Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 16:00 UTC+0.0125%/8h= +13.7% APRnext payment +$1.25 per $10,000 · paid last 24h +0.027%
Price spread now: Paradex against OKX+0.033%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 daysno 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 +$4 a day on $10k at the current rate, and Paradex is 0.033% dearer against OKX than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOKX TAO-USDT-SWAP322.900.0100pay 0.0100% / 8h6h 56m$27.0M$131.3M50x
ShortParadex TAO-USD-PERP323.010.0225get 0.0225% / 8h6h 56m$15K$87610x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against OKX. 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

Funding earned
$26.28
Price spread: +0.033% → 0.000%
$3.28
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
$15.56
Costs to cover
0.140%
Break-even
2.9 days
Slippage unknown: OKX: live order book, 2 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
LegHalf-spread$10k$100k$1M$5M
Buy OKX live order book, 2 min ago1.55 bp11.0 bp −$1119.5 bp −$19563.3 bp −$6,326doesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.0985%1h321.65−0.387%$171K$010xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0003%1h324.21+0.405%$20K150xas long as short
Bybit TAOUSDT+0.0100%4h323.01+0.034%$71.0M$155.2M50xas long as short
OKX TAO-USDT-SWAPlong+0.0100%8h322.90long leg$27.0M$131.3M50x
Gate TAO_USDT+0.0100%4h322.50−0.124%$15.4M$47.9M50xas long as short
KuCoin TAOUSDTM+0.0100%4h322.76−0.043%$17.6M$32.2M75xas long as short
Bitget TAOUSDT+0.0100%4h322.56−0.105%$36.4M$56.7M50xas long as short
Polymarket Perps TAO-USD+0.0100%1h322.94+0.012%$89K$1.1M5xas long as short
SunX TAO-USDT+0.0100%4h322.84−0.019%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h323.04+0.043%$118K$554K20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex TAOUSDT+0.0100%4h322.86−0.012%$3.2M$8.1M50xas long as short
Katana Perps TAO-USD+0.0115%8h322.67−0.071%$1K$1.2M5xas long as short
Aevo TAO-PERP+0.0120%1h323.17+0.085%$177K$9983xas long as short
MEXC TAO_USDT+0.0154%4h323.03+0.040%$107.1M$149.1M300xas long as short
Binance TAOUSDT+0.0156%4h322.84−0.019%$95.0M$519.7M75xas long as short
BingX TAO-USDT+0.0158%4h322.94+0.012%$39.0Mas long as short
edgeX TAOUSDC+0.0158%4h323.48+0.179%$43K$321K10xas long as short
Paradex TAO-USD-PERPshort+0.0225%8h323.01+0.033%$15K$87610x
Orderly PERP_TAO_USDC+0.0247%4h323.26+0.111%$54K$274K10xas long as short
Popdex TAOUSDT+0.0256%1h322.85−0.015%$50K$703K20xas long as short
Extended TAO-USD+0.0288%1h322.84−0.018%$973K$2.2M25xas long as short
Pacifica TAO+0.0301%1h322.98+0.026%$376K$439K10xas long as short
GRVT TAO_USDT_Perp+0.0304%4h323.87+0.299%$550K$826K10xas long as short
Aster TAOUSDT+0.0320%4h322.94+0.012%$1.3M$11.2M50xas long as short
Arcus TAO-USD+0.0364%1h323.20+0.093%$102K$329K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0369% / S −0.0109%1h323.08+0.055%$383K100xas long as short
ApeX Omni TAOUSDT+0.0392%1h323.88+0.303%$46K$256K50xas long as short
BloFin TAO-USDT+0.0396%4h323.31+0.127%$4.9M$11.0M100xas long as short
Lighter TAO+0.0456%1h323.05+0.046%$1.6M$6.6M5xas long as short
Nado TAO-PERP+0.0515%1h322.94+0.014%$740K$2.0M10xas long as short
Variational Omni TAO+0.0522%4h323.77+0.268%$5.7M$9.8Mas long as short
Phoenix TAO+0.0578%1h323.80+0.279%$326K$712K5xas long as short
Bullet TAO-USD+0.0583%1h323.01+0.035%$13K$17K20xas long as short
Kraken Futures PF_TAOUSD+0.0672%1h323.45+0.170%$6.3M$20.9M50xas long as short
Reya TAORUSDPERP+0.0699%1h322.85−0.015%$37120xas long as short
RISEx TAO/USDC+0.0701%1h322.74−0.050%$446K$714K5xas long as short
01 Exchange TAOUSD+0.0776%1h323.28+0.118%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0796%1h323.22+0.099%$301K$1.1M10xas long as short
Coinbase International TAO-PERP-INTX+0.0832%1h322.51−0.121%$1.1M$7.5M50xas long as short
Deribit TAO_USDC-PERPETUAL+0.0865%1h323.31+0.125%$20K$1.9M25xas long as short
dYdX TAO-USD+0.1078%1h321.77−0.350%$271K$232K5xas long as short
Hyperliquid TAO+0.1244%1h323.26+0.111%$97.7M$110.1M5xas long as short
Injective TAO/USDC PERP+0.3320%1h327.96+1.567%$24K$2K12xas long as short