Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.001%

Price spread now: Gate against Paradex+0.129%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 Gate

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

The price spread pays, funding is against you. Gate is 0.129% dearer against Paradex than usual: you sell high and buy low (spread +0.129% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	305.90	0.0163	pay 0.0163% / 8h	2h 29m	$14K	$1K	10x
Short	Gate TAO_USDT	306.30	0.0100	get 0.0050% / 4h	2h 29m	$12.2M	$48.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.129%Rate

Funding earned: −$13.18
Price spread: +0.129% → 0.000%: $12.93
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$19.25
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago	3.25 bp	18.7 bp −$19	41.4 bp −$414	70.1 bp −$7,014	118.0 bp −$59.0K

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
dYdX TAO-USD	0.0000%	1h	305.82	−0.028%	$128K	$84K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	305.39	−0.167%	$15K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	305.17	−0.240%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.70	+0.260%	$42K	$523K	20x	as long as short
Pacifica TAO	+0.0100%	1h	306.05	+0.047%	$362K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.65	+0.245%	$85.8M	$402.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.78	+0.286%	$59.3M	$118.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.30	+0.129%	$25.0M	$92.5M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.86	+0.312%	$136K	$594K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	+0.381%	$201K	$57K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDTshort	+0.0100%	4h	306.30	+0.129%	$12.2M	$48.0M	50x
MEXC TAO_USDT	+0.0100%	4h	306.55	+0.211%	$113.2M	$123.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	306.40	+0.162%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.33	+0.139%	$34.3M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	306.38	+0.155%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	307.53	+0.532%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.34	+0.469%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.77	+0.609%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.19	+0.420%	$46K	$267K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.25	−0.214%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.25	−0.214%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	304.96	−0.309%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	304.47	−0.469%	$120K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.56	−0.113%	$3.2M	$7.9M	50x	as long as short
Polymarket Perps TAO-USD	+0.0104%	1h	306.82	+0.299%	$86K	$669K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.46	−0.144%	$168K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	306.47	+0.185%	$3K	$434K	5x	as long as short
Aster TAOUSDT	+0.0147%	4h	305.81	−0.030%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERPlong	+0.0163%	8h	305.90	long leg	$14K	$1K	10x
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	304.99	−0.297%	$435K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	308.30	+0.783%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0298%	1h	306.58	+0.222%	$840K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.28	+0.450%	$4.2M	$9.5M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	306.97	+0.348%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	306.32	+0.135%	$352	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	306.61	+0.232%	$901K	$2.0M	25x	as long as short
Lighter TAO	+0.0944%	1h	306.38	+0.156%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	305.96	+0.018%	$1.5M	$5.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1031%	1h	305.85	−0.019%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	306.86	+0.311%	$410K	$535K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1302%	1h	305.78	−0.041%	$437K	$703K	10x	as long as short
Hyperliquid TAO	+0.1705%	1h	306.98	+0.352%	$93.8M	$75.8M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.62	+0.888%	$22K	$138	12x	as long as short