Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0059%/8h= +6.5% APRpaid last 24h +0.004%

Price spread now: Paradex against Bitget−0.157%7-day average — · you buy dearer than you sell

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

Long on Bitget 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

Funding pays, the price is against you. Paradex is 0.157% cheaper against Bitget than usual: you would sell low and buy high (spread −0.157% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 8.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TAOUSDT	309.26	0.0100	pay 0.0050% / 4h	1h 04m	$34.5M	$45.7M	50x
Short	Paradex TAO-USD-PERP	308.78	0.0159	get 0.0159% / 8h	1h 04m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Bitget. 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 BitgetbpFee ParadexbpOrdersPrice spread, now −0.157%Rate

Funding earned: $12.49
Price spread: −0.157% → 0.000%: −$15.68
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$19.19
Costs to cover: 0.160%
Break-even: 17.8 days

Slippage unknown: Bitget: live order book, 10 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 Bitget live order book, 10 min ago	1.96 bp	11.9 bp −$12	20.7 bp −$207	48.4 bp −$4,844	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	−0.0396%	1h	305.88	−1.095%	$163K	$52K	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	309.15	−0.036%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0012%	1h	308.50	−0.246%	$124K	$88K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.80	−0.149%	$45K	$542K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	309.37	+0.037%	$86.8M	$414.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	309.51	+0.081%	$60.2M	$121.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	309.40	+0.045%	$24.8M	$96.9M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	309.08	−0.058%	$80K	$643K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	309.20	−0.019%	$12.3M	$49.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	309.31	+0.016%	$116.5M	$126.4M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	309.45	+0.061%	$18.6M	$27.2M	75x	as long as short
Bitget TAOUSDTlong	+0.0100%	4h	309.26	long leg	$34.5M	$45.7M	50x
BingX TAO-USDT	+0.0100%	4h	309.37	+0.036%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.10	−0.698%	$40K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.22	−0.661%	$508K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.07	−0.708%	$46K	$270K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	309.35	+0.029%	$76K	$550K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	309.47	+0.068%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	309.24	−0.006%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.03	−0.398%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.67	−0.191%	$123K	$371K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	308.51	−0.243%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	309.63	+0.121%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	308.98	−0.091%	$1K	$511K	5x	as long as short
Variational Omni TAO	+0.0118%	4h	307.52	−0.562%	$3.7M	$6.7M	—	as long as short
Aster TAOUSDT	+0.0138%	4h	309.12	−0.044%	$1.1M	$7.8M	50x	as long as short
Paradex TAO-USD-PERPshort	+0.0159%	8h	308.78	−0.157%	$14K	$1K	10x
Pacifica TAO	+0.0164%	1h	308.80	−0.149%	$365K	$369K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	309.15	−0.037%	$441K	—	100x	as long as short
Nado TAO-PERP	+0.0312%	1h	309.41	+0.049%	$845K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.78	−0.155%	$4.3M	$9.5M	100x	as long as short
Lighter TAO	+0.0352%	1h	308.90	−0.115%	$1.7M	$5.4M	5x	as long as short
01 Exchange TAOUSD	+0.0424%	1h	309.22	−0.013%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0449%	1h	308.63	−0.204%	$21K	$1.4M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0465%	1h	309.01	−0.081%	$297K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	307.10	−0.698%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	309.34	+0.026%	$356	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	308.73	−0.170%	$838K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	308.46	−0.259%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1024%	1h	308.58	−0.221%	$5.8M	$19.6M	50x	as long as short
RISEx TAO/USDC	+0.1155%	1h	308.98	−0.090%	$421K	$533K	5x	as long as short
Hyperliquid TAO	+0.1179%	1h	309.95	+0.223%	$94.6M	$80.9M	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	−0.171%	$22K	$264	12x	as long as short