Funding you earn now, next payment 08:00 UTC−0.0264%/8h= −28.9% APRnext payment −$1.32 per $10,000 · paid last 24h 0.000%
Price spread now: HTX against GRVT+0.168%77s7-day average −0.090% · you sell dearer than you buy
Net, funding: paid 7d − costs−$168as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$1631.629% of the position
Funding, last 7 days−0.049%−$5 on $10k
+Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.168%, 7d avg −0.090%
=Together, before fees−0.280%+ Points / potential airdropGRVT: Active · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.259% dearer against GRVT than usual: you sell high and buy low (spread +0.168% now, against its 7-day average of −0.090%): +$26 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 3.3 days. At the pace of the last 7 days (−0.049% in total) that is about 37 days. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.049% in total (about -2.6% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.32 per $10,000. 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 | GRVT TAO_USDT_Perp | 318.37 | 0.0364 | pay 0.0182% / 4h | 1h 06m | $540K | $917K | 10x |
| Short | HTX TAO-USDT | 318.91 | 0.0100 | get 0.0050% / 4h | 1h 06m | $116K | $599K | 20x |
GRVT TAO_USDT_Perp
HTX TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against GRVT. 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
- −$55.44
- Price spread: +0.168% → −0.090%
- $25.88
- Slippage, 4 orders
- −$141.94
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$192.5
- Costs to cover
- 1.629%
- Break-even
- never at this rate
Slippage from GRVT: live order book, 37 min ago; HTX: live order book, 37 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 GRVT live order book, 37 min ago | 2.82 bp | 9.6 bp −$10 | 27.1 bp −$271 | doesn't fit | doesn't fit |
| Sell HTX live order book, 37 min ago | 11.74 bp | 51.9 bp −$52 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.0237% | 1h | 320.94 | +0.806% | $171K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.58 | +0.380% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 319.41 | +0.326% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.98 | +0.505% | $44K | $706K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.70 | +0.417% | $26.8M | $130.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.50 | +0.354% | $14.4M | $52.4M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.67 | +0.407% | $17.8M | $32.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.60 | +0.385% | $35.9M | $58.1M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.08 | +0.222% | $46K | $260K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.80 | +0.448% | $85K | $1.2M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 319.90 | +0.479% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDTshort | +0.0100% | 4h | 318.91 | +0.168% | $116K | $599K | 20x | |
| Katana Perps TAO-USD | +0.0108% | 8h | 319.91 | +0.483% | $1K | $1.1M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0113% / S +0.0154% | 1h | 319.51 | +0.358% | $426K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0128% | 1h | 319.77 | +0.439% | $176K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0131% | 4h | 319.59 | +0.382% | $53K | $293K | 10x | as long as short |
| MEXC TAO_USDT | +0.0182% | 4h | 319.75 | +0.432% | $108.2M | $151.6M | 300x | as long as short |
| Binance TAOUSDT | +0.0186% | 4h | 319.67 | +0.407% | $92.9M | $528.2M | 75x | as long as short |
| edgeX TAOUSDC | +0.0188% | 4h | 319.19 | +0.256% | $42K | $318K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0245% | 8h | 319.83 | +0.458% | $15K | $1K | 10x | as long as short |
| Bybit TAOUSDT | +0.0277% | 4h | 319.94 | +0.492% | $70.2M | $155.9M | 50x | as long as short |
| BingX TAO-USDT | +0.0282% | 4h | 319.66 | +0.404% | — | $35.4M | — | as long as short |
| Bullet TAO-USD | +0.0307% | 1h | 319.85 | +0.464% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0350% | 4h | 319.50 | +0.354% | $1.3M | $10.9M | 50x | as long as short |
| Extended TAO-USD | +0.0352% | 1h | 319.49 | +0.350% | $908K | $2.4M | 25x | as long as short |
| GRVT TAO_USDT_Perplong | +0.0364% | 4h | 318.37 | long leg | $540K | $917K | 10x | |
| BloFin TAO-USDT | +0.0423% | 4h | 319.99 | +0.508% | $4.7M | $11.1M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0487% | 1h | 319.48 | +0.347% | $15K | $2.0M | 25x | as long as short |
| Nado TAO-PERP | +0.0506% | 1h | 320.11 | +0.545% | $793K | $2.0M | 10x | as long as short |
| Variational Omni TAO | +0.0513% | 4h | 319.68 | +0.409% | $5.7M | $10.2M | — | as long as short |
| Phemex TAOUSDT | +0.0523% | 4h | 319.75 | +0.432% | $3.3M | $8.1M | 50x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 319.84 | +0.462% | $363K | $429K | 10x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 319.50 | +0.354% | $318K | $709K | 5x | as long as short |
| Hyperliquid TAO | +0.0600% | 1h | 320.00 | +0.511% | $94.6M | $110.0M | 5x | as long as short |
| Lighter TAO | +0.0600% | 1h | 319.84 | +0.461% | $1.6M | $6.8M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0624% | 1h | 320.21 | +0.577% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 320.21 | +0.577% | $103K | $389K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0680% | 1h | 319.92 | +0.486% | $298K | $905K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.77 | +0.440% | $368 | — | 20x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.41 | +0.640% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 319.89 | +0.476% | $441K | $677K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1155% | 1h | 319.72 | +0.422% | $6.0M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.52 | +1.616% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
Orderly PERP_TAO_USDC
MEXC TAO_USDT
Binance TAOUSDT
edgeX TAOUSDC
Paradex TAO-USD-PERP
Bybit TAOUSDT
BingX TAO-USDT
Bullet TAO-USD
Aster TAOUSDT
Extended TAO-USD
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
Nado TAO-PERP
Variational Omni TAO
Phemex TAOUSDT
Pacifica TAO
Phoenix TAO
Hyperliquid TAO
Lighter TAO
01 Exchange TAOUSD
Arcus TAO-USD
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP