Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0396%/8h= +43.4% APRpaid last 24h +0.073%

Price spread now: 01 Exchange against Paradex−0.117%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 01 Exchange

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

Funding pays, the price is against you. 01 Exchange is 0.117% cheaper against Paradex than usual: you would sell low and buy high (spread −0.117% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 24 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	315.26	0.0228	pay 0.0228% / 8h	5h 02m	$14K	$1K	10x
Short	01 Exchange TAOUSD	314.89	0.0624	get 0.0078% / 1h	2m 09s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.117%Rate

Funding earned: $83.19
Price spread: −0.117% → 0.000%: −$11.72
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $60.46
Costs to cover: 0.110%
Break-even: 1.9 days

Slippage unknown: Paradex: no order-book sample; 01 Exchange: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell 01 Exchange no order-book sample	—	—	—	—	—

Paradex and 01 Exchange: 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	−0.0766%	1h	316.69	+0.452%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.34	+0.026%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.94	−0.101%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.63	−0.200%	$40K	$683K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.37	+0.036%	$91.5M	$487.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.30	+0.013%	$26.0M	$118.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.10	−0.051%	$12.9M	$50.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.41	+0.048%	$104.3M	$144.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.30	+0.013%	$17.5M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.23	−0.009%	$35.1M	$55.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.23	+0.308%	$35K	$303K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.65	−0.193%	$88K	$791K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.97	−0.092%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.75	−0.162%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.57	+0.098%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.10	−0.050%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	314.33	−0.295%	$2K	$780K	5x	as long as short
Bullet TAO-USD	+0.0116%	1h	315.09	−0.054%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0126%	4h	315.30	+0.013%	$57K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0155% / S +0.0113%	1h	314.96	−0.095%	$426K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0160%	4h	316.72	+0.462%	$527K	$965K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0195%	1h	315.32	+0.019%	$15K	$1.7M	25x	as long as short
Paradex TAO-USD-PERPlong	+0.0228%	8h	315.26	long leg	$14K	$1K	10x
Kraken Futures PF_TAOUSD	+0.0249%	1h	315.45	+0.060%	$5.6M	$20.7M	50x	as long as short
Aster TAOUSDT	+0.0256%	4h	314.85	−0.129%	$1.2M	$10.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0299%	1h	316.57	+0.416%	$46K	$252K	50x	as long as short
Bybit TAOUSDT	+0.0336%	4h	315.55	+0.092%	$69.3M	$145.5M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.10	+0.267%	$4.5M	$10.9M	100x	as long as short
BingX TAO-USDT	+0.0366%	4h	315.36	+0.032%	—	$30.4M	—	as long as short
Pacifica TAO	+0.0448%	1h	315.37	+0.035%	$371K	$413K	10x	as long as short
Phoenix TAO	+0.0504%	1h	316.50	+0.393%	$331K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	315.39	+0.041%	$99K	$488K	5x	as long as short
Extended TAO-USD	+0.0528%	1h	315.37	+0.036%	$922K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0556%	1h	314.61	−0.205%	$841K	$2.2M	10x	as long as short
01 Exchange TAOUSDshort	+0.0624%	1h	314.89	−0.117%	$3K	$4K	5x
Reya TAORUSDPERP	+0.0696%	1h	314.66	−0.189%	$362	—	20x	as long as short
Lighter TAO	+0.0704%	1h	315.62	+0.113%	$1.6M	$6.4M	5x	as long as short
Variational Omni TAO	+0.0758%	4h	315.94	+0.217%	$5.9M	$9.8M	—	as long as short
Backpack TAO_USDC_PERP	+0.0791%	1h	315.48	+0.070%	$313K	$924K	10x	as long as short
Hyperliquid TAO	+0.0894%	1h	315.54	+0.089%	$95.0M	$104.4M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	316.39	+0.359%	$1.5M	$6.6M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	315.02	−0.074%	$434K	$659K	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	321.62	+2.018%	$23K	$2K	12x	as long as short