Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.007%

Price spread now: Paradex against Pacifica−0.007%7-day average — · you buy dearer than you sell

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

Long on Pacifica 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 airdropPacifica: Active · Paradex: 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: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TAO	318.94	0.0313	pay 0.0039% / 1h	51m 03s	$362K	$427K	10x
Short	Paradex TAO-USD-PERP	318.92	0.0237	get 0.0237% / 8h	51m 03s	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Pacifica. 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 PacificabpFee ParadexbpOrdersPrice spread, now −0.007%Rate

Funding earned: −$16.01
Price spread: −0.007% → 0.000%: −$0.66
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$28.66
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 52 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 Pacifica live order book, 52 min ago	2.97 bp	7.5 bp −$8	doesn't fit	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	318.40	−0.170%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0067%	1h	318.50	−0.139%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.23	+0.090%	$44K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.30	−0.201%	$26.6M	$130.3M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.85	−0.343%	$169K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.30	−0.201%	$14.4M	$50.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.60	−0.107%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.08	−0.270%	$35.7M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.66	−0.402%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.92	−0.007%	$85K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	318.46	−0.151%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.46	−0.151%	$116K	$604K	20x	as long as short
Katana Perps TAO-USD	+0.0107%	8h	318.95	+0.003%	$6K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0110% / S +0.0157%	1h	318.23	−0.223%	$424K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	318.66	−0.087%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0139%	4h	318.50	−0.139%	$53K	$293K	10x	as long as short
edgeX TAOUSDC	+0.0161%	4h	317.66	−0.402%	$42K	$318K	10x	as long as short
MEXC TAO_USDT	+0.0166%	4h	318.43	−0.161%	$107.8M	$150.5M	300x	as long as short
Binance TAOUSDT	+0.0168%	4h	318.51	−0.135%	$92.5M	$529.3M	75x	as long as short
Paradex TAO-USD-PERPshort	+0.0237%	8h	318.92	−0.007%	$14K	$1K	10x
BingX TAO-USDT	+0.0248%	4h	318.41	−0.167%	—	$37.0M	—	as long as short
Bybit TAOUSDT	+0.0252%	4h	318.44	−0.157%	$69.7M	$156.2M	50x	as long as short
Pacifica TAOlong	+0.0313%	1h	318.94	long leg	$362K	$427K	10x
GRVT TAO_USDT_Perp	+0.0316%	4h	317.65	−0.404%	$542K	$926K	10x	as long as short
Aster TAOUSDT	+0.0329%	4h	318.48	−0.145%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0336%	1h	318.27	−0.212%	$908K	$2.4M	25x	as long as short
Bullet TAO-USD	+0.0340%	1h	318.73	−0.067%	$12K	$17K	20x	as long as short
Lighter TAO	+0.0360%	1h	318.74	−0.063%	$1.6M	$6.8M	5x	as long as short
BloFin TAO-USDT	+0.0408%	4h	319.00	+0.018%	$4.7M	$11.0M	100x	as long as short
Nado TAO-PERP	+0.0410%	1h	319.17	+0.072%	$791K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	319.12	+0.056%	$103K	$389K	5x	as long as short
Variational Omni TAO	+0.0498%	4h	316.92	−0.635%	$5.6M	$10.3M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0513%	1h	318.56	−0.120%	$15K	$2.0M	25x	as long as short
Phemex TAOUSDT	+0.0540%	4h	318.32	−0.195%	$3.2M	$8.2M	50x	as long as short
Phoenix TAO	+0.0629%	1h	318.20	−0.233%	$317K	$703K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.92	−0.006%	$367	—	20x	as long as short
01 Exchange TAOUSD	+0.0712%	1h	319.56	+0.194%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0753%	1h	318.58	−0.114%	$297K	$905K	10x	as long as short
Hyperliquid TAO	+0.0757%	1h	318.67	−0.085%	$94.3M	$110.0M	5x	as long as short
RISEx TAO/USDC	+0.0831%	1h	318.86	−0.026%	$442K	$679K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0832%	1h	318.62	−0.101%	$6.0M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.76	+0.256%	$1.6M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	320.67	+0.542%	$23K	$2K	12x	as long as short