Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0112%/8h= −12.2% APRnext payment $0.56 per $10,000 · paid last 24h −0.043%
Price spread now: HTX against Aster+0.108%53s7-day average −0.153% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$1671.673% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.237%−$24 on $10k
Price spread, last 3 days (all we have)−0.235%−$23 · spread now +0.108%, 7d avg −0.153%
Together, before fees−0.472%+ Points / potential airdropAster: Stage 5 · farm board−$47 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.261% dearer against Aster than usual: you sell high and buy low (spread +0.108% now, against its 7-day average of −0.153%): +$26 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 7.8 days. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster TAOUSDT313.680.0212pay 0.0106% / 4h48m 27s$1.1M$7.8M50x
ShortHTX TAO-USDT314.020.0100get 0.0050% / 4h48m 27s$128K$394K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Aster. 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

Funding earned
−$23.46
Price spread: +0.108% → −0.153%
$26.09
Slippage, 4 orders
−$147.27
Fee Aster: 4 bp × 2 orders
−$8
Fee HTX: 6 bp × 2 orders
−$12
Net
−$164.64
Costs to cover
1.673%
Break-even
never at this rate
Slippage from Aster: live order book, 5 min ago; HTX: live order book, 29 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 5 min ago8.32 bp16.5 bp −$17105.4 bp −$1,054doesn't fitdoesn't fit
Sell HTX live order book, 29 min ago25.13 bp45.1 bp −$45doesn't fitdoesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.4722%1h314.01+0.106%$168K$48K10xas long as short
dYdX TAO-USD0.0000%1h313.680.000%$125K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h313.44−0.076%$21K150xas long as short
Injective TAO/USDC PERP+0.0033%1h314.39+0.226%$23K$26012xas long as short
Popdex TAOUSDT+0.0096%1h313.67−0.003%$40K$549K20xas long as short
Pacifica TAO+0.0100%1h313.65−0.010%$371K$372K10xas long as short
Binance TAOUSDT+0.0100%4h313.75+0.022%$88.8M$421.5M75xas long as short
Bybit TAOUSDT+0.0100%4h313.90+0.070%$61.4M$123.3M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h313.50−0.057%$25.2M$100.0M50xas long as short
Gate TAO_USDT+0.0100%4h313.50−0.057%$12.5M$48.9M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC TAO_USDT+0.0100%4h313.79+0.035%$121.1M$126.3M300xas long as short
KuCoin TAOUSDTM+0.0100%4h313.78+0.032%$19.1M$27.7M75xas long as short
Bitget TAOUSDT+0.0100%4h313.40−0.089%$35.0M$46.2M50xas long as short
BingX TAO-USDT+0.0100%4h313.66−0.006%$30.2Mas long as short
edgeX TAOUSDC+0.0100%4h313.44−0.077%$41K$280K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h314.12+0.140%$519K$950K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h313.37−0.099%$47K$269K50xas long as short
Orderly PERP_TAO_USDC+0.0100%4h313.53−0.048%$60K$276K10xas long as short
SunX TAO-USDT+0.0100%4h313.43−0.080%$1K$1.8M20xas long as short
HTX TAO-USDTshort+0.0100%4h314.02+0.108%$128K$394K20x
Phemex TAOUSDT+0.0100%4h313.79+0.035%$3.3M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h313.76+0.024%$172K$9983xas long as short
Katana Perps TAO-USD+0.0110%8h313.66−0.006%$2K$538K5xas long as short
Polymarket Perps TAO-USD+0.0117%1h313.81+0.041%$77K$522K5xas long as short
Bullet TAO-USD+0.0141%1h313.71+0.010%$11K$17K20xas long as short
Variational Omni TAO+0.0173%4h313.59−0.030%$3.8M$6.9Mas long as short
Paradex TAO-USD-PERP+0.0186%8h313.51−0.055%$14K$1K10xas long as short
Arcus TAO-USD+0.0186%1h313.92+0.077%$83K$626K5xas long as short
Aster TAOUSDTlong+0.0212%4h313.68long leg$1.1M$7.8M50x
Deribit TAO_USDC-PERPETUAL+0.0327%1h313.60−0.027%$19K$1.4M25xas long as short
BloFin TAO-USDT+0.0340%4h314.07+0.124%$4.3M$9.8M100xas long as short
Kraken Futures PF_TAOUSD+0.0447%1h313.97+0.094%$5.8M$19.8M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0476% / S −0.0175%1h313.41−0.088%$449K100xas long as short
Nado TAO-PERP+0.0502%1h313.65−0.009%$843K$2.0M10xas long as short
Phoenix TAO+0.0537%1h312.70−0.312%$334K$521K5xas long as short
Backpack TAO_USDC_PERP+0.0575%1h314.22+0.172%$301K$798K10xas long as short
Reya TAORUSDPERP+0.0695%1h313.66−0.006%$36120xas long as short
01 Exchange TAOUSD+0.0832%1h313.91+0.073%$3K$4K5xas long as short
Extended TAO-USD+0.0840%1h313.49−0.060%$864K$2.1M25xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h314.34+0.210%$1.5M$5.7M50xas long as short
RISEx TAO/USDC+0.1238%1h313.68+0.001%$432K$536K5xas long as short
Lighter TAO+0.1544%1h313.95+0.086%$1.6M$5.8M5xas long as short
Hyperliquid TAO+0.2173%1h314.23+0.175%$98.4M$82.8M5xas long as short