Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0731%/8h= −80.1% APRpaid last 24h −0.190%

Price spread now: Gate against RISEx+0.095%7-day average −0.054% · 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−$26as in the Price arb table

costs, in and out, $10k−$400.405% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.516%−$52 on $10k

Price spread, last 4 days (all we have)−0.145%−$14 · spread now +0.095%, 7d avg −0.054%

Together, before fees−0.661%−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.149% dearer against RISEx than usual: you sell high and buy low (spread +0.095% now, against its 7-day average of −0.054%): +$15 on $10k if it goes back. Holding the pair costs −$22 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	318.90	0.0831	pay 0.0104% / 1h	50m 06s	$444K	$680K	5x
Short	Gate TAO_USDT	319.20	0.0100	get 0.0050% / 4h	50m 06s	$14.5M	$50.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.095%Rate

Funding earned: −$153.57
Price spread: +0.095% → −0.054%: $14.94
Slippage, 4 orders: −$19.47
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$179.1
Costs to cover: 0.405%
Break-even: never at this rate

Slippage from RISEx: live order book, 53 min ago; Gate: live order book, 4 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, 53 min ago	1.09 bp	4.1 bp −$4	25.4 bp −$254	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	3.15 bp	16.9 bp −$17	21.9 bp −$219	61.7 bp −$6,170	114.5 bp −$57.3K

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	318.61	−0.090%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0067%	1h	318.50	−0.124%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.97	+0.023%	$44K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.60	+0.221%	$26.6M	$130.9M	50x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	319.20	+0.095%	$14.5M	$50.9M	50x
KuCoin TAOUSDTM	+0.0100%	4h	319.50	+0.189%	$18.0M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.33	+0.136%	$35.9M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.66	−0.388%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.82	−0.024%	$85K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.70	−0.062%	$1K	$2.0M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	318.30	−0.187%	$116K	$604K	20x	as long as short
Katana Perps TAO-USD	+0.0107%	8h	318.85	−0.015%	$2K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0110% / S +0.0157%	1h	318.60	−0.091%	$424K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.11	+0.068%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0140%	4h	319.14	+0.076%	$53K	$293K	10x	as long as short
edgeX TAOUSDC	+0.0161%	4h	317.66	−0.388%	$42K	$318K	10x	as long as short
MEXC TAO_USDT	+0.0166%	4h	319.59	+0.217%	$108.2M	$150.5M	300x	as long as short
Binance TAOUSDT	+0.0173%	4h	319.66	+0.238%	$92.8M	$529.5M	75x	as long as short
Paradex TAO-USD-PERP	+0.0238%	8h	318.99	+0.029%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0248%	4h	319.59	+0.217%	—	$37.1M	—	as long as short
Bybit TAOUSDT	+0.0259%	4h	319.69	+0.249%	$70.0M	$156.2M	50x	as long as short
Pacifica TAO	+0.0313%	1h	318.67	−0.069%	$362K	$427K	10x	as long as short
Bulk TAO-USD	+0.0314%	1h	317.73	−0.366%	$169K	$333	10x	as long as short
GRVT TAO_USDT_Perp	+0.0316%	4h	317.65	−0.390%	$542K	$926K	10x	as long as short
Aster TAOUSDT	+0.0334%	4h	319.50	+0.190%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0336%	1h	319.26	+0.113%	$908K	$2.4M	25x	as long as short
Bullet TAO-USD	+0.0345%	1h	319.05	+0.048%	$12K	$17K	20x	as long as short
Lighter TAO	+0.0360%	1h	319.63	+0.230%	$1.6M	$6.9M	5x	as long as short
BloFin TAO-USDT	+0.0408%	4h	319.00	+0.032%	$4.7M	$11.0M	100x	as long as short
Nado TAO-PERP	+0.0419%	1h	319.00	+0.032%	$790K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	319.15	+0.079%	$103K	$389K	5x	as long as short
Variational Omni TAO	+0.0505%	4h	318.69	−0.064%	$5.6M	$10.3M	—	as long as short
Phemex TAOUSDT	+0.0557%	4h	319.67	+0.243%	$3.2M	$8.2M	50x	as long as short
Phoenix TAO	+0.0629%	1h	318.20	−0.218%	$317K	$703K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0687%	1h	319.47	+0.179%	$15K	$2.0M	25x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.90	0.000%	$367	—	20x	as long as short
01 Exchange TAOUSD	+0.0728%	1h	319.38	+0.152%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0755%	1h	319.80	+0.283%	$298K	$905K	10x	as long as short
Hyperliquid TAO	+0.0789%	1h	319.91	+0.318%	$94.6M	$110.0M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0829%	1h	319.63	+0.230%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDClong	+0.0831%	1h	318.90	long leg	$444K	$680K	5x
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.35	+0.142%	$1.6M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	320.67	+0.556%	$23K	$2K	12x	as long as short