Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0171%/8h= −18.7% APRpaid last 24h −0.009%

Price spread now: Polymarket Perps against Paradex−0.084%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 Polymarket 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

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Polymarket Perps is 0.084% cheaper against Paradex than usual: you would sell low and buy high (−$8 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	320.75	0.0271	pay 0.0271% / 8h	1h 15m	$15K	$1K	10x
Short	Polymarket Perps TAO-USD	320.48	0.0100	get 0.0013% / 1h	15m 42s	$85K	$1.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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

Position, each leg$Hold fordaysFee ParadexbpFee Polymarket PerpsbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$35.89
Price spread: −0.084% → 0.000%: −$8.38
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$56.27
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Polymarket Perps: 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 Polymarket Perps live order book, 2 min ago	2.80 bp	6.8 bp −$7	7.3 bp −$73	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
Bulk TAO-USD	−0.2264%	1h	322.24	+0.466%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	320.84	+0.027%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	320.52	−0.072%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.57	−0.056%	$44K	$705K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	321.30	+0.172%	$27.0M	$130.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.70	−0.015%	$14.4M	$52.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.52	−0.071%	$17.9M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	321.05	+0.094%	$36.1M	$58.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	322.46	+0.534%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	320.48	−0.084%	$85K	$1.2M	5x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	320.27	−0.149%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.25	−0.155%	$116K	$598K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	320.48	−0.084%	$1K	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0115% / S +0.0152%	1h	320.31	−0.137%	$428K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0126%	4h	320.40	−0.109%	$53K	$293K	10x	as long as short
Aevo TAO-PERP	+0.0128%	1h	320.57	−0.054%	$176K	$998	3x	as long as short
Binance TAOUSDT	+0.0197%	4h	321.32	+0.179%	$93.3M	$527.9M	75x	as long as short
MEXC TAO_USDT	+0.0202%	4h	320.86	+0.035%	$107.1M	$151.1M	300x	as long as short
edgeX TAOUSDC	+0.0208%	4h	321.96	+0.378%	$43K	$318K	10x	as long as short
Paradex TAO-USD-PERPlong	+0.0271%	8h	320.75	long leg	$15K	$1K	10x
Bybit TAOUSDT	+0.0297%	4h	321.40	+0.203%	$70.6M	$156.0M	50x	as long as short
BingX TAO-USDT	+0.0316%	4h	321.04	+0.091%	—	$34.9M	—	as long as short
Bullet TAO-USD	+0.0353%	1h	320.61	−0.043%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0363%	4h	321.17	+0.133%	$1.3M	$10.9M	50x	as long as short
Phemex TAOUSDT	+0.0375%	4h	320.64	−0.034%	$3.3M	$8.1M	50x	as long as short
Extended TAO-USD	+0.0416%	1h	320.77	+0.006%	$913K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0418%	4h	321.37	+0.192%	$545K	$937K	10x	as long as short
BloFin TAO-USDT	+0.0443%	4h	320.92	+0.053%	$4.7M	$11.1M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0485%	1h	320.46	−0.090%	$15K	$2.0M	25x	as long as short
Variational Omni TAO	+0.0519%	4h	320.56	−0.059%	$5.7M	$10.2M	—	as long as short
Nado TAO-PERP	+0.0523%	1h	320.50	−0.076%	$797K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	321.39	+0.201%	$366K	$428K	10x	as long as short
Phoenix TAO	+0.0567%	1h	322.20	+0.452%	$321K	$709K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.85	+0.032%	$103K	$389K	5x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	320.86	+0.035%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0649%	1h	321.41	+0.206%	$95.1M	$110.0M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	320.74	−0.004%	$369	—	20x	as long as short
Lighter TAO	+0.0704%	1h	321.50	+0.234%	$1.6M	$6.8M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0715%	1h	320.61	−0.043%	$299K	$905K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	322.77	+0.630%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	320.49	−0.081%	$448K	$671K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1151%	1h	320.72	−0.009%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	325.94	+1.619%	$24K	$2K	12x	as long as short