Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0110%/8h= +12.1% APRpaid last 24h +0.253%

Price spread now: Paradex against Bulk+0.474%7-day average — · you sell dearer than you buy

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

Long on Bulk Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Paradex is 0.474% dearer against Bulk than usual: you sell high and buy low: +$47 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bulk TAO-USD	305.44	0.0052	pay 0.0007% / 1h	20m 39s	$200K	$57K	10x
Short	Paradex TAO-USD-PERP	306.89	0.0163	get 0.0163% / 8h	2h 20m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bulk. 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 BulkbpFee ParadexbpOrdersPrice spread, now +0.474%Rate

Funding earned: $23.13
Price spread: +0.474% → 0.000%: $47.43
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $59.56
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Bulk: 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 Bulk live order book, 3 min ago	0.16 bp	3.7 bp −$4	5.1 bp −$51	10.6 bp −$1,063	39.7 bp −$19.8K
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
dYdX TAO-USD	0.0000%	1h	306.68	+0.406%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	307.94	+0.817%	$26K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0034%	1h	308.35	+0.953%	$16K	$1.3M	25x	as long as short
Bulk TAO-USDlong	+0.0052%	1h	305.44	long leg	$200K	$57K	10x
Popdex TAOUSDT	+0.0096%	1h	306.91	+0.481%	$41K	$530K	20x	as long as short
Pacifica TAO	+0.0100%	1h	307.12	+0.550%	$363K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.91	+0.480%	$85.8M	$404.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.95	+0.494%	$59.4M	$118.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.00	+0.511%	$25.3M	$93.0M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.42	+0.648%	$137K	$599K	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	306.70	+0.413%	$12.2M	$48.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	306.89	+0.475%	$115.1M	$124.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	307.39	+0.638%	$18.6M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.69	+0.409%	$34.4M	$44.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	306.86	+0.465%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.90	+0.150%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.92	+0.812%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.12	+0.550%	$538K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.95	+0.822%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.45	+0.985%	$78K	$675K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.16	+0.891%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.28	+0.930%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.23	+0.913%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.36	+0.956%	$121K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	308.19	+0.900%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.48	+0.997%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	306.91	+0.481%	$877	$438K	5x	as long as short
Paradex TAO-USD-PERPshort	+0.0163%	8h	306.89	+0.474%	$14K	$1K	10x
Aster TAOUSDT	+0.0169%	4h	307.24	+0.588%	$1.1M	$7.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.98	+0.830%	$440K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	307.90	+0.805%	$326K	$462K	5x	as long as short
Nado TAO-PERP	+0.0290%	1h	308.33	+0.947%	$846K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.32	+0.943%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0512%	1h	307.21	+0.579%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.72	+0.746%	$354	—	20x	as long as short
Extended TAO-USD	+0.0712%	1h	306.87	+0.467%	$902K	$2.0M	25x	as long as short
Lighter TAO	+0.0912%	1h	307.06	+0.529%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	309.18	+1.224%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1022%	1h	308.52	+1.008%	$6.3M	$19.2M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.09	+0.540%	$411K	$539K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1081%	1h	308.30	+0.936%	$445K	$715K	10x	as long as short
Hyperliquid TAO	+0.1735%	1h	308.09	+0.868%	$94.3M	$75.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	305.96	+0.170%	$22K	$171	12x	as long as short