Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0042%/8h= +4.6% APRpaid last 24h +0.009%

Price spread now: Paradex against Polymarket Perps−0.109%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Polymarket Perps Short on Paradex

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

Funding pays, the price is against you. Paradex is 0.109% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.109% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 8.6 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	311.74	0.0100	pay 0.0013% / 1h	44m 25s	$82K	$870K	5x
Short	Paradex TAO-USD-PERP	311.40	0.0142	get 0.0142% / 8h	3h 44m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Polymarket Perps. 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 Polymarket PerpsbpFee ParadexbpOrdersPrice spread, now −0.109%Rate

Funding earned: $8.83
Price spread: −0.109% → 0.000%: −$10.88
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$14.05
Costs to cover: 0.120%
Break-even: 18.1 days

Slippage unknown: Polymarket Perps: live order book, 8 min ago; Paradex: 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 Polymarket Perps live order book, 8 min ago	0.96 bp	5.0 bp −$5	9.4 bp −$94	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	−0.0348%	1h	312.12	+0.121%	$5.5M	$20.6M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	311.42	−0.103%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.72	−0.006%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.85	+0.035%	$45K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	311.87	+0.042%	$2K	$813K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.49	−0.081%	$355K	$413K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.95	+0.068%	$89.6M	$498.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.95	+0.067%	$67.1M	$150.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.90	+0.051%	$25.9M	$120.3M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.10	+1.078%	$167K	$2K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	311.20	−0.173%	$13.0M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.07	+0.106%	$101.2M	$144.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.80	+0.019%	$17.8M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.64	−0.032%	$34.9M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.87	+0.042%	—	$33.1M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.19	+0.146%	$41K	$314K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.93	+0.060%	$529K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.96	+0.071%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USDlong	+0.0100%	1h	311.74	long leg	$82K	$870K	5x
Bullet TAO-USD	+0.0100%	1h	312.03	+0.093%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.75	+0.003%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.63	−0.035%	$109K	$536K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.02	+0.091%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0114%	4h	311.78	+0.013%	$52K	$270K	10x	as long as short
Aster TAOUSDT	+0.0118%	4h	311.70	−0.012%	$1.2M	$10.4M	50x	as long as short
Phemex TAOUSDT	+0.0127%	4h	312.00	+0.083%	$3.2M	$8.1M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0141% / S +0.0131%	1h	311.71	−0.009%	$415K	—	100x	as long as short
Paradex TAO-USD-PERPshort	+0.0142%	8h	311.40	−0.109%	$14K	$1K	10x
Extended TAO-USD	+0.0176%	1h	311.60	−0.044%	$913K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.78	+0.013%	$101K	$392K	5x	as long as short
Hyperliquid TAO	+0.0235%	1h	312.21	+0.151%	$91.6M	$107.2M	5x	as long as short
Nado TAO-PERP	+0.0263%	1h	311.92	+0.059%	$790K	$2.2M	10x	as long as short
Variational Omni TAO	+0.0324%	4h	312.10	+0.116%	$5.5M	$10.0M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.24	+0.160%	$4.5M	$10.8M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0396%	1h	312.18	+0.141%	$310K	$906K	10x	as long as short
Lighter TAO	+0.0400%	1h	311.71	−0.009%	$1.5M	$6.5M	5x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	311.85	+0.035%	$3K	$4K	5x	as long as short
Phoenix TAO	+0.0457%	1h	312.50	+0.244%	$311K	$711K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0624%	1h	312.22	+0.154%	$33K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.94	+0.063%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.65	−0.030%	$433K	$650K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.68	+0.302%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.38	+1.809%	$23K	$2K	12x	as long as short