	1h	311.89	+0.201%	$166K	$333	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0140% / S +0.0132%	1h	311.05	−0.069%	$413K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0145%	8h	311.10	−0.053%	$14K	$1K	10x	as long as short
Extended TAO-USD	+0.0208%	1h	311.29	+0.009%	$908K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.56	+0.095%	$101K	$394K	5x	as long as short
Hyperliquid TAO	+0.0264%	1h	311.48	+0.069%	$91.4M	$107.4M	5x	as long as short
Nado TAO-PERP	+0.0284%	1h	311.25	−0.004%	$790K	$2.2M	10x	as long as short
Variational Omni TAO	+0.0303%	4h	311.43	+0.053%	$5.5M	$10.0M	—	as long as short
BloFin TAO-USDTshort	+0.0340%	4h	311.38	+0.037%	$4.5M	$10.8M	100x
01 Exchange TAOUSD	+0.0432%	1h	311.37	+0.034%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0432%	1h	311.43	+0.053%	$309K	$906K	10x	as long as short
Phoenix TAO	+0.0457%	1h	312.50	+0.397%	$311K	$711K	5x	as long as short
Lighter TAO	+0.0472%	1h	311.62	+0.113%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0630%	1h	311.34	+0.025%	$20K	$1.8M	25x	as long as short
Phemex TAOUSDT	+0.0696%	4h	311.11	−0.050%	$3.2M	$8.0M	50x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.34	+0.023%	$358	—	20x	as long as short
RISEx TAO/USDClong	+0.0816%	1h	311.26	long leg	$438K	$659K	5x
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.87	+0.194%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.38	+1.965%	$23K	$2K	12x	as long as short