Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0183%/8h= +20.1% APRpaid last 24h +0.011%

Price spread now: Paradex against ApeX Omni−0.054%7-day average — · you buy dearer than you sell

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

Long on ApeX Omni 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 0.054% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.054% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 24 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TAOUSDT	316.78	0.0164	pay 0.0021% / 1h	58m 55s	$47K	$252K	50x
Short	Paradex TAO-USD-PERP	316.61	0.0348	get 0.0348% / 8h	5h 58m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against ApeX Omni. 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 ApeX OmnibpFee ParadexbpOrdersPrice spread, now −0.054%Rate

Funding earned: $38.5
Price spread: −0.054% → 0.000%: −$5.43
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $19.06
Costs to cover: 0.140%
Break-even: 3.5 days

Slippage unknown: ApeX Omni: live order book, 3 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 ApeX Omni live order book, 3 min ago	5.52 bp	12.5 bp −$13	117.8 bp −$1,178	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 42 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	−0.0185%	1h	315.28	−0.474%	$167K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.37	−0.131%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.53	−0.080%	$10K	—	150x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.93	+0.047%	$91.6M	$466.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.30	+0.164%	$26.3M	$114.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.80	+0.006%	$12.9M	$48.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.36	+0.183%	$104.0M	$137.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.98	+0.063%	$18.0M	$30.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.14	+0.114%	$35.4M	$53.3M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	317.02	+0.075%	$36K	$302K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Orderly PERP_TAO_USDC	+0.0100%	4h	316.83	+0.016%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.72	−0.019%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.81	+0.009%	$129K	$472K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.90	+0.038%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.17	+0.122%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	316.47	−0.098%	$673	$727K	5x	as long as short
ApeX Omni TAOUSDTlong	+0.0164%	1h	316.78	long leg	$47K	$252K	50x
GMX TAO/USD [WBTC.b-USDC]	L +0.0166% / S +0.0103%	1h	316.52	−0.082%	$429K	—	100x	as long as short
Polymarket Perps TAO-USD	+0.0175%	1h	316.38	−0.126%	$76K	$721K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0198%	4h	317.41	+0.199%	$528K	$957K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0248%	1h	316.80	+0.006%	$5.6M	$20.5M	50x	as long as short
Aster TAOUSDT	+0.0275%	4h	316.88	+0.030%	$1.2M	$9.3M	50x	as long as short
Pacifica TAO	+0.0285%	1h	316.60	−0.058%	$374K	$393K	10x	as long as short
Popdex TAOUSDT	+0.0304%	1h	316.62	−0.051%	$43K	$642K	20x	as long as short
Arcus TAO-USD	+0.0337%	1h	317.08	+0.095%	$100K	$489K	5x	as long as short
Paradex TAO-USD-PERPshort	+0.0348%	8h	316.61	−0.054%	$14K	$1K	10x
01 Exchange TAOUSD	+0.0432%	1h	316.81	+0.009%	$3K	$4K	5x	as long as short
Bullet TAO-USD	+0.0450%	1h	316.88	+0.031%	$12K	$18K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0533%	1h	316.85	+0.022%	$14K	$1.6M	25x	as long as short
Phoenix TAO	+0.0588%	1h	318.30	+0.480%	$334K	$672K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0686%	1h	317.36	+0.183%	$321K	$805K	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.48	−0.095%	$364	—	20x	as long as short
BingX TAO-USDT	+0.0720%	4h	317.16	+0.120%	—	$30.9M	—	as long as short
Bybit TAOUSDT	+0.0722%	4h	317.32	+0.170%	$67.4M	$138.1M	50x	as long as short
Variational Omni TAO	+0.0848%	4h	316.96	+0.057%	$6.1M	$9.5M	—	as long as short
Extended TAO-USD	+0.0888%	1h	317.32	+0.171%	$896K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.08	+0.095%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	316.63	−0.047%	$447K	$626K	5x	as long as short
Hyperliquid TAO	+0.1267%	1h	317.51	+0.230%	$100.0M	$97.3M	5x	as long as short
Nado TAO-PERP	+0.1313%	1h	316.67	−0.034%	$758K	$2.1M	10x	as long as short
Lighter TAO	+0.1424%	1h	317.31	+0.168%	$1.6M	$6.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	320.94	+1.313%	$23K	$2K	12x	as long as short