Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0185%/8h= +20.2% APRpaid last 24h +0.011%

Price spread now: Paradex against MEXC−0.121%46s7-day average — · you buy dearer than you sell

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

Long on MEXC 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 0.121% cheaper against MEXC than usual: you would sell low and buy high (spread −0.121% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 2.2 days of funding at the current rate (+$6 a day). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	309.19	0.0100	pay 0.0050% / 4h	2h 34m	$104.2M	$137.9M	300x
Short	Paradex TAO-USD-PERP	308.82	0.0285	get 0.0285% / 8h	6h 34m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against MEXC. 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 MEXCbpFee ParadexbpOrdersPrice spread, now −0.121%Rate

Funding earned: $38.79
Price spread: −0.121% → 0.000%: −$12.11
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: $22.68
Costs to cover: 0.040%
Break-even: 2.9 days

Slippage unknown: MEXC: live order book, 4 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 MEXC live order book, 4 min ago	0.49 bp	1.4 bp −$1	8.1 bp −$81	44.4 bp −$4,441	164.4 bp −$82.2K
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
dYdX TAO-USD	0.0000%	1h	308.44	−0.242%	$123K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	308.33	−0.279%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.64	−0.178%	$37K	$622K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	309.21	+0.006%	$88.8M	$461.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	309.30	+0.036%	$25.3M	$109.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	309.00	−0.061%	$12.6M	$49.8M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	309.19	long leg	$104.2M	$137.9M	300x
KuCoin TAOUSDTM	+0.0100%	4h	309.38	+0.061%	$17.9M	$30.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	309.07	−0.039%	$34.5M	$53.1M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	308.03	−0.374%	$34K	$299K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	308.55	−0.206%	$508K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.00	−0.061%	$46K	$269K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.60	−0.191%	$56K	$283K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.42	−0.249%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.52	−0.217%	$126K	$471K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.83	−0.117%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0124%	8h	308.87	−0.103%	$692	$682K	5x	as long as short
Polymarket Perps TAO-USD	+0.0163%	1h	308.60	−0.191%	$78K	$655K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0092%	1h	308.27	−0.296%	$429K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0171%	1h	308.46	−0.236%	$5.5M	$20.4M	50x	as long as short
Aster TAOUSDT	+0.0181%	4h	309.18	−0.003%	$1.3M	$9.2M	50x	as long as short
Bullet TAO-USD	+0.0213%	1h	308.75	−0.143%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERPshort	+0.0285%	8h	308.82	−0.121%	$14K	$1K	10x
Pacifica TAO	+0.0285%	1h	308.87	−0.103%	$365K	$381K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	309.00	−0.061%	$97K	$562K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.16	+0.637%	$4.4M	$10.7M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0418%	1h	308.50	−0.222%	$10K	$1.5M	25x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	312.28	+0.999%	$23K	$2K	12x	as long as short
Phemex TAOUSDT	+0.0470%	4h	308.65	−0.175%	$3.3M	$8.0M	50x	as long as short
Nado TAO-PERP	+0.0567%	1h	308.74	−0.146%	$752K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	308.60	−0.191%	$323K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0624%	1h	308.97	−0.071%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	308.49	−0.226%	$355	—	20x	as long as short
BingX TAO-USDT	+0.0704%	4h	309.25	+0.019%	—	$31.0M	—	as long as short
Variational Omni TAO	+0.0748%	4h	309.04	−0.049%	$5.3M	$8.9M	—	as long as short
Bybit TAOUSDT	+0.0756%	4h	309.44	+0.081%	$63.7M	$136.3M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0837%	1h	309.67	+0.155%	$313K	$814K	10x	as long as short
Extended TAO-USD	+0.0920%	1h	309.07	−0.040%	$885K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	309.46	+0.087%	$1.4M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	308.70	−0.158%	$441K	$621K	5x	as long as short
Hyperliquid TAO	+0.1217%	1h	309.79	+0.194%	$97.5M	$93.5M	5x	as long as short
Lighter TAO	+0.1312%	1h	308.87	−0.103%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.4286%	1h	309.11	−0.027%	$164K	$40K	10x	as long as short