Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h −0.090%

Price spread now: Paradex against Kraken Futures−0.003%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TAOUSD	315.00	0.0056	pay 0.0007% / 1h	8m 35s	$5.5M	$20.6M	50x
Short	Paradex TAO-USD-PERP	314.99	0.0153	get 0.0153% / 8h	4h 08m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Kraken Futures. 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 Kraken FuturesbpFee ParadexbpOrdersPrice spread, now −0.003%Rate

Funding earned: $20.33
Price spread: −0.003% → 0.000%: −$0.34
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $5.99
Costs to cover: 0.140%
Break-even: 4.9 days

Slippage unknown: Kraken Futures: live order book, 5 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 Kraken Futures live order book, 5 min ago	7.78 bp	16.6 bp −$17	23.5 bp −$235	75.6 bp −$7,561	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
dYdX TAO-USD	0.0000%	1h	314.73	−0.085%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.81	−0.059%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSDlong	+0.0056%	1h	315.00	long leg	$5.5M	$20.6M	50x
Popdex TAOUSDT	+0.0096%	1h	314.72	−0.088%	$43K	$669K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.83	−0.053%	$1K	$800K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.02	+0.007%	$91.1M	$495.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.05	+0.017%	$67.9M	$149.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.90	−0.031%	$26.0M	$120.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.60	−0.126%	$12.9M	$50.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.99	−0.002%	$110.7M	$144.2M	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	314.83	−0.053%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.66	−0.107%	$35.2M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.88	−0.037%	—	$32.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.88	−0.039%	$42K	$311K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.41	−0.187%	$520K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.05	+0.017%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.58	−0.133%	$77K	$860K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.03	+0.011%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.38	−0.196%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.41	−0.187%	$109K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.99	−0.002%	$3.2M	$8.1M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	314.68	−0.101%	$167K	$2K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.99	−0.003%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	315.01	+0.004%	$52K	$271K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0145% / S +0.0122%	1h	314.79	−0.067%	$428K	—	100x	as long as short
Paradex TAO-USD-PERPshort	+0.0153%	8h	314.99	−0.003%	$14K	$1K	10x
Aster TAOUSDT	+0.0166%	4h	314.73	−0.085%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0200%	1h	314.82	−0.057%	$923K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0218%	1h	314.62	−0.121%	$800K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0279%	1h	315.11	+0.036%	$92.7M	$106.5M	5x	as long as short
01 Exchange TAOUSD	+0.0336%	1h	314.92	−0.025%	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.96	−0.012%	$4.6M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.15	+0.048%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0346%	1h	315.08	+0.026%	$316K	$913K	10x	as long as short
Lighter TAO	+0.0360%	1h	315.17	+0.054%	$1.5M	$6.5M	5x	as long as short
Pacifica TAO	+0.0365%	1h	315.05	+0.017%	$359K	$412K	10x	as long as short
Variational Omni TAO	+0.0450%	4h	315.00	0.000%	$5.7M	$9.9M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0508%	1h	315.15	+0.049%	$23K	$1.7M	25x	as long as short
Phoenix TAO	+0.0581%	1h	314.90	−0.031%	$313K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.78	−0.069%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	314.87	−0.040%	$437K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.30	+0.096%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.19	+1.014%	$23K	$2K	12x	as long as short