Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0134%/8h= +14.7% APRnext payment +$1.34 per $10,000 · paid last 24h +0.011%
Price spread now: Paradex against OKX+0.097%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno 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 +$4 a day on $10k at the current rate, and Paradex is 0.097% dearer against OKX than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX TAO-USDT-SWAP316.800.0100pay 0.0100% / 8h1h 02m$26.5M$129.3M50x
ShortParadex TAO-USD-PERP317.110.0234get 0.0234% / 8h1h 02m$14K$1K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against OKX. 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
$28.11
Price spread: +0.097% → 0.000%
$9.72
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
$23.83
Costs to cover
0.140%
Break-even
1.1 days
Slippage unknown: OKX: 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 OKX live order book, 2 min ago1.58 bp8.7 bp −$916.1 bp −$16180.2 bp −$8,019doesn'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
Bulk TAO-USD−0.0237%1h320.94+1.307%$171K$33310xas long as short
dYdX TAO-USD0.0000%1h316.41−0.123%$126K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h316.52−0.089%$22K150xas long as short
Popdex TAOUSDT+0.0096%1h317.23+0.136%$43K$707K20xas long as short
OKX TAO-USDT-SWAPlong+0.0100%8h316.80long leg$26.5M$129.3M50x
Gate TAO_USDT+0.0100%4h316.800.000%$14.3M$52.5M50xas long as short
KuCoin TAOUSDTM+0.0100%4h316.87+0.022%$17.6M$32.3M75xas long as short
Bitget TAOUSDT+0.0100%4h316.63−0.054%$35.6M$58.0M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h319.23+0.767%$46K$260K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h316.87+0.022%$84K$1.2M5xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDT+0.0100%4h317.21+0.129%$1K$2.0M20xas long as short
HTX TAO-USDT+0.0100%4h316.99+0.060%$115K$600K20xas long as short
Katana Perps TAO-USD+0.0108%8h317.23+0.136%$720$1.1M5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0112% / S +0.0154%1h316.57−0.072%$423K100xas long as short
Aevo TAO-PERP+0.0128%1h317.47+0.213%$174K$9983xas long as short
Orderly PERP_TAO_USDC+0.0132%4h317.31+0.161%$53K$293K10xas long as short
MEXC TAO_USDT+0.0178%4h317.00+0.063%$107.1M$152.0M300xas long as short
Binance TAOUSDT+0.0178%4h317.19+0.125%$92.1M$528.8M75xas long as short
edgeX TAOUSDC+0.0186%4h319.32+0.796%$42K$319K10xas long as short
Paradex TAO-USD-PERPshort+0.0234%8h317.11+0.097%$14K$1K10x
BingX TAO-USDT+0.0256%4h316.88+0.025%$36.5Mas long as short
Bybit TAOUSDT+0.0256%4h317.18+0.120%$69.5M$156.0M50xas long as short
Bullet TAO-USD+0.0300%1h316.96+0.051%$12K$17K20xas long as short
Aster TAOUSDT+0.0338%4h317.27+0.149%$1.3M$11.0M50xas long as short
Extended TAO-USD+0.0344%1h317.13+0.105%$904K$2.4M25xas long as short
GRVT TAO_USDT_Perp+0.0356%4h318.52+0.543%$543K$926K10xas long as short
BloFin TAO-USDT+0.0418%4h317.35+0.174%$4.7M$11.0M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0478%1h317.35+0.173%$15K$2.0M25xas long as short
Variational Omni TAO+0.0514%4h319.69+0.912%$5.7M$10.2Mas long as short
Nado TAO-PERP+0.0515%1h317.07+0.084%$786K$2.0M10xas long as short
Pacifica TAO+0.0525%1h317.01+0.067%$360K$429K10xas long as short
Phoenix TAO+0.0567%1h318.10+0.410%$317K$709K5xas long as short
Lighter TAO+0.0576%1h316.75−0.016%$1.6M$6.9M5xas long as short
Hyperliquid TAO+0.0583%1h317.13+0.104%$93.8M$110.0M5xas long as short
01 Exchange TAOUSD+0.0608%1h317.37+0.180%$3K$4K5xas long as short
Phemex TAOUSDT+0.0611%4h317.42+0.196%$3.2M$8.1M50xas long as short
Arcus TAO-USD+0.0641%1h317.47+0.211%$102K$389K5xas long as short
Backpack TAO_USDC_PERP+0.0668%1h316.96+0.051%$295K$905K10xas long as short
Reya TAORUSDPERP+0.0698%1h316.96+0.049%$36420xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h320.41+1.140%$1.5M$6.8M50xas long as short
RISEx TAO/USDC+0.1077%1h317.22+0.133%$437K$678K5xas long as short
Kraken Futures PF_TAOUSD+0.1163%1h317.52+0.226%$5.9M$21.7M50xas long as short
Injective TAO/USDC PERP+0.4723%1h323.52+2.121%$24K$2K12xas long as short