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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 04:00 UTC+0.0809%/8h= +88.6% APRpaid last 24h +0.234%
Price spread now: Coinbase International against Paradex−0.188%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on ParadexShort on Coinbase International
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
Funding pays, the price is against you. Coinbase International is 0.188% cheaper against Paradex than usual: you would sell low and buy high (spread −0.188% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$19 on $10k: about 19 hours of funding at the current rate (+$24 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex TAO-USD-PERP313.150.0143pay 0.0143% / 8h3h 50m$14K$1K10x
ShortCoinbase International TAO-PERP-INTX312.560.0952get 0.0119% / 1h50m 48s$1.5M$6.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International 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

Funding earned
$169.87
Price spread: −0.188% → 0.000%
−$18.8
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$137.08
Costs to cover
0.140%
Break-even
1.4 days
Slippage unknown: Paradex: no order-book sample; Coinbase International: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample—————
Sell Coinbase International live order book, 3 min ago9.53 bp14.5 bp −$1519.0 bp −$190doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_TAOUSD−0.0348%1h312.05−0.352%$5.5M$20.6M50xas long as short
Gate TAO_USDT−0.0174%4h312.30−0.271%$13.0M$49.3M50xas long as short
dYdX TAO-USD0.0000%1h312.75−0.129%$125K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h312.20−0.303%$20K—150xas long as short
Popdex TAOUSDT+0.0096%1h312.89−0.083%$43K$653K20xas long as short
Katana Perps TAO-USD+0.0098%8h312.72−0.137%$640$808K5xas long as short
Pacifica TAO+0.0100%1h313.11−0.011%$357K$412K10xas long as short
Binance TAOUSDT+0.0100%4h312.60−0.175%$90.1M$496.7M75xas long as short
Bybit TAOUSDT+0.0100%4h312.67−0.153%$67.4M$149.5M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h312.60−0.175%$25.9M$120.2M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD+0.0100%1h315.10+0.623%$167K$2K10xas long as short
MEXC TAO_USDT+0.0100%4h312.65−0.159%$101.1M$143.8M300xas long as short
KuCoin TAOUSDTM+0.0100%4h312.42−0.233%$17.7M$31.2M75xas long as short
Bitget TAOUSDT+0.0100%4h312.29−0.274%$34.9M$56.6M50xas long as short
BingX TAO-USDT+0.0100%4h312.57−0.185%—$33.0M—as long as short
edgeX TAOUSDC+0.0100%4h314.18+0.328%$42K$312K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h314.25+0.352%$46K$255K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h312.66−0.156%$81K$866K5xas long as short
Bullet TAO-USD+0.0100%1h312.58−0.180%$11K$18K20xas long as short
SunX TAO-USDT+0.0100%4h312.24−0.290%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h311.74−0.450%$109K$536K20xas long as short
Aevo TAO-PERP+0.0104%1h312.30−0.272%$172K$9983xas long as short
GRVT TAO_USDT_Perp+0.0112%4h314.50+0.432%$533K$955K10xas long as short
Orderly PERP_TAO_USDC+0.0121%4h312.18−0.309%$52K$270K10xas long as short
Aster TAOUSDT+0.0140%4h312.32−0.265%$1.2M$10.4M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0142% / S +0.0125%1h312.15−0.319%$424K—100xas long as short
Paradex TAO-USD-PERPlong+0.0143%8h313.15long leg$14K$1K10x
Hyperliquid TAO+0.0143%1h312.38−0.245%$91.6M$106.7M5xas long as short
Extended TAO-USD+0.0184%1h312.50−0.208%$918K$2.4M25xas long as short
Deribit TAO_USDC-PERPETUAL+0.0230%1h312.20−0.302%$21K$1.7M25xas long as short
Arcus TAO-USD+0.0231%1h313.150.000%$101K$441K5xas long as short
Nado TAO-PERP+0.0240%1h312.95−0.063%$794K$2.2M10xas long as short
BloFin TAO-USDT+0.0340%4h312.43−0.229%$4.5M$10.8M100xas long as short
Variational Omni TAO+0.0346%4h312.61−0.172%$5.6M$10.0M—as long as short
Lighter TAO+0.0360%1h312.45−0.222%$1.5M$6.4M5xas long as short
Backpack TAO_USDC_PERP+0.0388%1h312.25−0.287%$310K$914K10xas long as short
01 Exchange TAOUSD+0.0400%1h313.00−0.047%$3K$4K5xas long as short
Phoenix TAO+0.0457%1h313.90+0.240%$312K$711K5xas long as short
Reya TAORUSDPERP+0.0697%1h312.66−0.156%$360—20xas long as short
RISEx TAO/USDC+0.0816%1h312.87−0.090%$434K$653K5xas long as short
Coinbase International TAO-PERP-INTXshort+0.0952%1h312.56−0.188%$1.5M$6.6M50x
Phemex TAOUSDT+0.1673%4h312.34−0.258%$3.2M$8.1M50xas long as short
Injective TAO/USDC PERP+0.4092%1h317.38+1.351%$23K$2K12xas long as short