Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.001%

Price spread now: Paradex against Pacifica−0.035%7-day average — · you buy dearer than you sell

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

Long on Pacifica 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 airdropPacifica: Active · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.035% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 43 hours of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TAO	307.21	0.0100	pay 0.0013% / 1h	24m 42s	$363K	$401K	10x
Short	Paradex TAO-USD-PERP	307.10	0.0165	get 0.0165% / 8h	2h 24m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Pacifica. 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 PacificabpFee ParadexbpOrdersPrice spread, now −0.035%Rate

Funding earned: $13.63
Price spread: −0.035% → 0.000%: −$3.5
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$1.87
Costs to cover: 0.120%
Break-even: 8.0 days

Slippage unknown: Pacifica: live order book, 63 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 Pacifica live order book, 63 min ago	2.40 bp	10.1 bp −$10	doesn't fit	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
dYdX TAO-USD	0.0000%	1h	306.93	−0.091%	$129K	$84K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	306.77	−0.144%	$15K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	306.97	−0.079%	$23K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.52	+0.101%	$42K	$523K	20x	as long as short
Pacifica TAOlong	+0.0100%	1h	307.21	long leg	$363K	$401K	10x
Binance TAOUSDT	+0.0100%	4h	307.00	−0.070%	$85.8M	$403.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.04	−0.055%	$59.3M	$118.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.10	−0.036%	$25.3M	$93.1M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.51	+0.098%	$137K	$598K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	−0.046%	$201K	$57K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	307.10	−0.036%	$12.2M	$48.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.01	−0.065%	$114.1M	$123.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	307.01	−0.065%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.89	−0.104%	$34.4M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.12	−0.029%	—	$30.5M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.90	−0.427%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	305.13	−0.678%	$39K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.16	−0.668%	$535K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	304.90	−0.752%	$46K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	307.67	+0.150%	$78K	$675K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.23	+0.007%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	306.81	−0.130%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	306.57	−0.208%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.25	+0.013%	$121K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	306.76	−0.146%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.43	+0.073%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	307.70	+0.160%	$1K	$437K	5x	as long as short
Aster TAOUSDT	+0.0162%	4h	307.07	−0.047%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERPshort	+0.0165%	8h	307.10	−0.035%	$14K	$1K	10x
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	306.98	−0.075%	$439K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	305.60	−0.524%	$324K	$462K	5x	as long as short
Nado TAO-PERP	+0.0290%	1h	307.32	+0.037%	$840K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	306.84	−0.120%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	307.93	+0.234%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.23	+0.006%	$353	—	20x	as long as short
Extended TAO-USD	+0.0704%	1h	307.21	0.000%	$902K	$2.0M	25x	as long as short
Lighter TAO	+0.0920%	1h	307.46	+0.081%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	308.04	+0.270%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1026%	1h	307.10	−0.036%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.67	+0.148%	$411K	$535K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1157%	1h	307.02	−0.062%	$443K	$715K	10x	as long as short
Hyperliquid TAO	+0.1732%	1h	307.91	+0.228%	$94.2M	$75.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	305.96	−0.407%	$22K	$171	12x	as long as short