Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0538%/8h= −58.9% APRpaid last 24h −0.048%

Price spread now: Paradex against Extended−0.079%7-day average — · you buy dearer than you sell

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

Long on Extended 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 airdropExtended: Active · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Paradex is 0.079% cheaper against Extended than usual: you would sell low and buy high (−$8 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	Extended TAO-USD	323.85	0.0840	pay 0.0105% / 1h	26m 30s	$949K	$2.3M	25x
Short	Paradex TAO-USD-PERP	323.59	0.0302	get 0.0302% / 8h	5h 26m	$15K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Extended. 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 ExtendedbpFee ParadexbpOrdersPrice spread, now −0.079%Rate

Funding earned: −$113.05
Price spread: −0.079% → 0.000%: −$7.9
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$129.94
Costs to cover: 0.090%
Break-even: never at this rate

Slippage unknown: Extended: 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 Extended live order book, 2 min ago	2.01 bp	5.4 bp −$5	7.1 bp −$71	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	−0.5583%	1h	316.49	−2.271%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	323.00	−0.261%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	322.43	−0.437%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	324.09	+0.076%	$34K	$676K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	324.04	+0.061%	$94.7M	$479.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.90	+0.017%	$26.7M	$120.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.20	−0.199%	$13.3M	$49.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	323.47	−0.116%	$100.5M	$141.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.35	−0.153%	$18.1M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	323.53	−0.097%	$36.2M	$54.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	323.11	−0.228%	$36K	$301K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	323.84	−0.002%	$87K	$792K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	322.61	−0.381%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	322.86	−0.304%	$131K	$482K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.00	−0.261%	$3.5M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	322.96	−0.272%	$177K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	322.75	−0.338%	$58K	$282K	10x	as long as short
Katana Perps TAO-USD	+0.0119%	8h	323.99	+0.045%	$689	$776K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0160% / S +0.0126%	1h	322.37	−0.456%	$447K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0243%	1h	322.76	−0.337%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0254%	4h	323.03	−0.252%	$536K	$964K	10x	as long as short
Bullet TAO-USD	+0.0276%	1h	322.80	−0.323%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERPshort	+0.0302%	8h	323.59	−0.079%	$15K	$1K	10x
BloFin TAO-USDT	+0.0340%	4h	323.71	−0.042%	$4.6M	$11.4M	100x	as long as short
Aster TAOUSDT	+0.0371%	4h	323.47	−0.115%	$1.1M	$9.6M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0429%	1h	322.73	−0.343%	$21K	$1.6M	25x	as long as short
Pacifica TAO	+0.0448%	1h	323.52	−0.099%	$383K	$402K	10x	as long as short
Phoenix TAO	+0.0504%	1h	324.30	+0.140%	$339K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	324.29	+0.137%	$101K	$487K	5x	as long as short
Bybit TAOUSDT	+0.0546%	4h	324.23	+0.119%	$71.0M	$143.7M	50x	as long as short
BingX TAO-USDT	+0.0558%	4h	323.78	−0.020%	—	$30.3M	—	as long as short
Nado TAO-PERP	+0.0575%	1h	323.90	+0.016%	$793K	$2.2M	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	323.67	−0.055%	$372	—	20x	as long as short
ApeX Omni TAOUSDT	+0.0723%	1h	323.82	−0.008%	$48K	$253K	50x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	324.51	+0.205%	$3K	$4K	5x	as long as short
Extended TAO-USDlong	+0.0840%	1h	323.85	long leg	$949K	$2.3M	25x
Variational Omni TAO	+0.0868%	4h	323.85	+0.001%	$6.0M	$9.8M	—	as long as short
Lighter TAO	+0.0912%	1h	323.78	−0.019%	$1.6M	$6.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	324.38	+0.165%	$1.5M	$6.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1062%	1h	323.48	−0.113%	$445K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	324.16	+0.098%	$468K	$647K	5x	as long as short
Hyperliquid TAO	+0.1252%	1h	324.06	+0.066%	$102.0M	$99.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	−0.147%	$24K	$2K	12x	as long as short