Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0244%/8h= +26.8% APRpaid last 24h +0.009%

Price spread now: Arcus against Paradex+0.077%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Arcus

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 +$7 a day on $10k at the current rate, and Arcus is 0.077% dearer against Paradex than usual: you sell high and buy low: +$8 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	Paradex TAO-USD-PERP	317.58	0.0229	pay 0.0229% / 8h	58m 17s	$14K	$1K	10x
Short	Arcus TAO-USD	317.83	0.0473	get 0.0059% / 1h	58m 17s	$102K	$389K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Paradex. 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 ParadexbpFee ArcusbpOrdersPrice spread, now +0.077%Rate

Funding earned: $51.34
Price spread: +0.077% → 0.000%: $7.72
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $50.55
Costs to cover: 0.085%
Break-even: 0.1 days

Slippage unknown: Paradex: no order-book sample; Arcus: live order book, 45 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Arcus live order book, 45 min ago	3.28 bp	14.8 bp −$15	28.2 bp −$282	doesn't fit	doesn't fit

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	317.27	−0.100%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.22	−0.116%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.63	+0.014%	$43K	$706K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.30	−0.090%	$26.5M	$129.6M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.85	+0.083%	$169K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.30	−0.090%	$14.3M	$50.8M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.45	−0.042%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.13	−0.143%	$35.6M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.02	−0.178%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.39	−0.061%	$84K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	317.13	−0.143%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.29	−0.093%	$116K	$602K	20x	as long as short
Katana Perps TAO-USD	+0.0107%	8h	317.42	−0.052%	$2K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0111% / S +0.0155%	1h	317.22	−0.113%	$424K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	317.60	+0.005%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0134%	4h	317.33	−0.080%	$53K	$293K	10x	as long as short
MEXC TAO_USDT	+0.0170%	4h	317.47	−0.036%	$107.4M	$150.3M	300x	as long as short
Binance TAOUSDT	+0.0171%	4h	317.50	−0.027%	$92.1M	$528.9M	75x	as long as short
edgeX TAOUSDC	+0.0178%	4h	317.16	−0.133%	$42K	$319K	10x	as long as short
Bullet TAO-USD	+0.0189%	1h	317.60	+0.005%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERPlong	+0.0229%	8h	317.58	long leg	$14K	$1K	10x
Bybit TAOUSDT	+0.0242%	4h	317.65	+0.020%	$69.6M	$156.1M	50x	as long as short
BingX TAO-USDT	+0.0256%	4h	317.53	−0.017%	—	$36.7M	—	as long as short
Pacifica TAO	+0.0313%	1h	317.54	−0.013%	$361K	$427K	10x	as long as short
Extended TAO-USD	+0.0328%	1h	317.27	−0.098%	$904K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0328%	4h	317.36	−0.072%	$541K	$926K	10x	as long as short
Aster TAOUSDT	+0.0330%	4h	317.52	−0.021%	$1.3M	$11.0M	50x	as long as short
BloFin TAO-USDT	+0.0411%	4h	317.50	−0.027%	$4.7M	$10.9M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0458%	1h	317.34	−0.076%	$15K	$2.0M	25x	as long as short
Nado TAO-PERP	+0.0472%	1h	317.62	+0.010%	$787K	$2.0M	10x	as long as short
Arcus TAO-USDshort	+0.0473%	1h	317.83	+0.077%	$102K	$389K	5x
Lighter TAO	+0.0496%	1h	317.80	+0.069%	$1.6M	$6.8M	5x	as long as short
Hyperliquid TAO	+0.0502%	1h	317.71	+0.038%	$94.0M	$110.1M	5x	as long as short
Variational Omni TAO	+0.0502%	4h	317.43	−0.049%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	317.40	−0.058%	$316K	$701K	5x	as long as short
Phemex TAOUSDT	+0.0632%	4h	317.70	+0.036%	$3.2M	$8.2M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0648%	1h	317.58	−0.002%	$296K	$905K	10x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	317.96	+0.118%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.39	−0.062%	$365	—	20x	as long as short
RISEx TAO/USDC	+0.0831%	1h	317.55	−0.012%	$438K	$677K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0835%	1h	317.48	−0.034%	$5.9M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.45	+0.272%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	323.52	+1.869%	$24K	$2K	12x	as long as short