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 +0.003%

Price spread now: HTX against Bitget+0.125%7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$222as in the Funding arb table

Net, price: spread back to 7d avg − costs−$196as in the Price arb table

costs, in and out, $10k−$2152.155% of the position

Long on Bitget Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.065%−$7 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.125%, 7d avg −0.066%

Together, before fees−0.222%−$22 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 0.190% dearer against Bitget than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TAOUSDT	320.27	0.0100	pay 0.0050% / 4h	1h 36m	$35.8M	$54.1M	50x
Short	HTX TAO-USDT	320.67	0.0100	get 0.0050% / 4h	1h 36m	$130K	$479K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bitget. 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 BitgetbpFee HTXbpOrdersPrice spread, now +0.125%Rate

Funding earned: $0
Price spread: +0.125% → −0.066%: $19.05
Slippage, 4 orders: −$191.46
Fee Bitget: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$196.41
Costs to cover: 2.155%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; HTX: live order book, 27 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 Bitget live order book, 3 min ago	2.03 bp	11.4 bp −$11	23.9 bp −$239	doesn't fit	doesn't fit
Sell HTX live order book, 27 min ago	18.11 bp	80.2 bp −$80	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	−0.3652%	1h	316.49	−1.180%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	320.84	+0.178%	$128K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	320.05	−0.068%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.77	+0.156%	$45K	$657K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	320.47	+0.062%	$93.4M	$474.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.10	−0.053%	$26.4M	$117.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.50	+0.072%	$13.1M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	320.46	+0.059%	$109.7M	$140.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.49	+0.069%	$18.1M	$30.9M	75x	as long as short
Bitget TAOUSDTlong	+0.0100%	4h	320.27	long leg	$35.8M	$54.1M	50x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	319.73	−0.168%	$36K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	321.02	+0.234%	$88K	$789K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	320.32	+0.016%	$1K	$1.9M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	320.67	+0.125%	$130K	$479K	20x
Phemex TAOUSDT	+0.0100%	4h	320.44	+0.053%	$3.5M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	320.69	+0.130%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0107%	4h	320.46	+0.059%	$58K	$281K	10x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	320.84	+0.178%	$682	$765K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0162% / S +0.0106%	1h	320.08	−0.060%	$435K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0238%	4h	319.35	−0.289%	$531K	$957K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0245%	1h	320.47	+0.062%	$5.6M	$20.5M	50x	as long as short
Bullet TAO-USD	+0.0303%	1h	320.58	+0.098%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0320%	8h	321.19	+0.288%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	321.38	+0.347%	$4.5M	$10.7M	100x	as long as short
Aster TAOUSDT	+0.0342%	4h	320.53	+0.082%	$1.2M	$9.3M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0376%	1h	320.33	+0.018%	$17K	$1.6M	25x	as long as short
Pacifica TAO	+0.0448%	1h	321.17	+0.281%	$379K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	320.50	+0.072%	$335K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	321.45	+0.368%	$101K	$490K	5x	as long as short
Nado TAO-PERP	+0.0539%	1h	320.54	+0.084%	$777K	$2.1M	10x	as long as short
Bybit TAOUSDT	+0.0591%	4h	320.40	+0.041%	$68.5M	$140.6M	50x	as long as short
BingX TAO-USDT	+0.0608%	4h	320.37	+0.031%	—	$30.3M	—	as long as short
ApeX Omni TAOUSDT	+0.0686%	1h	319.20	−0.334%	$47K	$254K	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	320.58	+0.097%	$369	—	20x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	321.39	+0.350%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0878%	4h	320.22	−0.016%	$5.9M	$9.7M	—	as long as short
Lighter TAO	+0.0896%	1h	320.66	+0.121%	$1.6M	$6.3M	5x	as long as short
Extended TAO-USD	+0.0904%	1h	320.35	+0.026%	$939K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.1015%	1h	321.59	+0.412%	$442K	$860K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	321.63	+0.425%	$1.5M	$6.6M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	321.21	+0.294%	$457K	$627K	5x	as long as short
Hyperliquid TAO	+0.1355%	1h	320.95	+0.212%	$100.9M	$98.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	+0.968%	$24K	$2K	12x	as long as short