Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0259%/8h= +28.3% APRpaid last 24h +0.011%

Price spread now: Paradex against edgeX+0.393%52s7-day average — · you sell dearer than you buy

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

Long on edgeX 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 airdropedgeX: Active · Paradex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Paradex is 0.393% dearer against edgeX than usual: you sell high and buy low: +$39 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TAOUSDC	316.38	0.0100	pay 0.0050% / 4h	2h 01m	$36K	$300K	10x
Short	Paradex TAO-USD-PERP	317.62	0.0359	get 0.0359% / 8h	6h 01m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against edgeX. 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 edgeXbpFee ParadexbpOrdersPrice spread, now +0.393%Rate

Funding earned: $54.29
Price spread: +0.393% → 0.000%: $39.3
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: $80.59
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: edgeX: live order book, 1 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 edgeX live order book, 1 min ago	6.30 bp	10.8 bp −$11	24.6 bp −$246	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	−0.347%	$167K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	317.09	+0.226%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.43	+0.332%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.01	+0.516%	$44K	$645K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.32	+0.298%	$91.5M	$466.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.20	+0.260%	$26.3M	$114.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.10	+0.229%	$13.0M	$51.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.54	+0.368%	$103.7M	$140.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.44	+0.336%	$18.0M	$30.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.95	+0.181%	$35.4M	$53.4M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDClong	+0.0100%	4h	316.38	long leg	$36K	$300K	10x
Polymarket Perps TAO-USD	+0.0100%	1h	317.80	+0.450%	$77K	$720K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	317.77	+0.441%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.57	+0.377%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.75	+0.434%	$130K	$471K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.49	+0.352%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.09	+0.542%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0115%	8h	317.97	+0.504%	$676	$728K	5x	as long as short
ApeX Omni TAOUSDT	+0.0149%	1h	316.28	−0.030%	$47K	$253K	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0166% / S +0.0103%	1h	317.55	+0.372%	$432K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0166%	1h	317.56	+0.374%	$5.6M	$20.5M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0192%	4h	316.84	+0.146%	$527K	$957K	10x	as long as short
Bullet TAO-USD	+0.0226%	1h	317.82	+0.456%	$12K	$18K	20x	as long as short
Pacifica TAO	+0.0285%	1h	317.51	+0.359%	$370K	$396K	10x	as long as short
Aster TAOUSDT	+0.0286%	4h	317.33	+0.301%	$1.2M	$9.3M	50x	as long as short
Arcus TAO-USD	+0.0337%	1h	318.09	+0.542%	$100K	$489K	5x	as long as short
Paradex TAO-USD-PERPshort	+0.0359%	8h	317.62	+0.393%	$14K	$1K	10x
Injective TAO/USDC PERP	+0.0470%	1h	321.23	+1.534%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0531%	1h	317.71	+0.422%	$759K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	317.40	+0.324%	$333K	$681K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0627%	1h	317.85	+0.465%	$14K	$1.6M	25x	as long as short
01 Exchange TAOUSD	+0.0656%	1h	318.11	+0.548%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	317.91	+0.485%	$366	—	20x	as long as short
BingX TAO-USDT	+0.0720%	4h	317.35	+0.308%	—	$30.9M	—	as long as short
Bybit TAOUSDT	+0.0724%	4h	317.40	+0.324%	$67.3M	$138.1M	50x	as long as short
Variational Omni TAO	+0.0857%	4h	316.54	+0.052%	$6.1M	$9.5M	—	as long as short
Extended TAO-USD	+0.0896%	1h	317.43	+0.332%	$905K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0920%	1h	317.80	+0.450%	$321K	$806K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	318.74	+0.747%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	317.99	+0.508%	$450K	$626K	5x	as long as short
Hyperliquid TAO	+0.1340%	1h	317.56	+0.374%	$99.9M	$97.2M	5x	as long as short
Lighter TAO	+0.1344%	1h	317.12	+0.235%	$1.6M	$6.1M	5x	as long as short