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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC−0.0045%/8h= −4.9% APRnext payment −$0.45 per $10,000 · paid last 24h −0.010%
Price spread now: Katana Perps against Paradex+0.110%57s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ParadexShort on Katana Perps
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
The price spread pays, funding is against you. Katana Perps is 0.110% dearer against Paradex than usual: you sell high and buy low (spread +0.110% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.2 days. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex TAO-USD-PERP311.530.0143pay 0.0143% / 8h3h 43m$14K$1K10x
ShortKatana Perps TAO-USD311.870.0098get 0.0098% / 8h3h 43m$2K$813K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Katana Perps 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

Funding earned
−$9.38
Price spread: +0.110% → 0.000%
$11.05
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Katana Perps: 1.9 bp × 2 orders
−$3.8
Net
−$6.13
Costs to cover
0.078%
Break-even
from the start
Slippage unknown: Paradex: no order-book sample; Katana Perps: 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
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample—————
Sell Katana Perps no order-book sample—————
Paradex and Katana Perps: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_TAOUSD−0.0348%1h311.84+0.099%$5.5M$20.7M50xas long as short
dYdX TAO-USD0.0000%1h311.44−0.028%$124K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h311.72+0.063%$20K—150xas long as short
Popdex TAOUSDT+0.0096%1h311.85+0.104%$45K$656K20xas long as short
Katana Perps TAO-USDshort+0.0098%8h311.87+0.110%$2K$813K5x
Pacifica TAO+0.0100%1h311.72+0.063%$356K$413K10xas long as short
Binance TAOUSDT+0.0100%4h311.70+0.057%$89.5M$498.1M75xas long as short
Bybit TAOUSDT+0.0100%4h311.82+0.094%$67.1M$150.0M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h311.90+0.120%$25.9M$120.3M50xas long as short
Bulk TAO-USD+0.0100%1h315.10+1.147%$167K$2K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TAO_USDT+0.0100%4h311.40−0.040%$13.0M$49.6M50xas long as short
MEXC TAO_USDT+0.0100%4h311.65+0.040%$101.0M$144.2M300xas long as short
KuCoin TAOUSDTM+0.0100%4h311.53+0.001%$17.8M$31.3M75xas long as short
Bitget TAOUSDT+0.0100%4h311.33−0.063%$34.8M$56.6M50xas long as short
BingX TAO-USDT+0.0100%4h311.58+0.017%—$33.1M—as long as short
edgeX TAOUSDC+0.0100%4h312.19+0.215%$41K$314K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h311.93+0.129%$529K$955K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h311.96+0.139%$46K$254K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h311.74+0.069%$82K$870K5xas long as short
Bullet TAO-USD+0.0100%1h312.03+0.162%$11K$18K20xas long as short
SunX TAO-USDT+0.0100%4h311.88+0.114%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h311.42−0.034%$109K$537K20xas long as short
Aevo TAO-PERP+0.0104%1h311.89+0.116%$171K$9983xas long as short
Orderly PERP_TAO_USDC+0.0114%4h311.78+0.082%$52K$270K10xas long as short
Aster TAOUSDT+0.0115%4h311.60+0.024%$1.2M$10.4M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0141% / S +0.0131%1h311.71+0.059%$415K—100xas long as short
Paradex TAO-USD-PERPlong+0.0143%8h311.53long leg$14K$1K10x
Extended TAO-USD+0.0184%1h311.70+0.055%$913K$2.4M25xas long as short
Arcus TAO-USD+0.0231%1h311.78+0.082%$101K$392K5xas long as short
Hyperliquid TAO+0.0235%1h311.74+0.069%$91.5M$107.3M5xas long as short
Nado TAO-PERP+0.0263%1h311.92+0.127%$790K$2.2M10xas long as short
Variational Omni TAO+0.0324%4h312.10+0.184%$5.5M$10.0M—as long as short
BloFin TAO-USDT+0.0340%4h312.24+0.229%$4.5M$10.8M100xas long as short
Phemex TAOUSDT+0.0366%4h311.93+0.130%$3.2M$8.1M50xas long as short
Lighter TAO+0.0408%1h311.85+0.105%$1.5M$6.5M5xas long as short
Backpack TAO_USDC_PERP+0.0409%1h312.04+0.165%$310K$906K10xas long as short
01 Exchange TAOUSD+0.0416%1h311.85+0.104%$3K$4K5xas long as short
Phoenix TAO+0.0457%1h312.50+0.313%$311K$711K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0530%1h311.92+0.127%$29K$1.8M25xas long as short
Reya TAORUSDPERP+0.0697%1h311.94+0.132%$359—20xas long as short
RISEx TAO/USDC+0.0816%1h311.65+0.039%$433K$650K5xas long as short
Coinbase International TAO-PERP-INTX+0.0952%1h312.52+0.319%$1.5M$6.8M50xas long as short
Injective TAO/USDC PERP+0.4092%1h317.38+1.879%$23K$2K12xas long as short