Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0081%/8h= +8.9% APRpaid last 24h +0.011%

Price spread now: Paradex against edgeX−0.164%7-day average — · you buy dearer than you sell

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

Long on edgeX 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 airdropedgeX: Active · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.164% cheaper against edgeX than usual: you would sell low and buy high (spread −0.164% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 6.7 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	edgeX TAOUSDC	315.11	0.0100	pay 0.0050% / 4h	35m 09s	$35K	$303K	10x
Short	Paradex TAO-USD-PERP	314.60	0.0181	get 0.0181% / 8h	4h 35m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against edgeX. 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 edgeXbpFee ParadexbpOrdersPrice spread, now −0.164%Rate

Funding earned: $16.99
Price spread: −0.164% → 0.000%: −$16.35
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$12.36
Costs to cover: 0.130%
Break-even: 12.1 days

Slippage unknown: edgeX: live order book, 23 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 edgeX live order book, 23 min ago	6.36 bp	10.9 bp −$11	22.7 bp −$227	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	−0.0482%	1h	315.13	+0.005%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.24	−0.276%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.84	−0.403%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0057%	1h	313.85	−0.401%	$5.5M	$20.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.53	−0.185%	$42K	$690K	20x	as long as short
Katana Perps TAO-USD	+0.0097%	8h	314.25	−0.274%	$997	$792K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.90	−0.385%	$90.4M	$492.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.05	−0.337%	$68.4M	$147.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.20	−0.290%	$25.8M	$119.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.00	−0.353%	$12.9M	$49.8M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	313.90	−0.385%	$109.7M	$143.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.00	−0.353%	$17.5M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.02	−0.347%	$35.1M	$56.1M	50x	as long as short
edgeX TAOUSDClong	+0.0100%	4h	315.11	long leg	$35K	$303K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	313.74	−0.437%	$522K	$944K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.01	−0.033%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.50	−0.195%	$89K	$791K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.46	−0.207%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.88	−0.391%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.11	−0.318%	$108K	$528K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.73	−0.439%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.01	−0.350%	$172K	$998	3x	as long as short
BingX TAO-USDT	+0.0116%	4h	314.21	−0.287%	—	$30.1M	—	as long as short
Orderly PERP_TAO_USDC	+0.0128%	4h	314.00	−0.353%	$56K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0150% / S +0.0123%	1h	313.90	−0.385%	$419K	—	100x	as long as short
Paradex TAO-USD-PERPshort	+0.0181%	8h	314.60	−0.164%	$14K	$1K	10x
Nado TAO-PERP	+0.0185%	1h	314.66	−0.143%	$797K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0190%	4h	314.32	−0.251%	$1.2M	$10.2M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0248%	1h	314.07	−0.332%	$13K	$1.7M	25x	as long as short
Hyperliquid TAO	+0.0254%	1h	314.13	−0.312%	$92.5M	$106.0M	5x	as long as short
Extended TAO-USD	+0.0264%	1h	313.94	−0.372%	$917K	$2.4M	25x	as long as short
01 Exchange TAOUSD	+0.0264%	1h	314.61	−0.160%	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.14	−0.309%	$4.5M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	314.82	−0.093%	$99K	$488K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0347%	1h	314.09	−0.325%	$315K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	314.59	−0.167%	$359K	$411K	10x	as long as short
Lighter TAO	+0.0408%	1h	314.22	−0.283%	$1.5M	$6.5M	5x	as long as short
Phoenix TAO	+0.0581%	1h	314.70	−0.131%	$313K	$697K	5x	as long as short
Variational Omni TAO	+0.0588%	4h	313.21	−0.604%	$5.7M	$9.9M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	314.59	−0.167%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	314.56	−0.175%	$436K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	313.64	−0.467%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.92	+1.525%	$23K	$2K	12x	as long as short