Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.011%

Price spread now: Paradex against Binance−0.208%7-day average — · you buy dearer than you sell

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

Long on Binance 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

Funding pays, the price is against you. Paradex is 0.208% cheaper against Binance than usual: you would sell low and buy high (spread −0.208% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 11 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	319.66	0.0173	pay 0.0086% / 4h	50m 04s	$92.8M	$529.5M	75x
Short	Paradex TAO-USD-PERP	318.99	0.0238	get 0.0238% / 8h	50m 04s	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Binance. 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 BinancebpFee ParadexbpOrdersPrice spread, now −0.208%Rate

Funding earned: $13.7
Price spread: −0.208% → 0.000%: −$20.8
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$21.1
Costs to cover: 0.140%
Break-even: 17.8 days

Slippage unknown: Binance: live order book, 9 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 Binance live order book, 9 min ago	0.16 bp	8.4 bp −$8	13.8 bp −$138	33.4 bp −$3,335	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	318.61	−0.327%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0067%	1h	318.50	−0.361%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.97	−0.214%	$44K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.60	−0.017%	$26.6M	$130.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.20	−0.142%	$14.5M	$50.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.50	−0.049%	$18.0M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.33	−0.102%	$35.9M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.66	−0.624%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.82	−0.261%	$85K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.70	−0.299%	$1K	$2.0M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	318.30	−0.424%	$116K	$604K	20x	as long as short
Katana Perps TAO-USD	+0.0107%	8h	318.85	−0.252%	$2K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0110% / S +0.0157%	1h	318.60	−0.329%	$424K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.11	−0.170%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0140%	4h	319.14	−0.161%	$53K	$293K	10x	as long as short
edgeX TAOUSDC	+0.0161%	4h	317.66	−0.625%	$42K	$318K	10x	as long as short
MEXC TAO_USDT	+0.0166%	4h	319.59	−0.020%	$108.2M	$150.5M	300x	as long as short
Binance TAOUSDTlong	+0.0173%	4h	319.66	long leg	$92.8M	$529.5M	75x
Paradex TAO-USD-PERPshort	+0.0238%	8h	318.99	−0.208%	$14K	$1K	10x
BingX TAO-USDT	+0.0248%	4h	319.59	−0.020%	—	$37.1M	—	as long as short
Bybit TAOUSDT	+0.0259%	4h	319.69	+0.011%	$70.0M	$156.2M	50x	as long as short
Pacifica TAO	+0.0313%	1h	318.67	−0.307%	$362K	$427K	10x	as long as short
Bulk TAO-USD	+0.0314%	1h	317.73	−0.602%	$169K	$333	10x	as long as short
GRVT TAO_USDT_Perp	+0.0316%	4h	317.65	−0.626%	$542K	$926K	10x	as long as short
Aster TAOUSDT	+0.0334%	4h	319.50	−0.048%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0336%	1h	319.26	−0.125%	$908K	$2.4M	25x	as long as short
Bullet TAO-USD	+0.0345%	1h	319.05	−0.189%	$12K	$17K	20x	as long as short
Lighter TAO	+0.0360%	1h	319.63	−0.008%	$1.6M	$6.9M	5x	as long as short
BloFin TAO-USDT	+0.0408%	4h	319.00	−0.205%	$4.7M	$11.0M	100x	as long as short
Nado TAO-PERP	+0.0419%	1h	319.00	−0.205%	$790K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	319.15	−0.158%	$103K	$389K	5x	as long as short
Variational Omni TAO	+0.0505%	4h	318.69	−0.301%	$5.6M	$10.3M	—	as long as short
Phemex TAOUSDT	+0.0557%	4h	319.67	+0.005%	$3.2M	$8.2M	50x	as long as short
Phoenix TAO	+0.0629%	1h	318.20	−0.455%	$317K	$703K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0687%	1h	319.47	−0.059%	$15K	$2.0M	25x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.90	−0.237%	$367	—	20x	as long as short
01 Exchange TAOUSD	+0.0728%	1h	319.38	−0.086%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0755%	1h	319.80	+0.045%	$298K	$905K	10x	as long as short
Hyperliquid TAO	+0.0789%	1h	319.91	+0.080%	$94.6M	$110.0M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0829%	1h	319.63	−0.008%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	318.90	−0.237%	$444K	$680K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.35	−0.096%	$1.6M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	320.67	+0.317%	$23K	$2K	12x	as long as short