TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against HTX+0.127%59s7-day average +0.124% · you sell dearer than you buy

Net, funding: paid 7d − costs−$176as 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−$2222.216% of the position

Long on HTX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.454%+$45 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.127%, 7d avg +0.124%

Together, before fees+0.439%+$44 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.124%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate. The two prices were read 59 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	315.53	0.0100	pay 0.0050% / 4h	46m 02s	$109K	$527K	20x
Short	BloFin TAO-USDT	315.93	0.0340	get 0.0170% / 4h	46m 02s	$4.5M	$10.9M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.127%Rate

Funding earned: $50.4
Price spread: +0.127% → +0.124%: $0.25
Slippage, 4 orders: −$197.58
Fee HTX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$170.93
Costs to cover: 2.216%
Break-even: 30.7 days

Slippage from HTX: live order book, 12 min ago; BloFin: live order book, 3 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, 12 min ago	13.02 bp	112.9 bp −$113	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	0.16 bp	7.5 bp −$8	17.0 bp −$170	34.3 bp −$3,434	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	−0.0499%	1h	315.15	−0.120%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.31	−0.069%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.50	−0.009%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	316.03	+0.160%	$5.6M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.54	+0.003%	$42K	$685K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.33	+0.252%	$91.2M	$489.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.20	+0.212%	$26.0M	$119.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.00	+0.149%	$13.0M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.33	+0.254%	$105.7M	$142.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.13	+0.190%	$17.6M	$31.6M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	316.24	+0.225%	$35.3M	$55.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.23	−0.412%	$35K	$303K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.21	−0.418%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.49	−0.013%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.71	+0.057%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.84	+0.098%	$2K	$1.9M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	315.53	long leg	$109K	$527K	20x
Phemex TAOUSDT	+0.0100%	4h	315.97	+0.139%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.76	+0.072%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0104%	8h	315.31	−0.070%	$645	$785K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0106%	4h	314.83	−0.221%	$524K	$944K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0124%	4h	315.88	+0.111%	$57K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0152% / S +0.0116%	1h	315.44	−0.029%	$428K	—	100x	as long as short
Bybit TAOUSDT	+0.0154%	4h	316.40	+0.276%	$68.8M	$146.4M	50x	as long as short
BingX TAO-USDT	+0.0184%	4h	316.28	+0.238%	—	$30.1M	—	as long as short
Paradex TAO-USD-PERP	+0.0195%	8h	315.58	+0.016%	$14K	$1K	10x	as long as short
01 Exchange TAOUSD	+0.0200%	1h	315.50	−0.010%	$3K	$4K	5x	as long as short
Nado TAO-PERP	+0.0210%	1h	315.61	+0.026%	$807K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0221%	4h	316.08	+0.174%	$1.2M	$10.1M	50x	as long as short
Hyperliquid TAO	+0.0250%	1h	316.46	+0.295%	$94.4M	$104.9M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0301%	1h	316.41	+0.279%	$317K	$910K	10x	as long as short
Extended TAO-USD	+0.0328%	1h	316.27	+0.236%	$922K	$2.4M	25x	as long as short
BloFin TAO-USDTshort	+0.0340%	4h	315.93	+0.127%	$4.5M	$10.9M	100x
Arcus TAO-USD	+0.0345%	1h	315.84	+0.098%	$100K	$488K	5x	as long as short
Pacifica TAO	+0.0365%	1h	315.53	0.000%	$362K	$409K	10x	as long as short
Lighter TAO	+0.0376%	1h	316.23	+0.222%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0553%	1h	316.17	+0.204%	$11K	$1.6M	25x	as long as short
Phoenix TAO	+0.0581%	1h	314.50	−0.326%	$313K	$697K	5x	as long as short
Variational Omni TAO	+0.0641%	4h	315.94	+0.129%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.57	+0.014%	$363	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.60	+0.021%	$436K	$658K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.48	+0.301%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.61	+1.293%	$23K	$2K	12x	as long as short