Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0054%/8h= −5.9% APRpaid last 24h +0.042%

Price spread now: Aster against Paradex+0.087%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 Aster

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 · Aster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.087% dearer against Paradex than usual: you sell high and buy low (spread +0.087% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	302.44	0.0154	pay 0.0154% / 8h	1h 35m	$14K	$1K	10x
Short	Aster TAOUSDT	302.71	0.0100	get 0.0050% / 4h	1h 35m	$1.1M	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.087%Rate

Funding earned: −$11.39
Price spread: +0.087% → 0.000%: $8.7
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$14.69
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Aster: live order book, 4 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 Aster live order book, 4 min ago	1.32 bp	6.4 bp −$6	19.8 bp −$198	225.9 bp −$22.6K	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	−0.0186%	1h	303.81	+0.452%	$162K	$54K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	302.17	−0.090%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	302.55	+0.036%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	302.59	+0.049%	$44K	$535K	20x	as long as short
Aster TAOUSDTshort	+0.0100%	4h	302.71	+0.087%	$1.1M	$7.7M	50x
Binance TAOUSDT	+0.0100%	4h	302.70	+0.086%	$84.6M	$412.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	302.62	+0.059%	$58.5M	$121.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	302.60	+0.052%	$24.3M	$94.8M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	302.72	+0.092%	$79K	$642K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	302.60	+0.052%	$12.1M	$48.7M	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_USDT	+0.0100%	4h	302.94	+0.164%	$110.1M	$124.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	302.76	+0.105%	$18.5M	$27.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	302.50	+0.019%	$33.7M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	302.83	+0.128%	—	$30.3M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.56	+0.369%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.35	+0.301%	$39K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.49	+0.346%	$502K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.30	+0.283%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	302.74	+0.098%	$77K	$601K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	302.81	+0.121%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	302.85	+0.135%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	302.82	+0.125%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	302.49	+0.016%	$121K	$363K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	302.78	+0.111%	$3.2M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	302.93	+0.162%	$166K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	302.59	+0.049%	$619	$491K	5x	as long as short
Paradex TAO-USD-PERPlong	+0.0154%	8h	302.44	long leg	$14K	$1K	10x
Pacifica TAO	+0.0164%	1h	302.58	+0.045%	$357K	$371K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	302.59	+0.047%	$432K	—	100x	as long as short
BloFin TAO-USDT	+0.0340%	4h	302.76	+0.105%	$4.2M	$9.3M	100x	as long as short
Lighter TAO	+0.0352%	1h	303.07	+0.206%	$1.6M	$5.3M	5x	as long as short
Nado TAO-PERP	+0.0373%	1h	302.56	+0.040%	$816K	$1.9M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0380%	1h	302.96	+0.172%	$21K	$1.4M	25x	as long as short
01 Exchange TAOUSD	+0.0400%	1h	302.67	+0.075%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0424%	1h	302.95	+0.168%	$377K	$757K	10x	as long as short
Phoenix TAO	+0.0521%	1h	302.70	+0.085%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	302.66	+0.073%	$348	—	20x	as long as short
Extended TAO-USD	+0.0848%	1h	302.59	+0.048%	$835K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	303.05	+0.201%	$1.4M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1043%	1h	302.91	+0.153%	$5.7M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1071%	1h	303.14	+0.231%	$92.0M	$80.4M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	302.78	+0.111%	$410K	$545K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+2.079%	$22K	$264	12x	as long as short