Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0099%/8h= +10.8% APRpaid last 24h +0.061%

Price spread now: BloFin against Paradex−0.001%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 BloFin

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 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	314.18	0.0241	pay 0.0241% / 8h	2h 44m	$14K	$1K	10x
Short	BloFin TAO-USDT	314.18	0.0340	get 0.0170% / 4h	2h 44m	$4.5M	$10.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.001%Rate

Funding earned: $20.72
Price spread: −0.001% → 0.000%: −$0.1
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: $4.62
Costs to cover: 0.160%
Break-even: 5.4 days

Slippage unknown: Paradex: no order-book sample; BloFin: live order book, 4 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 BloFin live order book, 4 min ago	1.43 bp	13.2 bp −$13	20.9 bp −$209	36.0 bp −$3,595	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	313.73	−0.144%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.95	−0.074%	$22K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	314.14	−0.014%	$1K	$890K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.41	+0.071%	$89.9M	$505.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.40	+0.069%	$26.2M	$122.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.00	−0.058%	$13.7M	$50.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.19	+0.002%	$105.9M	$144.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.94	−0.077%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.11	−0.023%	$35.4M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.67	−0.162%	$41K	$315K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	314.05	−0.042%	$81K	$910K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.02	−0.052%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.30	−0.281%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.49	+0.096%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	314.29	+0.034%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0132% / S +0.0137%	1h	313.96	−0.072%	$420K	—	100x	as long as short
Bulk TAO-USD	+0.0138%	1h	312.42	−0.560%	$166K	$333	10x	as long as short
Aster TAOUSDT	+0.0166%	4h	314.34	+0.050%	$1.3M	$10.5M	50x	as long as short
Pacifica TAO	+0.0233%	1h	314.39	+0.065%	$358K	$419K	10x	as long as short
Paradex TAO-USD-PERPlong	+0.0241%	8h	314.18	long leg	$14K	$1K	10x
Phemex TAOUSDT	+0.0251%	4h	313.86	−0.103%	$3.2M	$7.9M	50x	as long as short
Nado TAO-PERP	+0.0260%	1h	314.07	−0.035%	$781K	$2.2M	10x	as long as short
Popdex TAOUSDT	+0.0264%	1h	314.20	+0.005%	$49K	$662K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0286%	4h	313.59	−0.188%	$533K	$942K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.45	+0.084%	$5.7M	$21.2M	50x	as long as short
ApeX Omni TAOUSDT	+0.0317%	1h	313.78	−0.128%	$44K	$256K	50x	as long as short
Bullet TAO-USD	+0.0331%	1h	314.33	+0.047%	$12K	$17K	20x	as long as short
BloFin TAO-USDTshort	+0.0340%	4h	314.18	−0.001%	$4.5M	$10.9M	100x
BingX TAO-USDT	+0.0384%	4h	314.27	+0.028%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0390%	4h	313.71	−0.151%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0416%	1h	314.32	+0.043%	$903K	$2.4M	25x	as long as short
Bybit TAOUSDT	+0.0423%	4h	314.42	+0.075%	$68.2M	$151.4M	50x	as long as short
Arcus TAO-USD	+0.0483%	1h	314.36	+0.056%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	314.00	−0.058%	$312K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0529%	1h	314.34	+0.049%	$11K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.22	+0.012%	$361	—	20x	as long as short
Hyperliquid TAO	+0.0751%	1h	314.41	+0.072%	$92.0M	$108.6M	5x	as long as short
01 Exchange TAOUSD	+0.0808%	1h	314.46	+0.088%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0810%	1h	314.28	+0.031%	$310K	$886K	10x	as long as short
Lighter TAO	+0.0880%	1h	314.53	+0.111%	$1.5M	$6.5M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	315.00	+0.260%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	314.08	−0.031%	$453K	$651K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	316.07	+0.601%	$23K	$2K	12x	as long as short