Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0198%/8h= +21.7% APRpaid last 24h +0.024%

Price spread now: Paradex against Polymarket Perps+0.199%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Paradex

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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and Paradex is 0.199% dearer against Polymarket Perps than usual: you sell high and buy low: +$20 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	Polymarket Perps TAO-USD	313.14	0.0100	pay 0.0013% / 1h	48m 10s	$68K	$1.1M	5x
Short	Paradex TAO-USD-PERP	313.76	0.0298	get 0.0298% / 8h	4h 48m	$14K	$769	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Polymarket Perps. 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 Polymarket PerpsbpFee ParadexbpOrdersPrice spread, now +0.199%Rate

Funding earned: $41.64
Price spread: +0.199% → 0.000%: $19.93
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $49.57
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Polymarket Perps: live order book, 3 min ago; Paradex: 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 Polymarket Perps live order book, 3 min ago	0.16 bp	10.0 bp −$10	11.3 bp −$113	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	313.00	−0.046%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.27	+0.042%	$54K	$632K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.40	+0.083%	$26.7M	$125.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.10	−0.013%	$16.1M	$46.5M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.49	+0.112%	$17.3M	$31.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.11	−0.010%	$35.4M	$54.3M	50x	as long as short
Polymarket Perps TAO-USDlong	+0.0100%	1h	313.14	long leg	$68K	$1.1M	5x
SunX TAO-USDT	+0.0100%	4h	313.27	+0.042%	$2K	$1.7M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.17	+0.010%	$114K	$550K	20x	as long as short
Katana Perps TAO-USD	+0.0102%	8h	313.08	−0.019%	$1K	$1.3M	5x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended TAO-USD	+0.0104%	1h	313.46	+0.101%	$922K	$2.1M	25x	as long as short
ApeX Omni TAOUSDT	+0.0105%	1h	312.02	−0.358%	$44K	$254K	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	314.33	+0.380%	$173K	$998	3x	as long as short
MEXC TAO_USDT	+0.0166%	4h	313.44	+0.096%	$111.7M	$147.1M	300x	as long as short
Binance TAOUSDT	+0.0168%	4h	313.51	+0.118%	$93.0M	$507.0M	75x	as long as short
edgeX TAOUSDC	+0.0172%	4h	311.93	−0.386%	$41K	$325K	10x	as long as short
Pacifica TAO	+0.0223%	1h	313.76	+0.198%	$381K	$455K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0272%	4h	312.02	−0.357%	$531K	$786K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0280%	4h	313.46	+0.102%	$52K	$262K	10x	as long as short
Paradex TAO-USD-PERPshort	+0.0298%	8h	313.76	+0.199%	$14K	$769	10x
Bullet TAO-USD	+0.0309%	1h	313.33	+0.061%	$12K	$16K	20x	as long as short
Lighter TAO	+0.0344%	1h	313.59	+0.144%	$1.6M	$6.7M	5x	as long as short
Aster TAOUSDT	+0.0353%	4h	313.51	+0.119%	$1.2M	$11.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0371% / S −0.0114%	1h	312.97	−0.053%	$377K	—	100x	as long as short
BingX TAO-USDT	+0.0372%	4h	313.35	+0.067%	—	$37.7M	—	as long as short
Bybit TAOUSDT	+0.0392%	4h	313.55	+0.131%	$69.3M	$154.4M	50x	as long as short
BloFin TAO-USDT	+0.0406%	4h	312.15	−0.316%	$4.9M	$10.5M	100x	as long as short
Phemex TAOUSDT	+0.0436%	4h	313.23	+0.029%	$3.1M	$8.3M	50x	as long as short
dYdX TAO-USD	+0.0461%	1h	313.18	+0.013%	$264K	$230K	5x	as long as short
Nado TAO-PERP	+0.0482%	1h	313.06	−0.026%	$651K	$2.0M	10x	as long as short
Hyperliquid TAO	+0.0551%	1h	313.60	+0.147%	$93.7M	$105.4M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0568%	1h	313.49	+0.113%	$23K	$1.9M	25x	as long as short
Arcus TAO-USD	+0.0587%	1h	313.50	+0.115%	$99K	$285K	5x	as long as short
Variational Omni TAO	+0.0603%	4h	312.01	−0.360%	$6.2M	$10.1M	—	as long as short
Phoenix TAO	+0.0636%	1h	312.80	−0.109%	$314K	$701K	5x	as long as short
RISEx TAO/USDC	+0.0694%	1h	313.15	+0.004%	$436K	$664K	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	313.02	−0.038%	$360	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0728%	1h	313.68	+0.172%	$1.1M	$7.4M	50x	as long as short
01 Exchange TAOUSD	+0.0784%	1h	313.61	+0.150%	$3K	$2K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0862%	1h	313.48	+0.110%	$6.2M	$19.6M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0881%	1h	313.50	+0.115%	$298K	$1.1M	10x	as long as short
Bulk TAO-USD	+0.1436%	1h	313.89	+0.240%	$166K	$662	10x	as long as short
Injective TAO/USDC PERP	+0.4136%	1h	317.23	+1.306%	$23K	$2K	12x	as long as short