Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Binance−0.016%7-day average −0.105% · you buy dearer than you sell

Net, funding: paid 7d − costs−$221as in the Funding arb table

Net, price: spread back to 7d avg − costs−$212as in the Price arb table

costs, in and out, $10k−$2212.214% of the position

Long on Binance Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now −0.016%, 7d avg −0.105%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: HTX is 0.089% dearer against Binance than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	314.96	0.0100	pay 0.0050% / 4h	21m 41s	$90.9M	$494.4M	75x
Short	HTX TAO-USDT	314.91	0.0100	get 0.0050% / 4h	21m 41s	$110K	$535K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Binance. 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 BinancebpFee HTXbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → −0.105%: $8.91
Slippage, 4 orders: −$199.38
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$212.47
Costs to cover: 2.214%
Break-even: never at this rate

Slippage from Binance: live order book, 7 min ago; HTX: live order book, 37 min ago.

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 Binance live order book, 7 min ago	0.16 bp	8.0 bp −$8	15.6 bp −$156	35.3 bp −$3,533	doesn't fit
Sell HTX live order book, 37 min ago	13.02 bp	93.1 bp −$93	doesn't fit	doesn't fit	doesn't fit

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	314.98	+0.006%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.12	+0.051%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.22	+0.083%	$5.5M	$20.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.55	+0.187%	$43K	$668K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	315.40	+0.140%	$646	$799K	5x	as long as short
Binance TAOUSDTlong	+0.0100%	4h	314.96	long leg	$90.9M	$494.4M	75x
Bybit TAOUSDT	+0.0100%	4h	314.95	−0.003%	$68.0M	$148.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.80	−0.051%	$26.0M	$120.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.00	+0.013%	$12.9M	$50.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.95	−0.003%	$110.5M	$144.0M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	314.92	−0.013%	$17.6M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.80	−0.051%	$35.2M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.22	+0.082%	—	$32.9M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.91	−0.017%	$42K	$311K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.20	−0.242%	$520K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.16	+0.063%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.28	+0.102%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.35	+0.123%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.22	+0.082%	$2K	$1.9M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	314.91	−0.016%	$110K	$535K	20x
Phemex TAOUSDT	+0.0100%	4h	315.04	+0.025%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.37	+0.130%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	315.30	+0.108%	$57K	$265K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0147% / S +0.0126%	1h	315.09	+0.042%	$420K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	314.93	−0.011%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0194%	1h	315.41	+0.142%	$802K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0195%	4h	315.07	+0.034%	$1.2M	$10.3M	50x	as long as short
Extended TAO-USD	+0.0208%	1h	315.12	+0.051%	$922K	$2.4M	25x	as long as short
Hyperliquid TAO	+0.0257%	1h	315.29	+0.105%	$92.7M	$106.4M	5x	as long as short
01 Exchange TAOUSD	+0.0304%	1h	315.79	+0.263%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0312%	1h	315.22	+0.081%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0329%	1h	315.36	+0.126%	$30K	$1.7M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.00	+0.330%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.80	+0.267%	$100K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0348%	1h	315.11	+0.048%	$316K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	315.05	+0.028%	$359K	$412K	10x	as long as short
Variational Omni TAO	+0.0526%	4h	314.38	−0.185%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.50	+0.171%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.34	+0.120%	$363	—	20x	as long as short
Bulk TAO-USD	+0.0933%	1h	314.34	−0.197%	$167K	$2K	10x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.61	+0.206%	$435K	$651K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.02	+0.336%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.85	+1.235%	$23K	$2K	12x	as long as short