Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0017%/8h= +1.9% APRnext payment +$0.09 per $10,000 · paid last 24h +0.043%
Price spread now: Aster against HTX+0.227%53s7-day average +0.162% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2812.808% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.237%+$24 on $10k
Price spread, last 3 days (all we have)−0.140%−$14 · spread now +0.227%, 7d avg +0.162%
Together, before fees+0.097%+ Points / potential airdropAster: Stage 5 · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.065% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.162%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX TAO-USDT304.960.0100pay 0.0050% / 4h2h 38m$120K$352K20x
ShortAster TAOUSDT305.650.0117get 0.0059% / 4h2h 38m$1.1M$7.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster 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

Funding earned
$3.57
Price spread: +0.227% → +0.162%
$6.47
Slippage, 4 orders
−$260.85
Fee HTX: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
−$270.81
Costs to cover
2.808%
Break-even
537.4 days
Slippage from HTX: live order book, 49 min ago; Aster: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 49 min ago31.40 bp168.7 bp −$169doesn't fitdoesn't fitdoesn't fit
Sell Aster live order book, 5 min ago3.60 bp9.2 bp −$924.9 bp −$249211.3 bp −$21.1Kdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h305.37+0.134%$128K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h305.57+0.199%$19K150xas long as short
Popdex TAOUSDT+0.0096%1h305.65+0.226%$41K$526K20xas long as short
Pacifica TAO+0.0100%1h305.76+0.263%$361K$400K10xas long as short
Binance TAOUSDT+0.0100%4h305.74+0.256%$85.7M$401.4M75xas long as short
Bybit TAOUSDT+0.0100%4h305.87+0.298%$58.9M$117.6M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h305.70+0.243%$24.9M$92.2M50xas long as short
Arcus TAO-USD+0.0100%1h306.06+0.361%$137K$593K5xas long as short
Gate TAO_USDT+0.0100%4h305.50+0.177%$12.1M$47.7M50xas long as short
MEXC TAO_USDT+0.0100%4h305.67+0.233%$112.4M$122.3M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h305.63+0.220%$18.4M$26.4M75xas long as short
Bitget TAOUSDT+0.0100%4h305.46+0.164%$34.3M$44.4M50xas long as short
BingX TAO-USDT+0.0100%4h305.75+0.259%$30.4Mas long as short
Variational Omni TAO+0.0100%4h306.23+0.417%$3.6M$6.7Mas long as short
edgeX TAOUSDC+0.0100%4h305.88+0.303%$40K$276K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h305.96+0.327%$536K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h305.81+0.279%$46K$267K50xas long as short
Bullet TAO-USD+0.0100%1h305.72+0.248%$12K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h305.72+0.249%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h305.02+0.020%$1K$1.8M20xas long as short
HTX TAO-USDTlong+0.0100%4h304.96long leg$120K$352K20x
Phemex TAOUSDT+0.0100%4h304.99+0.010%$3.2M$8.0M50xas long as short
Aevo TAO-PERP+0.0104%1h305.66+0.230%$168K$9983xas long as short
Polymarket Perps TAO-USD+0.0111%1h305.72+0.249%$85K$669K5xas long as short
Katana Perps TAO-USD+0.0113%8h305.69+0.239%$2K$426K5xas long as short
Aster TAOUSDTshort+0.0117%4h305.65+0.227%$1.1M$7.5M50x
Deribit TAO_USDC-PERPETUAL+0.0124%1h305.16+0.065%$13K$1.3M25xas long as short
Paradex TAO-USD-PERP+0.0166%8h305.74+0.256%$14K$99210xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h305.54+0.191%$436K100xas long as short
Phoenix TAO+0.0234%1h305.80+0.275%$324K$462K5xas long as short
Nado TAO-PERP+0.0236%1h305.77+0.266%$845K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h305.23+0.089%$4.2M$9.4M100xas long as short
01 Exchange TAOUSD+0.0488%1h306.09+0.371%$3K$4K5xas long as short
Extended TAO-USD+0.0656%1h305.80+0.274%$873K$1.9M25xas long as short
Bulk TAO-USD+0.0668%1h304.81−0.049%$200K$57K10xas long as short
Reya TAORUSDPERP+0.0694%1h305.62+0.218%$35120xas long as short
Lighter TAO+0.0824%1h306.01+0.346%$1.6M$4.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h306.88+0.630%$1.5M$5.3M50xas long as short
Kraken Futures PF_TAOUSD+0.1033%1h305.24+0.090%$6.2M$19.5M50xas long as short
RISEx TAO/USDC+0.1053%1h305.97+0.330%$408K$534K5xas long as short
Backpack TAO_USDC_PERP+0.1231%1h305.58+0.203%$467K$683K10xas long as short
Hyperliquid TAO+0.1609%1h306.23+0.416%$92.9M$75.3M5xas long as short
Injective TAO/USDC PERP+0.4876%1h307.78+0.925%$22K$13612xas long as short