Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.001%

Price spread now: Arcus against Paradex+0.177%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Arcus

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Arcus is 0.177% dearer against Paradex than usual: you sell high and buy low (spread +0.177% now, against zero (this spread has no 7-day history yet)): +$18 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 6.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	313.29	0.0196	pay 0.0196% / 8h	3h 32m	$15K	$992	10x
Short	Arcus TAO-USD	313.84	0.0100	get 0.0013% / 1h	32m 07s	$141K	$585K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.177%Rate

Funding earned: −$20.08
Price spread: +0.177% → 0.000%: $17.68
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$10.91
Costs to cover: 0.085%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Arcus: live order book, 17 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 Arcus live order book, 17 min ago	13.88 bp	18.4 bp −$18	30.2 bp −$302	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
Bulk TAO-USD	−1.0220%	1h	313.13	−0.049%	$209K	$54K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.15	−0.043%	$131K	$95K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	313.02	−0.084%	$27K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.31	+0.008%	$36K	$507K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.56	+0.087%	$365K	$396K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.18	+0.284%	$89.0M	$381.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.00	+0.228%	$25.8M	$89.1M	50x	as long as short
Arcus TAO-USDshort	+0.0100%	1h	313.84	+0.177%	$141K	$585K	5x
Gate TAO_USDT	+0.0100%	4h	314.30	+0.324%	$12.5M	$47.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.29	+0.320%	$106.2M	$115.2M	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	313.93	+0.205%	$20.2M	$24.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.31	+0.327%	$35.4M	$42.1M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.42	+0.362%	—	$29.9M	—	as long as short
Variational Omni TAO	+0.0100%	4h	313.60	+0.100%	$3.5M	$6.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.30	−0.315%	$40K	$274K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.48	+0.061%	$551K	$933K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.28	−0.321%	$48K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	313.15	−0.043%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.28	−0.002%	$60K	$277K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.55	+0.084%	$1K	$1.7M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.26	+0.311%	$125K	$354K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.12	+0.266%	$3.3M	$7.9M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.34	+0.017%	$90K	$636K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.74	+0.146%	$172K	$998	3x	as long as short
Bybit TAOUSDT	+0.0106%	4h	314.18	+0.285%	$60.3M	$112.0M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0119%	1h	313.38	+0.028%	$17K	$1.3M	25x	as long as short
Katana Perps TAO-USD	+0.0121%	8h	313.44	+0.049%	$896	$378K	5x	as long as short
Paradex TAO-USD-PERPlong	+0.0196%	8h	313.29	long leg	$15K	$992	10x
Aster TAOUSDT	+0.0215%	4h	313.73	+0.143%	$1.7M	$7.1M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.14	+0.273%	$4.3M	$9.4M	100x	as long as short
Phoenix TAO	+0.0365%	1h	313.20	−0.028%	$332K	$326K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0392%	1h	314.14	+0.271%	$6.3M	$17.8M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0490% / S −0.0188%	1h	312.93	−0.115%	$463K	—	100x	as long as short
Backpack TAO_USDC_PERP	+0.0576%	1h	314.81	+0.486%	$403K	$555K	10x	as long as short
Extended TAO-USD	+0.0584%	1h	313.59	+0.097%	$937K	$1.8M	25x	as long as short
01 Exchange TAOUSD	+0.0616%	1h	313.84	+0.177%	$3K	$4K	5x	as long as short
RISEx TAO/USDC	+0.0688%	1h	313.54	+0.081%	$411K	$526K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	313.15	−0.044%	$360	—	20x	as long as short
Nado TAO-PERP	+0.0699%	1h	313.23	−0.018%	$1.1M	$1.5M	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0936%	1h	313.71	+0.135%	$1.5M	$5.4M	50x	as long as short
Lighter TAO	+0.2016%	1h	315.14	+0.592%	$2.0M	$3.5M	5x	as long as short
Hyperliquid TAO	+0.2508%	1h	315.57	+0.729%	$96.0M	$66.8M	5x	as long as short
Injective TAO/USDC PERP	+0.3384%	1h	316.14	+0.911%	$23K	$137	12x	as long as short