Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0198%/8h= −21.7% APRpaid last 24h −0.061%

Price spread now: Paradex against BloFin−0.269%7-day average — · you buy dearer than you sell

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

Long on BloFin 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 against this trade now: funding costs −$6 a day on $10k at the current rate, and Paradex is 0.269% cheaper against BloFin than usual: you would sell low and buy high (−$27 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	BloFin TAO-USDT	312.24	0.0340	pay 0.0170% / 4h	3h 44m	$4.5M	$10.8M	100x
Short	Paradex TAO-USD-PERP	311.40	0.0142	get 0.0142% / 8h	3h 44m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against BloFin. 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 BloFinbpFee ParadexbpOrdersPrice spread, now −0.269%Rate

Funding earned: −$41.57
Price spread: −0.269% → 0.000%: −$26.88
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$84.45
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 4 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 BloFin live order book, 4 min ago	3.52 bp	10.7 bp −$11	16.1 bp −$161	32.0 bp −$3,200	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
Kraken Futures PF_TAOUSD	−0.0348%	1h	312.12	−0.040%	$5.5M	$20.6M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	311.42	−0.263%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.82	−0.135%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.85	−0.125%	$45K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	311.87	−0.118%	$2K	$813K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.49	−0.241%	$355K	$413K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.53	−0.227%	$89.4M	$497.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.46	−0.250%	$67.0M	$149.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.40	−0.269%	$25.9M	$120.1M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.10	+0.916%	$167K	$2K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	311.20	−0.333%	$13.0M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.47	−0.247%	$101.0M	$144.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.37	−0.279%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.23	−0.323%	$34.8M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.49	−0.240%	—	$33.1M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.19	−0.015%	$41K	$314K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.93	−0.100%	$529K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.96	−0.090%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.59	−0.208%	$82K	$870K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.94	−0.096%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.75	−0.157%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.63	−0.195%	$109K	$536K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.02	−0.069%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0114%	4h	312.06	−0.058%	$52K	$270K	10x	as long as short
Aster TAOUSDT	+0.0118%	4h	311.79	−0.145%	$1.2M	$10.4M	50x	as long as short
Phemex TAOUSDT	+0.0127%	4h	312.00	−0.077%	$3.2M	$8.1M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0141% / S +0.0131%	1h	311.74	−0.160%	$415K	—	100x	as long as short
Paradex TAO-USD-PERPshort	+0.0142%	8h	311.40	−0.269%	$14K	$1K	10x
Extended TAO-USD	+0.0176%	1h	311.60	−0.204%	$913K	$2.4M	25x	as long as short
Hyperliquid TAO	+0.0217%	1h	311.70	−0.173%	$91.5M	$107.2M	5x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.78	−0.147%	$101K	$392K	5x	as long as short
Nado TAO-PERP	+0.0255%	1h	311.77	−0.150%	$790K	$2.2M	10x	as long as short
Variational Omni TAO	+0.0324%	4h	312.10	−0.045%	$5.5M	$10.0M	—	as long as short
BloFin TAO-USDTlong	+0.0340%	4h	312.24	long leg	$4.5M	$10.8M	100x
Backpack TAO_USDC_PERP	+0.0396%	1h	312.18	−0.019%	$310K	$906K	10x	as long as short
Lighter TAO	+0.0400%	1h	311.71	−0.169%	$1.5M	$6.5M	5x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	311.85	−0.125%	$3K	$4K	5x	as long as short
Phoenix TAO	+0.0457%	1h	312.50	+0.083%	$311K	$711K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0624%	1h	312.22	−0.007%	$33K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.81	−0.139%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.65	−0.190%	$433K	$650K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.68	+0.141%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.38	+1.646%	$23K	$2K	12x	as long as short