Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Gate+0.149%7-day average −0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$181as in the Funding arb table

Net, price: spread back to 7d avg − costs−$156as in the Price arb table

costs, in and out, $10k−$1791.793% of the position

Long on Gate Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 3 days (all we have)−0.209%−$21 · spread now +0.149%, 7d avg −0.082%

Together, before fees−0.227%−$23 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 0.231% dearer against Gate than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	302.80	0.0100	pay 0.0050% / 4h	1h 28m	$12.1M	$48.8M	50x
Short	HTX TAO-USDT	303.25	0.0100	get 0.0050% / 4h	1h 28m	$122K	$364K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Gate. 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 GatebpFee HTXbpOrdersPrice spread, now +0.149%Rate

Funding earned: $0
Price spread: +0.149% → −0.082%: $23.05
Slippage, 4 orders: −$152.34
Fee Gate: 7.5 bp × 2 orders: −$15
Fee HTX: 6 bp × 2 orders: −$12
Net: −$156.29
Costs to cover: 1.793%
Break-even: never at this rate

Slippage from Gate: live order book, 6 min ago; HTX: live order book, 55 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 Gate live order book, 6 min ago	1.65 bp	15.9 bp −$16	38.3 bp −$383	54.0 bp −$5,396	90.6 bp −$45.3K
Sell HTX live order book, 55 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	303.01	+0.071%	$26K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0014%	1h	303.01	+0.069%	$21K	$1.4M	25x	as long as short
dYdX TAO-USD	+0.0021%	1h	303.56	+0.251%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.95	+0.380%	$45K	$537K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	302.85	+0.017%	$84.7M	$413.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	302.90	+0.033%	$58.5M	$121.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	302.70	−0.033%	$24.4M	$95.2M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.14	+0.443%	$79K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	303.38	+0.190%	$162K	$54K	10x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	302.80	long leg	$12.1M	$48.8M	50x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	303.02	+0.073%	$111.2M	$125.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	303.11	+0.102%	$18.4M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	302.49	−0.102%	$33.8M	$46.1M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	302.94	+0.046%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.79	+0.326%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.27	+0.154%	$39K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	302.72	−0.027%	$501K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.45	+0.215%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	303.52	+0.238%	$74K	$591K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.23	+0.142%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.06	+0.086%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.77	+0.320%	$2K	$1.8M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	303.25	+0.149%	$122K	$364K	20x
Phemex TAOUSDT	+0.0100%	4h	302.85	+0.017%	$3.2M	$7.9M	50x	as long as short
Aster TAOUSDT	+0.0102%	4h	302.93	+0.043%	$1.1M	$7.7M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.16	+0.117%	$166K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	303.84	+0.343%	$1K	$497K	5x	as long as short
Paradex TAO-USD-PERP	+0.0156%	8h	303.99	+0.393%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	304.06	+0.417%	$359K	$372K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	302.96	+0.053%	$433K	—	100x	as long as short
Nado TAO-PERP	+0.0333%	1h	303.32	+0.171%	$818K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.93	+0.373%	$4.2M	$9.4M	100x	as long as short
Lighter TAO	+0.0384%	1h	303.11	+0.101%	$1.6M	$5.3M	5x	as long as short
01 Exchange TAOUSD	+0.0392%	1h	304.09	+0.426%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0441%	1h	302.99	+0.063%	$292K	$799K	10x	as long as short
Phoenix TAO	+0.0521%	1h	303.50	+0.231%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	303.18	+0.127%	$349	—	20x	as long as short
Extended TAO-USD	+0.0816%	1h	303.01	+0.071%	$825K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	303.73	+0.307%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1043%	1h	302.84	+0.013%	$5.7M	$19.7M	50x	as long as short
Hyperliquid TAO	+0.1049%	1h	303.29	+0.162%	$92.1M	$80.5M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	304.04	+0.411%	$411K	$545K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.958%	$22K	$264	12x	as long as short