Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.009%

Price spread now: Polymarket Perps against Paradex+0.019%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 Polymarket Perps

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	308.02	0.0276	pay 0.0276% / 8h	6h 38m	$14K	$1K	10x
Short	Polymarket Perps TAO-USD	308.08	0.0191	get 0.0024% / 1h	38m 03s	$76K	$644K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.019%Rate

Funding earned: −$17.77
Price spread: +0.019% → 0.000%: $1.93
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$27.84
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Polymarket Perps: live order book, 30 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 Polymarket Perps live order book, 30 min ago	2.84 bp	8.7 bp −$9	9.5 bp −$95	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
dYdX TAO-USD	0.0000%	1h	307.84	−0.059%	$123K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	307.53	−0.160%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.89	−0.042%	$36K	$620K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	308.15	+0.041%	$88.5M	$461.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.50	+0.156%	$25.2M	$108.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.40	−0.201%	$12.5M	$49.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.70	−0.104%	$103.6M	$137.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	307.62	−0.130%	$17.9M	$30.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.80	−0.072%	$34.3M	$53.2M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.15	+0.365%	$34K	$298K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	308.37	+0.112%	$508K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.11	+0.354%	$46K	$268K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.69	−0.107%	$56K	$283K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.56	−0.150%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.57	−0.146%	$126K	$471K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.89	−0.044%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0115%	8h	308.20	+0.058%	$2K	$682K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0170% / S +0.0093%	1h	307.44	−0.188%	$426K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0172%	1h	307.27	−0.243%	$5.5M	$20.4M	50x	as long as short
Aster TAOUSDT	+0.0175%	4h	307.65	−0.119%	$1.2M	$9.2M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0177%	1h	307.44	−0.189%	$10K	$1.6M	25x	as long as short
Polymarket Perps TAO-USDshort	+0.0191%	1h	308.08	+0.019%	$76K	$644K	5x
Bullet TAO-USD	+0.0215%	1h	307.81	−0.067%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERPlong	+0.0276%	8h	308.02	long leg	$14K	$1K	10x
Pacifica TAO	+0.0285%	1h	308.26	+0.078%	$364K	$381K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	308.18	+0.052%	$81K	$547K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.16	+1.019%	$4.4M	$10.7M	100x	as long as short
Phemex TAOUSDT	+0.0453%	4h	307.44	−0.189%	$3.3M	$8.0M	50x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	315.63	+2.470%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0578%	1h	308.25	+0.074%	$751K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	308.80	+0.253%	$323K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0624%	1h	308.10	+0.026%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	308.28	+0.084%	$355	—	20x	as long as short
BingX TAO-USDT	+0.0723%	4h	308.05	+0.010%	—	$31.0M	—	as long as short
Variational Omni TAO	+0.0734%	4h	308.15	+0.041%	$5.3M	$8.9M	—	as long as short
Bybit TAOUSDT	+0.0736%	4h	308.67	+0.211%	$63.4M	$136.2M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0834%	1h	307.93	−0.029%	$311K	$814K	10x	as long as short
Extended TAO-USD	+0.0936%	1h	307.43	−0.193%	$885K	$2.4M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	308.66	+0.208%	$1.4M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	307.96	−0.018%	$410K	$606K	5x	as long as short
Hyperliquid TAO	+0.1222%	1h	308.36	+0.110%	$97.1M	$93.4M	5x	as long as short
Lighter TAO	+0.1312%	1h	307.92	−0.033%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.3743%	1h	312.40	+1.422%	$166K	$40K	10x	as long as short