Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0310%/8h= −33.9% APRpaid last 24h −0.070%

Price spread now: Paradex against 01 Exchange−0.198%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange 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 −$9 a day on $10k at the current rate, and Paradex is 0.198% cheaper against 01 Exchange than usual: you would sell low and buy high (−$20 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	01 Exchange TAOUSD	317.73	0.0664	pay 0.0083% / 1h	21m 58s	$3K	$4K	5x
Short	Paradex TAO-USD-PERP	317.10	0.0354	get 0.0354% / 8h	6h 21m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against 01 Exchange. 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 01 ExchangebpFee ParadexbpOrdersPrice spread, now −0.198%Rate

Funding earned: −$65.06
Price spread: −0.198% → 0.000%: −$19.82
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$95.88
Costs to cover: 0.110%
Break-even: never at this rate

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

01 Exchange and 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 42 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	316.86	−0.274%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.20	−0.482%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.15	−0.183%	$40K	$632K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.90	−0.575%	$90.7M	$466.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.10	−0.513%	$26.1M	$113.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.70	−0.639%	$12.9M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.88	−0.582%	$110.2M	$139.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.89	−0.579%	$18.1M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.78	−0.614%	$35.2M	$53.6M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.28	−1.085%	$35K	$298K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	314.74	−0.941%	$47K	$252K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.24	−0.469%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.32	−0.444%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.75	−0.623%	$130K	$472K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.76	−0.620%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.42	−0.412%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0120%	8h	317.04	−0.217%	$674	$707K	5x	as long as short
Polymarket Perps TAO-USD	+0.0140%	1h	317.08	−0.205%	$82K	$680K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0148%	4h	314.81	−0.918%	$519K	$966K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	315.93	−0.568%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0091%	1h	316.22	−0.474%	$443K	—	100x	as long as short
Bullet TAO-USD	+0.0241%	1h	317.06	−0.211%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0261%	4h	315.90	−0.576%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	317.28	−0.142%	$373K	$381K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	317.44	−0.091%	$100K	$529K	5x	as long as short
Paradex TAO-USD-PERPshort	+0.0354%	8h	317.10	−0.198%	$14K	$1K	10x
Deribit TAO_USDC-PERPETUAL	+0.0389%	1h	315.99	−0.547%	$23K	$1.5M	25x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	318.67	+0.296%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0496%	1h	317.13	−0.188%	$791K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	315.90	−0.576%	$330K	$681K	5x	as long as short
01 Exchange TAOUSDlong	+0.0664%	1h	317.73	long leg	$3K	$4K	5x
Reya TAORUSDPERP	+0.0696%	1h	317.11	−0.197%	$365	—	20x	as long as short
BingX TAO-USDT	+0.0780%	4h	315.96	−0.557%	—	$30.9M	—	as long as short
Variational Omni TAO	+0.0822%	4h	315.55	−0.685%	$5.5M	$8.9M	—	as long as short
Bybit TAOUSDT	+0.0837%	4h	316.29	−0.453%	$66.4M	$137.9M	50x	as long as short
Extended TAO-USD	+0.0904%	1h	315.84	−0.594%	$909K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0929%	1h	316.28	−0.456%	$320K	$814K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	318.10	+0.116%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	317.15	−0.181%	$453K	$631K	5x	as long as short
Hyperliquid TAO	+0.1299%	1h	316.65	−0.340%	$100.4M	$94.8M	5x	as long as short
Lighter TAO	+0.1424%	1h	316.48	−0.394%	$1.6M	$6.1M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−2.765%	$164K	$40K	10x	as long as short