Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0136%/8h= +14.9% APRpaid last 24h +0.013%

Price spread now: Paradex against Popdex+0.014%7-day average — · you sell dearer than you buy

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

Long on Popdex Short on Paradex

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: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex TAOUSDT	315.02	0.0136	pay 0.0017% / 1h	24m 27s	$52K	$669K	20x
Short	Paradex TAO-USD-PERP	315.06	0.0272	get 0.0272% / 8h	2h 24m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Popdex. 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 PopdexbpFee ParadexbpOrdersPrice spread, now +0.014%Rate

Funding earned: $28.59
Price spread: +0.014% → 0.000%: $1.38
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Paradex: 2 bp × 2 orders: −$4
Net: $19.57
Costs to cover: 0.104%
Break-even: 2.2 days

Slippage unknown: Popdex: live order book, 25 min ago; Paradex: 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 Popdex live order book, 25 min ago	0.96 bp	7.4 bp −$7	68.8 bp −$688	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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 −0.0004%	1h	314.31	−0.224%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0044%	1h	314.36	−0.210%	$125K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.53	−0.156%	$90.3M	$508.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.40	−0.197%	$26.3M	$122.5M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	313.47	−0.492%	$167K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.40	−0.197%	$14.0M	$51.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.83	−0.060%	$108.8M	$146.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.82	−0.063%	$17.4M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.04	−0.311%	$35.5M	$57.1M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.26	−0.559%	$41K	$314K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	314.78	−0.076%	$90K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.38	−0.203%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.54	−0.470%	$113K	$554K	20x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	314.72	−0.095%	$644	$928K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.42	−0.190%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0122%	4h	314.41	−0.194%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0128% / S +0.0140%	1h	314.29	−0.232%	$421K	—	100x	as long as short
Popdex TAOUSDTlong	+0.0136%	1h	315.02	long leg	$52K	$669K	20x
Phemex TAOUSDT	+0.0192%	4h	313.96	−0.336%	$3.2M	$8.0M	50x	as long as short
Aster TAOUSDT	+0.0211%	4h	314.31	−0.224%	$1.3M	$10.6M	50x	as long as short
Pacifica TAO	+0.0233%	1h	314.76	−0.083%	$358K	$419K	10x	as long as short
Nado TAO-PERP	+0.0265%	1h	315.03	+0.002%	$777K	$2.2M	10x	as long as short
Paradex TAO-USD-PERPshort	+0.0272%	8h	315.06	+0.014%	$14K	$1K	10x
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.36	−0.211%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0327%	1h	314.78	−0.077%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.97	−0.333%	$4.6M	$10.9M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0348%	4h	314.02	−0.318%	$533K	$923K	10x	as long as short
ApeX Omni TAOUSDT	+0.0359%	1h	313.36	−0.527%	$44K	$256K	50x	as long as short
Bybit TAOUSDT	+0.0423%	4h	314.62	−0.127%	$68.4M	$152.5M	50x	as long as short
BingX TAO-USDT	+0.0430%	4h	314.66	−0.114%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0439%	4h	313.02	−0.635%	$5.5M	$10.1M	—	as long as short
Arcus TAO-USD	+0.0483%	1h	315.13	+0.035%	$101K	$345K	5x	as long as short
Extended TAO-USD	+0.0488%	1h	314.19	−0.262%	$896K	$2.4M	25x	as long as short
Phoenix TAO	+0.0513%	1h	313.30	−0.546%	$312K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0580%	1h	314.43	−0.189%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.71	−0.100%	$362	—	20x	as long as short
01 Exchange TAOUSD	+0.0760%	1h	315.42	+0.127%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0776%	1h	314.93	−0.027%	$1.5M	$6.6M	5x	as long as short
Hyperliquid TAO	+0.0803%	1h	315.10	+0.025%	$92.1M	$108.5M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0812%	1h	314.16	−0.273%	$312K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	315.03	+0.003%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	314.82	−0.062%	$456K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	319.48	+1.416%	$23K	$2K	12x	as long as short