Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0383%/8h= +42.0% APRpaid last 24h +0.076%

Price spread now: 01 Exchange against Paradex+0.170%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 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 for this trade now. Funding pays +$11 a day on $10k at the current rate, and 01 Exchange is 0.170% dearer against Paradex than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	309.59	0.0161	pay 0.0161% / 8h	2h 06m	$14K	$1K	10x
Short	01 Exchange TAOUSD	310.12	0.0544	get 0.0068% / 1h	6m 45s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.170%Rate

Funding earned: $80.49
Price spread: +0.170% → 0.000%: $17.05
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $86.54
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; 01 Exchange: no order-book sample. 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 01 Exchange no order-book sample	—	—	—	—	—

Paradex and 01 Exchange: 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	−0.0601%	1h	309.73	+0.045%	$203K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	308.27	−0.427%	$129K	$84K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	309.03	−0.180%	$11K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	309.36	−0.075%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	309.65	+0.019%	$43K	$528K	20x	as long as short
Pacifica TAO	+0.0100%	1h	309.85	+0.083%	$366K	$368K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	308.38	−0.392%	$86.5M	$405.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	308.65	−0.304%	$60.0M	$119.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.50	−0.353%	$25.5M	$93.8M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	309.93	+0.109%	$138K	$604K	5x	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	308.50	−0.353%	$12.3M	$48.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	308.60	−0.320%	$119.0M	$126.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	308.54	−0.340%	$18.9M	$26.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.47	−0.362%	$34.5M	$44.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	308.47	−0.362%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	307.99	−0.518%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	308.32	−0.410%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	309.18	−0.134%	$550K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.84	−0.566%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	309.71	+0.038%	$78K	$675K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	309.59	+0.001%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	309.22	−0.120%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	309.38	−0.069%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	309.54	−0.017%	$122K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	309.01	−0.188%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	309.34	−0.080%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	309.82	+0.074%	$1K	$451K	5x	as long as short
Paradex TAO-USD-PERPlong	+0.0161%	8h	309.59	long leg	$14K	$1K	10x
Aster TAOUSDT	+0.0162%	4h	308.66	−0.302%	$1.1M	$7.6M	50x	as long as short
Phoenix TAO	+0.0234%	1h	308.80	−0.256%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0294%	1h	309.65	+0.019%	$855K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	309.54	−0.017%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0486% / S −0.0184%	1h	309.31	−0.090%	$454K	—	100x	as long as short
01 Exchange TAOUSDshort	+0.0544%	1h	310.12	+0.170%	$3K	$4K	5x
Reya TAORUSDPERP	+0.0694%	1h	309.53	−0.020%	$356	—	20x	as long as short
Extended TAO-USD	+0.0768%	1h	308.57	−0.331%	$912K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0913%	1h	309.00	−0.191%	$384K	$754K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	311.63	+0.658%	$1.5M	$5.5M	50x	as long as short
Lighter TAO	+0.0976%	1h	308.69	−0.291%	$1.7M	$4.8M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1019%	1h	309.25	−0.111%	$6.4M	$19.0M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	309.81	+0.071%	$414K	$542K	5x	as long as short
Hyperliquid TAO	+0.1849%	1h	309.38	−0.069%	$96.9M	$77.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	−0.278%	$22K	$271	12x	as long as short