Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.061%
Price spread now: Paradex against Nado+0.154%50s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropNado: Active · Paradex: Active · farm boardneeds both histories
The price spread pays, funding is against you. Paradex is 0.154% dearer against Nado than usual: you sell high and buy low (spread +0.154% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 40 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado TAO-PERP313.760.0252pay 0.0031% / 1h45m 31s$780K$2.2M10x
ShortParadex TAO-USD-PERP314.240.0239get 0.0239% / 8h2h 45m$14K$1K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex against Nado. 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

Funding earned
−$2.71
Price spread: +0.154% → 0.000%
$15.37
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Paradex: 2 bp × 2 orders
−$4
Net
$1.66
Costs to cover
0.110%
Break-even
from the start
Slippage unknown: Nado: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 3 min ago1.59 bp8.7 bp −$923.8 bp −$238doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h313.73−0.009%$125K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0003%1h313.42−0.106%$22K150xas long as short
Katana Perps TAO-USD+0.0100%8h314.16+0.128%$643$890K5xas long as short
Binance TAOUSDT+0.0100%4h314.27+0.163%$89.8M$505.2M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h314.20+0.141%$26.2M$122.4M50xas long as short
Gate TAO_USDT+0.0100%4h314.00+0.077%$13.7M$50.4M50xas long as short
MEXC TAO_USDT+0.0100%4h314.38+0.198%$105.2M$144.7M300xas long as short
KuCoin TAOUSDTM+0.0100%4h314.12+0.116%$17.5M$31.4M75xas long as short
Bitget TAOUSDT+0.0100%4h313.95+0.061%$35.4M$56.9M50xas long as short
edgeX TAOUSDC+0.0100%4h313.67−0.026%$41K$315K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps TAO-USD+0.0100%1h313.52−0.076%$81K$909K5xas long as short
SunX TAO-USDT+0.0100%4h313.51−0.079%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h313.20−0.178%$111K$545K20xas long as short
Aevo TAO-PERP+0.0104%1h313.69−0.021%$172K$9983xas long as short
Orderly PERP_TAO_USDC+0.0122%4h313.57−0.060%$52K$290K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0132% / S +0.0137%1h313.32−0.140%$420K100xas long as short
Bulk TAO-USD+0.0138%1h312.42−0.425%$166K$33310xas long as short
Aster TAOUSDT+0.0166%4h314.00+0.077%$1.3M$10.5M50xas long as short
Pacifica TAO+0.0233%1h314.32+0.179%$358K$419K10xas long as short
Paradex TAO-USD-PERPshort+0.0239%8h314.24+0.154%$14K$1K10x
Nado TAO-PERPlong+0.0252%1h313.76long leg$780K$2.2M10x
Popdex TAOUSDT+0.0280%1h314.30+0.173%$49K$662K20xas long as short
GRVT TAO_USDT_Perp+0.0286%4h313.59−0.053%$533K$942K10xas long as short
Kraken Futures PF_TAOUSD+0.0304%1h313.98+0.069%$5.7M$21.1M50xas long as short
Phemex TAOUSDT+0.0314%4h313.65−0.034%$3.2M$7.9M50xas long as short
ApeX Omni TAOUSDT+0.0317%1h313.78+0.007%$44K$256K50xas long as short
Bullet TAO-USD+0.0331%1h313.74−0.005%$12K$17K20xas long as short
BloFin TAO-USDT+0.0340%4h313.60−0.050%$4.5M$10.8M100xas long as short
BingX TAO-USDT+0.0384%4h314.08+0.103%$33.7Mas long as short
Variational Omni TAO+0.0390%4h313.71−0.015%$5.5M$10.1Mas long as short
Extended TAO-USD+0.0408%1h314.18+0.135%$905K$2.4M25xas long as short
Bybit TAOUSDT+0.0415%4h314.31+0.176%$68.2M$151.3M50xas long as short
Deribit TAO_USDC-PERPETUAL+0.0423%1h313.54−0.068%$11K$1.8M25xas long as short
Arcus TAO-USD+0.0483%1h314.53+0.246%$101K$370K5xas long as short
Phoenix TAO+0.0513%1h313.30−0.146%$312K$713K5xas long as short
Reya TAORUSDPERP+0.0697%1h313.67−0.028%$36120xas long as short
Hyperliquid TAO+0.0746%1h314.42+0.211%$92.0M$108.5M5xas long as short
Backpack TAO_USDC_PERP+0.0799%1h313.84+0.026%$310K$886K10xas long as short
01 Exchange TAOUSD+0.0800%1h314.69+0.297%$3K$4K5xas long as short
Lighter TAO+0.0888%1h314.53+0.246%$1.5M$6.5M5xas long as short
Coinbase International TAO-PERP-INTX+0.0928%1h314.47+0.227%$1.5M$6.8M50xas long as short
RISEx TAO/USDC+0.0948%1h314.24+0.153%$453K$651K5xas long as short
Injective TAO/USDC PERP+0.3711%1h316.07+0.737%$23K$2K12xas long as short