Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0085%/8h= +9.3% APRpaid last 24h 0.000%

Price spread now: Paradex against Aevo−0.060%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Aevo Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.060% cheaper against Aevo than usual: you would sell low and buy high (spread −0.060% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 2.4 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	313.32	0.0104	pay 0.0013% / 1h	43m 06s	$172K	$998	3x
Short	Paradex TAO-USD-PERP	313.13	0.0189	get 0.0189% / 8h	43m 06s	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aevo. 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 AevobpFee ParadexbpOrdersPrice spread, now −0.060%Rate

Funding earned: $17.8
Price spread: −0.060% → 0.000%: −$5.98
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$8.18
Costs to cover: 0.200%
Break-even: 10.2 days

Slippage unknown: Aevo: live order book, 36 min ago; Paradex: no order-book sample. Net counts fees only.

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 Aevo live order book, 36 min ago	38.86 bp	55.6 bp −$56	295.0 bp −$2,950	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bulk TAO-USD	−0.4722%	1h	314.01	+0.221%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.08	−0.077%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.05	−0.088%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.39	+0.341%	$23K	$260	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.18	−0.045%	$40K	$551K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.23	−0.028%	$371K	$372K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.74	+0.133%	$88.7M	$424.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.90	+0.185%	$61.5M	$123.8M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.80	+0.153%	$25.1M	$100.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.50	+0.057%	$12.7M	$49.2M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	313.80	+0.153%	$120.2M	$127.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.08	−0.077%	$19.0M	$27.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.76	+0.140%	$35.0M	$46.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.95	+0.201%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.83	−0.155%	$40K	$281K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.31	−0.002%	$528K	$948K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.10	−0.070%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.56	+0.077%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.16	−0.051%	$128K	$395K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.58	+0.083%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	313.32	long leg	$172K	$998	3x
Katana Perps TAO-USD	+0.0110%	8h	313.06	−0.083%	$829	$539K	5x	as long as short
Polymarket Perps TAO-USD	+0.0146%	1h	313.56	+0.077%	$77K	$521K	5x	as long as short
Bullet TAO-USD	+0.0147%	1h	313.49	+0.055%	$11K	$17K	20x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.43	+0.035%	$83K	$626K	5x	as long as short
Variational Omni TAO	+0.0188%	4h	313.49	+0.053%	$3.9M	$7.0M	—	as long as short
Paradex TAO-USD-PERPshort	+0.0189%	8h	313.13	−0.060%	$14K	$1K	10x
Aster TAOUSDT	+0.0208%	4h	313.32	+0.001%	$1.1M	$7.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0226%	1h	312.79	−0.169%	$47K	$270K	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0339%	1h	313.12	−0.065%	$19K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0351%	4h	312.54	−0.249%	$4.3M	$10.2M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0448%	1h	313.66	+0.109%	$5.8M	$19.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0475% / S −0.0175%	1h	313.09	−0.075%	$449K	—	100x	as long as short
Nado TAO-PERP	+0.0529%	1h	313.15	−0.055%	$834K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.60	−0.230%	$327K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0578%	1h	314.00	+0.217%	$301K	$799K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.40	+0.025%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0792%	1h	313.44	+0.038%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0880%	1h	313.02	−0.094%	$863K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	313.92	+0.191%	$1.5M	$5.8M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.38	+0.021%	$431K	$536K	5x	as long as short
Lighter TAO	+0.1432%	1h	314.17	+0.272%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.2048%	1h	314.39	+0.341%	$97.9M	$83.3M	5x	as long as short