Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against HTX+0.047%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$229as in the Funding arb table

Net, price: spread back to 7d avg − costs−$234as in the Price arb table

costs, in and out, $10k−$2322.316% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)+0.009%+$1 · spread now +0.047%, 7d avg +0.067%

Together, before fees+0.035%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	317.95	0.0100	pay 0.0050% / 4h	1h 43m	$130K	$477K	20x
Short	Gate TAO_USDT	318.10	0.0100	get 0.0050% / 4h	1h 43m	$13.0M	$49.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.047%Rate

Funding earned: $0
Price spread: +0.047% → +0.067%: −$1.99
Slippage, 4 orders: −$204.6
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$233.59
Costs to cover: 2.316%
Break-even: never at this rate

Slippage from HTX: live order book, 19 min ago; Gate: live order book, 5 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, 19 min ago	18.11 bp	110.6 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	3.17 bp	22.0 bp −$22	36.9 bp −$369	71.2 bp −$7,118	118.3 bp −$59.2K

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	−0.3652%	1h	316.49	−0.459%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	317.54	−0.128%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	318.06	+0.035%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.97	+0.006%	$44K	$653K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	318.44	+0.154%	$92.1M	$470.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.50	+0.173%	$26.3M	$116.2M	50x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	318.10	+0.047%	$13.0M	$49.3M	50x
MEXC TAO_USDT	+0.0100%	4h	318.35	+0.126%	$105.4M	$138.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.27	+0.101%	$17.9M	$30.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.09	+0.044%	$35.5M	$53.8M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.40	−0.486%	$36K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.01	+0.019%	$76K	$759K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	318.29	+0.107%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.98	+0.009%	$2K	$1.9M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	317.95	long leg	$130K	$477K	20x
Phemex TAOUSDT	+0.0100%	4h	318.16	+0.066%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.32	+0.116%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	317.91	−0.013%	$676	$750K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0164% / S +0.0105%	1h	318.00	+0.015%	$431K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0206%	4h	316.82	−0.354%	$523K	$955K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0247%	1h	318.10	+0.048%	$5.6M	$20.5M	50x	as long as short
Bullet TAO-USD	+0.0278%	1h	318.30	+0.110%	$12K	$18K	20x	as long as short
Aster TAOUSDT	+0.0296%	4h	318.37	+0.132%	$1.2M	$9.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0334%	8h	318.13	+0.057%	$14K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	318.09	+0.044%	$4.5M	$10.4M	100x	as long as short
Pacifica TAO	+0.0448%	1h	317.87	−0.025%	$375K	$396K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0481%	1h	318.18	+0.071%	$17K	$1.6M	25x	as long as short
Phoenix TAO	+0.0504%	1h	318.30	+0.110%	$334K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	318.16	+0.066%	$100K	$489K	5x	as long as short
Nado TAO-PERP	+0.0542%	1h	318.10	+0.048%	$767K	$2.1M	10x	as long as short
Bybit TAOUSDT	+0.0676%	4h	318.47	+0.164%	$67.8M	$139.6M	50x	as long as short
BingX TAO-USDT	+0.0684%	4h	318.33	+0.120%	—	$30.3M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	318.25	+0.094%	$366	—	20x	as long as short
01 Exchange TAOUSD	+0.0736%	1h	318.28	+0.104%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0885%	4h	316.62	−0.418%	$5.9M	$9.7M	—	as long as short
Extended TAO-USD	+0.0912%	1h	318.19	+0.075%	$900K	$2.3M	25x	as long as short
ApeX Omni TAOUSDT	+0.0923%	1h	316.03	−0.604%	$46K	$253K	50x	as long as short
Backpack TAO_USDC_PERP	+0.0928%	1h	318.60	+0.204%	$438K	$861K	10x	as long as short
Lighter TAO	+0.0984%	1h	318.59	+0.202%	$1.6M	$6.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	318.48	+0.167%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	317.93	−0.008%	$450K	$626K	5x	as long as short
Hyperliquid TAO	+0.1409%	1h	318.68	+0.230%	$100.3M	$98.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	319.69	+0.547%	$23K	$2K	12x	as long as short