Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0195%/8h= −21.4% APRpaid last 24h −0.011%

Price spread now: Gate against Paradex+0.601%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 Gate

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 pays, funding is against you. Gate is 0.601% dearer against Paradex than usual: you sell high and buy low (spread +0.601% now, against zero (this spread has no 7-day history yet)): +$60 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	322.06	0.0295	pay 0.0295% / 8h	2h 05m	$15K	$1K	10x
Short	Gate TAO_USDT	324.00	0.0100	get 0.0050% / 4h	2h 05m	$14.2M	$51.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.601%Rate

Funding earned: −$41.05
Price spread: +0.601% → 0.000%: $60.12
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $0.07
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago	1.56 bp	15.3 bp −$15	36.0 bp −$360	68.5 bp −$6,845	114.2 bp −$57.1K

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	−0.1195%	1h	319.01	−0.947%	$169K	$333	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	323.12	+0.328%	$21K	—	150x	as long as short
dYdX TAO-USD	+0.0029%	1h	321.54	−0.162%	$128K	$85K	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	324.40	+0.725%	$27.0M	$128.7M	50x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	324.00	+0.601%	$14.2M	$51.9M	50x
KuCoin TAOUSDTM	+0.0100%	4h	323.33	+0.393%	$17.8M	$31.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	324.17	+0.654%	$36.6M	$57.6M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.32	+0.080%	$79K	$958K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	322.27	+0.064%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	323.55	+0.461%	$118K	$565K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	323.94	+0.583%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	321.98	−0.026%	$659	$952K	5x	as long as short
edgeX TAOUSDC	+0.0110%	4h	319.26	−0.871%	$42K	$315K	10x	as long as short
Aevo TAO-PERP	+0.0112%	1h	323.55	+0.462%	$178K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0119%	4h	323.57	+0.468%	$53K	$291K	10x	as long as short
Popdex TAOUSDT	+0.0120%	1h	322.18	+0.036%	$49K	$679K	20x	as long as short
MEXC TAO_USDT	+0.0124%	4h	324.41	+0.729%	$103.9M	$148.9M	300x	as long as short
Binance TAOUSDT	+0.0124%	4h	324.44	+0.737%	$93.8M	$516.3M	75x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0126% / S +0.0142%	1h	322.79	+0.227%	$432K	—	100x	as long as short
Pacifica TAO	+0.0233%	1h	322.02	−0.014%	$366K	$421K	10x	as long as short
Aster TAOUSDT	+0.0283%	4h	324.20	+0.663%	$1.3M	$10.8M	50x	as long as short
Nado TAO-PERP	+0.0291%	1h	322.50	+0.136%	$816K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0294%	1h	323.62	+0.483%	$6.1M	$21.6M	50x	as long as short
Paradex TAO-USD-PERPlong	+0.0295%	8h	322.06	long leg	$15K	$1K	10x
Bullet TAO-USD	+0.0325%	1h	322.65	+0.182%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0364%	4h	321.98	−0.026%	$4.6M	$11.1M	100x	as long as short
BingX TAO-USDT	+0.0394%	4h	324.26	+0.682%	—	$33.9M	—	as long as short
GRVT TAO_USDT_Perp	+0.0440%	4h	319.60	−0.766%	$545K	$948K	10x	as long as short
Bybit TAOUSDT	+0.0460%	4h	324.61	+0.791%	$71.2M	$154.1M	50x	as long as short
Arcus TAO-USD	+0.0483%	1h	322.26	+0.061%	$110K	$364K	5x	as long as short
Variational Omni TAO	+0.0485%	4h	319.46	−0.809%	$5.6M	$10.1M	—	as long as short
ApeX Omni TAOUSDT	+0.0487%	1h	319.47	−0.805%	$47K	$257K	50x	as long as short
Extended TAO-USD	+0.0504%	1h	324.34	+0.706%	$920K	$2.4M	25x	as long as short
Phoenix TAO	+0.0513%	1h	320.60	−0.454%	$319K	$713K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	322.47	+0.128%	$371	—	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0709%	1h	323.61	+0.479%	$14K	$1.8M	25x	as long as short
Lighter TAO	+0.0808%	1h	324.47	+0.746%	$1.5M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0808%	1h	322.75	+0.213%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0825%	1h	324.59	+0.784%	$95.6M	$109.4M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0847%	1h	324.63	+0.797%	$322K	$894K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	324.00	+0.601%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	322.05	−0.004%	$463K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	323.62	+0.483%	$24K	$2K	12x	as long as short