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: Binance against HTX−0.111%53s7-day average +0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs−$152as 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−$1511.506% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 3 days (all we have)+0.262%+$26 · spread now −0.111%, 7d avg +0.118%

Together, before fees+0.250%+$25 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: Binance is 0.229% cheaper against HTX than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.118%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	316.16	0.0100	pay 0.0050% / 4h	2m 23s	$129K	$423K	20x
Short	Binance TAOUSDT	315.81	0.0100	get 0.0050% / 4h	2m 23s	$89.6M	$431.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.111%Rate

Funding earned: $0
Price spread: −0.111% → +0.118%: −$22.88
Slippage, 4 orders: −$128.64
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$173.53
Costs to cover: 1.506%
Break-even: never at this rate

Slippage from HTX: live order book, 11 min ago; Binance: live order book, 11 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, 11 min ago	18.94 bp	105.2 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	0.64 bp	8.8 bp −$9	14.8 bp −$148	33.1 bp −$3,306	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	−0.2086%	1h	311.96	−1.328%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.75	−0.446%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.55	−0.192%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	315.12	−0.329%	$23K	$374	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.77	−0.123%	$39K	$568K	20x	as long as short
Pacifica TAO	+0.0100%	1h	315.35	−0.256%	$373K	$363K	10x	as long as short
Binance TAOUSDTshort	+0.0100%	4h	315.81	−0.111%	$89.6M	$431.3M	75x
Bybit TAOUSDT	+0.0100%	4h	316.03	−0.041%	$64.9M	$128.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.80	−0.114%	$25.4M	$103.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.60	−0.177%	$12.6M	$50.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	315.75	−0.130%	$111.6M	$132.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.71	−0.142%	$18.8M	$28.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.61	−0.174%	$35.3M	$47.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.87	−0.092%	—	$30.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.07	−0.978%	$41K	$281K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.90	−1.032%	$524K	$952K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.33	−1.211%	$47K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.85	−0.098%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.72	−0.139%	$61K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.36	−0.253%	$2K	$1.8M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	316.16	long leg	$129K	$423K	20x
Phemex TAOUSDT	+0.0100%	4h	315.53	−0.199%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.23	+0.024%	$174K	$998	3x	as long as short
Polymarket Perps TAO-USD	+0.0111%	1h	315.94	−0.070%	$77K	$450K	5x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	315.77	−0.123%	$1K	$577K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	315.57	−0.188%	$450K	—	100x	as long as short
Arcus TAO-USD	+0.0186%	1h	315.76	−0.127%	$83K	$545K	5x	as long as short
Aster TAOUSDT	+0.0187%	4h	315.80	−0.114%	$1.1M	$7.9M	50x	as long as short
Paradex TAO-USD-PERP	+0.0198%	8h	315.39	−0.244%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0220%	4h	312.31	−1.217%	$3.9M	$7.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.59	−0.180%	$4.4M	$10.6M	100x	as long as short
Nado TAO-PERP	+0.0431%	1h	315.72	−0.138%	$857K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0445%	1h	315.65	−0.160%	$5.8M	$19.9M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0446%	1h	315.77	−0.122%	$25K	$1.5M	25x	as long as short
Phoenix TAO	+0.0537%	1h	315.70	−0.145%	$330K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0545%	1h	315.90	−0.082%	$297K	$804K	10x	as long as short
01 Exchange TAOUSD	+0.0592%	1h	316.01	−0.047%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	315.77	−0.123%	$363	—	20x	as long as short
Extended TAO-USD	+0.0880%	1h	315.34	−0.258%	$926K	$2.2M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	317.76	+0.506%	$1.5M	$5.9M	50x	as long as short
Lighter TAO	+0.1192%	1h	315.44	−0.229%	$1.6M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	315.82	−0.108%	$418K	$585K	5x	as long as short
Hyperliquid TAO	+0.1590%	1h	316.32	+0.051%	$99.1M	$84.8M	5x	as long as short