Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h −0.001%

Price spread now: Pacifica against Paradex+0.052%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 Pacifica

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 · Pacifica: Active · farm boardneeds both histories

The price spread pays, funding is against you. Pacifica is 0.052% dearer against Paradex than usual: you sell high and buy low (spread +0.052% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	305.79	0.0163	pay 0.0163% / 8h	2h 28m	$14K	$1K	10x
Short	Pacifica TAO	305.95	0.0100	get 0.0013% / 1h	28m 13s	$361K	$401K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.052%Rate

Funding earned: −$13.25
Price spread: +0.052% → 0.000%: $5.21
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$20.04
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Pacifica: live order book, 60 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 Pacifica live order book, 60 min ago	2.40 bp	10.6 bp −$11	doesn't fit	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
dYdX TAO-USD	0.0000%	1h	305.80	+0.002%	$128K	$84K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	305.09	−0.229%	$15K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	304.87	−0.301%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	305.15	−0.209%	$41K	$526K	20x	as long as short
Pacifica TAOshort	+0.0100%	1h	305.95	+0.052%	$361K	$401K	10x
Binance TAOUSDT	+0.0100%	4h	305.07	−0.237%	$85.3M	$403.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	305.36	−0.141%	$58.9M	$118.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	305.20	−0.193%	$24.9M	$92.3M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.08	+0.095%	$136K	$595K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	+0.418%	$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_USDT	+0.0100%	4h	304.80	−0.324%	$12.2M	$48.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	305.01	−0.255%	$112.7M	$123.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	305.13	−0.216%	$18.4M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	304.89	−0.294%	$34.2M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.02	−0.252%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	307.53	+0.569%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.34	+0.506%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.77	+0.647%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.19	+0.458%	$46K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	305.68	−0.036%	$86K	$668K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.00	−0.259%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.07	−0.236%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	304.89	−0.294%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	304.97	−0.268%	$120K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	304.93	−0.281%	$3.2M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.17	−0.203%	$168K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	305.28	−0.167%	$3K	$434K	5x	as long as short
Aster TAOUSDT	+0.0147%	4h	305.05	−0.242%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERPlong	+0.0163%	8h	305.79	long leg	$14K	$1K	10x
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	304.77	−0.333%	$435K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	308.30	+0.821%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0307%	1h	305.31	−0.158%	$834K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	306.14	+0.114%	$4.2M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	305.57	−0.072%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	305.01	−0.256%	$351	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	305.09	−0.228%	$897K	$2.0M	25x	as long as short
Lighter TAO	+0.0928%	1h	305.62	−0.056%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	306.30	+0.167%	$1.5M	$5.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1032%	1h	305.33	−0.151%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	305.60	−0.061%	$409K	$535K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1262%	1h	305.88	+0.029%	$442K	$712K	10x	as long as short
Hyperliquid TAO	+0.1701%	1h	305.62	−0.056%	$93.4M	$75.9M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	305.96	+0.055%	$22K	$171	12x	as long as short