Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0072%/8h= −7.9% APRpaid last 24h −0.076%

Price spread now: Paradex against 01 Exchange+0.101%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange 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

The price spread pays, funding is against you. Paradex is 0.101% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.101% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	315.19	0.0256	pay 0.0032% / 1h	36m 47s	$3K	$4K	5x
Short	Paradex TAO-USD-PERP	315.51	0.0184	get 0.0184% / 8h	4h 36m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against 01 Exchange. 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 01 ExchangebpFee ParadexbpOrdersPrice spread, now +0.101%Rate

Funding earned: −$15.21
Price spread: +0.101% → 0.000%: $10.07
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$16.14
Costs to cover: 0.110%
Break-even: never at this rate

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

01 Exchange and 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	−0.0482%	1h	315.13	−0.019%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.15	−0.647%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.72	−0.149%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.68	−0.162%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.82	−0.117%	$42K	$688K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.36	−0.580%	$90.3M	$491.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.10	−0.663%	$25.8M	$119.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.90	−0.727%	$12.8M	$49.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.49	−0.539%	$106.8M	$142.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.23	−0.622%	$17.4M	$31.7M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	313.05	−0.679%	$35.0M	$56.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.76	+0.181%	$35K	$303K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.75	+0.178%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.99	−0.063%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.08	−0.035%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.81	−0.121%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.81	−0.121%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.72	−0.149%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	314.95	−0.076%	$645	$787K	5x	as long as short
Bybit TAOUSDT	+0.0102%	4h	313.24	−0.619%	$68.3M	$147.3M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0104%	4h	316.85	+0.527%	$528K	$944K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.79	−0.127%	$173K	$998	3x	as long as short
BingX TAO-USDT	+0.0116%	4h	313.07	−0.673%	—	$30.0M	—	as long as short
Orderly PERP_TAO_USDC	+0.0127%	4h	314.56	−0.200%	$57K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0150% / S +0.0123%	1h	314.63	−0.177%	$419K	—	100x	as long as short
Paradex TAO-USD-PERPshort	+0.0184%	8h	315.51	+0.101%	$14K	$1K	10x
Nado TAO-PERP	+0.0185%	1h	315.02	−0.053%	$803K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0208%	4h	313.43	−0.557%	$1.2M	$10.2M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0231%	1h	314.61	−0.184%	$11K	$1.6M	25x	as long as short
Hyperliquid TAO	+0.0255%	1h	313.24	−0.620%	$92.3M	$106.0M	5x	as long as short
01 Exchange TAOUSDlong	+0.0256%	1h	315.19	long leg	$3K	$4K	5x
Extended TAO-USD	+0.0272%	1h	313.37	−0.578%	$917K	$2.4M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0337%	1h	313.89	−0.412%	$314K	$913K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.41	−0.247%	$4.5M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.49	+0.095%	$99K	$488K	5x	as long as short
Pacifica TAO	+0.0365%	1h	313.37	−0.577%	$357K	$411K	10x	as long as short
Lighter TAO	+0.0408%	1h	313.75	−0.456%	$1.5M	$6.5M	5x	as long as short
Phoenix TAO	+0.0581%	1h	317.30	+0.669%	$316K	$697K	5x	as long as short
Variational Omni TAO	+0.0615%	4h	315.95	+0.240%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.10	−0.028%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.16	−0.010%	$437K	$656K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.66	+0.149%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.92	+1.501%	$23K	$2K	12x	as long as short