Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: HTX against gTrade (Gains Network)−0.095%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. HTX is 0.095% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TAO/USD	323.56	L +0.0004% / S −0.0004%	pay 0.0001% / 1h	30m 36s	$21K	—	150x
Short	HTX TAO-USDT	323.25	0.0100	get 0.0050% / 4h	1h 30m	$131K	$483K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now −0.095%Rate

Funding earned: $20.11
Price spread: −0.095% → 0.000%: −$9.46
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$11.34
Costs to cover: 0.220%
Break-even: 10.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 33 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell HTX live order book, 33 min ago	18.11 bp	80.2 bp −$80	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Bulk TAO-USD	−0.5583%	1h	316.49	−2.184%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	322.72	−0.258%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USDlong	L +0.0004% / S −0.0004%	1h	323.56	long leg	$21K	—	150x
Popdex TAOUSDT	+0.0096%	1h	324.29	+0.227%	$33K	$673K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	323.19	−0.113%	$94.5M	$477.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.40	−0.048%	$26.6M	$119.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.20	−0.110%	$13.3M	$49.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	323.32	−0.073%	$99.6M	$141.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	322.90	−0.203%	$17.9M	$31.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	323.42	−0.042%	$36.2M	$54.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	324.24	+0.212%	$37K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	323.96	+0.125%	$87K	$789K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	323.68	+0.038%	$1K	$1.9M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	323.25	−0.095%	$131K	$483K	20x
Phemex TAOUSDT	+0.0100%	4h	324.09	+0.165%	$3.5M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	323.80	+0.074%	$178K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0112%	4h	323.73	+0.054%	$59K	$281K	10x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	323.57	+0.004%	$1K	$773K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0161% / S +0.0124%	1h	323.58	+0.006%	$450K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0242%	1h	323.79	+0.073%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0266%	4h	324.28	+0.222%	$538K	$964K	10x	as long as short
Bullet TAO-USD	+0.0312%	1h	323.84	+0.088%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0316%	8h	323.53	−0.007%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	323.68	+0.038%	$4.5M	$10.9M	100x	as long as short
Aster TAOUSDT	+0.0376%	4h	323.42	−0.043%	$1.2M	$9.6M	50x	as long as short
Pacifica TAO	+0.0448%	1h	323.02	−0.167%	$381K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	324.60	+0.323%	$339K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	323.90	+0.106%	$101K	$489K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0519%	1h	323.82	+0.082%	$24K	$1.6M	25x	as long as short
Nado TAO-PERP	+0.0559%	1h	324.06	+0.157%	$793K	$2.2M	10x	as long as short
BingX TAO-USDT	+0.0566%	4h	323.47	−0.027%	—	$30.3M	—	as long as short
Bybit TAOUSDT	+0.0599%	4h	323.57	+0.004%	$71.0M	$143.4M	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	323.90	+0.108%	$372	—	20x	as long as short
01 Exchange TAOUSD	+0.0792%	1h	324.82	+0.391%	$3K	$4K	5x	as long as short
ApeX Omni TAOUSDT	+0.0804%	1h	322.29	−0.391%	$47K	$254K	50x	as long as short
Variational Omni TAO	+0.0868%	4h	323.85	+0.090%	$6.0M	$9.8M	—	as long as short
Extended TAO-USD	+0.0896%	1h	323.44	−0.036%	$949K	$2.3M	25x	as long as short
Lighter TAO	+0.0912%	1h	323.53	−0.007%	$1.6M	$6.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	324.93	+0.425%	$1.5M	$6.7M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1074%	1h	324.25	+0.214%	$446K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	323.69	+0.041%	$461K	$638K	5x	as long as short
Hyperliquid TAO	+0.1306%	1h	323.17	−0.119%	$101.6M	$98.9M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	−0.057%	$24K	$2K	12x	as long as short