TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0036%/8h= +3.9% APRnext payment +$0.18 per $10,000 · paid last 24h +0.009%

Price spread now: BingX against HTX−0.194%7-day average +0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$117as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1261.257% of the position

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 4 days (all we have)+0.290%+$29 · spread now −0.194%, 7d avg +0.101%

Together, before fees+0.378%+$38 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.295% cheaper against HTX than usual: you would sell low and buy high (spread −0.194% now, against its 7-day average of +0.101%). If the spread goes back, that is −$30 on $10k: about 27 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	318.87	0.0100	pay 0.0050% / 4h	3h 22m	$115K	$575K	20x
Short	BingX TAO-USDT	318.25	0.0136	get 0.0068% / 4h	3h 22m	—	$38.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.194%Rate

Funding earned: $7.56
Price spread: −0.194% → +0.101%: −$29.51
Slippage, 4 orders: −$103.74
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$147.69
Costs to cover: 1.257%
Break-even: 143.7 days

Slippage from HTX: live order book, 11 min ago; BingX: live order book, 16 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	16.57 bp	89.7 bp −$90	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 16 min ago	0.63 bp	6.5 bp −$6	9.1 bp −$91	20.4 bp −$2,037	47.0 bp −$23.5K

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 −0.0003%	1h	318.92	+0.016%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.32	+0.141%	$51K	$698K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	317.70	−0.367%	$69.4M	$155.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.80	−0.336%	$26.5M	$130.5M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.14	−1.170%	$167K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.10	−0.241%	$15.2M	$49.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.70	−0.053%	$17.6M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.49	−0.433%	$35.8M	$57.2M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.76	−1.603%	$45K	$256K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.90	+0.009%	$88K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	318.60	−0.085%	$2K	$1.9M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	318.87	long leg	$115K	$575K	20x
Phemex TAOUSDT	+0.0100%	4h	318.48	−0.122%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	319.76	+0.279%	$1K	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	318.40	−0.148%	$175K	$998	3x	as long as short
BingX TAO-USDTshort	+0.0136%	4h	318.25	−0.194%	—	$38.8M	—
edgeX TAOUSDC	+0.0136%	4h	313.92	−1.552%	$41K	$321K	10x	as long as short
MEXC TAO_USDT	+0.0140%	4h	318.69	−0.056%	$107.6M	$153.0M	300x	as long as short
Binance TAOUSDT	+0.0141%	4h	317.70	−0.367%	$92.8M	$524.2M	75x	as long as short
dYdX TAO-USD	+0.0204%	1h	313.52	−1.678%	$126K	$86K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0208%	4h	313.72	−1.614%	$531K	$838K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0227%	4h	318.95	+0.025%	$54K	$298K	10x	as long as short
Paradex TAO-USD-PERP	+0.0236%	8h	318.55	−0.101%	$14K	$876	10x	as long as short
Bullet TAO-USD	+0.0276%	1h	319.33	+0.144%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0317%	4h	317.71	−0.364%	$1.2M	$11.2M	50x	as long as short
Pacifica TAO	+0.0349%	1h	318.53	−0.107%	$367K	$445K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0363% / S −0.0107%	1h	318.23	−0.200%	$374K	—	100x	as long as short
Extended TAO-USD	+0.0376%	1h	317.74	−0.354%	$901K	$2.2M	25x	as long as short
BloFin TAO-USDT	+0.0381%	4h	319.21	+0.107%	$4.8M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	319.12	+0.078%	$100K	$360K	5x	as long as short
Nado TAO-PERP	+0.0451%	1h	319.19	+0.099%	$771K	$2.0M	10x	as long as short
Hyperliquid TAO	+0.0519%	1h	318.27	−0.188%	$93.3M	$108.1M	5x	as long as short
Phoenix TAO	+0.0578%	1h	315.70	−0.994%	$318K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0584%	1h	319.95	+0.339%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0597%	4h	313.84	−1.576%	$5.5M	$10.1M	—	as long as short
Lighter TAO	+0.0696%	1h	319.06	+0.060%	$1.6M	$6.7M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.25	+0.121%	$367	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0723%	1h	318.29	−0.182%	$314K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0780%	1h	318.94	+0.020%	$6.1M	$21.3M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	318.82	−0.015%	$454K	$710K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0893%	1h	318.93	+0.018%	$9K	$1.9M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	319.58	+0.223%	$1.1M	$7.5M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	317.77	−0.345%	$23K	$2K	12x	as long as short