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 0.000%

Price spread now: HTX against edgeX−0.668%7-day average −0.088% · you buy dearer than you sell

Net, funding: paid 7d − costs−$212as in the Funding arb table

Net, price: spread back to 7d avg − costs−$270as in the Price arb table

costs, in and out, $10k−$2122.124% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 3 days (all we have)+0.589%+$59 · spread now −0.668%, 7d avg −0.088%

Together, before fees+0.593%+ Points / potential airdropedgeX: Active · farm board+$59 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 0.580% cheaper against edgeX than usual: you would sell low and buy high, −$58 on $10k if it goes back to its 7-day average of −0.088%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TAOUSDC	317.02	0.0100	pay 0.0050% / 4h	1h 56m	$36K	$302K	10x
Short	HTX TAO-USDT	314.90	0.0100	get 0.0050% / 4h	1h 56m	$129K	$474K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against edgeX. 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 edgeXbpFee HTXbpOrdersPrice spread, now −0.668%Rate

Funding earned: $0
Price spread: −0.668% → −0.088%: −$58.03
Slippage, 4 orders: −$191.37
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$270.4
Costs to cover: 2.124%
Break-even: never at this rate

Slippage from edgeX: live order book, 6 min ago; HTX: live order book, 7 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 edgeX live order book, 6 min ago	6.30 bp	10.8 bp −$11	24.6 bp −$246	doesn't fit	doesn't fit
Sell HTX live order book, 7 min ago	18.11 bp	80.2 bp −$80	doesn't fit	doesn't fit	doesn't fit

TAO on 42 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	−0.0185%	1h	315.28	−0.548%	$167K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	317.35	+0.105%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0001%	1h	314.63	−0.753%	$16K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.90	−0.984%	$45K	$646K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.88	+0.271%	$91.8M	$467.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.30	+0.404%	$26.2M	$115.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.60	+0.183%	$13.0M	$49.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	318.08	+0.335%	$104.4M	$137.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.16	+0.045%	$17.9M	$30.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.20	+0.373%	$35.5M	$53.4M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDClong	+0.0100%	4h	317.02	long leg	$36K	$302K	10x
Polymarket Perps TAO-USD	+0.0100%	1h	314.31	−0.854%	$75K	$722K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	314.83	−0.690%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.68	−0.738%	$2K	$1.9M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	314.90	−0.668%	$129K	$474K	20x
Phemex TAOUSDT	+0.0100%	4h	315.20	−0.574%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.16	−0.587%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	318.19	+0.370%	$2K	$730K	5x	as long as short
ApeX Omni TAOUSDT	+0.0148%	1h	316.61	−0.129%	$47K	$252K	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0165% / S +0.0104%	1h	314.66	−0.743%	$426K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0192%	4h	317.15	+0.042%	$527K	$957K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0249%	1h	314.82	−0.692%	$5.6M	$20.5M	50x	as long as short
Aster TAOUSDT	+0.0265%	4h	316.16	−0.271%	$1.2M	$9.3M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0330%	1h	314.84	−0.688%	$14K	$1.6M	25x	as long as short
Bullet TAO-USD	+0.0345%	1h	315.08	−0.611%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0351%	8h	318.09	+0.338%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0448%	1h	317.56	+0.172%	$375K	$393K	10x	as long as short
Arcus TAO-USD	+0.0509%	1h	318.52	+0.474%	$100K	$489K	5x	as long as short
Phoenix TAO	+0.0588%	1h	316.10	−0.290%	$332K	$707K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0621%	1h	315.84	−0.372%	$319K	$802K	10x	as long as short
BingX TAO-USDT	+0.0686%	4h	318.26	+0.392%	—	$30.3M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	314.56	−0.776%	$362	—	20x	as long as short
01 Exchange TAOUSD	+0.0696%	1h	318.75	+0.546%	$3K	$4K	5x	as long as short
Bybit TAOUSDT	+0.0743%	4h	318.13	+0.351%	$67.6M	$138.2M	50x	as long as short
Variational Omni TAO	+0.0848%	4h	316.96	−0.019%	$6.1M	$9.5M	—	as long as short
Extended TAO-USD	+0.0896%	1h	318.28	+0.399%	$900K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	314.31	−0.854%	$1.5M	$6.4M	50x	as long as short
Nado TAO-PERP	+0.1032%	1h	314.30	−0.857%	$752K	$2.1M	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	318.32	+0.410%	$450K	$626K	5x	as long as short
Lighter TAO	+0.1168%	1h	318.04	+0.322%	$1.6M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1316%	1h	317.48	+0.146%	$100.1M	$97.8M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	320.94	+1.237%	$23K	$2K	12x	as long as short