Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0530%/8h= −58.1% APRpaid last 24h −0.204%

Price spread now: MEXC against RISEx−0.027%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−$16as in the Price arb table

costs, in and out, $10k−$150.146% 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)−0.537%−$54 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.027%, 7d avg −0.018%

Together, before fees−0.585%−$58 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.018%, so right now this pair is about funding alone: −$16 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	315.54	0.0666	pay 0.0083% / 1h	44m 48s	$436K	$672K	5x
Short	MEXC TAO_USDT	315.46	0.0136	get 0.0068% / 4h	1h 44m	$105.9M	$147.7M	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 −0.027%Rate

Funding earned: −$111.35
Price spread: −0.027% → −0.018%: −$0.88
Slippage, 4 orders: −$8.65
Fee RISEx: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$126.87
Costs to cover: 0.146%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; MEXC: live order book, 2 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, 2 min ago	2.22 bp	5.2 bp −$5	20.4 bp −$204	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	1.11 bp	2.0 bp −$2	8.2 bp −$82	30.7 bp −$3,074	96.9 bp −$48.5K

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	315.42	−0.040%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.71	+0.052%	$50K	$632K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.40	−0.046%	$26.8M	$127.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.20	−0.109%	$15.7M	$47.6M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.34	−0.065%	$17.5M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.10	−0.141%	$35.7M	$55.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.83	+0.091%	$45K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.38	−0.052%	$81K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.34	−0.065%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.08	−0.147%	$112K	$567K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0104%	8h	315.41	−0.043%	$1K	$1.3M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	315.61	+0.020%	$173K	$998	3x	as long as short
Bybit TAOUSDT	+0.0119%	4h	315.47	−0.024%	$69.0M	$155.7M	50x	as long as short
Binance TAOUSDT	+0.0135%	4h	315.42	−0.039%	$92.8M	$511.0M	75x	as long as short
edgeX TAOUSDC	+0.0136%	4h	315.81	+0.084%	$42K	$324K	10x	as long as short
MEXC TAO_USDTshort	+0.0136%	4h	315.46	−0.027%	$105.9M	$147.7M	300x
BingX TAO-USDT	+0.0138%	4h	315.41	−0.043%	—	$38.0M	—	as long as short
Lighter TAO	+0.0192%	1h	315.64	+0.030%	$1.6M	$6.6M	5x	as long as short
Extended TAO-USD	+0.0200%	1h	315.47	−0.024%	$954K	$2.1M	25x	as long as short
Paradex TAO-USD-PERP	+0.0200%	8h	315.58	+0.011%	$14K	$876	10x	as long as short
Phemex TAOUSDT	+0.0219%	4h	315.67	+0.040%	$3.2M	$8.1M	50x	as long as short
Pacifica TAO	+0.0240%	1h	315.54	−0.003%	$374K	$456K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0246%	4h	316.07	+0.166%	$539K	$795K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0252%	4h	315.53	−0.005%	$53K	$262K	10x	as long as short
Bullet TAO-USD	+0.0258%	1h	315.66	+0.036%	$12K	$16K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0288%	1h	315.50	−0.015%	$15K	$1.9M	25x	as long as short
Aster TAOUSDT	+0.0298%	4h	315.51	−0.010%	$1.2M	$11.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0359% / S −0.0107%	1h	315.25	−0.093%	$371K	—	100x	as long as short
BloFin TAO-USDT	+0.0376%	4h	315.50	−0.014%	$4.9M	$10.5M	100x	as long as short
Nado TAO-PERP	+0.0385%	1h	315.50	−0.015%	$694K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0452%	4h	315.92	+0.120%	$5.6M	$9.9M	—	as long as short
Hyperliquid TAO	+0.0478%	1h	315.48	−0.020%	$94.9M	$107.1M	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	315.90	+0.113%	$3K	$2K	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	315.93	+0.122%	$100K	$310K	5x	as long as short
Bulk TAO-USD	+0.0627%	1h	316.13	+0.186%	$168K	$0	10x	as long as short
Phoenix TAO	+0.0650%	1h	316.10	+0.176%	$318K	$710K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0657%	1h	315.79	+0.078%	$297K	$1.1M	10x	as long as short
RISEx TAO/USDClong	+0.0666%	1h	315.54	long leg	$436K	$672K	5x
Coinbase International TAO-PERP-INTX	+0.0688%	1h	315.80	+0.081%	$1.1M	$7.6M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	315.53	−0.005%	$363	—	20x	as long as short
dYdX TAO-USD	+0.0767%	1h	315.21	−0.107%	$266K	$230K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0933%	1h	315.67	+0.040%	$6.2M	$19.5M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	320.28	+1.501%	$23K	$2K	12x	as long as short