Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0253%/8h= +27.7% APRpaid last 24h −0.011%

Price spread now: BingX against Paradex−0.203%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on BingX

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. BingX is 0.203% cheaper against Paradex than usual: you would sell low and buy high (spread −0.203% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 2.7 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	323.30	0.0305	pay 0.0305% / 8h	5h 27m	$15K	$1K	10x
Short	BingX TAO-USDT	322.64	0.0558	get 0.0279% / 4h	1h 27m	—	$30.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.203%Rate

Funding earned: $53.15
Price spread: −0.203% → 0.000%: −$20.28
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BingX: 5 bp × 2 orders: −$10
Net: $18.87
Costs to cover: 0.140%
Break-even: 4.5 days

Slippage unknown: Paradex: no order-book sample; BingX: live order book, 1 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 BingX live order book, 1 min ago	1.08 bp	7.3 bp −$7	12.2 bp −$122	22.6 bp −$2,264	60.7 bp −$30.4K

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	−0.5583%	1h	316.49	−2.105%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	323.14	−0.048%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	322.43	−0.268%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.93	−0.113%	$34K	$676K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	322.96	−0.104%	$94.4M	$479.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.40	+0.032%	$26.6M	$119.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	322.50	−0.246%	$13.2M	$49.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	322.94	−0.110%	$100.3M	$141.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	322.86	−0.135%	$18.1M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.55	−0.231%	$36.1M	$54.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	323.11	−0.059%	$36K	$301K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.77	−0.163%	$87K	$792K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	322.61	−0.212%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	322.86	−0.135%	$131K	$482K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.00	−0.091%	$3.5M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	322.96	−0.103%	$177K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	322.75	−0.169%	$58K	$282K	10x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	323.16	−0.042%	$687	$776K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0160% / S +0.0126%	1h	322.37	−0.287%	$447K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0243%	1h	322.76	−0.167%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0254%	4h	323.03	−0.082%	$536K	$964K	10x	as long as short
Bullet TAO-USD	+0.0276%	1h	322.80	−0.153%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERPlong	+0.0305%	8h	323.30	long leg	$15K	$1K	10x
BloFin TAO-USDT	+0.0340%	4h	323.71	+0.128%	$4.6M	$11.4M	100x	as long as short
Aster TAOUSDT	+0.0371%	4h	323.03	−0.082%	$1.1M	$9.6M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0429%	1h	322.73	−0.174%	$21K	$1.6M	25x	as long as short
Pacifica TAO	+0.0448%	1h	323.55	+0.079%	$383K	$402K	10x	as long as short
Phoenix TAO	+0.0504%	1h	324.30	+0.311%	$339K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	323.33	+0.011%	$101K	$487K	5x	as long as short
BingX TAO-USDTshort	+0.0558%	4h	322.64	−0.203%	—	$30.3M	—
Bybit TAOUSDT	+0.0563%	4h	323.13	−0.051%	$70.8M	$143.7M	50x	as long as short
Nado TAO-PERP	+0.0572%	1h	322.89	−0.125%	$791K	$2.2M	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	322.79	−0.156%	$371	—	20x	as long as short
ApeX Omni TAOUSDT	+0.0723%	1h	323.82	+0.162%	$48K	$253K	50x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	323.51	+0.066%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0840%	1h	322.76	−0.166%	$949K	$2.3M	25x	as long as short
Variational Omni TAO	+0.0868%	4h	323.85	+0.171%	$6.0M	$9.8M	—	as long as short
Lighter TAO	+0.0912%	1h	323.21	−0.026%	$1.6M	$6.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	324.38	+0.335%	$1.5M	$6.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1062%	1h	323.84	+0.168%	$445K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	323.15	−0.043%	$468K	$647K	5x	as long as short
Hyperliquid TAO	+0.1260%	1h	323.18	−0.036%	$101.7M	$99.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	+0.023%	$24K	$2K	12x	as long as short