Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0084%/8h= −9.2% APRpaid last 24h −0.011%

Price spread now: MEXC against Paradex−0.633%46s7-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 MEXC

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 −$3 a day on $10k at the current rate, and MEXC is 0.633% cheaper against Paradex than usual: you would sell low and buy high (−$63 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	315.51	0.0184	pay 0.0184% / 8h	4h 36m	$14K	$1K	10x
Short	MEXC TAO_USDT	313.51	0.0100	get 0.0050% / 4h	36m 57s	$105.8M	$142.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.633%Rate

Funding earned: −$17.55
Price spread: −0.633% → 0.000%: −$63.31
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee MEXC: 0 bp × 2 orders: $0
Net: −$84.86
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	0.48 bp	3.3 bp −$3	12.0 bp −$120	27.4 bp −$2,737	101.8 bp −$50.9K

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	−0.0482%	1h	315.13	−0.120%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.34	−0.053%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.72	−0.249%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.68	−0.263%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.82	−0.218%	$42K	$688K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.23	−0.723%	$90.3M	$491.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.00	−0.795%	$25.8M	$119.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.90	−0.826%	$12.8M	$49.7M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	313.51	−0.633%	$105.8M	$142.8M	300x
KuCoin TAOUSDTM	+0.0100%	4h	313.23	−0.722%	$17.4M	$31.7M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	313.10	−0.763%	$35.0M	$56.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.76	+0.081%	$35K	$303K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.75	+0.077%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.99	−0.164%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.08	−0.135%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.81	−0.221%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.81	−0.221%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.72	−0.250%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	314.95	−0.177%	$645	$787K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0104%	4h	316.85	+0.426%	$528K	$944K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.79	−0.227%	$173K	$998	3x	as long as short
Bybit TAOUSDT	+0.0110%	4h	313.17	−0.741%	$68.3M	$147.3M	50x	as long as short
BingX TAO-USDT	+0.0116%	4h	313.07	−0.773%	—	$30.0M	—	as long as short
Orderly PERP_TAO_USDC	+0.0127%	4h	314.56	−0.300%	$57K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0150% / S +0.0123%	1h	314.63	−0.278%	$419K	—	100x	as long as short
Paradex TAO-USD-PERPlong	+0.0184%	8h	315.51	long leg	$14K	$1K	10x
Nado TAO-PERP	+0.0185%	1h	315.02	−0.154%	$803K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0207%	4h	313.98	−0.485%	$1.2M	$10.2M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0231%	1h	314.61	−0.284%	$11K	$1.6M	25x	as long as short
Hyperliquid TAO	+0.0255%	1h	314.04	−0.465%	$92.8M	$105.8M	5x	as long as short
01 Exchange TAOUSD	+0.0256%	1h	315.19	−0.101%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0272%	1h	313.37	−0.678%	$917K	$2.4M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0337%	1h	313.89	−0.513%	$314K	$913K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.41	−0.348%	$4.5M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.49	−0.006%	$99K	$488K	5x	as long as short
Pacifica TAO	+0.0365%	1h	315.46	−0.016%	$360K	$411K	10x	as long as short
Lighter TAO	+0.0408%	1h	314.89	−0.195%	$1.5M	$6.5M	5x	as long as short
Phoenix TAO	+0.0581%	1h	317.30	+0.568%	$316K	$697K	5x	as long as short
Variational Omni TAO	+0.0615%	4h	315.95	+0.139%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.10	−0.129%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.16	−0.110%	$437K	$656K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.66	+0.048%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.92	+1.399%	$23K	$2K	12x	as long as short