Funding you earn now, next payment 22:00 UTC−0.0908%/8h= −99.4% APRpaid last 24h −0.208%
Price spread now: HTX against Coinbase International−0.267%7-day average −0.296% · you buy dearer than you sell
Net, funding: paid 7d − costs−$229as in the Funding arb table
Net, price: spread back to 7d avg − costs−$170as in the Price arb table
costs, in and out, $10k−$1731.728% of the position
Funding, last 7 days−0.558%−$56 on $10k
+Price spread, last 3 days (all we have)−0.042%−$4 · spread now −0.267%, 7d avg −0.296%
=The price spread pays, funding is against you. HTX is 0.028% dearer against Coinbase International than usual: you sell high and buy low (spread −0.267% now, against its 7-day average of −0.296%): +$3 on $10k if it goes back. Holding the pair costs −$27 a day in funding at the current rate, which eats that in about 3 hours. At the pace of the last 7 days (−0.558% in total) that is about 9 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.558% in total (about -29.1% a year). A funding rate is set anew for every payment. 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 | Coinbase International TAO-PERP-INTX | 307.00 | 0.1008 | pay 0.0126% / 1h | 18m 01s | $1.5M | $5.6M | 50x |
| Short | HTX TAO-USDT | 306.18 | 0.0100 | get 0.0050% / 4h | 1h 18m | $122K | $368K | 20x |
Coinbase International TAO-PERP-INTX
HTX TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Coinbase International. 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
- −$190.68
- Price spread: −0.267% → −0.296%
- $2.84
- Slippage, 4 orders
- −$150.8
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$360.64
- Costs to cover
- 1.728%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 6 min ago; HTX: live order book, 65 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 Coinbase International live order book, 6 min ago | 8.02 bp | 14.3 bp −$14 | 18.9 bp −$189 | doesn't fit | doesn't fit |
| Sell HTX live order book, 65 min ago | 34.46 bp | 43.9 bp −$44 | 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 −0.0007% | 1h | 306.26 | −0.242% | $26K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0016% | 1h | 305.46 | −0.502% | $125K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 306.09 | −0.296% | $45K | $538K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 306.12 | −0.287% | $85.6M | $414.5M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 306.13 | −0.283% | $59.2M | $121.4M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 306.10 | −0.293% | $24.6M | $95.6M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 306.06 | −0.306% | $79K | $643K | 5x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 302.77 | −1.378% | $162K | $54K | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 306.00 | −0.326% | $12.2M | $49.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 305.90 | −0.358% | $113.8M | $125.8M | 300x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Bulk TAO-USD
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 306.16 | −0.274% | $18.3M | $27.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 305.85 | −0.375% | $34.1M | $46.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 306.09 | −0.296% | — | $30.3M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 306.18 | −0.267% | $40K | $279K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 306.70 | −0.097% | $507K | $967K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 306.18 | −0.267% | $75K | $564K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 306.32 | −0.221% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 306.22 | −0.254% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 306.13 | −0.283% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDTshort | +0.0100% | 4h | 306.18 | −0.267% | $122K | $368K | 20x | |
| Phemex TAOUSDT | +0.0100% | 4h | 306.03 | −0.316% | $3.3M | $7.9M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0102% | 1h | 306.21 | −0.257% | $46K | $270K | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 306.51 | −0.160% | $168K | $998 | 3x | as long as short |
| Variational Omni TAO | +0.0105% | 4h | 305.97 | −0.337% | $3.7M | $6.7M | — | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 305.92 | −0.352% | $1K | $506K | 5x | as long as short |
| Aster TAOUSDT | +0.0123% | 4h | 306.08 | −0.299% | $1.1M | $7.7M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0156% | 8h | 305.56 | −0.470% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 305.70 | −0.424% | $361K | $370K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 306.29 | −0.231% | $437K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0256% | 1h | 306.36 | −0.210% | $19K | $1.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0320% | 1h | 305.99 | −0.330% | $826K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 305.92 | −0.352% | $4.2M | $9.5M | 100x | as long as short |
| Lighter TAO | +0.0392% | 1h | 306.35 | −0.210% | $1.6M | $5.3M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0416% | 1h | 305.95 | −0.342% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0453% | 1h | 306.07 | −0.303% | $294K | $800K | 10x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 306.60 | −0.130% | $321K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 306.05 | −0.309% | $352 | — | 20x | as long as short |
| Extended TAO-USD | +0.0768% | 1h | 305.92 | −0.351% | $834K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTXlong | +0.1008% | 1h | 307.00 | long leg | $1.5M | $5.6M | 50x | |
| Kraken Futures PF_TAOUSD | +0.1032% | 1h | 306.22 | −0.253% | $5.8M | $19.6M | 50x | as long as short |
| Hyperliquid TAO | +0.1078% | 1h | 306.37 | −0.205% | $93.3M | $80.7M | 5x | as long as short |
| RISEx TAO/USDC | +0.1155% | 1h | 306.19 | −0.262% | $417K | $544K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +0.564% | $22K | $264 | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
Phemex TAOUSDT
ApeX Omni TAOUSDT
Aevo TAO-PERP
Variational Omni TAO
Katana Perps TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Deribit TAO_USDC-PERPETUAL
Nado TAO-PERP
BloFin TAO-USDT
Lighter TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Phoenix TAO
Reya TAORUSDPERP
Extended TAO-USD
Kraken Futures PF_TAOUSD
Hyperliquid TAO
RISEx TAO/USDC
Injective TAO/USDC PERP