Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0122%/8h= +13.4% APRpaid last 24h +0.025%

Price spread now: Paradex against Aevo+0.055%7-day average — · you sell dearer than you buy

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

Long on Aevo 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 +$4 a day on $10k at the current rate, and Paradex is 0.055% dearer against Aevo than usual: you sell high and buy low: +$5 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	Aevo TAO-PERP	318.10	0.0120	pay 0.0015% / 1h	17m 38s	$175K	$998	3x
Short	Paradex TAO-USD-PERP	318.27	0.0242	get 0.0242% / 8h	7h 17m	$14K	$876	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aevo. 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 AevobpFee ParadexbpOrdersPrice spread, now +0.055%Rate

Funding earned: $25.71
Price spread: +0.055% → 0.000%: $5.48
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee Paradex: 2 bp × 2 orders: −$4
Net: $11.19
Costs to cover: 0.200%
Break-even: 4.0 days

Slippage unknown: Aevo: live order book, 11 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 Aevo live order book, 11 min ago	52.50 bp	88.1 bp −$88	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	−0.0269%	1h	313.94	−1.306%	$167K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	317.54	−0.174%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.91	−0.058%	$49K	$699K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	317.86	−0.074%	$69.5M	$154.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.80	−0.093%	$26.4M	$129.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.00	−0.030%	$15.1M	$50.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.20	+0.033%	$17.6M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.03	−0.020%	$35.8M	$56.9M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.90	−0.061%	$88K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.88	−0.068%	$1K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	318.33	+0.074%	$115K	$573K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.69	−0.127%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERPlong	+0.0120%	1h	318.10	long leg	$175K	$998	3x
Katana Perps TAO-USD	+0.0124%	8h	318.02	−0.024%	$1K	$1.2M	5x	as long as short
BingX TAO-USDT	+0.0163%	4h	318.20	+0.033%	—	$38.8M	—	as long as short
Binance TAOUSDT	+0.0165%	4h	317.91	−0.057%	$92.6M	$520.1M	75x	as long as short
edgeX TAOUSDC	+0.0166%	4h	319.20	+0.346%	$42K	$322K	10x	as long as short
MEXC TAO_USDT	+0.0166%	4h	318.29	+0.061%	$111.1M	$153.9M	300x	as long as short
Orderly PERP_TAO_USDC	+0.0237%	4h	318.15	+0.017%	$54K	$272K	10x	as long as short
Paradex TAO-USD-PERPshort	+0.0242%	8h	318.27	+0.055%	$14K	$876	10x
ApeX Omni TAOUSDT	+0.0293%	1h	319.06	+0.303%	$45K	$254K	50x	as long as short
Bullet TAO-USD	+0.0294%	1h	318.08	−0.005%	$12K	$17K	20x	as long as short
dYdX TAO-USD	+0.0304%	1h	317.62	−0.149%	$128K	$87K	5x	as long as short
Aster TAOUSDT	+0.0332%	4h	318.00	−0.030%	$1.3M	$11.1M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0342%	4h	318.82	+0.229%	$540K	$838K	10x	as long as short
Pacifica TAO	+0.0349%	1h	318.25	+0.050%	$361K	$437K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0366% / S −0.0109%	1h	317.61	−0.153%	$377K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0404%	1h	318.04	−0.016%	$9K	$1.8M	25x	as long as short
Arcus TAO-USD	+0.0404%	1h	318.56	+0.146%	$100K	$340K	5x	as long as short
BloFin TAO-USDT	+0.0406%	4h	318.98	+0.278%	$4.8M	$10.9M	100x	as long as short
Extended TAO-USD	+0.0416%	1h	318.22	+0.040%	$888K	$2.2M	25x	as long as short
Nado TAO-PERP	+0.0462%	1h	318.31	+0.068%	$772K	$1.9M	10x	as long as short
Phoenix TAO	+0.0578%	1h	319.20	+0.347%	$321K	$714K	5x	as long as short
Hyperliquid TAO	+0.0592%	1h	318.35	+0.081%	$94.5M	$109.4M	5x	as long as short
Variational Omni TAO	+0.0616%	4h	319.30	+0.378%	$5.6M	$10.0M	—	as long as short
Lighter TAO	+0.0656%	1h	318.36	+0.084%	$1.6M	$6.7M	5x	as long as short
01 Exchange TAOUSD	+0.0656%	1h	318.58	+0.152%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	318.08	−0.004%	$366	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0741%	1h	318.15	+0.017%	$315K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0783%	1h	318.06	−0.013%	$6.1M	$21.2M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	318.19	+0.029%	$452K	$706K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	319.66	+0.492%	$1.1M	$7.5M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	317.77	−0.102%	$23K	$2K	12x	as long as short