Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h −0.011%

Price spread now: Gate against Paradex−0.090%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 Gate

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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Gate is 0.090% cheaper against Paradex than usual: you would sell low and buy high (−$9 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	320.09	0.0264	pay 0.0264% / 8h	1h 29m	$15K	$1K	10x
Short	Gate TAO_USDT	319.80	0.0100	get 0.0050% / 4h	1h 29m	$14.3M	$51.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.090%Rate

Funding earned: −$34.5
Price spread: −0.090% → 0.000%: −$9.04
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$62.53
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Gate: live order book, 4 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 Gate live order book, 4 min ago	1.56 bp	16.2 bp −$16	41.3 bp −$413	75.0 bp −$7,496	123.8 bp −$61.9K

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	−0.1995%	1h	319.47	−0.193%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.13	−0.300%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.23	−0.270%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.09	0.000%	$42K	$706K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.00	−0.028%	$26.7M	$129.9M	50x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	319.80	−0.090%	$14.3M	$51.9M	50x
KuCoin TAOUSDTM	+0.0100%	4h	319.89	−0.062%	$17.9M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.24	−0.265%	$35.9M	$58.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.35	+0.081%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.94	−0.047%	$96K	$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	319.16	−0.290%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.05	−0.325%	$118K	$590K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	319.87	−0.068%	$1K	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0118% / S +0.0149%	1h	319.56	−0.165%	$427K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	320.01	−0.024%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0122%	4h	319.82	−0.084%	$53K	$292K	10x	as long as short
edgeX TAOUSDC	+0.0165%	4h	319.82	−0.086%	$42K	$318K	10x	as long as short
MEXC TAO_USDT	+0.0170%	4h	320.03	−0.019%	$105.8M	$150.1M	300x	as long as short
Binance TAOUSDT	+0.0170%	4h	320.08	−0.003%	$92.7M	$529.1M	75x	as long as short
Paradex TAO-USD-PERPlong	+0.0264%	8h	320.09	long leg	$15K	$1K	10x
Phemex TAOUSDT	+0.0315%	4h	320.13	+0.013%	$3.3M	$8.1M	50x	as long as short
Bybit TAOUSDT	+0.0325%	4h	320.15	+0.019%	$70.1M	$156.1M	50x	as long as short
Aster TAOUSDT	+0.0333%	4h	320.14	+0.015%	$1.3M	$10.9M	50x	as long as short
BingX TAO-USDT	+0.0350%	4h	320.09	0.000%	—	$34.5M	—	as long as short
Bullet TAO-USD	+0.0389%	1h	319.87	−0.069%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0396%	4h	319.57	−0.161%	$544K	$940K	10x	as long as short
BloFin TAO-USDT	+0.0409%	4h	319.67	−0.131%	$4.7M	$11.1M	100x	as long as short
Extended TAO-USD	+0.0464%	1h	320.00	−0.029%	$916K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	320.07	−0.006%	$364K	$423K	10x	as long as short
Variational Omni TAO	+0.0541%	4h	320.05	−0.013%	$5.7M	$10.2M	—	as long as short
Nado TAO-PERP	+0.0551%	1h	319.98	−0.035%	$799K	$2.0M	10x	as long as short
Phoenix TAO	+0.0567%	1h	319.20	−0.278%	$318K	$709K	5x	as long as short
Hyperliquid TAO	+0.0627%	1h	319.85	−0.075%	$94.5M	$110.3M	5x	as long as short
01 Exchange TAOUSD	+0.0632%	1h	320.34	+0.078%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.31	+0.069%	$103K	$394K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.63	−0.145%	$368	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0698%	1h	319.75	−0.106%	$298K	$905K	10x	as long as short
Lighter TAO	+0.0768%	1h	319.97	−0.037%	$1.5M	$6.7M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0883%	1h	319.84	−0.079%	$16K	$1.9M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	319.86	−0.072%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	319.41	−0.212%	$457K	$666K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1154%	1h	319.95	−0.044%	$6.0M	$21.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.44	+1.047%	$24K	$2K	12x	as long as short