Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0567%/8h= +62.1% APRpaid last 24h +0.200%

Price spread now: RISEx against MEXC−0.065%7-day average +0.018% · 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−$22as in the Price arb table

costs, in and out, $10k−$130.133% of the position

Long on MEXC Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.528%+$53 on $10k

Price spread, last 4 days (all we have)+0.124%+$12 · spread now −0.065%, 7d avg +0.018%

Together, before fees+0.652%+$65 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.083% cheaper against MEXC than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of +0.018%). If the spread goes back, that is −$8 on $10k: about 12 hours of funding at the current rate (+$17 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	317.81	0.0134	pay 0.0067% / 4h	2h 07m	$111.9M	$152.3M	300x
Short	RISEx TAO/USDC	317.61	0.0701	get 0.0088% / 1h	7m 23s	$440K	$694K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against MEXC. 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 MEXCbpFee RISExbpOrdersPrice spread, now −0.065%Rate

Funding earned: $119.14
Price spread: −0.065% → +0.018%: −$8.27
Slippage, 4 orders: −$7.25
Fee MEXC: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $97.62
Costs to cover: 0.133%
Break-even: 1.3 days

Slippage from MEXC: live order book, 5 min ago; RISEx: live order book, 44 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 MEXC live order book, 5 min ago	0.63 bp	1.5 bp −$2	8.0 bp −$80	31.4 bp −$3,139	86.2 bp −$43.1K
Sell RISEx live order book, 44 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	317.33	−0.150%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.75	−0.019%	$51K	$632K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	318.22	+0.129%	$69.9M	$155.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.10	+0.091%	$26.9M	$129.3M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	318.16	+0.110%	$169K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.70	−0.035%	$15.7M	$49.4M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.54	−0.085%	$17.6M	$31.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.19	+0.120%	$36.0M	$56.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.58	−0.072%	$45K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.38	−0.135%	$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	317.47	−0.107%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.17	−0.201%	$117K	$553K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.63	−0.057%	$3.2M	$8.0M	50x	as long as short
Katana Perps TAO-USD	+0.0104%	8h	317.75	−0.019%	$1K	$1.3M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	318.07	+0.081%	$175K	$998	3x	as long as short
MEXC TAO_USDTlong	+0.0134%	4h	317.81	long leg	$111.9M	$152.3M	300x
edgeX TAOUSDC	+0.0136%	4h	317.11	−0.220%	$42K	$323K	10x	as long as short
BingX TAO-USDT	+0.0138%	4h	318.12	+0.098%	—	$37.9M	—	as long as short
Binance TAOUSDT	+0.0140%	4h	318.00	+0.061%	$93.4M	$514.6M	75x	as long as short
Paradex TAO-USD-PERP	+0.0207%	8h	317.76	−0.017%	$14K	$876	10x	as long as short
Orderly PERP_TAO_USDC	+0.0255%	4h	318.14	+0.104%	$53K	$262K	10x	as long as short
Extended TAO-USD	+0.0256%	1h	317.66	−0.048%	$956K	$2.1M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0260%	4h	316.82	−0.311%	$540K	$824K	10x	as long as short
Pacifica TAO	+0.0301%	1h	317.86	+0.016%	$371K	$445K	10x	as long as short
Aster TAOUSDT	+0.0311%	4h	318.02	+0.067%	$1.2M	$11.3M	50x	as long as short
Lighter TAO	+0.0360%	1h	317.94	+0.040%	$1.6M	$6.7M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0361% / S −0.0107%	1h	317.36	−0.141%	$373K	—	100x	as long as short
Arcus TAO-USD	+0.0364%	1h	318.01	+0.063%	$100K	$325K	5x	as long as short
BloFin TAO-USDT	+0.0375%	4h	317.34	−0.148%	$4.9M	$10.4M	100x	as long as short
Bullet TAO-USD	+0.0395%	1h	318.03	+0.068%	$12K	$17K	20x	as long as short
Variational Omni TAO	+0.0417%	4h	317.36	−0.140%	$5.7M	$9.8M	—	as long as short
Nado TAO-PERP	+0.0428%	1h	317.70	−0.035%	$699K	$2.0M	10x	as long as short
dYdX TAO-USD	+0.0532%	1h	317.42	−0.122%	$268K	$235K	5x	as long as short
Phoenix TAO	+0.0567%	1h	317.30	−0.160%	$319K	$712K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0610%	1h	317.57	−0.077%	$15K	$1.9M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0668%	1h	317.75	−0.019%	$297K	$1.1M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0684%	1h	317.68	−0.040%	$6.2M	$19.6M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	317.62	−0.058%	$365	—	20x	as long as short
RISEx TAO/USDCshort	+0.0701%	1h	317.61	−0.065%	$440K	$694K	5x
Hyperliquid TAO	+0.0747%	1h	317.79	−0.006%	$95.9M	$107.1M	5x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	318.07	+0.082%	$3K	$2K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0832%	1h	317.62	−0.060%	$1.1M	$7.8M	50x	as long as short
Injective TAO/USDC PERP	+0.3320%	1h	320.96	+0.991%	$23K	$2K	12x	as long as short