Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0101%/8h= +11.1% APRpaid last 24h −0.099%

Price spread now: Paradex against Kraken Futures−0.076%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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 0.076% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.076% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$8 on $10k: about 2.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TAOUSD	317.70	0.0247	pay 0.0031% / 1h	51m 07s	$5.6M	$20.5M	50x
Short	Paradex TAO-USD-PERP	317.46	0.0348	get 0.0348% / 8h	5h 51m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Kraken Futures. 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 Kraken FuturesbpFee ParadexbpOrdersPrice spread, now −0.076%Rate

Funding earned: $21.24
Price spread: −0.076% → 0.000%: −$7.6
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$0.36
Costs to cover: 0.140%
Break-even: 7.1 days

Slippage unknown: Kraken Futures: 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 Kraken Futures live order book, 3 min ago	5.99 bp	12.3 bp −$12	23.6 bp −$236	119.0 bp −$11.9K	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 42 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	−0.2257%	1h	317.17	−0.166%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.90	−0.251%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.22	−0.151%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.41	−0.090%	$45K	$645K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.69	−0.002%	$91.8M	$467.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.60	−0.030%	$26.2M	$115.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.40	−0.093%	$13.0M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.72	+0.007%	$105.1M	$137.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.72	+0.007%	$18.2M	$30.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.29	−0.128%	$35.4M	$53.5M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.85	+0.050%	$36K	$301K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.36	−0.106%	$80K	$737K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	317.63	−0.021%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.29	−0.128%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.80	+0.033%	$130K	$474K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.64	−0.018%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.86	+0.051%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	317.42	−0.087%	$1K	$738K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0164% / S +0.0104%	1h	317.19	−0.159%	$431K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0216%	4h	318.53	+0.262%	$530K	$946K	10x	as long as short
Kraken Futures PF_TAOUSDlong	+0.0247%	1h	317.70	long leg	$5.6M	$20.5M	50x
Aster TAOUSDT	+0.0307%	4h	317.53	−0.054%	$1.2M	$9.3M	50x	as long as short
Bullet TAO-USD	+0.0335%	1h	317.63	−0.021%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERPshort	+0.0348%	8h	317.46	−0.076%	$14K	$1K	10x
Pacifica TAO	+0.0448%	1h	317.46	−0.075%	$375K	$393K	10x	as long as short
ApeX Omni TAOUSDT	+0.0473%	1h	317.85	+0.048%	$48K	$253K	50x	as long as short
Phoenix TAO	+0.0504%	1h	317.80	+0.033%	$333K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	317.62	−0.024%	$100K	$489K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0534%	1h	317.60	−0.029%	$14K	$1.6M	25x	as long as short
Nado TAO-PERP	+0.0549%	1h	317.58	−0.038%	$765K	$2.1M	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	317.52	−0.056%	$365	—	20x	as long as short
BingX TAO-USDT	+0.0697%	4h	317.60	−0.030%	—	$30.3M	—	as long as short
Bybit TAOUSDT	+0.0731%	4h	317.81	+0.036%	$67.5M	$138.7M	50x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	317.79	+0.029%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0865%	4h	319.02	+0.417%	$6.0M	$9.6M	—	as long as short
Backpack TAO_USDC_PERP	+0.0909%	1h	317.67	−0.008%	$321K	$802K	10x	as long as short
Extended TAO-USD	+0.0936%	1h	317.53	−0.052%	$900K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	319.77	+0.653%	$1.5M	$6.5M	50x	as long as short
Lighter TAO	+0.1128%	1h	318.17	+0.148%	$1.6M	$6.1M	5x	as long as short
RISEx TAO/USDC	+0.1159%	1h	317.41	−0.089%	$449K	$626K	5x	as long as short
Hyperliquid TAO	+0.1442%	1h	317.97	+0.086%	$100.6M	$98.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	320.94	+1.021%	$23K	$2K	12x	as long as short