TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0154%/8h= −16.8% APRnext payment −$0.77 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Bybit−0.319%7-day average −0.135% · you buy dearer than you sell

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$165as in the Price arb table

costs, in and out, $10k−$1471.467% of the position

Long on Bybit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 4 days (all we have)+0.154%+$15 · spread now −0.319%, 7d avg −0.135%

Together, before fees+0.093%+$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and HTX is 0.185% cheaper against Bybit than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.135%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	316.17	0.0254	pay 0.0127% / 4h	20m 41s	$69.3M	$156.8M	50x
Short	HTX TAO-USDT	315.16	0.0100	get 0.0050% / 4h	20m 41s	$115K	$603K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Bybit. 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 BybitbpFee HTXbpOrdersPrice spread, now −0.319%Rate

Funding earned: −$32.27
Price spread: −0.319% → −0.135%: −$18.49
Slippage, 4 orders: −$123.7
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$197.46
Costs to cover: 1.467%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; HTX: live order book, 18 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 Bybit live order book, 3 min ago	0.16 bp	9.0 bp −$9	15.9 bp −$159	42.2 bp −$4,217	doesn't fit
Sell HTX live order book, 18 min ago	8.86 bp	37.3 bp −$37	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	315.22	−0.300%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0066%	1h	315.36	−0.256%	$126K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.84	−0.104%	$45K	$714K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.10	−0.022%	$26.3M	$130.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.30	−0.275%	$14.5M	$51.8M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.44	−0.231%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.29	−0.278%	$35.4M	$57.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.06	−0.035%	$45K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.51	−0.209%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.34	−0.263%	$2K	$2.0M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDTshort	+0.0100%	4h	315.16	−0.319%	$115K	$603K	20x
GMX TAO/USD [WBTC.b-USDC]	L +0.0105% / S +0.0138%	1h	315.09	−0.343%	$402K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	315.50	−0.212%	$828	$1.1M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	315.57	−0.188%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0162%	4h	315.32	−0.269%	$52K	$294K	10x	as long as short
edgeX TAOUSDC	+0.0165%	4h	315.99	−0.058%	$42K	$319K	10x	as long as short
MEXC TAO_USDT	+0.0170%	4h	315.75	−0.133%	$102.6M	$152.3M	300x	as long as short
Binance TAOUSDT	+0.0171%	4h	315.75	−0.134%	$91.4M	$530.8M	75x	as long as short
Paradex TAO-USD-PERP	+0.0242%	8h	316.19	+0.006%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0250%	4h	315.57	−0.190%	—	$37.3M	—	as long as short
Bybit TAOUSDTlong	+0.0254%	4h	316.17	long leg	$69.3M	$156.8M	50x
Bullet TAO-USD	+0.0268%	1h	315.76	−0.130%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0302%	4h	315.30	−0.274%	$536K	$921K	10x	as long as short
Pacifica TAO	+0.0313%	1h	315.72	−0.142%	$370K	$462K	10x	as long as short
Aster TAOUSDT	+0.0334%	4h	315.66	−0.160%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0352%	1h	315.43	−0.233%	$899K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0411%	4h	315.72	−0.142%	$4.7M	$10.9M	100x	as long as short
Phemex TAOUSDT	+0.0449%	4h	315.50	−0.212%	$3.2M	$8.2M	50x	as long as short
Nado TAO-PERP	+0.0467%	1h	315.65	−0.164%	$781K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	315.98	−0.060%	$99K	$384K	5x	as long as short
Lighter TAO	+0.0512%	1h	315.78	−0.122%	$1.6M	$6.9M	5x	as long as short
Variational Omni TAO	+0.0557%	4h	315.52	−0.206%	$5.5M	$10.2M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0569%	1h	315.38	−0.251%	$15K	$1.9M	25x	as long as short
Phoenix TAO	+0.0629%	1h	316.40	+0.073%	$318K	$703K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0659%	1h	315.56	−0.193%	$292K	$904K	10x	as long as short
01 Exchange TAOUSD	+0.0664%	1h	316.21	+0.013%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	315.42	−0.239%	$363	—	20x	as long as short
Hyperliquid TAO	+0.0711%	1h	315.82	−0.111%	$93.3M	$110.4M	5x	as long as short
RISEx TAO/USDC	+0.0831%	1h	315.69	−0.153%	$446K	$658K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0840%	1h	315.60	−0.181%	$5.9M	$21.7M	50x	as long as short
Bulk TAO-USD	+0.0951%	1h	316.68	+0.161%	$168K	$0	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	316.41	+0.076%	$1.4M	$6.9M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	318.80	+0.832%	$23K	$2K	12x	as long as short