Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0524%/8h= +57.4% APRpaid last 24h +0.089%

Price spread now: 01 Exchange against Paradex+0.121%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 01 Exchange

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 for this trade now. Funding pays +$16 a day on $10k at the current rate, and 01 Exchange is 0.121% dearer against Paradex than usual: you sell high and buy low: +$12 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	319.28	0.0252	pay 0.0252% / 8h	46m 27s	$14K	$1K	10x
Short	01 Exchange TAOUSD	319.67	0.0776	get 0.0097% / 1h	46m 27s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.121%Rate

Funding earned: $110.02
Price spread: +0.121% → 0.000%: $12.13
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $111.14
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; 01 Exchange: no order-book sample. 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 01 Exchange no order-book sample	—	—	—	—	—

Paradex and 01 Exchange: 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	318.21	−0.335%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0069%	1h	318.77	−0.160%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.36	+0.024%	$45K	$708K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.00	−0.089%	$26.5M	$130.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.90	−0.120%	$14.5M	$51.0M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.08	−0.064%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.94	−0.107%	$35.8M	$57.9M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.16	−0.038%	$89K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.36	−0.289%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.35	−0.292%	$116K	$604K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0107%	8h	319.23	−0.017%	$724	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0109% / S +0.0158%	1h	318.24	−0.327%	$424K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.66	−0.197%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0146%	4h	318.55	−0.230%	$53K	$293K	10x	as long as short
edgeX TAOUSDC	+0.0168%	4h	318.79	−0.154%	$42K	$319K	10x	as long as short
MEXC TAO_USDT	+0.0180%	4h	319.25	−0.010%	$100.3M	$151.1M	300x	as long as short
Binance TAOUSDT	+0.0182%	4h	319.31	+0.008%	$92.7M	$529.3M	75x	as long as short
Paradex TAO-USD-PERPlong	+0.0252%	8h	319.28	long leg	$14K	$1K	10x
BingX TAO-USDT	+0.0260%	4h	319.07	−0.067%	—	$37.0M	—	as long as short
Bybit TAOUSDT	+0.0285%	4h	319.20	−0.026%	$69.9M	$156.2M	50x	as long as short
Pacifica TAO	+0.0313%	1h	319.24	−0.013%	$363K	$429K	10x	as long as short
Bulk TAO-USD	+0.0314%	1h	317.73	−0.486%	$169K	$333	10x	as long as short
GRVT TAO_USDT_Perp	+0.0324%	4h	318.48	−0.251%	$543K	$926K	10x	as long as short
Aster TAOUSDT	+0.0341%	4h	319.16	−0.038%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0352%	1h	319.02	−0.084%	$908K	$2.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0366%	1h	318.46	−0.259%	$15K	$2.0M	25x	as long as short
Bullet TAO-USD	+0.0367%	1h	319.25	−0.010%	$12K	$17K	20x	as long as short
ApeX Omni TAOUSDT	+0.0374%	1h	319.64	+0.112%	$46K	$260K	50x	as long as short
BloFin TAO-USDT	+0.0421%	4h	318.65	−0.198%	$4.7M	$11.0M	100x	as long as short
Nado TAO-PERP	+0.0473%	1h	319.22	−0.019%	$793K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	319.49	+0.065%	$103K	$389K	5x	as long as short
Lighter TAO	+0.0496%	1h	319.28	−0.002%	$1.6M	$6.9M	5x	as long as short
Variational Omni TAO	+0.0505%	4h	318.69	−0.185%	$5.6M	$10.3M	—	as long as short
Phemex TAOUSDT	+0.0551%	4h	318.67	−0.192%	$3.2M	$8.2M	50x	as long as short
Phoenix TAO	+0.0629%	1h	319.80	+0.162%	$319K	$703K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.19	−0.030%	$367	—	20x	as long as short
01 Exchange TAOUSDshort	+0.0776%	1h	319.67	+0.121%	$3K	$4K	5x
Backpack TAO_USDC_PERP	+0.0779%	1h	318.98	−0.095%	$297K	$905K	10x	as long as short
Hyperliquid TAO	+0.0807%	1h	319.51	+0.071%	$94.5M	$110.1M	5x	as long as short
RISEx TAO/USDC	+0.0831%	1h	319.21	−0.023%	$450K	$678K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0832%	1h	318.65	−0.197%	$6.0M	$21.6M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.21	−0.023%	$1.5M	$6.9M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	320.67	+0.434%	$23K	$2K	12x	as long as short