Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0087%/8h= −9.5% APRpaid last 24h +0.008%

Price spread now: Paradex against ApeX Omni+0.771%7-day average — · you sell dearer than you buy

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

Long on ApeX Omni 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 0.771% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.771% now, against zero (this spread has no 7-day history yet)): +$77 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 30 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TAOUSDT	313.36	0.0359	pay 0.0045% / 1h	23m 29s	$44K	$256K	50x
Short	Paradex TAO-USD-PERP	315.78	0.0272	get 0.0272% / 8h	2h 23m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against ApeX Omni. 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 ApeX OmnibpFee ParadexbpOrdersPrice spread, now +0.771%Rate

Funding earned: −$18.25
Price spread: +0.771% → 0.000%: $77.11
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $44.86
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: ApeX Omni: live order book, 23 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 ApeX Omni live order book, 23 min ago	5.58 bp	13.0 bp −$13	111.1 bp −$1,111	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.49	+0.680%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0042%	1h	315.23	+0.597%	$126K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.37	+0.641%	$90.5M	$508.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.50	+0.683%	$26.4M	$123.0M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	313.47	+0.036%	$167K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.30	+0.619%	$14.0M	$51.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.52	+0.689%	$109.1M	$146.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.12	+0.562%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.33	+0.629%	$35.6M	$57.3M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.26	−0.032%	$41K	$314K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	315.49	+0.680%	$90K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.38	+0.326%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.65	+0.093%	$113K	$554K	20x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	315.12	+0.562%	$650	$934K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.42	+0.338%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0122%	4h	314.41	+0.335%	$52K	$290K	10x	as long as short
Popdex TAOUSDT	+0.0128%	1h	315.43	+0.661%	$52K	$669K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0128% / S +0.0140%	1h	314.29	+0.296%	$421K	—	100x	as long as short
Phemex TAOUSDT	+0.0152%	4h	314.29	+0.297%	$3.2M	$8.0M	50x	as long as short
Aster TAOUSDT	+0.0219%	4h	315.28	+0.614%	$1.3M	$10.6M	50x	as long as short
Pacifica TAO	+0.0233%	1h	315.48	+0.677%	$359K	$419K	10x	as long as short
Nado TAO-PERP	+0.0261%	1h	315.29	+0.615%	$778K	$2.2M	10x	as long as short
Paradex TAO-USD-PERPshort	+0.0272%	8h	315.78	+0.771%	$14K	$1K	10x
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.36	+0.318%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0326%	1h	315.70	+0.746%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.97	+0.195%	$4.6M	$10.9M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0346%	4h	313.80	+0.141%	$533K	$923K	10x	as long as short
ApeX Omni TAOUSDTlong	+0.0359%	1h	313.36	long leg	$44K	$256K	50x
Bybit TAOUSDT	+0.0410%	4h	315.56	+0.702%	$68.6M	$152.5M	50x	as long as short
BingX TAO-USDT	+0.0430%	4h	315.26	+0.606%	—	$33.6M	—	as long as short
Variational Omni TAO	+0.0439%	4h	313.02	−0.109%	$5.5M	$10.1M	—	as long as short
Arcus TAO-USD	+0.0483%	1h	315.68	+0.740%	$102K	$345K	5x	as long as short
Extended TAO-USD	+0.0488%	1h	315.19	+0.583%	$900K	$2.4M	25x	as long as short
Phoenix TAO	+0.0513%	1h	313.30	−0.019%	$312K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0580%	1h	314.43	+0.340%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.52	+0.688%	$363	—	20x	as long as short
Lighter TAO	+0.0760%	1h	315.94	+0.823%	$1.5M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0760%	1h	315.71	+0.750%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0807%	1h	315.69	+0.744%	$92.6M	$108.8M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0825%	1h	314.52	+0.370%	$312K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	315.59	+0.712%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	315.19	+0.584%	$456K	$650K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	319.48	+1.953%	$23K	$2K	12x	as long as short