Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0178%/8h= −19.5% APRpaid last 24h +0.003%

Price spread now: Paradex against Pacifica−0.072%7-day average — · you buy dearer than you sell

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

Long on Pacifica 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 airdropPacifica: Active · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Paradex is 0.072% cheaper against Pacifica than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TAO	316.12	0.0365	pay 0.0046% / 1h	39m 23s	$361K	$411K	10x
Short	Paradex TAO-USD-PERP	315.90	0.0186	get 0.0186% / 8h	4h 39m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Pacifica. 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 PacificabpFee ParadexbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$37.48
Price spread: −0.072% → 0.000%: −$7.17
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$56.65
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 19 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 Pacifica live order book, 19 min ago	3.49 bp	8.9 bp −$9	doesn't fit	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	−0.315%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.72	−0.128%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.93	−0.378%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	316.76	+0.202%	$5.6M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.97	−0.049%	$42K	$686K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.06	−0.338%	$90.8M	$490.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.80	−0.419%	$26.0M	$119.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.90	−0.387%	$12.9M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.32	−0.255%	$105.8M	$142.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.78	−0.109%	$17.5M	$31.6M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	315.34	−0.248%	$35.2M	$55.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.41	−0.225%	$35K	$302K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.94	−0.375%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.73	−0.125%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.25	−0.278%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.92	+0.252%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.05	+0.293%	$110K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.66	+0.169%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	315.58	−0.172%	$1K	$787K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0104%	4h	316.85	+0.230%	$528K	$944K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.07	+0.300%	$174K	$998	3x	as long as short
Bybit TAOUSDT	+0.0116%	4h	315.11	−0.321%	$68.5M	$146.8M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0127%	4h	314.81	−0.416%	$57K	$275K	10x	as long as short
BingX TAO-USDT	+0.0146%	4h	315.18	−0.299%	—	$30.1M	—	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0151% / S +0.0122%	1h	314.96	−0.368%	$421K	—	100x	as long as short
Nado TAO-PERP	+0.0183%	1h	315.72	−0.127%	$805K	$2.2M	10x	as long as short
Paradex TAO-USD-PERPshort	+0.0186%	8h	315.90	−0.072%	$14K	$1K	10x
Aster TAOUSDT	+0.0224%	4h	315.88	−0.077%	$1.2M	$10.2M	50x	as long as short
01 Exchange TAOUSD	+0.0248%	1h	316.01	−0.036%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0275%	1h	316.04	−0.027%	$93.6M	$105.6M	5x	as long as short
Extended TAO-USD	+0.0296%	1h	315.82	−0.097%	$927K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.00	−0.040%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	316.21	+0.027%	$100K	$488K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0354%	1h	316.87	+0.236%	$317K	$913K	10x	as long as short
Pacifica TAOlong	+0.0365%	1h	316.12	long leg	$361K	$411K	10x
Lighter TAO	+0.0400%	1h	316.38	+0.082%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0485%	1h	317.07	+0.299%	$11K	$1.6M	25x	as long as short
Phoenix TAO	+0.0581%	1h	317.30	+0.372%	$316K	$697K	5x	as long as short
Variational Omni TAO	+0.0615%	4h	315.95	−0.056%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.44	−0.217%	$363	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.96	−0.052%	$438K	$659K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	318.13	+0.634%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.61	+1.102%	$23K	$2K	12x	as long as short