Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0163%/8h= −17.8% APRpaid last 24h −0.011%

Price spread now: SunX against Paradex−0.094%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 SunX

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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and SunX is 0.094% cheaper against Paradex than usual: you would sell low and buy high (−$9 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	310.28	0.0263	pay 0.0263% / 8h	6h 47m	$14K	$1K	10x
Short	SunX TAO-USDT	309.99	0.0100	get 0.0050% / 4h	2h 47m	$1K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$34.17
Price spread: −0.094% → 0.000%: −$9.36
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee SunX: 4 bp × 2 orders: −$8
Net: −$55.53
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; SunX: live order book, 8 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 SunX live order book, 8 min ago	500.16 bp	doesn't fit	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	309.14	−0.367%	$124K	$87K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	309.63	−0.209%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	310.25	−0.010%	$46K	$617K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	309.83	−0.145%	$88.9M	$460.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	310.00	−0.090%	$25.2M	$108.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	309.60	−0.219%	$12.6M	$49.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	309.76	−0.168%	$100.9M	$136.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	309.91	−0.119%	$18.0M	$30.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	309.73	−0.177%	$34.4M	$52.5M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	310.91	+0.204%	$34K	$299K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	312.42	+0.691%	$521K	$962K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	310.05	−0.074%	$56K	$321K	10x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	309.99	−0.094%	$1K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	310.29	+0.003%	$127K	$473K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.31	+0.010%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0119%	8h	310.25	−0.010%	$1K	$674K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0170%	1h	310.33	+0.015%	$5.6M	$20.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0170% / S +0.0092%	1h	309.58	−0.226%	$427K	—	100x	as long as short
Aster TAOUSDT	+0.0182%	4h	309.64	−0.206%	$1.3M	$9.1M	50x	as long as short
Bullet TAO-USD	+0.0230%	1h	310.03	−0.081%	$12K	$17K	20x	as long as short
ApeX Omni TAOUSDT	+0.0260%	1h	311.50	+0.393%	$47K	$267K	50x	as long as short
Paradex TAO-USD-PERPlong	+0.0263%	8h	310.28	long leg	$14K	$1K	10x
Pacifica TAO	+0.0285%	1h	310.48	+0.064%	$366K	$378K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	310.49	+0.068%	$82K	$551K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0339%	1h	310.07	−0.068%	$15K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.16	+0.283%	$4.4M	$10.7M	100x	as long as short
Polymarket Perps TAO-USD	+0.0341%	1h	310.27	−0.003%	$89K	$673K	5x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	315.63	+1.724%	$23K	$2K	12x	as long as short
Bulk TAO-USD	+0.0529%	1h	316.43	+1.982%	$168K	$40K	10x	as long as short
Nado TAO-PERP	+0.0537%	1h	309.91	−0.120%	$761K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	310.60	+0.103%	$325K	$681K	5x	as long as short
Phemex TAOUSDT	+0.0629%	4h	310.71	+0.138%	$3.4M	$7.9M	50x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	310.58	+0.097%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0682%	4h	311.59	+0.421%	$5.4M	$8.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	309.80	−0.154%	$356	—	20x	as long as short
BingX TAO-USDT	+0.0729%	4h	309.79	−0.158%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0782%	4h	310.12	−0.052%	$63.2M	$135.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0894%	1h	310.63	+0.113%	$314K	$816K	10x	as long as short
Extended TAO-USD	+0.0992%	1h	309.67	−0.197%	$891K	$2.4M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	311.28	+0.322%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	310.32	+0.013%	$412K	$604K	5x	as long as short
Hyperliquid TAO	+0.1296%	1h	310.30	+0.007%	$98.5M	$92.6M	5x	as long as short
Lighter TAO	+0.1432%	1h	309.85	−0.140%	$1.6M	$6.0M	5x	as long as short