Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0184%/8h= +20.2% APRpaid last 24h +0.071%

Price spread now: BloFin against Paradex+0.119%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 BloFin

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 +$6 a day on $10k at the current rate, and BloFin is 0.119% dearer against Paradex than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	305.56	0.0156	pay 0.0156% / 8h	1h 18m	$14K	$1K	10x
Short	BloFin TAO-USDT	305.92	0.0340	get 0.0170% / 4h	1h 18m	$4.2M	$9.5M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.119%Rate

Funding earned: $38.72
Price spread: +0.119% → 0.000%: $11.88
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: $34.6
Costs to cover: 0.160%
Break-even: 0.7 days

Slippage unknown: Paradex: no order-book sample; BloFin: live order book, 5 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 BloFin live order book, 5 min ago	2.13 bp	15.2 bp −$15	20.8 bp −$208	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	305.94	+0.126%	$26K	—	150x	as long as short
dYdX TAO-USD	+0.0016%	1h	305.46	−0.032%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.09	+0.174%	$45K	$538K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	305.52	−0.013%	$85.5M	$414.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	305.79	+0.076%	$59.1M	$121.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	305.60	+0.014%	$24.6M	$95.4M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.06	+0.165%	$79K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	302.77	−0.912%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	305.50	−0.019%	$12.2M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	305.61	+0.017%	$113.7M	$125.8M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	305.68	+0.040%	$18.2M	$27.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	305.59	+0.011%	$34.1M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.48	−0.025%	—	$30.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.18	+0.204%	$40K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	306.70	+0.375%	$507K	$967K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	306.22	+0.217%	$75K	$566K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	306.15	+0.194%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.92	+0.119%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	305.88	+0.106%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	306.02	+0.152%	$122K	$367K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.80	+0.080%	$3.2M	$7.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0102%	1h	306.21	+0.214%	$46K	$270K	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	306.11	+0.179%	$168K	$998	3x	as long as short
Variational Omni TAO	+0.0105%	4h	305.97	+0.134%	$3.7M	$6.7M	—	as long as short
Katana Perps TAO-USD	+0.0110%	8h	305.92	+0.119%	$1K	$506K	5x	as long as short
Aster TAOUSDT	+0.0123%	4h	305.66	+0.034%	$1.1M	$7.7M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0148%	1h	305.98	+0.140%	$19K	$1.4M	25x	as long as short
Paradex TAO-USD-PERPlong	+0.0156%	8h	305.56	long leg	$14K	$1K	10x
Pacifica TAO	+0.0164%	1h	305.70	+0.046%	$361K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	305.96	+0.131%	$437K	—	100x	as long as short
Nado TAO-PERP	+0.0315%	1h	306.10	+0.177%	$826K	$1.9M	10x	as long as short
BloFin TAO-USDTshort	+0.0340%	4h	305.92	+0.119%	$4.2M	$9.5M	100x
Lighter TAO	+0.0392%	1h	305.84	+0.094%	$1.6M	$5.3M	5x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	305.95	+0.129%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0458%	1h	305.94	+0.125%	$294K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	306.60	+0.341%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	306.04	+0.159%	$352	—	20x	as long as short
Extended TAO-USD	+0.0784%	1h	305.54	−0.006%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	307.01	+0.476%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1033%	1h	305.86	+0.099%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1075%	1h	306.26	+0.230%	$93.2M	$80.6M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	306.19	+0.209%	$417K	$544K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.038%	$22K	$264	12x	as long as short