Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0908%/8h= −99.5% APRpaid last 24h −0.101%

Price spread now: Paradex against RISEx−0.253%7-day average — · you buy dearer than you sell

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

Long on RISEx Short on Paradex

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 against this trade now: funding costs −$27 a day on $10k at the current rate, and Paradex is 0.253% cheaper against RISEx than usual: you would sell low and buy high (−$25 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	RISEx TAO/USDC	317.77	0.1141	pay 0.0143% / 1h	26m 37s	$422K	$591K	5x
Short	Paradex TAO-USD-PERP	316.97	0.0233	get 0.0233% / 8h	7h 26m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against RISEx. 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 RISExbpFee ParadexbpOrdersPrice spread, now −0.253%Rate

Funding earned: −$190.73
Price spread: −0.253% → 0.000%: −$25.27
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$226.01
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 47 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 RISEx live order book, 47 min ago	0.48 bp	3.5 bp −$4	28.3 bp −$283	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 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	−0.1321%	1h	318.22	+0.140%	$169K	$44K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.45	−0.417%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.64	−0.357%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.89	+0.036%	$43K	$590K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.75	−0.007%	$91.3M	$447.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.90	+0.039%	$26.0M	$108.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.00	−0.244%	$12.9M	$50.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.57	−0.379%	$108.1M	$135.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.52	−0.395%	$18.2M	$29.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.80	+0.008%	$35.5M	$50.8M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.29	−0.154%	$40K	$292K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	318.49	+0.226%	$527K	$969K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.91	−0.272%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.66	−0.351%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.26	−0.162%	$127K	$423K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.69	−0.341%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.33	−0.140%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	317.73	−0.014%	$735	$625K	5x	as long as short
Bullet TAO-USD	+0.0124%	1h	317.02	−0.238%	$12K	$17K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0173% / S +0.0093%	1h	316.65	−0.353%	$456K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	316.72	−0.331%	$375K	$376K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	317.74	−0.011%	$84K	$550K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0215%	1h	316.92	−0.268%	$17K	$1.5M	25x	as long as short
Aster TAOUSDT	+0.0220%	4h	316.58	−0.376%	$1.1M	$8.5M	50x	as long as short
Paradex TAO-USD-PERPshort	+0.0233%	8h	316.97	−0.253%	$14K	$1K	10x
ApeX Omni TAOUSDT	+0.0296%	1h	317.11	−0.209%	$48K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0297%	1h	317.40	−0.118%	$93K	$635K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	317.04	−0.231%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0398%	4h	317.24	−0.168%	—	$30.7M	—	as long as short
Bybit TAOUSDT	+0.0429%	4h	318.46	+0.216%	$65.6M	$133.0M	50x	as long as short
Variational Omni TAO	+0.0436%	4h	318.35	+0.180%	$5.5M	$8.7M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0484%	1h	316.74	−0.327%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	318.50	+0.228%	$333K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	322.97	+1.635%	$23K	$678	12x	as long as short
01 Exchange TAOUSD	+0.0600%	1h	317.90	+0.039%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	317.19	−0.185%	$365	—	20x	as long as short
Nado TAO-PERP	+0.0781%	1h	318.05	+0.087%	$885K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0848%	1h	316.78	−0.313%	$320K	$818K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.78	+0.002%	$1.5M	$6.3M	50x	as long as short
RISEx TAO/USDClong	+0.1141%	1h	317.77	long leg	$422K	$591K	5x
Extended TAO-USD	+0.1144%	1h	317.38	−0.123%	$921K	$2.3M	25x	as long as short
Lighter TAO	+0.1392%	1h	317.26	−0.163%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2070%	1h	316.99	−0.247%	$102.1M	$91.2M	5x	as long as short