Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h +0.001%

Price spread now: Paradex against MEXC−0.002%7-day average — · you buy dearer than you sell

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

Long on MEXC 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: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	308.54	0.0100	pay 0.0050% / 4h	2h 00m	$120.4M	$127.1M	300x
Short	Paradex TAO-USD-PERP	308.53	0.0161	get 0.0161% / 8h	2h 00m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against MEXC. 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 MEXCbpFee ParadexbpOrdersPrice spread, now −0.002%Rate

Funding earned: $12.82
Price spread: −0.002% → 0.000%: −$0.2
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $8.62
Costs to cover: 0.040%
Break-even: 2.3 days

Slippage unknown: MEXC: live order book, 4 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 MEXC live order book, 4 min ago	0.65 bp	3.2 bp −$3	6.3 bp −$63	23.7 bp −$2,374	131.6 bp −$65.8K
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	−0.0306%	1h	307.82	−0.233%	$202K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	308.46	−0.026%	$130K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	308.57	+0.009%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.24	−0.097%	$43K	$532K	20x	as long as short
Pacifica TAO	+0.0100%	1h	308.71	+0.055%	$364K	$368K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	308.22	−0.104%	$86.5M	$406.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	308.33	−0.068%	$59.9M	$119.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.20	−0.110%	$25.3M	$94.0M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.67	+0.042%	$138K	$584K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	308.30	−0.078%	$12.3M	$48.9M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDTlong	+0.0100%	4h	308.54	long leg	$120.4M	$127.1M	300x
KuCoin TAOUSDTM	+0.0100%	4h	308.45	−0.029%	$18.9M	$26.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.08	−0.149%	$34.4M	$44.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	308.42	−0.039%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	308.45	−0.029%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.38	+0.272%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	308.67	+0.042%	$549K	$949K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	308.31	−0.075%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.35	−0.062%	$78K	$651K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.21	−0.108%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.78	+0.078%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.68	+0.045%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.82	+0.091%	$122K	$354K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	308.93	+0.126%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.96	+0.136%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	308.43	−0.036%	$631	$469K	5x	as long as short
Aster TAOUSDT	+0.0160%	4h	308.40	−0.046%	$1.1M	$7.6M	50x	as long as short
Paradex TAO-USD-PERPshort	+0.0161%	8h	308.53	−0.002%	$14K	$1K	10x
Phoenix TAO	+0.0234%	1h	309.10	+0.181%	$327K	$462K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0261%	1h	308.82	+0.091%	$11K	$1.3M	25x	as long as short
Nado TAO-PERP	+0.0319%	1h	308.24	−0.096%	$847K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.79	+0.081%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0486% / S −0.0184%	1h	308.56	+0.005%	$453K	—	100x	as long as short
01 Exchange TAOUSD	+0.0552%	1h	308.55	+0.003%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	308.17	−0.119%	$354	—	20x	as long as short
Extended TAO-USD	+0.0824%	1h	308.41	−0.043%	$898K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0881%	1h	308.89	+0.113%	$384K	$754K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	309.87	+0.431%	$1.5M	$5.5M	50x	as long as short
Lighter TAO	+0.0968%	1h	308.97	+0.140%	$1.7M	$4.9M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1020%	1h	309.06	+0.168%	$6.4M	$19.1M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	308.44	−0.031%	$415K	$544K	5x	as long as short
Hyperliquid TAO	+0.1880%	1h	308.86	+0.104%	$96.7M	$77.8M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	+0.062%	$22K	$271	12x	as long as short