Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0182%/8h= +19.9% APRpaid last 24h +0.061%

Price spread now: BloFin against Paradex−0.065%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 BloFin

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. BloFin is 0.065% cheaper against Paradex than usual: you would sell low and buy high (spread −0.065% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 29 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	313.60	0.0158	pay 0.0158% / 8h	3h 17m	$14K	$1K	10x
Short	BloFin TAO-USDT	313.40	0.0340	get 0.0170% / 4h	3h 17m	$4.5M	$10.8M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.065%Rate

Funding earned: $38.12
Price spread: −0.065% → 0.000%: −$6.52
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee BloFin: 6 bp × 2 orders: −$12
Net: $15.6
Costs to cover: 0.160%
Break-even: 4.1 days

Slippage unknown: Paradex: no order-book sample; BloFin: live order book, 6 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 BloFin live order book, 6 min ago	3.54 bp	10.7 bp −$11	18.6 bp −$186	31.1 bp −$3,110	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
Kraken Futures PF_TAOUSD	−0.0346%	1h	313.37	−0.075%	$5.6M	$20.7M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.03	−0.182%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0011%	1h	313.26	−0.109%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.36	−0.078%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	313.30	−0.097%	$641	$845K	5x	as long as short
Pacifica TAO	+0.0100%	1h	313.66	+0.018%	$357K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.00	−0.193%	$89.6M	$501.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.70	−0.288%	$26.1M	$121.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.00	−0.193%	$13.3M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.80	−0.256%	$102.5M	$145.5M	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	313.28	−0.103%	$17.9M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.07	−0.170%	$35.1M	$56.5M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.63	−0.630%	$41K	$314K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.55	−0.656%	$529K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.33	−0.406%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.18	−0.135%	$79K	$901K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	313.38	−0.070%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.16	−0.142%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.03	−0.183%	$111K	$542K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.17	−0.138%	$3.1M	$8.0M	50x	as long as short
BingX TAO-USDT	+0.0104%	4h	313.34	−0.084%	—	$33.7M	—	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.49	−0.038%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	313.31	−0.094%	$52K	$290K	10x	as long as short
Aster TAOUSDT	+0.0124%	4h	313.55	−0.016%	$1.3M	$10.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0136% / S +0.0136%	1h	313.04	−0.178%	$416K	—	100x	as long as short
Paradex TAO-USD-PERPlong	+0.0158%	8h	313.60	long leg	$14K	$1K	10x
Bybit TAOUSDT	+0.0161%	4h	312.90	−0.225%	$67.4M	$150.5M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	313.73	+0.040%	$102K	$394K	5x	as long as short
Variational Omni TAO	+0.0308%	4h	311.97	−0.521%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0320%	1h	313.29	−0.100%	$914K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0329%	1h	313.29	−0.099%	$791K	$2.2M	10x	as long as short
BloFin TAO-USDTshort	+0.0340%	4h	313.40	−0.065%	$4.5M	$10.8M	100x
Phoenix TAO	+0.0457%	1h	313.70	+0.031%	$312K	$711K	5x	as long as short
Hyperliquid TAO	+0.0473%	1h	313.51	−0.030%	$92.1M	$107.8M	5x	as long as short
01 Exchange TAOUSD	+0.0488%	1h	313.74	+0.043%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0498%	1h	313.42	−0.059%	$311K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0554%	1h	313.31	−0.094%	$13K	$1.8M	25x	as long as short
Lighter TAO	+0.0632%	1h	313.65	+0.015%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.34	−0.086%	$360	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	313.52	−0.027%	$444K	$647K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	−0.855%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	314.25	+0.206%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	316.67	+0.978%	$23K	$2K	12x	as long as short