Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0110%/8h= +12.1% APRpaid last 24h +0.001%

Price spread now: Paradex against Gate+0.009%45s7-day average — · you sell dearer than you buy

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

Long on Gate 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 45 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	Gate TAO_USDT	319.50	0.0100	pay 0.0050% / 4h	3h 58m	$12.9M	$49.2M	50x
Short	Paradex TAO-USD-PERP	319.53	0.0210	get 0.0210% / 8h	7h 58m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Gate. 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 GatebpFee ParadexbpOrdersPrice spread, now +0.009%Rate

Funding earned: $23.15
Price spread: +0.009% → 0.000%: $0.95
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Paradex: 2 bp × 2 orders: −$4
Net: $5.1
Costs to cover: 0.190%
Break-even: 5.5 days

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	3.16 bp	16.5 bp −$16	42.7 bp −$427	60.4 bp −$6,044	95.5 bp −$47.7K
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	−0.2086%	1h	311.96	−2.360%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.20	−0.094%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.57	−0.290%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.78	−0.225%	$40K	$572K	20x	as long as short
Pacifica TAO	+0.0100%	1h	319.44	−0.020%	$378K	$371K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	319.30	−0.063%	$90.6M	$435.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	319.59	+0.028%	$65.5M	$129.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.20	−0.094%	$25.8M	$105.9M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	319.50	long leg	$12.9M	$49.2M	50x
MEXC TAO_USDT	+0.0100%	4h	320.01	+0.160%	$115.2M	$130.4M	300x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	319.20	−0.094%	$19.1M	$28.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.26	−0.075%	$35.7M	$48.2M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	319.27	−0.072%	—	$30.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.96	−1.107%	$42K	$283K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	317.42	−0.650%	$531K	$942K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.82	−1.152%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.20	−0.407%	$117K	$613K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	319.83	+0.103%	$61K	$281K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.90	+0.125%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.14	+0.200%	$128K	$423K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	319.01	−0.153%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	320.18	+0.213%	$176K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	318.58	−0.286%	$453K	—	100x	as long as short
Arcus TAO-USD	+0.0186%	1h	319.59	+0.028%	$84K	$545K	5x	as long as short
Aster TAOUSDT	+0.0194%	4h	319.08	−0.131%	$1.1M	$8.1M	50x	as long as short
Paradex TAO-USD-PERPshort	+0.0210%	8h	319.53	+0.009%	$14K	$1K	10x
Variational Omni TAO	+0.0233%	4h	316.35	−0.985%	$5.4M	$8.5M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.28	−0.069%	$4.4M	$10.8M	100x	as long as short
Bullet TAO-USD	+0.0432%	1h	319.02	−0.150%	$12K	$17K	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0479%	1h	319.93	+0.136%	$5.8M	$20.2M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0521%	1h	319.84	+0.107%	$29K	$1.5M	25x	as long as short
Phoenix TAO	+0.0537%	1h	316.20	−1.033%	$331K	$519K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	317.85	−0.516%	$23K	$370	12x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	318.18	−0.412%	$366	—	20x	as long as short
Extended TAO-USD	+0.0928%	1h	320.02	+0.161%	$924K	$2.2M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.30	+0.250%	$1.5M	$6.0M	50x	as long as short
RISEx TAO/USDC	+0.1141%	1h	319.47	−0.010%	$422K	$584K	5x	as long as short
01 Exchange TAOUSD	+0.1248%	1h	320.02	+0.163%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1383%	1h	319.34	−0.050%	$318K	$816K	10x	as long as short
Lighter TAO	+0.2128%	1h	319.02	−0.149%	$1.7M	$5.8M	5x	as long as short
Nado TAO-PERP	+0.2190%	1h	318.06	−0.450%	$880K	$2.0M	10x	as long as short
Hyperliquid TAO	+0.3120%	1h	320.08	+0.182%	$104.2M	$87.7M	5x	as long as short