Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0159%/8h= +17.4% APRpaid last 24h +0.055%

Price spread now: Extended against Paradex+0.397%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 Extended

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 · Extended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Extended is 0.397% dearer against Paradex than usual: you sell high and buy low: +$40 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	312.21	0.0153	pay 0.0153% / 8h	3h 17m	$14K	$1K	10x
Short	Extended TAO-USD	313.45	0.0312	get 0.0039% / 1h	17m 55s	$914K	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now +0.397%Rate

Funding earned: $33.39
Price spread: +0.397% → 0.000%: $39.66
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $64.04
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Extended: 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 Extended live order book, 1 min ago	3.84 bp	8.1 bp −$8	9.8 bp −$98	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
Kraken Futures PF_TAOUSD	−0.0347%	1h	312.59	+0.121%	$5.5M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.30	+0.030%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0012%	1h	312.14	−0.023%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.21	+0.001%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	311.95	−0.083%	$639	$842K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.39	+0.057%	$356K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.58	+0.438%	$89.8M	$501.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.40	+0.382%	$26.1M	$121.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.90	+0.222%	$13.3M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.58	+0.439%	$102.8M	$145.4M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	313.51	+0.417%	$17.8M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.25	+0.334%	$35.2M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.62	+0.452%	—	$33.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.63	−0.186%	$41K	$314K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.55	−0.211%	$529K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.69	−0.166%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.32	+0.036%	$79K	$901K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.59	+0.122%	$11K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.51	+0.097%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.06	−0.047%	$110K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.77	+0.180%	$3.1M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.72	+0.165%	$172K	$998	3x	as long as short
Aster TAOUSDT	+0.0107%	4h	313.09	+0.282%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	312.45	+0.077%	$52K	$290K	10x	as long as short
Bybit TAOUSDT	+0.0131%	4h	313.73	+0.487%	$67.6M	$150.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0136% / S +0.0135%	1h	312.21	+0.002%	$414K	—	100x	as long as short
Paradex TAO-USD-PERPlong	+0.0153%	8h	312.21	long leg	$14K	$1K	10x
Arcus TAO-USD	+0.0231%	1h	312.50	+0.093%	$101K	$394K	5x	as long as short
Variational Omni TAO	+0.0308%	4h	311.97	−0.076%	$5.5M	$10.1M	—	as long as short
Extended TAO-USDshort	+0.0312%	1h	313.45	+0.397%	$914K	$2.4M	25x
Nado TAO-PERP	+0.0338%	1h	312.25	+0.013%	$788K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.69	+0.154%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	312.30	+0.029%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0471%	1h	313.42	+0.388%	$92.1M	$107.8M	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	312.48	+0.087%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0498%	1h	313.42	+0.388%	$311K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0553%	1h	312.63	+0.135%	$13K	$1.8M	25x	as long as short
Lighter TAO	+0.0600%	1h	312.91	+0.224%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.43	+0.070%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.26	+0.017%	$443K	$647K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	−0.412%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.08	−0.041%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+0.971%	$23K	$2K	12x	as long as short