Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0164%/8h= −18.0% APRpaid last 24h +0.013%
Price spread now: HTX against Deribit−0.043%7-day average −0.138% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 7 days+0.155%+$15 on $10k
Price spread, last 3 days (all we have)−0.092%−$9 · spread now −0.043%, 7d avg −0.138%
Together, before fees+0.063%+$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.095% dearer against Deribit than usual: you sell high and buy low (spread −0.043% now, against its 7-day average of −0.138%): +$10 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 47 hours. Mind the row above: over the last 7 days funding on this pair paid +0.155%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit TAO_USDC-PERPETUAL305.950.0264pay 0.0033% / 1h16m 24s$19K$1.4M25x
ShortHTX TAO-USDT305.820.0100get 0.0050% / 4h1h 16m$122K$368K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Deribit. 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

Funding earned
−$34.44
Price spread: −0.043% → −0.138%
$9.54
Slippage, 4 orders
no order book: not counted
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee HTX: 6 bp × 2 orders
−$12
Net
−$43.9
Costs to cover
0.190%
Break-even
never at this rate
Slippage unknown: Deribit: live order book, 3 min ago; HTX: live order book, 2 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 3 min ago6.86 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit
Sell HTX live order book, 2 min ago25.13 bp45.1 bp −$45doesn't fitdoesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h305.60−0.113%$20K150xas long as short
dYdX TAO-USD+0.0015%1h305.55−0.130%$125K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h306.01+0.020%$45K$539K20xas long as short
Binance TAOUSDT+0.0100%4h305.82−0.043%$85.5M$414.5M75xas long as short
Bybit TAOUSDT+0.0100%4h305.91−0.013%$59.2M$121.5M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h306.00+0.016%$24.6M$95.5M50xas long as short
Arcus TAO-USD+0.0100%1h306.23+0.091%$79K$643K5xas long as short
Bulk TAO-USD+0.0100%1h302.77−1.039%$162K$54K10xas long as short
Gate TAO_USDT+0.0100%4h305.70−0.082%$12.2M$49.1M50xas long as short
MEXC TAO_USDT+0.0100%4h305.70−0.082%$113.7M$125.8M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h306.03+0.026%$18.2M$27.3M75xas long as short
Bitget TAOUSDT+0.0100%4h305.86−0.030%$34.1M$46.0M50xas long as short
BingX TAO-USDT+0.0100%4h305.77−0.059%$30.3Mas long as short
edgeX TAOUSDC+0.0100%4h306.18+0.075%$40K$279K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h305.91−0.013%$506K$967K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h306.00+0.016%$75K$556K5xas long as short
Bullet TAO-USD+0.0100%1h305.81−0.046%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h305.83−0.039%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h305.93−0.007%$2K$1.8M20xas long as short
HTX TAO-USDTshort+0.0100%4h305.82−0.043%$122K$368K20x
Phemex TAOUSDT+0.0100%4h305.92−0.010%$3.3M$7.9M50xas long as short
ApeX Omni TAOUSDT+0.0102%1h306.21+0.085%$46K$270K50xas long as short
Aevo TAO-PERP+0.0104%1h305.90−0.018%$168K$9983xas long as short
Variational Omni TAO+0.0105%4h305.97+0.005%$3.7M$6.7Mas long as short
Katana Perps TAO-USD+0.0110%8h305.98+0.010%$626$506K5xas long as short
Aster TAOUSDT+0.0119%4h305.84−0.036%$1.1M$7.7M50xas long as short
Paradex TAO-USD-PERP+0.0155%8h305.89−0.019%$14K$1K10xas long as short
Pacifica TAO+0.0164%1h305.96+0.002%$361K$370K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h305.59−0.119%$436K100xas long as short
Deribit TAO_USDC-PERPETUALlong+0.0264%1h305.95long leg$19K$1.4M25x
Nado TAO-PERP+0.0319%1h306.04+0.030%$826K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h305.78−0.056%$4.2M$9.5M100xas long as short
Lighter TAO+0.0352%1h305.88−0.024%$1.6M$5.4M5xas long as short
01 Exchange TAOUSD+0.0408%1h306.17+0.072%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0451%1h305.81−0.046%$293K$800K10xas long as short
Phoenix TAO+0.0521%1h306.60+0.212%$321K$491K5xas long as short
Reya TAORUSDPERP+0.0695%1h305.72−0.075%$35220xas long as short
Extended TAO-USD+0.0744%1h306.00+0.015%$834K$2.0M25xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h306.04+0.029%$1.5M$5.6M50xas long as short
Kraken Futures PF_TAOUSD+0.1032%1h305.94−0.003%$5.8M$19.6M50xas long as short
Hyperliquid TAO+0.1081%1h306.35+0.131%$93.3M$80.7M5xas long as short
RISEx TAO/USDC+0.1155%1h306.21+0.084%$417K$544K5xas long as short
Injective TAO/USDC PERP+0.1621%1h308.73+0.909%$22K$26412xas long as short