Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.1059%/8h= −115.9% APRpaid last 24h −0.138%

Price spread now: MEXC against RISEx+0.037%7-day average −0.020% · 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−$13as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on RISEx Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.444%−$44 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.037%, 7d avg −0.020%

Together, before fees−0.534%−$53 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.057% dearer against RISEx than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.020%): +$6 on $10k if it goes back. Holding the pair costs −$32 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 4 days (−0.444% in total) that is about 11 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	315.20	0.1159	pay 0.0145% / 1h	50m 09s	$446K	$626K	5x
Short	MEXC TAO_USDT	315.32	0.0100	get 0.0050% / 4h	1h 50m	$104.5M	$137.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$222.31
Price spread: +0.037% → −0.020%: $5.67
Slippage, 4 orders: −$12.74
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$235.38
Costs to cover: 0.187%
Break-even: never at this rate

Slippage from RISEx: live order book, 13 min ago; MEXC: 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, 13 min ago	3.45 bp	6.5 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	0.47 bp	3.6 bp −$4	8.1 bp −$81	27.6 bp −$2,762	88.2 bp −$44.1K

TAO on 42 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	−0.2257%	1h	317.17	+0.624%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.49	+0.409%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.32	+0.036%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.34	+0.043%	$45K	$645K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.30	+0.029%	$91.1M	$468.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.10	−0.033%	$26.0M	$114.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.10	−0.033%	$12.9M	$49.1M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	315.32	+0.037%	$104.5M	$137.9M	300x
KuCoin TAOUSDTM	+0.0100%	4h	315.63	+0.135%	$18.1M	$30.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.16	−0.014%	$35.2M	$53.5M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.85	+0.841%	$36K	$301K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.20	−0.001%	$77K	$756K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.50	+0.094%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.01	−0.061%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.56	−0.204%	$129K	$475K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.27	+0.021%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.59	+0.124%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	315.41	+0.066%	$670	$743K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0164% / S +0.0105%	1h	315.00	−0.064%	$428K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0216%	4h	318.53	+1.055%	$530K	$946K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0249%	1h	315.15	−0.015%	$5.6M	$20.5M	50x	as long as short
Aster TAOUSDT	+0.0300%	4h	315.33	+0.040%	$1.2M	$9.3M	50x	as long as short
Bullet TAO-USD	+0.0314%	1h	315.40	+0.061%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0345%	8h	316.90	+0.537%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0378%	1h	315.28	+0.026%	$30K	$1.6M	25x	as long as short
Pacifica TAO	+0.0448%	1h	316.42	+0.386%	$374K	$393K	10x	as long as short
ApeX Omni TAOUSDT	+0.0473%	1h	317.85	+0.840%	$48K	$253K	50x	as long as short
Phoenix TAO	+0.0504%	1h	317.80	+0.824%	$333K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	315.61	+0.129%	$99K	$489K	5x	as long as short
Nado TAO-PERP	+0.0612%	1h	315.37	+0.054%	$760K	$2.1M	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.27	+0.020%	$363	—	20x	as long as short
BingX TAO-USDT	+0.0700%	4h	315.46	+0.082%	—	$30.3M	—	as long as short
Bybit TAOUSDT	+0.0726%	4h	315.44	+0.075%	$67.2M	$139.0M	50x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	315.44	+0.075%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0878%	1h	315.35	+0.047%	$319K	$802K	10x	as long as short
Variational Omni TAO	+0.0881%	4h	317.62	+0.768%	$6.0M	$9.6M	—	as long as short
Extended TAO-USD	+0.0928%	1h	315.20	+0.001%	$891K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	319.77	+1.449%	$1.5M	$6.5M	50x	as long as short
Lighter TAO	+0.1056%	1h	315.74	+0.170%	$1.6M	$6.1M	5x	as long as short
RISEx TAO/USDClong	+0.1159%	1h	315.20	long leg	$446K	$626K	5x
Hyperliquid TAO	+0.1429%	1h	315.73	+0.167%	$99.9M	$98.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	320.94	+1.820%	$23K	$2K	12x	as long as short