Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0061%/8h= −6.7% APRpaid last 24h −0.023%

Price spread now: MEXC against Paradex−0.004%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 MEXC

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 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	318.33	0.0213	pay 0.0213% / 8h	5h 56m	$14K	$876	10x
Short	MEXC TAO_USDT	318.32	0.0152	get 0.0076% / 4h	1h 56m	$101.8M	$146.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.004%Rate

Funding earned: −$12.8
Price spread: −0.004% → 0.000%: −$0.37
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee MEXC: 0 bp × 2 orders: $0
Net: −$17.17
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; MEXC: 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 MEXC live order book, 5 min ago	0.79 bp	2.3 bp −$2	6.8 bp −$68	23.9 bp −$2,390	86.6 bp −$43.3K

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 exchanges

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 −0.0003%	1h	318.29	−0.013%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.61	+0.087%	$51K	$631K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.20	−0.041%	$27.0M	$128.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.00	−0.104%	$15.8M	$47.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.11	−0.070%	$17.7M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.98	−0.110%	$36.0M	$56.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.54	+0.380%	$45K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.24	−0.029%	$81K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.43	+0.031%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.96	−0.117%	$113K	$563K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	318.58	+0.078%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0104%	8h	317.99	−0.107%	$897	$1.3M	5x	as long as short
Bybit TAOUSDT	+0.0114%	4h	318.32	−0.004%	$69.8M	$155.5M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	318.64	+0.098%	$175K	$998	3x	as long as short
edgeX TAOUSDC	+0.0147%	4h	318.65	+0.098%	$42K	$324K	10x	as long as short
Binance TAOUSDT	+0.0150%	4h	318.35	+0.006%	$93.5M	$511.6M	75x	as long as short
MEXC TAO_USDTshort	+0.0152%	4h	318.32	−0.004%	$101.8M	$146.5M	300x
BingX TAO-USDT	+0.0152%	4h	318.29	−0.013%	—	$37.9M	—	as long as short
Paradex TAO-USD-PERPlong	+0.0213%	8h	318.33	long leg	$14K	$876	10x
Extended TAO-USD	+0.0232%	1h	318.18	−0.048%	$961K	$2.1M	25x	as long as short
Pacifica TAO	+0.0240%	1h	318.46	+0.039%	$377K	$456K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0258%	4h	318.58	+0.078%	$53K	$262K	10x	as long as short
Bullet TAO-USD	+0.0273%	1h	318.68	+0.110%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0296%	4h	319.14	+0.254%	$544K	$824K	10x	as long as short
Lighter TAO	+0.0320%	1h	318.54	+0.065%	$1.6M	$6.6M	5x	as long as short
Aster TAOUSDT	+0.0321%	4h	318.57	+0.075%	$1.3M	$11.2M	50x	as long as short
dYdX TAO-USD	+0.0323%	1h	318.44	+0.034%	$269K	$231K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0361% / S −0.0107%	1h	318.33	−0.001%	$374K	—	100x	as long as short
BloFin TAO-USDT	+0.0393%	4h	318.71	+0.119%	$4.9M	$10.4M	100x	as long as short
Variational Omni TAO	+0.0442%	4h	318.65	+0.100%	$5.7M	$9.8M	—	as long as short
Hyperliquid TAO	+0.0506%	1h	318.62	+0.091%	$96.1M	$107.3M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0519%	1h	318.52	+0.059%	$15K	$1.9M	25x	as long as short
Nado TAO-PERP	+0.0534%	1h	318.67	+0.107%	$704K	$2.0M	10x	as long as short
Phoenix TAO	+0.0567%	1h	319.60	+0.398%	$321K	$710K	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	318.58	+0.078%	$100K	$311K	5x	as long as short
RISEx TAO/USDC	+0.0666%	1h	318.13	−0.065%	$433K	$685K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0671%	1h	318.60	+0.084%	$299K	$1.1M	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	319.02	+0.216%	$1.1M	$7.7M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	318.50	+0.054%	$366	—	20x	as long as short
Bulk TAO-USD	+0.0807%	1h	318.75	+0.131%	$169K	$0	10x	as long as short
01 Exchange TAOUSD	+0.0856%	1h	318.98	+0.204%	$3K	$2K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0925%	1h	318.66	+0.102%	$6.2M	$19.5M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	322.67	+1.363%	$23K	$2K	12x	as long as short