Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.1% APRpaid last 24h +0.022%

Price spread now: Aster against Paradex+0.008%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 Aster

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 · Aster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	311.76	0.0141	pay 0.0141% / 8h	3h 46m	$14K	$1K	10x
Short	Aster TAOUSDT	311.79	0.0122	get 0.0061% / 4h	3h 46m	$1.2M	$10.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.008%Rate

Funding earned: −$4.12
Price spread: +0.008% → 0.000%: $0.81
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Aster: 4 bp × 2 orders: −$8
Net: −$15.31
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Aster: live order book, 2 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 Aster live order book, 2 min ago	0.96 bp	7.7 bp −$8	15.5 bp −$155	134.7 bp −$13.5K	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
Kraken Futures PF_TAOUSD	−0.0348%	1h	312.05	+0.093%	$5.5M	$20.6M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	311.76	0.000%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.84	+0.024%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.83	+0.022%	$45K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	311.75	−0.004%	$1K	$813K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.98	+0.070%	$356K	$413K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.88	+0.037%	$89.5M	$497.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.93	+0.054%	$67.3M	$149.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.80	+0.012%	$25.9M	$120.1M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.10	+1.071%	$167K	$2K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	311.70	−0.020%	$13.0M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.08	+0.102%	$101.1M	$144.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.95	+0.060%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.72	−0.014%	$34.9M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.87	+0.034%	—	$33.1M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.96	+0.062%	$41K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.93	+0.053%	$529K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.00	+0.076%	$46K	$253K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.80	+0.012%	$82K	$870K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.13	+0.118%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.99	+0.073%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.83	+0.022%	$109K	$536K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	311.99	+0.073%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.19	+0.136%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0116%	4h	311.78	+0.006%	$52K	$270K	10x	as long as short
Aster TAOUSDTshort	+0.0122%	4h	311.79	+0.008%	$1.2M	$10.4M	50x
Paradex TAO-USD-PERPlong	+0.0141%	8h	311.76	long leg	$14K	$1K	10x
GMX TAO/USD [WBTC.b-USDC]	L +0.0142% / S +0.0130%	1h	312.06	+0.095%	$416K	—	100x	as long as short
Hyperliquid TAO	+0.0179%	1h	312.17	+0.131%	$91.6M	$107.0M	5x	as long as short
Extended TAO-USD	+0.0184%	1h	311.61	−0.048%	$913K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.02	+0.083%	$101K	$391K	5x	as long as short
Nado TAO-PERP	+0.0253%	1h	311.93	+0.055%	$785K	$2.2M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0322%	1h	312.19	+0.137%	$21K	$1.7M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.18	+0.134%	$4.5M	$10.8M	100x	as long as short
Variational Omni TAO	+0.0346%	4h	312.61	+0.272%	$5.6M	$10.0M	—	as long as short
Backpack TAO_USDC_PERP	+0.0392%	1h	312.19	+0.137%	$310K	$911K	10x	as long as short
Lighter TAO	+0.0408%	1h	312.08	+0.103%	$1.5M	$6.4M	5x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	311.95	+0.060%	$3K	$4K	5x	as long as short
Phoenix TAO	+0.0457%	1h	312.50	+0.237%	$311K	$711K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.01	+0.080%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.78	+0.007%	$432K	$650K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.33	+0.182%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.38	+1.802%	$23K	$2K	12x	as long as short