Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h −0.023%

Price spread now: Binance against Paradex−0.057%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Binance

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 against this trade now: funding costs −$3 a day on $10k at the current rate, and Binance is 0.057% cheaper against Paradex than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	316.60	0.0251	pay 0.0251% / 8h	7h 52m	$14K	$1K	10x
Short	Binance TAOUSDT	316.42	0.0165	get 0.0082% / 4h	3h 52m	$92.5M	$531.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.057%Rate

Funding earned: −$18.03
Price spread: −0.057% → 0.000%: −$5.67
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$37.7
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Binance: live order book, 6 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 Binance live order book, 6 min ago	0.16 bp	6.4 bp −$6	12.5 bp −$125	33.0 bp −$3,304	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	315.63	−0.304%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.94	+0.109%	$49K	$718K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	316.70	+0.033%	$1K	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.40	−0.062%	$26.3M	$130.8M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.09	+0.156%	$168K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.40	−0.062%	$14.8M	$49.0M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.65	+0.017%	$17.8M	$32.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.40	−0.062%	$35.6M	$57.7M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.18	−0.130%	$541K	$887K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.06	+0.147%	$87K	$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	316.36	−0.074%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.33	−0.084%	$115K	$590K	20x	as long as short
ApeX Omni TAOUSDT	+0.0101%	1h	315.82	−0.245%	$45K	$259K	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	316.69	+0.030%	$174K	$998	3x	as long as short
dYdX TAO-USD	+0.0143%	1h	316.16	−0.137%	$127K	$86K	5x	as long as short
Binance TAOUSDTshort	+0.0165%	4h	316.42	−0.057%	$92.5M	$531.7M	75x
MEXC TAO_USDT	+0.0166%	4h	316.66	+0.020%	$104.0M	$151.3M	300x	as long as short
edgeX TAOUSDC	+0.0172%	4h	315.95	−0.205%	$42K	$320K	10x	as long as short
BingX TAO-USDT	+0.0176%	4h	316.63	+0.011%	—	$37.3M	—	as long as short
Orderly PERP_TAO_USDC	+0.0196%	4h	316.60	+0.002%	$54K	$299K	10x	as long as short
Paradex TAO-USD-PERPlong	+0.0251%	8h	316.60	long leg	$14K	$1K	10x
Bullet TAO-USD	+0.0299%	1h	316.60	+0.003%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0324%	4h	316.45	−0.047%	$1.3M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	316.44	−0.050%	$371K	$454K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0366% / S −0.0107%	1h	316.21	−0.121%	$372K	—	100x	as long as short
Extended TAO-USD	+0.0384%	1h	316.45	−0.046%	$899K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0404%	1h	316.95	+0.112%	$100K	$377K	5x	as long as short
BloFin TAO-USDT	+0.0405%	4h	316.62	+0.008%	$4.8M	$10.9M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0448%	1h	316.50	−0.030%	$15K	$1.9M	25x	as long as short
Hyperliquid TAO	+0.0561%	1h	316.77	+0.055%	$93.6M	$109.5M	5x	as long as short
Nado TAO-PERP	+0.0572%	1h	316.96	+0.116%	$778K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	318.30	+0.538%	$320K	$714K	5x	as long as short
Variational Omni TAO	+0.0589%	4h	316.63	+0.012%	$5.6M	$10.1M	—	as long as short
Phemex TAOUSDT	+0.0606%	4h	316.49	−0.033%	$3.2M	$8.2M	50x	as long as short
Lighter TAO	+0.0648%	1h	316.81	+0.068%	$1.6M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0656%	1h	316.98	+0.122%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	316.78	+0.059%	$364	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0786%	1h	316.72	+0.038%	$6.0M	$21.4M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0829%	1h	316.77	+0.055%	$317K	$1.0M	10x	as long as short
RISEx TAO/USDC	+0.0840%	1h	316.73	+0.041%	$449K	$668K	5x	as long as short
Bybit TAOUSDT	+0.0913%	4h	316.58	−0.005%	$69.7M	$156.3M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	317.34	+0.235%	$1.2M	$7.3M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	321.91	+1.679%	$23K	$2K	12x	as long as short