Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0169%/8h= +18.5% APRpaid last 24h +0.011%

Price spread now: Paradex against KuCoin+0.152%7-day average — · you sell dearer than you buy

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

Long on KuCoin 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 0.152% dearer against KuCoin than usual: you sell high and buy low: +$15 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	KuCoin TAOUSDTM	321.10	0.0100	pay 0.0050% / 4h	1h 53m	$17.6M	$31.9M	75x
Short	Paradex TAO-USD-PERP	321.59	0.0269	get 0.0269% / 8h	1h 53m	$15K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against KuCoin. 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 KuCoinbpFee ParadexbpOrdersPrice spread, now +0.152%Rate

Funding earned: $35.57
Price spread: +0.152% → 0.000%: $15.18
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: $34.75
Costs to cover: 0.160%
Break-even: 0.2 days

Slippage unknown: KuCoin: 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 KuCoin live order book, 5 min ago	2.46 bp	21.2 bp −$21	32.6 bp −$326	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
Bulk TAO-USD	−0.1440%	1h	322.10	+0.310%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	321.24	+0.042%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	320.85	−0.078%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	321.17	+0.022%	$40K	$692K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	321.10	0.000%	$26.6M	$129.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	321.00	−0.031%	$14.2M	$51.2M	50x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	321.10	long leg	$17.6M	$31.9M	75x
Bitget TAOUSDT	+0.0100%	4h	321.05	−0.016%	$36.2M	$57.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	324.34	+1.009%	$47K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.95	−0.047%	$79K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	320.95	−0.047%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	321.09	−0.003%	$118K	$584K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	321.09	−0.003%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	320.88	−0.069%	$728	$969K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0120%	4h	321.16	+0.019%	$53K	$292K	10x	as long as short
Aevo TAO-PERP	+0.0120%	1h	321.23	+0.041%	$176K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0123% / S +0.0154%	1h	320.92	−0.055%	$434K	—	100x	as long as short
Binance TAOUSDT	+0.0148%	4h	321.44	+0.107%	$93.8M	$523.6M	75x	as long as short
MEXC TAO_USDT	+0.0154%	4h	321.39	+0.090%	$105.2M	$149.0M	300x	as long as short
edgeX TAOUSDC	+0.0156%	4h	324.58	+1.085%	$43K	$315K	10x	as long as short
Paradex TAO-USD-PERPshort	+0.0269%	8h	321.59	+0.152%	$15K	$1K	10x
Aster TAOUSDT	+0.0308%	4h	321.34	+0.075%	$1.3M	$10.8M	50x	as long as short
Bybit TAOUSDT	+0.0366%	4h	321.57	+0.146%	$70.2M	$155.5M	50x	as long as short
Bullet TAO-USD	+0.0378%	1h	321.32	+0.069%	$12K	$17K	20x	as long as short
BingX TAO-USDT	+0.0382%	4h	321.30	+0.062%	—	$34.3M	—	as long as short
BloFin TAO-USDT	+0.0394%	4h	321.90	+0.249%	$4.7M	$11.1M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0460%	4h	323.74	+0.821%	$552K	$937K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	321.20	+0.030%	$919K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0506%	4h	323.50	+0.747%	$5.7M	$10.1M	—	as long as short
Phoenix TAO	+0.0513%	1h	324.40	+1.028%	$323K	$709K	5x	as long as short
Pacifica TAO	+0.0525%	1h	321.54	+0.136%	$366K	$422K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0552%	1h	321.29	+0.060%	$15K	$1.9M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0578%	1h	321.38	+0.087%	$319K	$899K	10x	as long as short
Arcus TAO-USD	+0.0641%	1h	321.75	+0.202%	$104K	$394K	5x	as long as short
Hyperliquid TAO	+0.0649%	1h	321.56	+0.143%	$95.1M	$109.8M	5x	as long as short
Nado TAO-PERP	+0.0650%	1h	321.26	+0.049%	$803K	$2.2M	10x	as long as short
01 Exchange TAOUSD	+0.0664%	1h	321.25	+0.047%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	321.03	−0.021%	$369	—	20x	as long as short
Lighter TAO	+0.0880%	1h	321.63	+0.166%	$1.5M	$6.6M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	322.17	+0.333%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	321.20	+0.031%	$463K	$664K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1148%	1h	321.42	+0.099%	$6.1M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	328.25	+2.227%	$24K	$2K	12x	as long as short