Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0163%/8h= +17.8% APRpaid last 24h +0.011%

Price spread now: Paradex against SunX+0.089%7-day average — · you sell dearer than you buy

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

Long on SunX 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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Paradex is 0.089% dearer against SunX than usual: you sell high and buy low: +$9 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	SunX TAO-USDT	319.50	0.0100	pay 0.0050% / 4h	1h 41m	$1K	$2.0M	20x
Short	Paradex TAO-USD-PERP	319.78	0.0263	get 0.0263% / 8h	1h 41m	$15K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against SunX. 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 SunXbpFee ParadexbpOrdersPrice spread, now +0.089%Rate

Funding earned: $34.2
Price spread: +0.089% → 0.000%: $8.91
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $31.11
Costs to cover: 0.120%
Break-even: 0.6 days

Slippage unknown: SunX: live order book, 4 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 SunX live order book, 4 min ago	500.22 bp	doesn't fit	doesn't fit	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
Bulk TAO-USD	−0.2019%	1h	319.65	+0.047%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.38	−0.039%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.37	−0.039%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.86	+0.113%	$41K	$696K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.90	+0.125%	$26.5M	$129.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.50	0.000%	$14.2M	$51.6M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.79	+0.091%	$17.8M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.48	−0.006%	$35.8M	$58.3M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.81	+0.097%	$45K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.47	−0.009%	$91K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDTlong	+0.0100%	4h	319.50	long leg	$1K	$2.0M	20x
HTX TAO-USDT	+0.0100%	4h	319.25	−0.078%	$118K	$589K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	319.62	+0.038%	$725	$1.0M	5x	as long as short
Phemex TAOUSDT	+0.0114%	4h	319.91	+0.128%	$3.3M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	319.83	+0.103%	$176K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0121% / S +0.0156%	1h	319.36	−0.044%	$432K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	319.71	+0.066%	$53K	$293K	10x	as long as short
edgeX TAOUSDC	+0.0152%	4h	320.03	+0.167%	$42K	$318K	10x	as long as short
Binance TAOUSDT	+0.0158%	4h	319.92	+0.131%	$92.5M	$527.2M	75x	as long as short
MEXC TAO_USDT	+0.0158%	4h	319.90	+0.125%	$105.1M	$149.6M	300x	as long as short
Paradex TAO-USD-PERPshort	+0.0263%	8h	319.78	+0.089%	$15K	$1K	10x
Aster TAOUSDT	+0.0313%	4h	319.92	+0.131%	$1.3M	$10.9M	50x	as long as short
Bybit TAOUSDT	+0.0382%	4h	319.89	+0.122%	$69.8M	$155.9M	50x	as long as short
Bullet TAO-USD	+0.0387%	1h	319.81	+0.098%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0396%	4h	320.21	+0.222%	$4.7M	$11.1M	100x	as long as short
BingX TAO-USDT	+0.0398%	4h	319.84	+0.106%	—	$34.4M	—	as long as short
GRVT TAO_USDT_Perp	+0.0408%	4h	319.77	+0.085%	$544K	$948K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	319.84	+0.106%	$917K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	319.86	+0.114%	$364K	$423K	10x	as long as short
Variational Omni TAO	+0.0538%	4h	319.36	−0.044%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	320.30	+0.250%	$319K	$709K	5x	as long as short
01 Exchange TAOUSD	+0.0632%	1h	319.94	+0.138%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.31	+0.254%	$103K	$394K	5x	as long as short
Nado TAO-PERP	+0.0651%	1h	319.79	+0.090%	$801K	$2.2M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0659%	1h	319.76	+0.081%	$14K	$1.9M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0660%	1h	319.75	+0.078%	$300K	$904K	10x	as long as short
Hyperliquid TAO	+0.0669%	1h	319.96	+0.144%	$94.5M	$110.1M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.74	+0.074%	$368	—	20x	as long as short
Lighter TAO	+0.0864%	1h	320.13	+0.199%	$1.5M	$6.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.04	+0.482%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	319.76	+0.083%	$462K	$662K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1154%	1h	319.92	+0.131%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.63	+1.293%	$24K	$2K	12x	as long as short