Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against HTX+0.193%7-day average +0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs−$520as in the Funding arb table

Net, price: spread back to 7d avg − costs−$522as in the Price arb table

costs, in and out, $10k−$5275.268% of the position

Long on HTX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.193%, 7d avg +0.142%

Together, before fees−0.003%$0 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: Aevo is 0.050% dearer against HTX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.142%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	311.44	0.0100	pay 0.0050% / 4h	3h 07m	$110K	$542K	20x
Short	Aevo TAO-PERP	312.04	0.0104	get 0.0013% / 1h	7m 53s	$171K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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 HTXbpFee AevobpOrdersPrice spread, now +0.193%Rate

Funding earned: $0.84
Price spread: +0.193% → +0.142%: $5.02
Slippage, 4 orders: −$498.84
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$520.98
Costs to cover: 5.268%
Break-even: 4348.5 days

Slippage from HTX: live order book, 46 min ago; Aevo: live order book, 46 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 HTX live order book, 46 min ago	14.04 bp	111.5 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 46 min ago	76.45 bp	226.3 bp −$226	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
Kraken Futures PF_TAOUSD	−0.0348%	1h	311.84	+0.127%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.81	+0.117%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0009%	1h	311.62	+0.058%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.70	+0.083%	$48K	$661K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	311.36	−0.026%	$2K	$857K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.71	+0.086%	$355K	$416K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.16	+0.230%	$89.2M	$502.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.20	+0.244%	$26.0M	$121.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.80	+0.116%	$13.3M	$50.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.14	+0.225%	$103.2M	$145.8M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	312.08	+0.205%	$17.5M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.87	+0.138%	$35.0M	$56.6M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.53	+0.350%	$41K	$313K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.48	+0.334%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.64	+0.064%	$81K	$905K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.02	+0.185%	$12K	$17K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.42	−0.006%	$1K	$1.9M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	311.44	long leg	$110K	$542K	20x
Phemex TAOUSDT	+0.0100%	4h	311.66	+0.071%	$3.1M	$8.0M	50x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	312.04	+0.193%	$171K	$998	3x
Aster TAOUSDT	+0.0105%	4h	311.91	+0.151%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0113%	4h	312.05	+0.196%	$52K	$290K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0114%	4h	312.81	+0.439%	$531K	$956K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0135% / S +0.0137%	1h	311.74	+0.096%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0165%	8h	311.69	+0.080%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0180%	4h	312.14	+0.225%	—	$33.8M	—	as long as short
Arcus TAO-USD	+0.0231%	1h	311.95	+0.164%	$101K	$394K	5x	as long as short
Bybit TAOUSDT	+0.0271%	4h	312.30	+0.276%	$67.4M	$150.9M	50x	as long as short
Extended TAO-USD	+0.0304%	1h	312.09	+0.210%	$909K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0316%	1h	311.88	+0.140%	$787K	$2.2M	10x	as long as short
Variational Omni TAO	+0.0325%	4h	312.94	+0.481%	$5.5M	$10.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.89	+0.144%	$4.5M	$10.8M	100x	as long as short
Phoenix TAO	+0.0457%	1h	312.70	+0.405%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0464%	1h	312.28	+0.270%	$91.7M	$107.9M	5x	as long as short
Bulk TAO-USD	+0.0468%	1h	310.75	−0.222%	$165K	$333	10x	as long as short
Backpack TAO_USDC_PERP	+0.0479%	1h	312.04	+0.193%	$310K	$885K	10x	as long as short
01 Exchange TAOUSD	+0.0488%	1h	311.85	+0.132%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0489%	1h	311.97	+0.171%	$12K	$1.8M	25x	as long as short
Lighter TAO	+0.0624%	1h	312.42	+0.313%	$1.5M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.93	+0.157%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.70	+0.085%	$441K	$647K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.08	+0.205%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	316.67	+1.679%	$23K	$2K	12x	as long as short