Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0091%/8h= +9.9% APRpaid last 24h −0.008%

Price spread now: ApeX Omni against Paradex−0.151%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on ApeX Omni

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

Funding pays, the price is against you. ApeX Omni is 0.151% cheaper against Paradex than usual: you would sell low and buy high (spread −0.151% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 5.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	313.83	0.0269	pay 0.0269% / 8h	2h 24m	$14K	$1K	10x
Short	ApeX Omni TAOUSDT	313.36	0.0359	get 0.0045% / 1h	24m 57s	$44K	$256K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Paradex. 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 ParadexbpFee ApeX OmnibpOrdersPrice spread, now −0.151%Rate

Funding earned: $19.06
Price spread: −0.151% → 0.000%: −$15.07
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$10.01
Costs to cover: 0.140%
Break-even: 10.7 days

Slippage unknown: Paradex: no order-book sample; ApeX Omni: live order book, 22 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell ApeX Omni live order book, 22 min ago	5.58 bp	13.1 bp −$13	121.9 bp −$1,219	doesn't fit	doesn't fit

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 −0.0004%	1h	313.81	−0.007%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0045%	1h	313.24	−0.190%	$125K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.27	+0.138%	$90.2M	$508.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.30	+0.149%	$26.3M	$122.5M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	313.47	−0.115%	$167K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.70	−0.042%	$14.0M	$51.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.79	−0.014%	$108.4M	$145.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.77	−0.020%	$17.3M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.28	+0.142%	$35.4M	$57.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.26	−0.183%	$41K	$314K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.92	+0.028%	$90K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.96	+0.041%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.54	−0.093%	$113K	$554K	20x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	314.07	+0.076%	$643	$928K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.08	+0.077%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0122%	4h	314.15	+0.101%	$52K	$290K	10x	as long as short
Popdex TAOUSDT	+0.0128%	1h	314.15	+0.101%	$51K	$668K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0128% / S +0.0140%	1h	313.81	−0.007%	$420K	—	100x	as long as short
Phemex TAOUSDT	+0.0192%	4h	313.96	+0.041%	$3.2M	$8.0M	50x	as long as short
Aster TAOUSDT	+0.0207%	4h	314.11	+0.090%	$1.3M	$10.6M	50x	as long as short
Pacifica TAO	+0.0233%	1h	313.54	−0.095%	$357K	$419K	10x	as long as short
Nado TAO-PERP	+0.0268%	1h	314.20	+0.118%	$775K	$2.2M	10x	as long as short
Paradex TAO-USD-PERPlong	+0.0269%	8h	313.83	long leg	$14K	$1K	10x
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.19	+0.115%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0325%	1h	314.15	+0.102%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.97	+0.044%	$4.6M	$10.9M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0348%	4h	314.02	+0.059%	$533K	$923K	10x	as long as short
ApeX Omni TAOUSDTshort	+0.0359%	1h	313.36	−0.151%	$44K	$256K	50x
Bybit TAOUSDT	+0.0423%	4h	314.31	+0.152%	$68.3M	$152.4M	50x	as long as short
BingX TAO-USDT	+0.0430%	4h	314.17	+0.107%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0439%	4h	313.02	−0.260%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0480%	1h	313.75	−0.028%	$896K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	314.38	+0.174%	$101K	$345K	5x	as long as short
Phoenix TAO	+0.0513%	1h	313.30	−0.170%	$312K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0644%	1h	314.10	+0.084%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.07	+0.075%	$361	—	20x	as long as short
01 Exchange TAOUSD	+0.0760%	1h	314.46	+0.200%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0768%	1h	314.34	+0.161%	$1.5M	$6.6M	5x	as long as short
Hyperliquid TAO	+0.0802%	1h	314.23	+0.127%	$91.8M	$109.1M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0812%	1h	314.16	+0.104%	$312K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	315.03	+0.381%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	314.18	+0.112%	$455K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	319.48	+1.799%	$23K	$2K	12x	as long as short