Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0137%/8h= −15.0% APRpaid last 24h −0.003%

Price spread now: ApeX Omni against Paradex+0.553%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on ApeX Omni

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 pays, funding is against you. ApeX Omni is 0.553% dearer against Paradex than usual: you sell high and buy low (spread +0.553% now, against zero (this spread has no 7-day history yet)): +$55 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	317.48	0.0237	pay 0.0237% / 8h	1h 02m	$14K	$1K	10x
Short	ApeX Omni TAOUSDT	319.23	0.0100	get 0.0013% / 1h	2m 45s	$46K	$260K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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 ParadexbpFee ApeX OmnibpOrdersPrice spread, now +0.553%Rate

Funding earned: −$28.71
Price spread: +0.553% → 0.000%: $55.26
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $12.55
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; ApeX Omni: live order book, 39 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 39 min ago	4.38 bp	11.9 bp −$12	115.4 bp −$1,154	doesn't fit	doesn't fit

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	−0.0237%	1h	320.94	+1.091%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	317.25	−0.071%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.21	−0.084%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.37	−0.033%	$43K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.60	−0.276%	$26.4M	$129.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.30	−0.370%	$14.3M	$52.5M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.51	−0.304%	$17.6M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.37	−0.348%	$35.5M	$58.0M	50x	as long as short
ApeX Omni TAOUSDTshort	+0.0100%	1h	319.23	+0.553%	$46K	$260K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	317.32	−0.049%	$84K	$1.2M	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	317.21	−0.084%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.99	−0.153%	$115K	$600K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	317.24	−0.074%	$1K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0112% / S +0.0154%	1h	317.06	−0.131%	$424K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	317.47	0.000%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	317.31	−0.052%	$53K	$293K	10x	as long as short
Binance TAOUSDT	+0.0178%	4h	316.70	−0.246%	$91.9M	$528.6M	75x	as long as short
MEXC TAO_USDT	+0.0184%	4h	316.58	−0.282%	$106.9M	$152.0M	300x	as long as short
edgeX TAOUSDC	+0.0186%	4h	319.32	+0.582%	$42K	$319K	10x	as long as short
Paradex TAO-USD-PERPlong	+0.0237%	8h	317.48	long leg	$14K	$1K	10x
Bybit TAOUSDT	+0.0256%	4h	316.68	−0.251%	$69.5M	$156.0M	50x	as long as short
BingX TAO-USDT	+0.0272%	4h	316.49	−0.310%	—	$36.5M	—	as long as short
Bullet TAO-USD	+0.0301%	1h	317.52	+0.015%	$12K	$17K	20x	as long as short
Extended TAO-USD	+0.0344%	1h	316.46	−0.319%	$904K	$2.4M	25x	as long as short
Aster TAOUSDT	+0.0345%	4h	316.72	−0.238%	$1.3M	$11.0M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0356%	4h	318.52	+0.329%	$543K	$926K	10x	as long as short
BloFin TAO-USDT	+0.0418%	4h	317.35	−0.040%	$4.7M	$11.0M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0478%	1h	317.35	−0.040%	$15K	$2.0M	25x	as long as short
Variational Omni TAO	+0.0514%	4h	319.69	+0.697%	$5.7M	$10.2M	—	as long as short
Nado TAO-PERP	+0.0516%	1h	317.45	−0.009%	$787K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	317.41	−0.020%	$360K	$429K	10x	as long as short
Phoenix TAO	+0.0567%	1h	318.10	+0.197%	$317K	$709K	5x	as long as short
Lighter TAO	+0.0576%	1h	317.56	+0.027%	$1.6M	$6.9M	5x	as long as short
Hyperliquid TAO	+0.0583%	1h	316.81	−0.210%	$93.7M	$110.0M	5x	as long as short
Phemex TAOUSDT	+0.0611%	4h	317.42	−0.018%	$3.2M	$8.1M	50x	as long as short
01 Exchange TAOUSD	+0.0616%	1h	317.42	−0.018%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	317.68	+0.064%	$102K	$389K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0668%	1h	316.96	−0.162%	$295K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.40	−0.025%	$365	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.41	+0.924%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	317.27	−0.065%	$437K	$678K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1163%	1h	317.52	+0.013%	$5.9M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.52	+1.904%	$24K	$2K	12x	as long as short