Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0020%/8h= +2.1% APRpaid last 24h −0.042%

Price spread now: Paradex against Aster−0.487%7-day average — · you buy dearer than you sell

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

Long on Aster 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 airdropAster: Stage 5 · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.487% cheaper against Aster than usual: you would sell low and buy high (spread −0.487% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$49 on $10k: about 3 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	316.93	0.0178	pay 0.0089% / 4h	1m 03s	$1.1M	$7.9M	50x
Short	Paradex TAO-USD-PERP	315.38	0.0197	get 0.0197% / 8h	1m 03s	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aster. 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 AsterbpFee ParadexbpOrdersPrice spread, now −0.487%Rate

Funding earned: $4.12
Price spread: −0.487% → 0.000%: −$48.73
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$56.61
Costs to cover: 0.120%
Break-even: 103.2 days

Slippage unknown: Aster: 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 Aster live order book, 3 min ago	2.69 bp	9.3 bp −$9	22.8 bp −$228	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	−0.2086%	1h	311.96	−1.567%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.26	−0.527%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.05	−0.278%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	315.12	−0.570%	$23K	$374	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.07	−0.270%	$39K	$569K	20x	as long as short
Pacifica TAO	+0.0100%	1h	315.63	−0.407%	$373K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.46	+0.169%	$90.1M	$432.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	317.61	+0.216%	$65.4M	$128.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.30	+0.118%	$25.6M	$104.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.30	+0.118%	$12.7M	$50.7M	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	317.25	+0.102%	$114.2M	$133.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.33	+0.127%	$18.9M	$28.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.20	+0.086%	$35.5M	$47.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	317.35	+0.134%	—	$30.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	316.07	−0.270%	$41K	$282K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.90	−1.271%	$524K	$952K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.22	−0.223%	$47K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	316.50	−0.134%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.00	−0.292%	$61K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.27	−0.207%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.09	−0.264%	$126K	$422K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.64	−0.090%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.99	−0.294%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	315.60	−0.418%	$1K	$577K	5x	as long as short
Polymarket Perps TAO-USD	+0.0115%	1h	316.31	−0.194%	$77K	$450K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	316.02	−0.286%	$450K	—	100x	as long as short
Aster TAOUSDTlong	+0.0178%	4h	316.93	long leg	$1.1M	$7.9M	50x
Arcus TAO-USD	+0.0186%	1h	315.88	−0.330%	$83K	$545K	5x	as long as short
Paradex TAO-USD-PERPshort	+0.0197%	8h	315.38	−0.487%	$14K	$1K	10x
Variational Omni TAO	+0.0233%	4h	316.35	−0.181%	$5.4M	$8.5M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	317.54	+0.194%	$4.4M	$10.7M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0406%	1h	315.96	−0.306%	$29K	$1.5M	25x	as long as short
Nado TAO-PERP	+0.0430%	1h	316.11	−0.258%	$858K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0444%	1h	316.26	−0.211%	$5.8M	$19.9M	50x	as long as short
Phoenix TAO	+0.0537%	1h	316.20	−0.229%	$331K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0552%	1h	317.67	+0.235%	$316K	$813K	10x	as long as short
01 Exchange TAOUSD	+0.0592%	1h	316.21	−0.226%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	316.09	−0.263%	$364	—	20x	as long as short
Extended TAO-USD	+0.0904%	1h	317.16	+0.074%	$900K	$2.2M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	317.02	+0.030%	$1.5M	$5.9M	50x	as long as short
Lighter TAO	+0.1184%	1h	317.61	+0.216%	$1.7M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	315.63	−0.409%	$418K	$584K	5x	as long as short
Hyperliquid TAO	+0.1590%	1h	317.86	+0.295%	$99.6M	$84.9M	5x	as long as short