Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0199%/8h= +21.8% APRpaid last 24h +0.011%

Price spread now: Paradex against Gate+0.357%7-day average — · you sell dearer than you buy

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

Long on Gate 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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and Paradex is 0.357% dearer against Gate than usual: you sell high and buy low: +$36 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	322.90	0.0100	pay 0.0050% / 4h	2h 04m	$14.2M	$52.2M	50x
Short	Paradex TAO-USD-PERP	324.05	0.0299	get 0.0299% / 8h	2h 04m	$15K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Gate. 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 GatebpFee ParadexbpOrdersPrice spread, now +0.357%Rate

Funding earned: $41.77
Price spread: +0.357% → 0.000%: $35.69
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Paradex: 2 bp × 2 orders: −$4
Net: $58.46
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	1.56 bp	17.3 bp −$17	27.4 bp −$274	56.3 bp −$5,628	94.8 bp −$47.4K
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	−0.1195%	1h	319.01	−1.204%	$169K	$333	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	323.31	+0.129%	$21K	—	150x	as long as short
dYdX TAO-USD	+0.0028%	1h	323.34	+0.137%	$129K	$85K	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.30	+0.124%	$26.9M	$128.6M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	322.90	long leg	$14.2M	$52.2M	50x
KuCoin TAOUSDTM	+0.0100%	4h	323.59	+0.214%	$17.8M	$31.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	323.40	+0.155%	$36.5M	$57.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	323.67	+0.238%	$81K	$968K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	323.21	+0.096%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	323.35	+0.139%	$118K	$566K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	323.11	+0.065%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	323.57	+0.207%	$2K	$959K	5x	as long as short
Popdex TAOUSDT	+0.0112%	1h	323.88	+0.303%	$42K	$686K	20x	as long as short
Aevo TAO-PERP	+0.0112%	1h	323.71	+0.252%	$178K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0119%	4h	323.57	+0.207%	$53K	$291K	10x	as long as short
edgeX TAOUSDC	+0.0123%	4h	321.43	−0.457%	$42K	$316K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0125% / S +0.0142%	1h	323.31	+0.126%	$435K	—	100x	as long as short
MEXC TAO_USDT	+0.0134%	4h	323.21	+0.096%	$103.4M	$149.1M	300x	as long as short
Binance TAOUSDT	+0.0144%	4h	323.36	+0.144%	$93.4M	$517.5M	75x	as long as short
Pacifica TAO	+0.0233%	1h	323.82	+0.286%	$368K	$421K	10x	as long as short
Nado TAO-PERP	+0.0288%	1h	323.67	+0.238%	$817K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0294%	1h	323.65	+0.232%	$6.1M	$21.6M	50x	as long as short
Paradex TAO-USD-PERPshort	+0.0299%	8h	324.05	+0.357%	$15K	$1K	10x
Aster TAOUSDT	+0.0300%	4h	323.50	+0.185%	$1.3M	$10.8M	50x	as long as short
Bullet TAO-USD	+0.0325%	1h	323.67	+0.238%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0375%	4h	322.90	0.000%	$4.6M	$11.2M	100x	as long as short
BingX TAO-USDT	+0.0394%	4h	323.14	+0.074%	—	$34.0M	—	as long as short
Bybit TAOUSDT	+0.0446%	4h	323.54	+0.198%	$70.9M	$154.5M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0468%	4h	322.01	−0.274%	$549K	$948K	10x	as long as short
Arcus TAO-USD	+0.0483%	1h	323.84	+0.291%	$111K	$377K	5x	as long as short
Extended TAO-USD	+0.0496%	1h	323.44	+0.167%	$920K	$2.4M	25x	as long as short
Phoenix TAO	+0.0513%	1h	323.50	+0.186%	$322K	$713K	5x	as long as short
Variational Omni TAO	+0.0516%	4h	323.58	+0.210%	$5.7M	$10.1M	—	as long as short
ApeX Omni TAOUSDT	+0.0529%	1h	321.20	−0.526%	$47K	$257K	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0586%	1h	323.60	+0.216%	$25K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	323.32	+0.130%	$372	—	20x	as long as short
Lighter TAO	+0.0808%	1h	323.70	+0.249%	$1.5M	$6.6M	5x	as long as short
Hyperliquid TAO	+0.0811%	1h	323.31	+0.127%	$95.4M	$109.5M	5x	as long as short
01 Exchange TAOUSD	+0.0816%	1h	324.52	+0.502%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0852%	1h	323.20	+0.093%	$320K	$894K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	324.00	+0.341%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	323.65	+0.232%	$465K	$650K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	323.62	+0.223%	$24K	$2K	12x	as long as short