Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.042%

Price spread now: Paradex against Aster+0.073%7-day average — · you sell dearer than you buy

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

Long on Aster 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 airdropAster: Stage 5 · Paradex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.073% dearer against Aster than usual: you sell high and buy low (spread +0.073% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	314.09	0.0213	pay 0.0106% / 4h	3h 31m	$1.7M	$7.1M	50x
Short	Paradex TAO-USD-PERP	314.32	0.0195	get 0.0195% / 8h	3h 31m	$15K	$992	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aster. 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 AsterbpFee ParadexbpOrdersPrice spread, now +0.073%Rate

Funding earned: −$3.85
Price spread: +0.073% → 0.000%: $7.32
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$8.54
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Aster: 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 Aster live order book, 3 min ago	0.16 bp	7.8 bp −$8	20.5 bp −$205	152.4 bp −$15.2K	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	−1.0220%	1h	313.13	−0.304%	$209K	$54K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.78	−0.098%	$132K	$95K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0002%	1h	314.13	+0.014%	$17K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	313.93	−0.049%	$28K	—	150x	as long as short
Phemex TAOUSDT	+0.0038%	4h	314.01	−0.025%	$3.3M	$8.0M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.26	+0.055%	$37K	$507K	20x	as long as short
Pacifica TAO	+0.0100%	1h	314.14	+0.015%	$365K	$396K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.23	+0.044%	$89.0M	$381.4M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.84	+0.239%	$60.4M	$112.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.60	+0.163%	$25.8M	$89.4M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TAO-USD	+0.0100%	1h	314.49	+0.128%	$142K	$585K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.50	+0.131%	$12.5M	$47.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.30	+0.068%	$106.8M	$115.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.26	+0.055%	$20.2M	$25.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.46	+0.118%	$35.4M	$42.1M	50x	as long as short
Variational Omni TAO	+0.0100%	4h	313.60	−0.155%	$3.5M	$6.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.87	−0.070%	$41K	$275K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.87	+0.250%	$561K	$947K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.08	−0.003%	$48K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.47	+0.122%	$90K	$638K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.10	+0.004%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	314.05	−0.012%	$61K	$277K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.81	−0.088%	$1K	$1.7M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.07	−0.006%	$125K	$354K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.72	+0.201%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0120%	8h	314.33	+0.077%	$898	$378K	5x	as long as short
BingX TAO-USDT	+0.0130%	4h	314.46	+0.118%	—	$29.9M	—	as long as short
Paradex TAO-USD-PERPshort	+0.0195%	8h	314.32	+0.073%	$15K	$992	10x
Aster TAOUSDTlong	+0.0213%	4h	314.09	long leg	$1.7M	$7.1M	50x
BloFin TAO-USDT	+0.0340%	4h	314.01	−0.025%	$4.3M	$9.4M	100x	as long as short
Phoenix TAO	+0.0365%	1h	314.80	+0.227%	$334K	$326K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0392%	1h	314.42	+0.106%	$6.3M	$17.8M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0491% / S −0.0188%	1h	313.90	−0.059%	$465K	—	100x	as long as short
Backpack TAO_USDC_PERP	+0.0578%	1h	314.87	+0.249%	$403K	$555K	10x	as long as short
Extended TAO-USD	+0.0584%	1h	314.05	−0.011%	$937K	$1.8M	25x	as long as short
01 Exchange TAOUSD	+0.0624%	1h	314.82	+0.233%	$3K	$4K	5x	as long as short
Nado TAO-PERP	+0.0683%	1h	314.36	+0.086%	$1.1M	$1.5M	10x	as long as short
RISEx TAO/USDC	+0.0688%	1h	314.52	+0.139%	$412K	$526K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	314.17	+0.027%	$361	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0936%	1h	314.96	+0.278%	$1.5M	$5.4M	50x	as long as short
Lighter TAO	+0.2016%	1h	315.09	+0.318%	$2.1M	$3.7M	5x	as long as short
Hyperliquid TAO	+0.2503%	1h	315.57	+0.472%	$96.0M	$67.0M	5x	as long as short
Injective TAO/USDC PERP	+0.3384%	1h	316.14	+0.653%	$23K	$137	12x	as long as short