TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: HTX against BloFin−1.289%479s7-day average −0.130% · you buy dearer than you sell

Net, funding: paid 7d − costs−$246as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$2012.011% of the position

Long on BloFin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.454%−$45 on $10k

Price spread, last 3 days (all we have)+1.102%+$110 · spread now −1.289%, 7d avg −0.130%

Together, before fees+0.648%+$65 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 1.159% cheaper against BloFin than usual: you would sell low and buy high (−$116 if the spread goes back to its 7-day average of −0.130%). Swap the legs. The two prices were read 479 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TAO-USDT	311.16	0.0340	pay 0.0170% / 4h	2h 41m	$4.4M	$10.7M	100x
Short	HTX TAO-USDT	307.15	0.0100	get 0.0050% / 4h	2h 41m	$126K	$471K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against BloFin. 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 BloFinbpFee HTXbpOrdersPrice spread, now −1.289%Rate

Funding earned: −$50.4
Price spread: −1.289% → −0.130%: −$115.91
Slippage, 4 orders: −$177.09
Fee BloFin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$367.4
Costs to cover: 2.011%
Break-even: never at this rate

Slippage from BloFin: live order book, 8 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 BloFin live order book, 8 min ago	5.00 bp	12.9 bp −$13	22.6 bp −$226	doesn't fit	doesn't fit
Sell HTX live order book, 27 min ago	21.48 bp	73.2 bp −$73	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	308.00	−1.016%	$123K	$87K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	307.63	−1.134%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.08	−0.990%	$45K	$606K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	308.23	−0.941%	$88.9M	$459.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.30	−0.919%	$25.2M	$108.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	308.00	−1.016%	$12.5M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	308.23	−0.942%	$102.6M	$137.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	308.17	−0.961%	$17.9M	$30.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.32	−0.913%	$34.5M	$52.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.15	−0.647%	$34K	$298K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	309.02	−0.687%	$515K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.11	−0.659%	$46K	$268K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.00	−1.016%	$56K	$283K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.79	−1.083%	$2K	$1.9M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	307.15	−1.289%	$126K	$471K	20x
Aevo TAO-PERP	+0.0104%	1h	308.01	−1.012%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	308.10	−0.983%	$630	$678K	5x	as long as short
Aster TAOUSDT	+0.0166%	4h	308.06	−0.996%	$1.2M	$9.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0170% / S +0.0099%	1h	307.65	−1.128%	$417K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0171%	1h	307.96	−1.029%	$5.5M	$20.3M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0184%	1h	307.94	−1.035%	$15K	$1.5M	25x	as long as short
Bullet TAO-USD	+0.0229%	1h	307.93	−1.038%	$12K	$17K	20x	as long as short
Polymarket Perps TAO-USD	+0.0240%	1h	308.16	−0.964%	$77K	$643K	5x	as long as short
Paradex TAO-USD-PERP	+0.0275%	8h	308.19	−0.955%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0285%	1h	308.17	−0.960%	$364K	$378K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	308.40	−0.887%	$81K	$551K	5x	as long as short
BloFin TAO-USDTlong	+0.0340%	4h	311.16	long leg	$4.4M	$10.7M	100x
Injective TAO/USDC PERP	+0.0470%	1h	315.63	+1.437%	$23K	$2K	12x	as long as short
Phemex TAOUSDT	+0.0555%	4h	307.99	−1.019%	$3.3M	$8.0M	50x	as long as short
Nado TAO-PERP	+0.0583%	1h	308.23	−0.942%	$752K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	308.80	−0.758%	$323K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	308.42	−0.881%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	308.09	−0.985%	$354	—	20x	as long as short
Variational Omni TAO	+0.0734%	4h	308.15	−0.968%	$5.3M	$8.9M	—	as long as short
BingX TAO-USDT	+0.0736%	4h	308.46	−0.868%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0810%	4h	308.49	−0.858%	$63.0M	$135.6M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0855%	1h	308.38	−0.893%	$312K	$814K	10x	as long as short
Extended TAO-USD	+0.0968%	1h	308.00	−1.015%	$885K	$2.4M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	308.15	−0.967%	$1.4M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	308.29	−0.922%	$410K	$604K	5x	as long as short
Hyperliquid TAO	+0.1268%	1h	308.73	−0.781%	$97.9M	$93.1M	5x	as long as short
Lighter TAO	+0.1376%	1h	308.64	−0.808%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.3743%	1h	312.40	+0.399%	$166K	$40K	10x	as long as short