Settings8H · net · $10k
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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+0.0158%/8h= +17.3% APRpaid last 24h +0.010%
Price spread now: Paradex against Orderly+0.249%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on OrderlyShort 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 0.249% dearer against Orderly than usual: you sell high and buy low: +$25 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_TAO_USDC324.160.0120pay 0.0060% / 4h1h 57m$54K$292K10x
ShortParadex TAO-USD-PERP324.970.0278get 0.0278% / 8h1h 57m$15K$1K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Orderly. 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
$33.1
Price spread: +0.249% → 0.000%
$24.87
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Paradex: 2 bp × 2 orders
−$4
Net
$47.98
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Orderly: no order-book sample; 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 Orderly no order-book sample—————
Sell Paradex no order-book sample—————
Orderly and 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−0.1440%1h322.10−0.637%$171K$33310xas long as short
dYdX TAO-USD0.0000%1h324.54+0.117%$129K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h324.11−0.016%$21K—150xas long as short
OKX TAO-USDT-SWAP+0.0100%8h324.10−0.019%$27.0M$129.9M50xas long as short
Gate TAO_USDT+0.0100%4h324.30+0.043%$14.3M$51.1M50xas long as short
KuCoin TAOUSDTM+0.0100%4h324.41+0.077%$17.8M$31.9M75xas long as short
Bitget TAOUSDT+0.0100%4h323.99−0.052%$36.5M$57.8M50xas long as short
Polymarket Perps TAO-USD+0.0100%1h324.50+0.105%$76K$991K5xas long as short
SunX TAO-USDT+0.0100%4h324.18+0.006%$1K$2.0M20xas long as short
HTX TAO-USDT+0.0100%4h324.58+0.130%$118K$582K20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex TAOUSDT+0.0100%4h323.89−0.083%$3.3M$8.1M50xas long as short
Katana Perps TAO-USD+0.0110%8h324.25+0.028%$1K$969K5xas long as short
Orderly PERP_TAO_USDClong+0.0120%4h324.16long leg$54K$292K10x
Aevo TAO-PERP+0.0120%1h324.41+0.079%$178K$9983xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0124% / S +0.0144%1h324.13−0.008%$433K—100xas long as short
MEXC TAO_USDT+0.0152%4h324.45+0.089%$105.5M$148.7M300xas long as short
edgeX TAOUSDC+0.0156%4h324.58+0.131%$43K$315K10xas long as short
Binance TAOUSDT+0.0158%4h324.49+0.102%$94.5M$520.3M75xas long as short
Paradex TAO-USD-PERPshort+0.0278%8h324.97+0.249%$15K$1K10x
Aster TAOUSDT+0.0316%4h324.59+0.133%$1.3M$10.8M50xas long as short
Deribit TAO_USDC-PERPETUAL+0.0339%1h323.97−0.058%$19K$1.9M25xas long as short
Bybit TAOUSDT+0.0373%4h324.20+0.012%$70.9M$155.1M50xas long as short
BloFin TAO-USDT+0.0391%4h324.98+0.253%$4.7M$11.2M100xas long as short
Bullet TAO-USD+0.0412%1h324.64+0.149%$12K$17K20xas long as short
BingX TAO-USDT+0.0424%4h324.45+0.089%—$34.2M—as long as short
Popdex TAOUSDT+0.0448%1h324.59+0.133%$42K$687K20xas long as short
GRVT TAO_USDT_Perp+0.0476%4h323.22−0.289%$551K$948K10xas long as short
Extended TAO-USD+0.0480%1h324.31+0.046%$927K$2.4M25xas long as short
Variational Omni TAO+0.0509%4h323.35−0.251%$5.7M$10.1M—as long as short
Phoenix TAO+0.0513%1h324.40+0.074%$323K$709K5xas long as short
ApeX Omni TAOUSDT+0.0520%1h323.91−0.077%$47K$258K50xas long as short
Pacifica TAO+0.0525%1h324.51+0.108%$369K$422K10xas long as short
Nado TAO-PERP+0.0531%1h324.24+0.025%$821K$2.2M10xas long as short
Arcus TAO-USD+0.0641%1h324.47+0.096%$105K$384K5xas long as short
Reya TAORUSDPERP+0.0698%1h324.48+0.099%$373—20xas long as short
01 Exchange TAOUSD+0.0720%1h324.84+0.210%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0726%1h324.50+0.105%$323K$896K10xas long as short
Hyperliquid TAO+0.0785%1h324.66+0.154%$96.1M$109.9M5xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h325.16+0.308%$1.5M$6.9M50xas long as short
Lighter TAO+0.0992%1h324.78+0.191%$1.6M$6.5M5xas long as short
RISEx TAO/USDC+0.1077%1h324.41+0.076%$465K$651K5xas long as short
Kraken Futures PF_TAOUSD+0.1138%1h324.30+0.042%$6.1M$21.6M50xas long as short
Injective TAO/USDC PERP+0.4723%1h323.62−0.167%$24K$2K12xas long as short