Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0715%/8h= −78.3% APRpaid last 24h −0.236%

Price spread now: Paradex against Coinbase International−0.171%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Paradex is 0.171% cheaper against Coinbase International than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TAO-PERP-INTX	313.58	0.0928	pay 0.0116% / 1h	52m 16s	$1.5M	$6.7M	50x
Short	Paradex TAO-USD-PERP	313.04	0.0213	get 0.0213% / 8h	2h 52m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now −0.171%Rate

Funding earned: −$150.19
Price spread: −0.171% → 0.000%: −$17.12
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$181.31
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 2 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 Coinbase International live order book, 2 min ago	9.28 bp	14.3 bp −$14	22.5 bp −$225	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
dYdX TAO-USD	0.0000%	1h	312.43	−0.368%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.62	−0.308%	$20K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	312.82	−0.242%	$640	$877K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.05	−0.169%	$89.5M	$504.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.90	−0.217%	$26.2M	$121.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.60	−0.313%	$13.6M	$50.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.95	−0.201%	$104.2M	$144.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.95	−0.201%	$17.5M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.52	−0.338%	$35.2M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.81	−0.565%	$41K	$314K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	312.79	−0.252%	$81K	$908K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.81	−0.246%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.32	−0.402%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.99	−0.187%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0119%	4h	312.82	−0.242%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0133% / S +0.0137%	1h	312.50	−0.345%	$419K	—	100x	as long as short
Bulk TAO-USD	+0.0138%	1h	312.42	−0.369%	$166K	$333	10x	as long as short
Aster TAOUSDT	+0.0142%	4h	312.92	−0.210%	$1.3M	$10.5M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0204%	4h	313.11	−0.151%	$532K	$942K	10x	as long as short
Paradex TAO-USD-PERPshort	+0.0213%	8h	313.04	−0.171%	$14K	$1K	10x
Popdex TAOUSDT	+0.0232%	1h	313.06	−0.166%	$49K	$662K	20x	as long as short
Pacifica TAO	+0.0233%	1h	312.84	−0.236%	$356K	$419K	10x	as long as short
Nado TAO-PERP	+0.0293%	1h	312.85	−0.234%	$778K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0304%	1h	312.97	−0.195%	$5.5M	$20.7M	50x	as long as short
Bullet TAO-USD	+0.0317%	1h	312.88	−0.223%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.29	−0.411%	$4.5M	$10.8M	100x	as long as short
Bybit TAOUSDT	+0.0348%	4h	313.03	−0.175%	$67.8M	$151.1M	50x	as long as short
BingX TAO-USDT	+0.0358%	4h	312.82	−0.242%	—	$33.7M	—	as long as short
Extended TAO-USD	+0.0368%	1h	312.94	−0.205%	$903K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0371%	4h	312.91	−0.214%	$5.5M	$10.1M	—	as long as short
Phemex TAOUSDT	+0.0440%	4h	312.94	−0.204%	$3.1M	$8.0M	50x	as long as short
Arcus TAO-USD	+0.0483%	1h	313.08	−0.159%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	312.80	−0.249%	$311K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0523%	1h	312.80	−0.248%	$11K	$1.8M	25x	as long as short
Hyperliquid TAO	+0.0681%	1h	313.10	−0.153%	$91.6M	$108.2M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.83	−0.241%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0752%	1h	313.35	−0.073%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0832%	1h	313.22	−0.114%	$1.5M	$6.5M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0846%	1h	312.88	−0.223%	$311K	$885K	10x	as long as short
Coinbase International TAO-PERP-INTXlong	+0.0928%	1h	313.58	long leg	$1.5M	$6.7M	50x
RISEx TAO/USDC	+0.0948%	1h	312.97	−0.193%	$447K	$649K	5x	as long as short
ApeX Omni TAOUSDT	+0.1940%	1h	312.51	−0.341%	$46K	$254K	50x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	316.07	+0.794%	$23K	$2K	12x	as long as short