Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against HTX+0.139%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$160as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1671.666% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.139%, 7d avg +0.064%

Together, before fees+0.083%+$8 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: Bitget is 0.074% dearer against HTX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	317.43	0.0100	pay 0.0050% / 4h	52m 45s	$116K	$603K	20x
Short	Bitget TAOUSDT	317.87	0.0100	get 0.0050% / 4h	52m 45s	$35.7M	$58.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → +0.064%: $7.42
Slippage, 4 orders: −$142.57
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$159.15
Costs to cover: 1.666%
Break-even: never at this rate

Slippage from HTX: live order book, 51 min ago; Bitget: live order book, 1 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, 51 min ago	11.74 bp	90.8 bp −$91	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	0.31 bp	12.5 bp −$13	18.6 bp −$186	26.7 bp −$2,667	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.22	−0.065%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0025%	1h	317.28	−0.047%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.86	+0.135%	$44K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.10	+0.211%	$26.6M	$130.2M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.85	+0.132%	$169K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.90	+0.148%	$14.4M	$50.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.18	+0.236%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDTshort	+0.0100%	4h	317.87	+0.139%	$35.7M	$58.0M	50x
ApeX Omni TAOUSDT	+0.0100%	1h	317.36	−0.022%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.63	+0.063%	$84K	$1.2M	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	317.53	+0.032%	$1K	$2.0M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	317.43	long leg	$116K	$603K	20x
Katana Perps TAO-USD	+0.0107%	8h	318.26	+0.261%	$722	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0110% / S +0.0157%	1h	317.18	−0.080%	$423K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	317.54	+0.035%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0137%	4h	317.49	+0.019%	$53K	$293K	10x	as long as short
MEXC TAO_USDT	+0.0166%	4h	318.20	+0.243%	$107.5M	$150.4M	300x	as long as short
Binance TAOUSDT	+0.0168%	4h	318.21	+0.246%	$92.4M	$529.1M	75x	as long as short
edgeX TAOUSDC	+0.0171%	4h	317.34	−0.029%	$42K	$318K	10x	as long as short
Paradex TAO-USD-PERP	+0.0231%	8h	318.11	+0.216%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0242%	4h	318.12	+0.217%	—	$36.9M	—	as long as short
Bybit TAOUSDT	+0.0249%	4h	318.30	+0.274%	$69.7M	$156.2M	50x	as long as short
Pacifica TAO	+0.0313%	1h	318.27	+0.265%	$361K	$427K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0316%	4h	317.65	+0.070%	$542K	$926K	10x	as long as short
Bullet TAO-USD	+0.0326%	1h	317.61	+0.057%	$12K	$17K	20x	as long as short
Extended TAO-USD	+0.0328%	1h	318.15	+0.227%	$904K	$2.4M	25x	as long as short
Aster TAOUSDT	+0.0329%	4h	318.17	+0.233%	$1.3M	$11.0M	50x	as long as short
Lighter TAO	+0.0392%	1h	318.38	+0.300%	$1.6M	$6.8M	5x	as long as short
BloFin TAO-USDT	+0.0406%	4h	317.78	+0.110%	$4.7M	$11.0M	100x	as long as short
Nado TAO-PERP	+0.0458%	1h	317.68	+0.078%	$787K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	318.47	+0.328%	$103K	$389K	5x	as long as short
Variational Omni TAO	+0.0498%	4h	316.92	−0.162%	$5.6M	$10.3M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0572%	1h	317.48	+0.017%	$15K	$2.0M	25x	as long as short
Phemex TAOUSDT	+0.0605%	4h	317.76	+0.104%	$3.2M	$8.2M	50x	as long as short
Phoenix TAO	+0.0629%	1h	318.20	+0.243%	$317K	$703K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0666%	1h	317.91	+0.151%	$296K	$905K	10x	as long as short
01 Exchange TAOUSD	+0.0696%	1h	318.13	+0.221%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.50	+0.022%	$365	—	20x	as long as short
Hyperliquid TAO	+0.0715%	1h	318.50	+0.337%	$94.2M	$110.0M	5x	as long as short
RISEx TAO/USDC	+0.0831%	1h	318.18	+0.235%	$440K	$679K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0834%	1h	317.66	+0.073%	$5.9M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.84	+0.444%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	320.67	+1.021%	$23K	$2K	12x	as long as short