Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0848%/8h= +92.9% APRpaid last 24h +0.170%

Price spread now: RISEx against Gate+0.109%7-day average +0.053% · 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−$410.412% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.491%+$49 on $10k

Price spread, last 4 days (all we have)−0.054%−$5 · spread now +0.109%, 7d avg +0.053%

Together, before fees+0.437%+$44 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$25 a day on $10k at the current rate, and RISEx is 0.056% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.053%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	313.30	0.0100	pay 0.0050% / 4h	2h 47m	$13.7M	$50.4M	50x
Short	RISEx TAO/USDC	313.64	0.0948	get 0.0118% / 1h	47m 18s	$452K	$651K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Gate. 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 GatebpFee RISExbpOrdersPrice spread, now +0.109%Rate

Funding earned: $178.07
Price spread: +0.109% → +0.053%: $5.64
Slippage, 4 orders: −$20.21
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $142.5
Costs to cover: 0.412%
Break-even: 1.4 days

Slippage from Gate: live order book, 2 min ago; RISEx: live order book, 1 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 Gate live order book, 2 min ago	1.60 bp	15.9 bp −$16	43.0 bp −$430	60.6 bp −$6,056	99.7 bp −$49.9K
Sell RISEx live order book, 1 min ago	1.75 bp	4.8 bp −$5	19.2 bp −$192	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
dYdX TAO-USD	0.0000%	1h	313.35	+0.015%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.34	+0.012%	$22K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	313.43	+0.041%	$642	$887K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.65	+0.113%	$89.7M	$505.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.70	+0.128%	$26.2M	$122.1M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	313.30	long leg	$13.7M	$50.4M	50x
MEXC TAO_USDT	+0.0100%	4h	313.63	+0.105%	$104.8M	$144.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.64	+0.109%	$17.5M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.46	+0.051%	$35.3M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.37	+0.021%	$41K	$315K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.44	+0.045%	$81K	$909K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.25	−0.016%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.12	−0.057%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.85	+0.177%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	313.66	+0.115%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0132% / S +0.0137%	1h	313.28	−0.005%	$419K	—	100x	as long as short
Bulk TAO-USD	+0.0138%	1h	312.42	−0.280%	$166K	$333	10x	as long as short
Aster TAOUSDT	+0.0161%	4h	313.74	+0.139%	$1.3M	$10.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0232%	8h	313.61	+0.098%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0233%	1h	313.72	+0.135%	$357K	$419K	10x	as long as short
ApeX Omni TAOUSDT	+0.0255%	1h	312.72	−0.185%	$46K	$255K	50x	as long as short
Nado TAO-PERP	+0.0256%	1h	313.79	+0.156%	$780K	$2.2M	10x	as long as short
GRVT TAO_USDT_Perp	+0.0260%	4h	313.21	−0.027%	$532K	$942K	10x	as long as short
Popdex TAOUSDT	+0.0280%	1h	313.67	+0.118%	$49K	$662K	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0304%	1h	313.93	+0.200%	$5.6M	$20.8M	50x	as long as short
Bullet TAO-USD	+0.0334%	1h	313.67	+0.119%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.62	+0.102%	$4.5M	$10.8M	100x	as long as short
Variational Omni TAO	+0.0371%	4h	313.10	−0.064%	$5.5M	$10.1M	—	as long as short
Bybit TAOUSDT	+0.0377%	4h	313.81	+0.163%	$68.0M	$151.3M	50x	as long as short
BingX TAO-USDT	+0.0384%	4h	313.63	+0.105%	—	$33.7M	—	as long as short
Phemex TAOUSDT	+0.0389%	4h	313.58	+0.089%	$3.2M	$8.0M	50x	as long as short
Extended TAO-USD	+0.0392%	1h	313.51	+0.066%	$905K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	313.87	+0.182%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	313.30	0.000%	$312K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0542%	1h	313.76	+0.147%	$14K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.46	+0.050%	$360	—	20x	as long as short
Hyperliquid TAO	+0.0730%	1h	313.80	+0.158%	$91.8M	$108.5M	5x	as long as short
01 Exchange TAOUSD	+0.0792%	1h	314.18	+0.281%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0802%	1h	313.89	+0.188%	$312K	$885K	10x	as long as short
Lighter TAO	+0.0920%	1h	313.94	+0.204%	$1.5M	$6.5M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	314.20	+0.287%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDCshort	+0.0948%	1h	313.64	+0.109%	$452K	$651K	5x
Injective TAO/USDC PERP	+0.3711%	1h	316.07	+0.884%	$23K	$2K	12x	as long as short