Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.027%

Price spread now: Paradex against HTX+0.059%7-day average — · you sell dearer than you buy

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

Long on HTX 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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and Paradex is 0.059% dearer against HTX than usual: you sell high and buy low: +$6 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	HTX TAO-USDT	316.14	0.0100	pay 0.0050% / 4h	3h 51m	$116K	$589K	20x
Short	Paradex TAO-USD-PERP	316.33	0.0252	get 0.0252% / 8h	7h 51m	$14K	$876	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against HTX. 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 HTXbpFee ParadexbpOrdersPrice spread, now +0.059%Rate

Funding earned: $31.9
Price spread: +0.059% → 0.000%: $5.88
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $21.78
Costs to cover: 0.160%
Break-even: 2.2 days

Slippage unknown: HTX: live order book, 47 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 HTX live order book, 47 min ago	8.86 bp	93.4 bp −$93	doesn't fit	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	315.63	−0.160%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.87	+0.231%	$49K	$717K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	316.47	+0.104%	$647	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.40	+0.082%	$26.3M	$130.8M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.09	+0.300%	$168K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.10	−0.013%	$14.8M	$49.0M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.31	+0.054%	$17.8M	$32.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.16	+0.006%	$35.6M	$57.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.30	+0.051%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.89	−0.079%	$1K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDTlong	+0.0100%	4h	316.14	long leg	$116K	$589K	20x
dYdX TAO-USD	+0.0107%	1h	316.02	−0.039%	$127K	$86K	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	316.30	+0.049%	$174K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0140%	4h	316.42	+0.088%	$542K	$887K	10x	as long as short
MEXC TAO_USDT	+0.0164%	4h	316.29	+0.047%	$103.9M	$151.3M	300x	as long as short
Binance TAOUSDT	+0.0164%	4h	316.64	+0.158%	$92.6M	$531.5M	75x	as long as short
edgeX TAOUSDC	+0.0167%	4h	316.51	+0.117%	$42K	$320K	10x	as long as short
BingX TAO-USDT	+0.0176%	4h	316.50	+0.114%	—	$37.4M	—	as long as short
Orderly PERP_TAO_USDC	+0.0197%	4h	316.26	+0.038%	$54K	$299K	10x	as long as short
Paradex TAO-USD-PERPshort	+0.0252%	8h	316.33	+0.059%	$14K	$876	10x
Bullet TAO-USD	+0.0293%	1h	316.35	+0.065%	$12K	$17K	20x	as long as short
ApeX Omni TAOUSDT	+0.0308%	1h	316.74	+0.190%	$46K	$259K	50x	as long as short
Aster TAOUSDT	+0.0324%	4h	316.61	+0.148%	$1.3M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	316.44	+0.094%	$371K	$454K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0366% / S −0.0107%	1h	316.15	+0.004%	$372K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0373%	1h	316.13	−0.005%	$15K	$1.9M	25x	as long as short
Extended TAO-USD	+0.0384%	1h	316.50	+0.113%	$899K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0404%	1h	316.79	+0.206%	$100K	$377K	5x	as long as short
BloFin TAO-USDT	+0.0405%	4h	316.62	+0.152%	$4.8M	$10.9M	100x	as long as short
Nado TAO-PERP	+0.0561%	1h	316.47	+0.105%	$776K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	316.50	+0.114%	$318K	$714K	5x	as long as short
Hyperliquid TAO	+0.0579%	1h	316.47	+0.104%	$93.5M	$109.7M	5x	as long as short
Variational Omni TAO	+0.0589%	4h	316.63	+0.156%	$5.6M	$10.1M	—	as long as short
Lighter TAO	+0.0656%	1h	316.58	+0.141%	$1.6M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0664%	1h	317.10	+0.304%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	316.30	+0.051%	$364	—	20x	as long as short
Bybit TAOUSDT	+0.0760%	4h	316.63	+0.155%	$69.7M	$156.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0787%	1h	316.21	+0.023%	$5.9M	$21.3M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0823%	1h	316.40	+0.082%	$316K	$1.0M	10x	as long as short
RISEx TAO/USDC	+0.0840%	1h	316.60	+0.146%	$449K	$668K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	317.34	+0.380%	$1.2M	$7.3M	50x	as long as short
Phemex TAOUSDT	+0.1184%	4h	316.33	+0.060%	$3.2M	$8.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	321.91	+1.825%	$23K	$2K	12x	as long as short