Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0582%/8h= +63.7% APRpaid last 24h +0.048%

Price spread now: Extended against Paradex−0.016%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 Extended

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 · Extended: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$17 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	324.12	0.0322	pay 0.0322% / 8h	5h 32m	$15K	$1K	10x
Short	Extended TAO-USD	324.07	0.0904	get 0.0113% / 1h	32m 40s	$949K	$2.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.016%Rate

Funding earned: $122.13
Price spread: −0.016% → 0.000%: −$1.65
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $111.48
Costs to cover: 0.090%
Break-even: 0.6 days

Slippage unknown: Paradex: no order-book sample; Extended: live order book, 1 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 Extended live order book, 1 min ago	2.77 bp	5.8 bp −$6	8.8 bp −$88	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
Bulk TAO-USD	−0.5583%	1h	316.49	−2.355%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	324.03	−0.029%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	323.91	−0.065%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	324.15	+0.008%	$35K	$671K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	324.10	−0.007%	$94.5M	$477.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	324.00	−0.038%	$26.7M	$119.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.90	−0.069%	$13.3M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	324.11	−0.004%	$110.5M	$141.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.98	−0.044%	$17.9M	$31.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	323.94	−0.057%	$36.2M	$54.4M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	322.54	−0.487%	$36K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	324.24	+0.036%	$88K	$789K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	324.16	+0.011%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	324.26	+0.042%	$131K	$480K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	324.33	+0.064%	$3.5M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	324.87	+0.229%	$178K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0110%	4h	324.15	+0.008%	$59K	$281K	10x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	324.16	+0.011%	$689	$773K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0161% / S +0.0106%	1h	323.89	−0.073%	$441K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0242%	1h	324.27	+0.046%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0264%	4h	324.65	+0.164%	$540K	$963K	10x	as long as short
Bullet TAO-USD	+0.0318%	1h	324.41	+0.087%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERPlong	+0.0322%	8h	324.12	long leg	$15K	$1K	10x
BloFin TAO-USDT	+0.0340%	4h	324.60	+0.147%	$4.5M	$10.9M	100x	as long as short
Aster TAOUSDT	+0.0373%	4h	324.21	+0.027%	$1.2M	$9.6M	50x	as long as short
Pacifica TAO	+0.0448%	1h	324.27	+0.045%	$383K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	324.60	+0.147%	$339K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	324.46	+0.104%	$101K	$489K	5x	as long as short
Nado TAO-PERP	+0.0535%	1h	324.34	+0.068%	$793K	$2.2M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0587%	1h	324.22	+0.029%	$31K	$1.6M	25x	as long as short
Bybit TAOUSDT	+0.0602%	4h	324.25	+0.039%	$71.2M	$143.0M	50x	as long as short
BingX TAO-USDT	+0.0608%	4h	324.12	−0.001%	—	$30.2M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	324.34	+0.067%	$373	—	20x	as long as short
01 Exchange TAOUSD	+0.0784%	1h	324.69	+0.175%	$3K	$4K	5x	as long as short
ApeX Omni TAOUSDT	+0.0804%	1h	322.29	−0.566%	$47K	$254K	50x	as long as short
Variational Omni TAO	+0.0866%	4h	320.39	−1.151%	$5.9M	$9.7M	—	as long as short
Lighter TAO	+0.0888%	1h	324.42	+0.092%	$1.6M	$6.3M	5x	as long as short
Extended TAO-USDshort	+0.0904%	1h	324.07	−0.016%	$949K	$2.3M	25x
Coinbase International TAO-PERP-INTX	+0.1024%	1h	325.33	+0.372%	$1.5M	$6.7M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1074%	1h	324.63	+0.156%	$446K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	324.22	+0.030%	$460K	$628K	5x	as long as short
Hyperliquid TAO	+0.1317%	1h	324.60	+0.147%	$102.0M	$98.9M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	−0.232%	$24K	$2K	12x	as long as short