Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0604%/8h= −66.2% APRpaid last 24h +0.318%

Price spread now: Paradex against Bulk−0.867%7-day average — · you buy dearer than you sell

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

Long on Bulk 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 against this trade now: funding costs −$18 a day on $10k at the current rate, and Paradex is 0.867% cheaper against Bulk than usual: you would sell low and buy high (−$87 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	Bulk TAO-USD	318.75	0.0807	pay 0.0101% / 1h	46m 53s	$169K	$0	10x
Short	Paradex TAO-USD-PERP	315.99	0.0203	get 0.0203% / 8h	5h 46m	$14K	$876	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bulk. 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 BulkbpFee ParadexbpOrdersPrice spread, now −0.867%Rate

Funding earned: −$126.91
Price spread: −0.867% → 0.000%: −$86.74
Slippage, 4 orders: no order book: not counted
Fee Bulk: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$224.64
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bulk: live order book, 65 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 Bulk live order book, 65 min ago	0.47 bp	5.5 bp −$6	9.4 bp −$94	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	315.39	−1.053%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.80	−0.925%	$50K	$632K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.00	−0.863%	$26.8M	$128.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.80	−0.925%	$15.7M	$47.5M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.96	−0.875%	$17.5M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.80	−0.925%	$35.8M	$56.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.75	−0.627%	$45K	$253K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.50	−1.020%	$81K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.36	−1.064%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.44	−1.038%	$112K	$564K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0104%	8h	315.52	−1.013%	$890	$1.3M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	315.76	−0.936%	$173K	$998	3x	as long as short
Bybit TAOUSDT	+0.0126%	4h	316.19	−0.803%	$69.2M	$155.7M	50x	as long as short
MEXC TAO_USDT	+0.0134%	4h	316.12	−0.825%	$106.0M	$147.6M	300x	as long as short
Binance TAOUSDT	+0.0136%	4h	316.10	−0.830%	$93.0M	$511.1M	75x	as long as short
BingX TAO-USDT	+0.0140%	4h	316.06	−0.844%	—	$38.0M	—	as long as short
edgeX TAOUSDC	+0.0141%	4h	316.70	−0.643%	$42K	$324K	10x	as long as short
Lighter TAO	+0.0176%	1h	315.82	−0.920%	$1.6M	$6.6M	5x	as long as short
Phemex TAOUSDT	+0.0200%	4h	315.75	−0.941%	$3.2M	$8.1M	50x	as long as short
Paradex TAO-USD-PERPshort	+0.0203%	8h	315.99	−0.867%	$14K	$876	10x
Extended TAO-USD	+0.0208%	1h	315.98	−0.870%	$954K	$2.1M	25x	as long as short
Pacifica TAO	+0.0240%	1h	316.06	−0.844%	$374K	$456K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0248%	4h	315.96	−0.877%	$539K	$805K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0255%	4h	315.64	−0.976%	$53K	$262K	10x	as long as short
Bullet TAO-USD	+0.0263%	1h	315.74	−0.945%	$12K	$16K	20x	as long as short
Aster TAOUSDT	+0.0301%	4h	316.08	−0.838%	$1.2M	$11.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0359% / S −0.0107%	1h	315.34	−1.069%	$371K	—	100x	as long as short
BloFin TAO-USDT	+0.0376%	4h	315.91	−0.891%	$4.9M	$10.5M	100x	as long as short
Nado TAO-PERP	+0.0393%	1h	315.74	−0.944%	$694K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0404%	1h	315.68	−0.964%	$15K	$1.9M	25x	as long as short
Variational Omni TAO	+0.0444%	4h	316.43	−0.726%	$5.7M	$9.8M	—	as long as short
Hyperliquid TAO	+0.0485%	1h	315.93	−0.885%	$95.0M	$107.1M	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	316.17	−0.809%	$100K	$310K	5x	as long as short
01 Exchange TAOUSD	+0.0616%	1h	315.86	−0.907%	$3K	$2K	5x	as long as short
Phoenix TAO	+0.0650%	1h	316.90	−0.580%	$319K	$710K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0663%	1h	315.87	−0.904%	$297K	$1.1M	10x	as long as short
RISEx TAO/USDC	+0.0666%	1h	315.77	−0.935%	$436K	$672K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	316.00	−0.863%	$1.1M	$7.6M	50x	as long as short
dYdX TAO-USD	+0.0696%	1h	315.77	−0.935%	$266K	$230K	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	315.58	−0.993%	$363	—	20x	as long as short
Bulk TAO-USDlong	+0.0807%	1h	318.75	long leg	$169K	$0	10x
Kraken Futures PF_TAOUSD	+0.0933%	1h	315.81	−0.922%	$6.2M	$19.5M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	320.28	+0.480%	$23K	$2K	12x	as long as short