Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0327%/8h= +35.8% APRpaid last 24h +0.128%

Price spread now: RISEx against BloFin−0.058%97s7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$270.268% of the position

Long on BloFin Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.252%+$25 on $10k

Price spread, last 4 days (all we have)+0.054%+$5 · spread now −0.058%, 7d avg −0.005%

Together, before fees+0.306%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.053% cheaper against BloFin than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of −0.005%). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$10 a day). The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TAO-USDT	317.96	0.0374	pay 0.0187% / 4h	2h 15m	$4.9M	$10.5M	100x
Short	RISEx TAO/USDC	317.78	0.0701	get 0.0088% / 1h	15m 19s	$440K	$704K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against BloFin. 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 BloFinbpFee RISExbpOrdersPrice spread, now −0.058%Rate

Funding earned: $68.7
Price spread: −0.058% → −0.005%: −$5.25
Slippage, 4 orders: −$8.8
Fee BloFin: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $36.65
Costs to cover: 0.268%
Break-even: 3.3 days

Slippage from BloFin: live order book, 7 min ago; RISEx: live order book, 36 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 BloFin live order book, 7 min ago	0.63 bp	8.9 bp −$9	18.3 bp −$183	33.9 bp −$3,392	doesn't fit
Sell RISEx live order book, 36 min ago	1.88 bp	4.9 bp −$5	21.7 bp −$217	doesn't fit	doesn't fit

TAO on 43 exchanges

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 −0.0003%	1h	317.91	−0.015%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.99	+0.009%	$51K	$633K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	317.75	−0.066%	$69.7M	$155.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.70	−0.082%	$27.0M	$129.3M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	318.16	+0.063%	$169K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.70	−0.082%	$15.7M	$49.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.68	−0.088%	$17.6M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.44	−0.164%	$36.0M	$56.8M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.58	−0.120%	$45K	$256K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.54	−0.132%	$81K	$1.1M	5x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	317.64	−0.101%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.38	−0.182%	$117K	$556K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	318.12	+0.050%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0105%	8h	317.90	−0.019%	$897	$1.3M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	317.66	−0.093%	$174K	$998	3x	as long as short
edgeX TAOUSDC	+0.0132%	4h	317.78	−0.058%	$42K	$325K	10x	as long as short
BingX TAO-USDT	+0.0133%	4h	317.87	−0.028%	—	$39.0M	—	as long as short
MEXC TAO_USDT	+0.0134%	4h	317.92	−0.013%	$110.9M	$152.0M	300x	as long as short
Binance TAOUSDT	+0.0135%	4h	317.72	−0.075%	$93.3M	$515.4M	75x	as long as short
Paradex TAO-USD-PERP	+0.0199%	8h	317.85	−0.034%	$14K	$876	10x	as long as short
Extended TAO-USD	+0.0240%	1h	317.78	−0.056%	$961K	$2.1M	25x	as long as short
Orderly PERP_TAO_USDC	+0.0253%	4h	317.64	−0.101%	$53K	$262K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0266%	4h	317.88	−0.025%	$540K	$814K	10x	as long as short
Pacifica TAO	+0.0301%	1h	317.93	−0.010%	$371K	$448K	10x	as long as short
Aster TAOUSDT	+0.0313%	4h	317.80	−0.050%	$1.2M	$11.3M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0361% / S −0.0107%	1h	317.88	−0.026%	$374K	—	100x	as long as short
Arcus TAO-USD	+0.0364%	1h	318.14	+0.057%	$100K	$325K	5x	as long as short
BloFin TAO-USDTlong	+0.0374%	4h	317.96	long leg	$4.9M	$10.5M	100x
Lighter TAO	+0.0376%	1h	318.00	+0.013%	$1.6M	$6.7M	5x	as long as short
Bullet TAO-USD	+0.0393%	1h	317.92	−0.014%	$12K	$17K	20x	as long as short
Variational Omni TAO	+0.0421%	4h	318.09	+0.040%	$5.7M	$9.8M	—	as long as short
Nado TAO-PERP	+0.0444%	1h	317.88	−0.026%	$707K	$2.0M	10x	as long as short
Phoenix TAO	+0.0567%	1h	318.20	+0.075%	$320K	$712K	5x	as long as short
dYdX TAO-USD	+0.0605%	1h	317.52	−0.138%	$268K	$235K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0671%	1h	318.34	+0.120%	$298K	$1.1M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0683%	1h	318.21	+0.079%	$6.2M	$19.7M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	317.79	−0.052%	$365	—	20x	as long as short
RISEx TAO/USDCshort	+0.0701%	1h	317.78	−0.058%	$440K	$704K	5x
Deribit TAO_USDC-PERPETUAL	+0.0707%	1h	318.14	+0.057%	$14K	$1.9M	25x	as long as short
Hyperliquid TAO	+0.0783%	1h	317.95	−0.003%	$95.9M	$108.3M	5x	as long as short
01 Exchange TAOUSD	+0.0784%	1h	318.40	+0.138%	$3K	$2K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0832%	1h	318.09	+0.041%	$1.1M	$7.7M	50x	as long as short
Injective TAO/USDC PERP	+0.3320%	1h	322.26	+1.352%	$23K	$2K	12x	as long as short