Funding you earn now, next payment 08:00 UTC−0.0250%/8h= −27.4% APRnext payment −$1.25 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against BingX−0.172%7-day average −0.100% · you buy dearer than you sell
Net, funding: paid 7d − costs−$163as in the Funding arb table
Net, price: spread back to 7d avg − costs−$163as in the Price arb table
costs, in and out, $10k−$1561.555% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 4 days (all we have)−0.043%−$4 · spread now −0.172%, 7d avg −0.100%
=Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 0.072% cheaper against BingX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.100%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.079% in total (about -4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.25 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX TAO-USDT | 319.66 | 0.0350 | pay 0.0175% / 4h | 1h 31m | — | $34.5M | — |
| Short | HTX TAO-USDT | 319.11 | 0.0100 | get 0.0050% / 4h | 1h 31m | $119K | $590K | 20x |
BingX TAO-USDT
HTX TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$52.5
- Price spread: −0.172% → −0.100%
- −$7.19
- Slippage, 4 orders
- −$133.55
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$215.24
- Costs to cover
- 1.555%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; HTX: live order book, 12 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 BingX live order book, 2 min ago | 0.63 bp | 5.7 bp −$6 | 9.9 bp −$99 | 27.4 bp −$2,736 | 82.1 bp −$41.0K |
| Sell HTX live order book, 12 min ago | 11.74 bp | 51.9 bp −$52 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.1995% | 1h | 319.47 | −0.059% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.09 | −0.178% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 319.52 | −0.045% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.86 | +0.063% | $42K | $706K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.80 | +0.044% | $26.7M | $129.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.40 | −0.081% | $14.2M | $51.9M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.76 | +0.031% | $17.9M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.57 | −0.028% | $35.9M | $58.4M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 320.35 | +0.216% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.74 | +0.025% | $100K | $1.2M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 319.77 | +0.034% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDTshort | +0.0100% | 4h | 319.11 | −0.172% | $119K | $590K | 20x | |
| Katana Perps TAO-USD | +0.0109% | 8h | 319.76 | +0.031% | $1K | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0119% / S +0.0149% | 1h | 319.55 | −0.035% | $427K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 320.05 | +0.121% | $176K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 319.82 | +0.050% | $53K | $292K | 10x | as long as short |
| edgeX TAOUSDC | +0.0161% | 4h | 320.34 | +0.213% | $42K | $318K | 10x | as long as short |
| MEXC TAO_USDT | +0.0164% | 4h | 319.94 | +0.088% | $105.6M | $150.0M | 300x | as long as short |
| Binance TAOUSDT | +0.0169% | 4h | 319.88 | +0.069% | $92.6M | $529.2M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0263% | 8h | 319.60 | −0.020% | $14K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0276% | 4h | 319.89 | +0.072% | $3.3M | $8.1M | 50x | as long as short |
| Aster TAOUSDT | +0.0328% | 4h | 319.60 | −0.020% | $1.3M | $10.9M | 50x | as long as short |
| Bybit TAOUSDT | +0.0347% | 4h | 319.94 | +0.088% | $70.0M | $156.2M | 50x | as long as short |
| BingX TAO-USDTlong | +0.0350% | 4h | 319.66 | long leg | — | $34.5M | — | |
| Bullet TAO-USD | +0.0390% | 1h | 319.97 | +0.097% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0396% | 4h | 320.22 | +0.174% | $545K | $940K | 10x | as long as short |
| BloFin TAO-USDT | +0.0401% | 4h | 320.65 | +0.310% | $4.7M | $11.1M | 100x | as long as short |
| Extended TAO-USD | +0.0472% | 1h | 319.87 | +0.064% | $916K | $2.4M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 319.60 | −0.018% | $364K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0538% | 4h | 318.75 | −0.285% | $5.6M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 319.20 | −0.144% | $318K | $709K | 5x | as long as short |
| Nado TAO-PERP | +0.0575% | 1h | 319.97 | +0.096% | $799K | $2.1M | 10x | as long as short |
| Hyperliquid TAO | +0.0622% | 1h | 320.05 | +0.122% | $94.5M | $110.3M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0624% | 1h | 320.11 | +0.141% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 320.09 | +0.135% | $103K | $394K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0689% | 1h | 320.01 | +0.109% | $298K | $905K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.77 | +0.035% | $368 | — | 20x | as long as short |
| Lighter TAO | +0.0800% | 1h | 319.81 | +0.047% | $1.5M | $6.7M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0805% | 1h | 320.00 | +0.106% | $10K | $1.9M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.37 | +0.222% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 319.75 | +0.030% | $458K | $666K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1154% | 1h | 320.00 | +0.107% | $5.9M | $21.8M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.63 | +1.242% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
Orderly PERP_TAO_USDC
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Phemex TAOUSDT
Aster TAOUSDT
Bybit TAOUSDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
BloFin TAO-USDT
Extended TAO-USD
Pacifica TAO
Variational Omni TAO
Phoenix TAO
Nado TAO-PERP
Hyperliquid TAO
01 Exchange TAOUSD
Arcus TAO-USD
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Lighter TAO
Deribit TAO_USDC-PERPETUAL
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP