Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0124%/8h= +13.6% APRpaid last 24h 0.000%

Price spread now: Bullet against HTX+0.057%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Bullet is 0.057% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	314.34	0.0100	pay 0.0050% / 4h	2h 26m	$129K	$472K	20x
Short	Bullet TAO-USD	314.52	0.0224	get 0.0028% / 1h	26m 34s	$12K	$17K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.057%Rate

Funding earned: $26.13
Price spread: +0.057% → 0.000%: $5.73
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Bullet: 4 bp × 2 orders: −$8
Net: $11.85
Costs to cover: 0.200%
Break-even: 3.8 days

Slippage unknown: HTX: live order book, 42 min ago; Bullet: no order-book sample. Net counts fees only.

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, 42 min ago	21.48 bp	103.5 bp −$103	doesn't fit	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TAO on 42 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
dYdX TAO-USD	0.0000%	1h	315.19	+0.269%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	314.22	−0.039%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.43	+0.347%	$39K	$626K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.39	+0.334%	$90.4M	$464.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.20	+0.274%	$25.9M	$112.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.20	+0.274%	$12.8M	$50.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.33	+0.315%	$109.3M	$138.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.03	+0.220%	$18.1M	$30.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.11	+0.245%	$35.2M	$53.3M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.67	−0.531%	$35K	$298K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	313.06	−0.407%	$47K	$256K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	314.54	+0.064%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.35	+0.003%	$2K	$1.9M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	314.34	long leg	$129K	$472K	20x
Phemex TAOUSDT	+0.0100%	4h	314.26	−0.025%	$3.4M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.86	+0.166%	$173K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0116%	4h	313.32	−0.326%	$516K	$966K	10x	as long as short
Katana Perps TAO-USD	+0.0121%	8h	315.57	+0.391%	$1K	$700K	5x	as long as short
Polymarket Perps TAO-USD	+0.0148%	1h	315.38	+0.331%	$83K	$679K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0168%	1h	314.46	+0.040%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0091%	1h	314.13	−0.067%	$439K	—	100x	as long as short
Bullet TAO-USDshort	+0.0224%	1h	314.52	+0.057%	$12K	$17K	20x
Aster TAOUSDT	+0.0238%	4h	315.09	+0.240%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	315.50	+0.370%	$371K	$381K	10x	as long as short
Paradex TAO-USD-PERP	+0.0332%	8h	315.42	+0.344%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	315.73	+0.442%	$99K	$529K	5x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	312.28	−0.655%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0503%	1h	315.31	+0.309%	$780K	$2.1M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0574%	1h	314.52	+0.057%	$24K	$1.5M	25x	as long as short
Phoenix TAO	+0.0588%	1h	312.30	−0.649%	$326K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	315.74	+0.445%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	314.43	+0.027%	$362	—	20x	as long as short
BingX TAO-USDT	+0.0760%	4h	315.39	+0.334%	—	$31.0M	—	as long as short
Variational Omni TAO	+0.0774%	4h	311.95	−0.761%	$5.4M	$8.8M	—	as long as short
Bybit TAOUSDT	+0.0832%	4h	315.46	+0.356%	$66.1M	$137.6M	50x	as long as short
Extended TAO-USD	+0.0896%	1h	315.28	+0.298%	$903K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0897%	1h	314.73	+0.124%	$318K	$814K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	315.37	+0.328%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	315.46	+0.356%	$451K	$630K	5x	as long as short
Hyperliquid TAO	+0.1234%	1h	315.50	+0.369%	$99.7M	$94.8M	5x	as long as short
Lighter TAO	+0.1424%	1h	315.82	+0.472%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−1.716%	$164K	$40K	10x	as long as short