TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0127%/8h= +13.9% APRnext payment +$1.27 per $10,000 · paid last 24h +0.010%

Price spread now: Paradex against Katana Perps+0.097%57s7-day average — · you sell dearer than you buy

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

Long on Katana Perps 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 for this trade now. Funding pays +$4 a day on $10k at the current rate, and Paradex is 0.097% dearer against Katana Perps than usual: you sell high and buy low: +$10 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps TAO-USD	316.90	0.0107	pay 0.0107% / 8h	33m 44s	$2K	$1.1M	5x
Short	Paradex TAO-USD-PERP	317.21	0.0234	get 0.0234% / 8h	33m 44s	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Katana Perps. 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 Katana PerpsbpFee ParadexbpOrdersPrice spread, now +0.097%Rate

Funding earned: $26.71
Price spread: +0.097% → 0.000%: $9.7
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $28.61
Costs to cover: 0.078%
Break-even: from the start

Slippage unknown: Katana Perps: no order-book sample; 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 Katana Perps no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Katana Perps and 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 −0.0005%	1h	317.06	+0.052%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0034%	1h	316.93	+0.009%	$126K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.13	+0.073%	$44K	$712K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.90	0.000%	$26.4M	$130.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.90	0.000%	$14.5M	$51.4M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.19	+0.092%	$17.7M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.86	−0.013%	$35.7M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.70	−0.063%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.06	+0.050%	$88K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.94	+0.013%	$1K	$2.0M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	316.75	−0.047%	$115K	$604K	20x	as long as short
Katana Perps TAO-USDlong	+0.0107%	8h	316.90	long leg	$2K	$1.1M	5x
GMX TAO/USD [WBTC.b-USDC]	L +0.0107% / S +0.0136%	1h	316.78	−0.037%	$404K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	317.29	+0.123%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0150%	4h	317.14	+0.076%	$52K	$294K	10x	as long as short
Binance TAOUSDT	+0.0164%	4h	317.27	+0.117%	$91.9M	$530.9M	75x	as long as short
MEXC TAO_USDT	+0.0166%	4h	317.24	+0.107%	$100.3M	$151.5M	300x	as long as short
edgeX TAOUSDC	+0.0179%	4h	316.75	−0.048%	$42K	$319K	10x	as long as short
Paradex TAO-USD-PERPshort	+0.0234%	8h	317.21	+0.097%	$14K	$1K	10x
Bullet TAO-USD	+0.0254%	1h	317.44	+0.170%	$12K	$17K	20x	as long as short
Bybit TAOUSDT	+0.0256%	4h	317.29	+0.123%	$69.4M	$156.7M	50x	as long as short
BingX TAO-USDT	+0.0280%	4h	317.03	+0.041%	—	$37.0M	—	as long as short
Pacifica TAO	+0.0313%	1h	317.43	+0.167%	$372K	$452K	10x	as long as short
Bulk TAO-USD	+0.0317%	1h	319.23	+0.735%	$170K	$0	10x	as long as short
GRVT TAO_USDT_Perp	+0.0318%	4h	317.09	+0.061%	$541K	$918K	10x	as long as short
Extended TAO-USD	+0.0320%	1h	317.03	+0.041%	$903K	$2.4M	25x	as long as short
Aster TAOUSDT	+0.0324%	4h	317.26	+0.114%	$1.3M	$11.0M	50x	as long as short
BloFin TAO-USDT	+0.0407%	4h	316.79	−0.035%	$4.7M	$10.9M	100x	as long as short
Nado TAO-PERP	+0.0473%	1h	317.06	+0.051%	$788K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	317.19	+0.092%	$100K	$384K	5x	as long as short
Phemex TAOUSDT	+0.0489%	4h	316.94	+0.013%	$3.2M	$8.2M	50x	as long as short
Lighter TAO	+0.0504%	1h	317.52	+0.196%	$1.6M	$6.9M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0516%	1h	317.24	+0.108%	$15K	$1.9M	25x	as long as short
Variational Omni TAO	+0.0534%	4h	316.88	−0.005%	$5.5M	$10.2M	—	as long as short
Phoenix TAO	+0.0629%	1h	317.20	+0.095%	$316K	$703K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0671%	1h	317.03	+0.041%	$292K	$906K	10x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	317.35	+0.142%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.12	+0.071%	$365	—	20x	as long as short
Hyperliquid TAO	+0.0739%	1h	317.42	+0.164%	$93.8M	$110.2M	5x	as long as short
RISEx TAO/USDC	+0.0831%	1h	317.00	+0.032%	$444K	$673K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0835%	1h	317.29	+0.124%	$5.9M	$21.6M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.80	+0.284%	$1.4M	$6.9M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.94	+1.906%	$23K	$2K	12x	as long as short