Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0900%/8h= −98.5% APRpaid last 24h −0.101%

Price spread now: Paradex against RISEx−0.013%7-day average — · you buy dearer than you sell

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

Long on RISEx Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 3 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: −$27 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	311.32	0.1132	pay 0.0142% / 1h	57m 19s	$413K	$602K	5x
Short	Paradex TAO-USD-PERP	311.28	0.0233	get 0.0233% / 8h	6h 57m	$14K	$1K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against RISEx. 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 RISExbpFee ParadexbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$188.96
Price spread: −0.013% → 0.000%: −$1.29
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$200.26
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: RISEx: live order book, 11 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 RISEx live order book, 11 min ago	1.26 bp	4.3 bp −$4	21.5 bp −$215	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
dYdX TAO-USD	0.0000%	1h	311.19	−0.042%	$124K	$89K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	309.93	−0.446%	$12K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0029%	1h	309.80	−0.487%	$16K	$1.5M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.03	−0.093%	$44K	$611K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	310.24	−0.346%	$89.1M	$455.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	309.80	−0.488%	$25.2M	$107.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.10	−0.391%	$12.6M	$49.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	310.45	−0.279%	$99.6M	$135.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	310.30	−0.327%	$18.2M	$29.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	309.47	−0.594%	$34.4M	$52.1M	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	312.75	+0.461%	$35K	$297K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.72	+0.450%	$521K	$962K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.12	+0.579%	$48K	$267K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	309.80	−0.488%	$56K	$322K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	309.63	−0.542%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	309.62	−0.546%	$118K	$446K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.10	−0.392%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	310.94	−0.122%	$636	$657K	5x	as long as short
Bullet TAO-USD	+0.0128%	1h	310.37	−0.305%	$12K	$17K	20x	as long as short
Polymarket Perps TAO-USD	+0.0148%	1h	310.86	−0.147%	$91K	$672K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0171%	1h	309.34	−0.634%	$5.5M	$20.3M	50x	as long as short
Aster TAOUSDT	+0.0171%	4h	311.29	−0.010%	$1.2M	$9.0M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0171% / S +0.0110%	1h	309.97	−0.432%	$433K	—	100x	as long as short
Paradex TAO-USD-PERPshort	+0.0233%	8h	311.28	−0.013%	$14K	$1K	10x
Pacifica TAO	+0.0285%	1h	311.37	+0.017%	$369K	$373K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	311.68	+0.116%	$82K	$550K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.04	+0.553%	$4.4M	$10.7M	100x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	316.84	+1.774%	$23K	$2K	12x	as long as short
Phoenix TAO	+0.0525%	1h	313.80	+0.797%	$328K	$620K	5x	as long as short
Bulk TAO-USD	+0.0529%	1h	316.43	+1.642%	$168K	$40K	10x	as long as short
01 Exchange TAOUSD	+0.0592%	1h	311.01	−0.099%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0606%	4h	314.06	+0.881%	$5.4M	$8.7M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	310.35	−0.312%	$357	—	20x	as long as short
BingX TAO-USDT	+0.0704%	4h	310.32	−0.321%	—	$30.7M	—	as long as short
Bybit TAOUSDT	+0.0750%	4h	310.47	−0.273%	$63.2M	$134.9M	50x	as long as short
Nado TAO-PERP	+0.0813%	1h	310.58	−0.237%	$765K	$2.1M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0816%	1h	312.08	+0.245%	$315K	$818K	10x	as long as short
Hyperliquid TAO	+0.0954%	1h	310.79	−0.170%	$99.0M	$92.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	312.74	+0.457%	$1.5M	$6.4M	50x	as long as short
Phemex TAOUSDT	+0.1034%	4h	309.42	−0.610%	$3.3M	$7.8M	50x	as long as short
Extended TAO-USD	+0.1048%	1h	309.57	−0.563%	$893K	$2.4M	25x	as long as short
RISEx TAO/USDClong	+0.1132%	1h	311.32	long leg	$413K	$602K	5x
Lighter TAO	+0.1328%	1h	312.01	+0.222%	$1.6M	$6.0M	5x	as long as short