Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h +0.007%

Price spread now: Pacifica against Paradex+0.030%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Pacifica

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 · Pacifica: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.030% dearer against Paradex than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	318.13	0.0252	pay 0.0252% / 8h	16m 54s	$14K	$1K	10x
Short	Pacifica TAO	318.22	0.0313	get 0.0039% / 1h	16m 54s	$373K	$466K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.030%Rate

Funding earned: $12.79
Price spread: +0.030% → 0.000%: $2.98
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $3.77
Costs to cover: 0.120%
Break-even: 4.9 days

Slippage unknown: Paradex: no order-book sample; Pacifica: live order book, 22 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 Pacifica live order book, 22 min ago	3.47 bp	doesn't fit	doesn't fit	doesn't fit	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.62	−0.159%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0073%	1h	317.94	−0.057%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.92	−0.065%	$45K	$714K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.00	−0.039%	$26.5M	$131.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.80	−0.102%	$14.7M	$52.0M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.93	−0.061%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.72	−0.127%	$35.7M	$57.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.50	−0.197%	$46K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.85	−0.087%	$88K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.66	−0.146%	$2K	$2.0M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	317.27	−0.269%	$116K	$602K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0104% / S +0.0139%	1h	317.55	−0.181%	$405K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	317.72	−0.127%	$2K	$1.1M	5x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.09	−0.011%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0168%	4h	317.91	−0.068%	$52K	$294K	10x	as long as short
edgeX TAOUSDC	+0.0171%	4h	317.59	−0.167%	$42K	$320K	10x	as long as short
MEXC TAO_USDT	+0.0176%	4h	318.04	−0.027%	$103.2M	$152.4M	300x	as long as short
Binance TAOUSDT	+0.0185%	4h	318.03	−0.031%	$92.0M	$531.5M	75x	as long as short
Paradex TAO-USD-PERPlong	+0.0252%	8h	318.13	long leg	$14K	$1K	10x
BingX TAO-USDT	+0.0258%	4h	318.07	−0.017%	—	$37.3M	—	as long as short
Bybit TAOUSDT	+0.0260%	4h	318.16	+0.011%	$69.7M	$156.9M	50x	as long as short
Bullet TAO-USD	+0.0284%	1h	317.90	−0.071%	$12K	$17K	20x	as long as short
Pacifica TAOshort	+0.0313%	1h	318.22	+0.030%	$373K	$466K	10x
GRVT TAO_USDT_Perp	+0.0324%	4h	317.89	−0.074%	$541K	$907K	10x	as long as short
Aster TAOUSDT	+0.0347%	4h	317.99	−0.043%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0376%	1h	318.02	−0.032%	$903K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0425%	4h	318.03	−0.030%	$4.7M	$10.9M	100x	as long as short
Phemex TAOUSDT	+0.0431%	4h	317.84	−0.090%	$3.2M	$8.2M	50x	as long as short
Nado TAO-PERP	+0.0464%	1h	318.08	−0.013%	$784K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0469%	1h	317.88	−0.077%	$15K	$1.9M	25x	as long as short
Arcus TAO-USD	+0.0473%	1h	318.33	+0.064%	$100K	$384K	5x	as long as short
Lighter TAO	+0.0544%	1h	318.09	−0.010%	$1.6M	$6.9M	5x	as long as short
Variational Omni TAO	+0.0557%	4h	315.52	−0.819%	$5.5M	$10.2M	—	as long as short
Phoenix TAO	+0.0629%	1h	318.40	+0.086%	$320K	$703K	5x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	318.17	+0.014%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0683%	1h	317.96	−0.052%	$296K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.96	−0.053%	$366	—	20x	as long as short
Hyperliquid TAO	+0.0710%	1h	318.02	−0.033%	$93.9M	$110.5M	5x	as long as short
RISEx TAO/USDC	+0.0831%	1h	318.06	−0.021%	$450K	$655K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0834%	1h	317.88	−0.077%	$6.0M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.99	−0.043%	$1.4M	$7.0M	50x	as long as short
Bulk TAO-USD	+0.1572%	1h	317.17	−0.300%	$169K	$0	10x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	318.80	+0.212%	$23K	$2K	12x	as long as short