Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0106%/8h= −11.6% APRpaid last 24h −0.013%

Price spread now: Paradex against Aster−0.023%7-day average — · you buy dearer than you sell

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

Long on Aster 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 airdropAster: Stage 5 · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Paradex is 0.023% cheaper against Aster than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	316.56	0.0344	pay 0.0172% / 4h	24m 33s	$1.3M	$11.6M	50x
Short	Paradex TAO-USD-PERP	316.49	0.0237	get 0.0237% / 8h	4h 24m	$14K	$769	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Aster. 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 AsterbpFee ParadexbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$22.31
Price spread: −0.023% → 0.000%: −$2.26
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$36.57
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 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 Aster live order book, 2 min ago	0.95 bp	7.1 bp −$7	19.5 bp −$195	159.5 bp −$15.9K	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 exchanges

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 −0.0003%	1h	315.70	−0.271%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.49	−0.022%	$58K	$615K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.50	−0.019%	$27.0M	$124.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.30	−0.082%	$16.4M	$47.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.26	−0.095%	$17.4M	$30.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.27	−0.092%	$35.8M	$53.1M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.48	−0.025%	$69K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.94	−0.196%	$1K	$1.7M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.59	−0.306%	$114K	$524K	20x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	316.29	−0.085%	$1K	$1.3M	5x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended TAO-USD	+0.0104%	1h	316.37	−0.059%	$871K	$2.1M	25x	as long as short
Bulk TAO-USD	+0.0111%	1h	316.01	−0.174%	$168K	$662	10x	as long as short
Aevo TAO-PERP	+0.0120%	1h	316.09	−0.148%	$174K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0147%	1h	315.96	−0.190%	$45K	$254K	50x	as long as short
Binance TAOUSDT	+0.0152%	4h	316.48	−0.025%	$94.3M	$498.8M	75x	as long as short
edgeX TAOUSDC	+0.0154%	4h	316.33	−0.072%	$42K	$324K	10x	as long as short
MEXC TAO_USDT	+0.0154%	4h	316.37	−0.060%	$117.7M	$149.4M	300x	as long as short
Bullet TAO-USD	+0.0165%	1h	316.06	−0.158%	$12K	$15K	20x	as long as short
dYdX TAO-USD	+0.0189%	1h	316.32	−0.076%	$267K	$227K	5x	as long as short
Pacifica TAO	+0.0223%	1h	316.50	−0.019%	$384K	$448K	10x	as long as short
Paradex TAO-USD-PERPshort	+0.0237%	8h	316.49	−0.023%	$14K	$769	10x
GRVT TAO_USDT_Perp	+0.0258%	4h	316.76	+0.063%	$537K	$782K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0267%	4h	315.91	−0.205%	$53K	$262K	10x	as long as short
Bybit TAOUSDT	+0.0302%	4h	316.62	+0.019%	$70.2M	$151.8M	50x	as long as short
Phemex TAOUSDT	+0.0305%	4h	316.06	−0.158%	$3.2M	$8.3M	50x	as long as short
BingX TAO-USDT	+0.0312%	4h	316.32	−0.076%	—	$37.0M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0323%	1h	316.02	−0.171%	$21K	$1.8M	25x	as long as short
Nado TAO-PERP	+0.0340%	1h	316.04	−0.165%	$657K	$2.0M	10x	as long as short
Aster TAOUSDTlong	+0.0344%	4h	316.56	long leg	$1.3M	$11.6M	50x
GMX TAO/USD [WBTC.b-USDC]	L +0.0379% / S −0.0117%	1h	315.75	−0.257%	$380K	—	100x	as long as short
Hyperliquid TAO	+0.0383%	1h	316.46	−0.032%	$94.1M	$103.7M	5x	as long as short
BloFin TAO-USDT	+0.0395%	4h	315.98	−0.183%	$3.9M	$9.8M	100x	as long as short
Lighter TAO	+0.0440%	1h	316.62	+0.019%	$1.6M	$6.8M	5x	as long as short
Variational Omni TAO	+0.0518%	4h	316.95	+0.123%	$6.3M	$9.7M	—	as long as short
Arcus TAO-USD	+0.0587%	1h	316.66	+0.032%	$100K	$285K	5x	as long as short
Phoenix TAO	+0.0636%	1h	316.20	−0.114%	$318K	$701K	5x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	316.59	+0.009%	$3K	$2K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0689%	1h	316.25	−0.098%	$301K	$1.1M	10x	as long as short
RISEx TAO/USDC	+0.0694%	1h	316.38	−0.057%	$410K	$645K	5x	as long as short
Reya TAORUSDPERP	+0.0700%	1h	315.94	−0.194%	$363	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0728%	1h	317.40	+0.265%	$1.1M	$7.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0855%	1h	316.20	−0.114%	$6.4M	$19.2M	50x	as long as short
Injective TAO/USDC PERP	+0.4136%	1h	319.31	+0.869%	$23K	$2K	12x	as long as short