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: edgeX against HTX+0.942%7-day average +0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$284as in the Funding arb table

Net, price: spread back to 7d avg − costs−$200as in the Price arb table

costs, in and out, $10k−$2832.832% of the position

Long on HTX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 3 days (all we have)−0.886%−$89 · spread now +0.942%, 7d avg +0.114%

Together, before fees−0.898%+ Points / potential airdropedgeX: Active · farm board−$90 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: edgeX is 0.828% dearer against HTX than usual: you sell high and buy low, +$83 on $10k if it goes back to its 7-day average of +0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	304.47	0.0100	pay 0.0050% / 4h	2h 29m	$120K	$352K	20x
Short	edgeX TAOUSDC	307.34	0.0100	get 0.0050% / 4h	2h 29m	$40K	$278K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.942%Rate

Funding earned: $0
Price spread: +0.942% → +0.114%: $82.83
Slippage, 4 orders: −$262.17
Fee HTX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$200.34
Costs to cover: 2.832%
Break-even: never at this rate

Slippage from HTX: live order book, 58 min ago; edgeX: live order book, 58 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, 58 min ago	31.40 bp	168.7 bp −$169	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 58 min ago	6.41 bp	10.9 bp −$11	26.1 bp −$261	doesn't fit	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
dYdX TAO-USD	0.0000%	1h	305.82	+0.443%	$128K	$84K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	305.39	+0.304%	$15K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	305.17	+0.230%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.70	+0.732%	$42K	$523K	20x	as long as short
Pacifica TAO	+0.0100%	1h	306.05	+0.519%	$362K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.65	+0.717%	$85.8M	$402.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.78	+0.759%	$59.3M	$118.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.30	+0.601%	$25.0M	$92.5M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.86	+0.785%	$136K	$594K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	+0.854%	$201K	$57K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	306.30	+0.601%	$12.2M	$48.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	306.55	+0.683%	$113.2M	$123.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	306.40	+0.634%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.33	+0.611%	$34.3M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	306.38	+0.627%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	307.53	+1.005%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDCshort	+0.0100%	4h	307.34	+0.942%	$40K	$278K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	307.77	+1.083%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.19	+0.893%	$46K	$267K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.25	+0.256%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.25	+0.256%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	304.96	+0.161%	$2K	$1.8M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	304.47	long leg	$120K	$352K	20x
Phemex TAOUSDT	+0.0100%	4h	305.56	+0.358%	$3.2M	$7.9M	50x	as long as short
Polymarket Perps TAO-USD	+0.0104%	1h	306.82	+0.772%	$86K	$669K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.46	+0.327%	$168K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	306.47	+0.657%	$3K	$434K	5x	as long as short
Aster TAOUSDT	+0.0147%	4h	305.81	+0.441%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	305.90	+0.471%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	304.99	+0.172%	$435K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	308.30	+1.258%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0298%	1h	306.58	+0.695%	$840K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.28	+0.923%	$4.2M	$9.5M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	306.97	+0.821%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	306.32	+0.607%	$352	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	306.61	+0.704%	$901K	$2.0M	25x	as long as short
Lighter TAO	+0.0944%	1h	306.38	+0.628%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	305.96	+0.489%	$1.5M	$5.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1031%	1h	305.85	+0.452%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	306.86	+0.783%	$410K	$535K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1302%	1h	305.78	+0.430%	$437K	$703K	10x	as long as short
Hyperliquid TAO	+0.1705%	1h	306.98	+0.824%	$93.8M	$75.8M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.62	+1.363%	$22K	$138	12x	as long as short