Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0098%/8hpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Paradex−0.032%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 gTrade (Gains Network)

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

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.032% cheaper against Paradex than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	292.24	0.0105	pay 0.0105% / 8h	4h 22m	$14K	$376	10x
Short	gTrade (Gains Network) TAO/USD	292.14	L +0.0004% / S −0.0007%	get 0.0001% / 1h	22m 57s	$28K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.032%Rate

Funding earned: −$20.55
Price spread: −0.032% → 0.000%: −$3.24
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$37.8
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; gTrade (Gains Network): 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 Paradex no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Paradex and gTrade (Gains Network): 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	−0.0948%	1h	288.22	−1.376%	$190K	$44K	10x	as long as short
Kraken Futures PF_TAOUSD	−0.0159%	1h	292.38	+0.047%	$5.3M	$13.8M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	292.40	+0.055%	$75K	$35K	5x	as long as short
gTrade (Gains Network) TAO/USDshort	L +0.0004% / S −0.0007%	1h	292.14	−0.032%	$28K	—	150x
Popdex TAOUSDT	+0.0096%	1h	292.20	−0.014%	$33K	$476K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	292.26	+0.005%	$1.7M	$4.9M	50x	as long as short
Pacifica TAO	+0.0100%	1h	292.39	+0.050%	$339K	$373K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	292.25	+0.002%	$79.4M	$333.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	292.18	−0.020%	$51.2M	$87.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	292.20	−0.014%	$23.3M	$71.3M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TAO-USD	+0.0100%	1h	292.56	+0.110%	$128K	$579K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	291.90	−0.116%	$11.6M	$44.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	292.25	+0.003%	$104.6M	$105.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	292.26	+0.007%	$19.7M	$21.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	292.17	−0.024%	$33.1M	$36.8M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	292.18	−0.020%	—	$29.7M	—	as long as short
Variational Omni TAO	+0.0100%	4h	294.61	+0.812%	$3.2M	$5.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	293.87	+0.558%	$38K	$272K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	294.38	+0.732%	$516K	$871K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	293.54	+0.445%	$44K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	292.40	+0.055%	$83K	$506K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	292.23	−0.003%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	292.08	−0.055%	$54K	$235K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	292.06	−0.062%	$1K	$1.6M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	292.33	+0.031%	$122K	$312K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	292.15	−0.031%	$3.1M	$7.5M	50x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	292.37	+0.045%	$3K	$339K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	292.30	+0.020%	$161K	$998	3x	as long as short
Paradex TAO-USD-PERPlong	+0.0105%	8h	292.24	long leg	$14K	$376	10x
Deribit TAO_USDC-PERPETUAL	+0.0135%	1h	292.29	+0.016%	$23K	$1.0M	25x	as long as short
Extended TAO-USD	+0.0168%	1h	292.27	+0.009%	$805K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0170%	1h	292.26	+0.007%	$1.0M	$1.3M	10x	as long as short
Phoenix TAO	+0.0336%	1h	294.20	+0.671%	$312K	$158K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	292.24	0.000%	$4.0M	$7.2M	100x	as long as short
01 Exchange TAOUSD	+0.0432%	1h	292.46	+0.075%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0440%	1h	292.55	+0.106%	$1.3M	$2.4M	5x	as long as short
RISEx TAO/USDC	+0.0478%	1h	292.31	+0.025%	$336K	$451K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0480% / S −0.0195%	1h	292.17	−0.022%	$440K	—	100x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	292.13	−0.038%	$336	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0872%	1h	293.09	+0.291%	$1.5M	$4.2M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0893%	1h	292.59	+0.120%	$405K	$498K	10x	as long as short
Hyperliquid TAO	+0.1296%	1h	292.75	+0.175%	$83.5M	$55.4M	5x	as long as short
Injective TAO/USDC PERP	+0.2947%	1h	291.06	−0.404%	$21K	$39K	12x	as long as short