Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0263%/8h= −28.8% APRpaid last 24h −0.011%

Price spread now: edgeX against Paradex−0.758%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 edgeX

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 · edgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and edgeX is 0.758% cheaper against Paradex than usual: you would sell low and buy high (−$76 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	318.79	0.0363	pay 0.0363% / 8h	6h 02m	$14K	$1K	10x
Short	edgeX TAOUSDC	316.38	0.0100	get 0.0050% / 4h	2h 02m	$36K	$300K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.758%Rate

Funding earned: −$55.27
Price spread: −0.758% → 0.000%: −$75.82
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$144.08
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; edgeX: live order book, 65 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 edgeX live order book, 65 min ago	7.89 bp	12.4 bp −$12	25.3 bp −$253	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 42 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	−0.0185%	1h	315.28	−1.102%	$167K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	318.58	−0.067%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.10	−0.217%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.88	+0.027%	$44K	$645K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.39	−0.440%	$91.5M	$466.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.30	−0.468%	$26.4M	$114.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.60	−0.374%	$13.0M	$51.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.90	−0.280%	$103.5M	$140.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.09	−0.221%	$18.0M	$30.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.13	−0.522%	$35.4M	$53.4M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDCshort	+0.0100%	4h	316.38	−0.758%	$36K	$300K	10x
Polymarket Perps TAO-USD	+0.0100%	1h	318.90	+0.033%	$77K	$713K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	318.45	−0.108%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.96	−0.261%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.34	−0.142%	$130K	$471K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.79	−0.315%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.66	−0.041%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0115%	8h	318.76	−0.010%	$2K	$727K	5x	as long as short
ApeX Omni TAOUSDT	+0.0149%	1h	316.28	−0.788%	$47K	$253K	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0166%	1h	318.11	−0.214%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0166% / S +0.0103%	1h	317.96	−0.261%	$433K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0192%	4h	316.84	−0.613%	$527K	$957K	10x	as long as short
Bullet TAO-USD	+0.0230%	1h	318.27	−0.164%	$12K	$18K	20x	as long as short
Aster TAOUSDT	+0.0273%	4h	318.15	−0.201%	$1.2M	$9.3M	50x	as long as short
Pacifica TAO	+0.0285%	1h	318.87	+0.025%	$371K	$396K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	319.08	+0.090%	$100K	$489K	5x	as long as short
Paradex TAO-USD-PERPlong	+0.0363%	8h	318.79	long leg	$14K	$1K	10x
Injective TAO/USDC PERP	+0.0470%	1h	321.23	+0.764%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0521%	1h	318.73	−0.019%	$761K	$2.1M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0526%	1h	318.33	−0.146%	$14K	$1.6M	25x	as long as short
Phoenix TAO	+0.0588%	1h	317.40	−0.437%	$333K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0656%	1h	319.20	+0.128%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	318.37	−0.133%	$366	—	20x	as long as short
Bybit TAOUSDT	+0.0739%	4h	317.46	−0.418%	$67.3M	$138.1M	50x	as long as short
BingX TAO-USDT	+0.0768%	4h	317.90	−0.280%	—	$30.9M	—	as long as short
Variational Omni TAO	+0.0857%	4h	316.54	−0.707%	$6.1M	$9.5M	—	as long as short
Extended TAO-USD	+0.0896%	1h	318.14	−0.204%	$906K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0926%	1h	317.84	−0.299%	$321K	$806K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	319.52	+0.228%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	318.91	+0.037%	$450K	$625K	5x	as long as short
Hyperliquid TAO	+0.1347%	1h	318.06	−0.230%	$100.1M	$97.2M	5x	as long as short
Lighter TAO	+0.1384%	1h	318.69	−0.034%	$1.6M	$6.1M	5x	as long as short