Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0255%/8h= +27.9% APRpaid last 24h +0.136%

Price spread now: Kraken Futures against Paradex−0.012%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 Kraken Futures

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$8 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	314.47	0.0192	pay 0.0192% / 8h	35m 50s	$14K	$1K	10x
Short	Kraken Futures PF_TAOUSD	314.43	0.0447	get 0.0056% / 1h	35m 50s	$5.8M	$19.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.012%Rate

Funding earned: $53.55
Price spread: −0.012% → 0.000%: −$1.22
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $38.33
Costs to cover: 0.140%
Break-even: 2.0 days

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 3 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 Kraken Futures live order book, 3 min ago	2.23 bp	8.9 bp −$9	27.9 bp −$279	94.6 bp −$9,460	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	−0.4478%	1h	313.97	−0.159%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.55	+0.025%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.25	−0.070%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.40	−0.022%	$23K	$261	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.80	+0.105%	$43K	$553K	20x	as long as short
Pacifica TAO	+0.0100%	1h	314.66	+0.061%	$373K	$369K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.48	+0.323%	$89.2M	$424.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.73	+0.401%	$61.9M	$124.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.60	+0.360%	$25.2M	$101.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.40	+0.296%	$12.8M	$49.4M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	315.49	+0.325%	$121.5M	$128.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.57	+0.032%	$19.0M	$27.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.42	+0.302%	$35.2M	$46.3M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.61	+0.363%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.99	−0.469%	$41K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.53	−0.616%	$526K	$948K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.99	−0.470%	$47K	$267K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.55	+0.024%	$11K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	314.51	+0.013%	$61K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.19	−0.089%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.62	+0.048%	$129K	$395K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.39	−0.025%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.67	+0.064%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	314.60	+0.042%	$1K	$546K	5x	as long as short
Polymarket Perps TAO-USD	+0.0129%	1h	314.97	+0.159%	$77K	$518K	5x	as long as short
Arcus TAO-USD	+0.0186%	1h	314.70	+0.073%	$83K	$606K	5x	as long as short
Paradex TAO-USD-PERPlong	+0.0192%	8h	314.47	long leg	$14K	$1K	10x
Variational Omni TAO	+0.0194%	4h	314.76	+0.092%	$4.0M	$7.0M	—	as long as short
Aster TAOUSDT	+0.0210%	4h	314.85	+0.122%	$1.1M	$7.9M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.35	−0.038%	$4.4M	$10.3M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0359%	1h	314.43	−0.012%	$52K	$1.5M	25x	as long as short
Kraken Futures PF_TAOUSDshort	+0.0447%	1h	314.43	−0.012%	$5.8M	$19.8M	50x
Nado TAO-PERP	+0.0468%	1h	314.99	+0.166%	$835K	$2.0M	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0477% / S −0.0175%	1h	314.30	−0.053%	$451K	—	100x	as long as short
Phoenix TAO	+0.0537%	1h	312.80	−0.531%	$327K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0545%	1h	314.69	+0.070%	$302K	$799K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	314.66	+0.062%	$362	—	20x	as long as short
01 Exchange TAOUSD	+0.0704%	1h	314.85	+0.121%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0872%	1h	315.37	+0.288%	$867K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.93	+0.147%	$1.5M	$5.8M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	314.59	+0.038%	$454K	$559K	5x	as long as short
Lighter TAO	+0.1352%	1h	314.98	+0.161%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.1847%	1h	316.01	+0.490%	$98.5M	$83.4M	5x	as long as short