Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0197%/8h= −21.6% APRpaid last 24h −0.029%

Price spread now: Bitget against Paradex−0.035%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 Bitget

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 against this trade now: funding costs −$6 a day on $10k at the current rate, and Bitget is 0.035% cheaper against Paradex than usual: you would sell low and buy high (−$4 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	Paradex TAO-USD-PERP	313.37	0.0297	pay 0.0297% / 8h	4h 47m	$14K	$769	10x
Short	Bitget TAOUSDT	313.26	0.0100	get 0.0050% / 4h	47m 04s	$35.4M	$54.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$41.34
Price spread: −0.035% → 0.000%: −$3.54
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$60.88
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Bitget: live order book, 5 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 Bitget live order book, 5 min ago	2.40 bp	13.1 bp −$13	19.5 bp −$195	26.4 bp −$2,641	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 exchanges

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.29	−0.025%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.41	+0.013%	$54K	$633K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.40	+0.009%	$26.8M	$125.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.10	−0.086%	$16.1M	$46.5M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.59	+0.070%	$17.3M	$31.0M	75x	as long as short
Bitget TAOUSDTshort	+0.0100%	4h	313.26	−0.035%	$35.4M	$54.3M	50x
ApeX Omni TAOUSDT	+0.0100%	1h	312.45	−0.294%	$44K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.39	+0.006%	$68K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.29	−0.026%	$1K	$1.7M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.61	−0.243%	$114K	$550K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0102%	8h	313.04	−0.106%	$2K	$1.3M	5x	as long as short
Extended TAO-USD	+0.0104%	1h	313.27	−0.033%	$922K	$2.1M	25x	as long as short
Aevo TAO-PERP	+0.0120%	1h	314.97	+0.511%	$173K	$998	3x	as long as short
edgeX TAOUSDC	+0.0167%	4h	312.45	−0.294%	$41K	$325K	10x	as long as short
MEXC TAO_USDT	+0.0168%	4h	313.55	+0.057%	$111.8M	$147.1M	300x	as long as short
Binance TAOUSDT	+0.0168%	4h	313.43	+0.019%	$93.0M	$507.1M	75x	as long as short
Pacifica TAO	+0.0223%	1h	313.12	−0.079%	$380K	$455K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0276%	4h	312.91	−0.147%	$532K	$749K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0278%	4h	313.56	+0.060%	$52K	$262K	10x	as long as short
Bullet TAO-USD	+0.0290%	1h	313.86	+0.156%	$12K	$16K	20x	as long as short
Paradex TAO-USD-PERPlong	+0.0297%	8h	313.37	long leg	$14K	$769	10x
Lighter TAO	+0.0344%	1h	313.69	+0.101%	$1.6M	$6.7M	5x	as long as short
Aster TAOUSDT	+0.0356%	4h	313.54	+0.054%	$1.2M	$11.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0372% / S −0.0114%	1h	313.27	−0.034%	$377K	—	100x	as long as short
BingX TAO-USDT	+0.0388%	4h	313.39	+0.006%	—	$37.8M	—	as long as short
Bybit TAOUSDT	+0.0398%	4h	313.45	+0.025%	$69.4M	$154.5M	50x	as long as short
BloFin TAO-USDT	+0.0408%	4h	313.80	+0.137%	$4.9M	$10.5M	100x	as long as short
dYdX TAO-USD	+0.0422%	1h	312.77	−0.191%	$264K	$230K	5x	as long as short
Phemex TAOUSDT	+0.0457%	4h	313.53	+0.051%	$3.1M	$8.3M	50x	as long as short
Nado TAO-PERP	+0.0482%	1h	313.40	+0.009%	$652K	$2.0M	10x	as long as short
Hyperliquid TAO	+0.0534%	1h	313.55	+0.057%	$93.6M	$105.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0549%	1h	313.61	+0.075%	$22K	$1.9M	25x	as long as short
Arcus TAO-USD	+0.0587%	1h	313.49	+0.038%	$99K	$285K	5x	as long as short
Variational Omni TAO	+0.0603%	4h	312.01	−0.434%	$6.2M	$10.1M	—	as long as short
Phoenix TAO	+0.0636%	1h	312.80	−0.182%	$314K	$701K	5x	as long as short
RISEx TAO/USDC	+0.0694%	1h	313.31	−0.020%	$436K	$664K	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	313.60	+0.074%	$361	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0728%	1h	313.68	+0.099%	$1.1M	$7.4M	50x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	313.68	+0.099%	$3K	$2K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0862%	1h	313.55	+0.056%	$6.2M	$19.6M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0865%	1h	313.47	+0.032%	$298K	$1.1M	10x	as long as short
Bulk TAO-USD	+0.1436%	1h	313.89	+0.166%	$166K	$662	10x	as long as short
Injective TAO/USDC PERP	+0.4136%	1h	317.23	+1.232%	$23K	$2K	12x	as long as short