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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0582%/8h= −63.7% APRpaid last 24h −0.080%
Price spread now: Paradex against Kraken Futures+0.077%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on Kraken FuturesShort 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 pays, funding is against you. Paradex is 0.077% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.077% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 11 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_TAOUSD317.880.0834pay 0.0104% / 1h17m 16s$6.0M$21.7M50x
ShortParadex TAO-USD-PERP318.130.0252get 0.0252% / 8h17m 16s$14K$1K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Kraken Futures. 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

Funding earned
−$122.16
Price spread: +0.077% → 0.000%
$7.67
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$128.49
Costs to cover
0.140%
Break-even
never at this rate
Slippage unknown: Kraken Futures: 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
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 2 min ago11.33 bp17.8 bp −$1823.5 bp −$23584.0 bp −$8,400doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h317.62−0.082%$22K—150xas long as short
dYdX TAO-USD+0.0073%1h317.94+0.019%$127K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h317.92+0.012%$45K$714K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h317.90+0.006%$26.4M$131.1M50xas long as short
Gate TAO_USDT+0.0100%4h317.70−0.057%$14.7M$51.9M50xas long as short
KuCoin TAOUSDTM+0.0100%4h317.91+0.009%$17.9M$32.4M75xas long as short
Bitget TAOUSDT+0.0100%4h317.63−0.079%$35.7M$57.9M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h317.50−0.120%$46K$259K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h317.85−0.010%$88K$1.2M5xas long as short
SunX TAO-USDT+0.0100%4h317.66−0.070%$2K$2.0M20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX TAO-USDT+0.0100%4h317.27−0.192%$116K$602K20xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0104% / S +0.0138%1h318.13+0.078%$406K—100xas long as short
Katana Perps TAO-USD+0.0106%8h317.72−0.051%$2K$1.1M5xas long as short
Aevo TAO-PERP+0.0128%1h318.09+0.066%$175K$9983xas long as short
Orderly PERP_TAO_USDC+0.0168%4h317.91+0.009%$52K$294K10xas long as short
edgeX TAOUSDC+0.0171%4h317.59−0.090%$42K$320K10xas long as short
MEXC TAO_USDT+0.0176%4h318.00+0.037%$103.2M$152.4M300xas long as short
Binance TAOUSDT+0.0185%4h317.90+0.007%$91.9M$531.3M75xas long as short
Paradex TAO-USD-PERPshort+0.0252%8h318.13+0.077%$14K$1K10x
BingX TAO-USDT+0.0258%4h317.87−0.004%—$37.3M—as long as short
Bybit TAOUSDT+0.0260%4h318.04+0.050%$69.7M$156.9M50xas long as short
Bullet TAO-USD+0.0284%1h317.90+0.006%$12K$17K20xas long as short
Pacifica TAO+0.0313%1h318.22+0.107%$373K$466K10xas long as short
GRVT TAO_USDT_Perp+0.0324%4h317.89+0.002%$541K$907K10xas long as short
Aster TAOUSDT+0.0347%4h317.880.000%$1.3M$11.0M50xas long as short
Extended TAO-USD+0.0376%1h317.80−0.026%$903K$2.4M25xas long as short
BloFin TAO-USDT+0.0425%4h318.03+0.047%$4.7M$10.9M100xas long as short
Phemex TAOUSDT+0.0431%4h317.84−0.013%$3.2M$8.2M50xas long as short
Nado TAO-PERP+0.0464%1h318.08+0.063%$784K$2.0M10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0469%1h317.880.000%$15K$1.9M25xas long as short
Arcus TAO-USD+0.0473%1h318.33+0.141%$100K$384K5xas long as short
Lighter TAO+0.0544%1h318.09+0.067%$1.6M$6.9M5xas long as short
Variational Omni TAO+0.0557%4h315.52−0.743%$5.5M$10.2M—as long as short
Phoenix TAO+0.0629%1h318.40+0.163%$320K$703K5xas long as short
Backpack TAO_USDC_PERP+0.0677%1h318.42+0.169%$297K$906K10xas long as short
01 Exchange TAOUSD+0.0680%1h318.17+0.091%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0698%1h317.96+0.024%$366—20xas long as short
Hyperliquid TAO+0.0711%1h318.01+0.040%$93.9M$110.5M5xas long as short
RISEx TAO/USDC+0.0831%1h318.06+0.055%$450K$655K5xas long as short
Kraken Futures PF_TAOUSDlong+0.0834%1h317.88long leg$6.0M$21.7M50x
Coinbase International TAO-PERP-INTX+0.0984%1h317.99+0.034%$1.4M$7.0M50xas long as short
Bulk TAO-USD+0.1572%1h317.17−0.224%$169K$010xas long as short
Injective TAO/USDC PERP+0.4513%1h318.80+0.289%$23K$2K12xas long as short