Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Katana Perps against HTX+0.422%7-day average +0.125% · you sell dearer than you buy

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

Long on HTX Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.173%+$17 on $10k

Price spread, last 4 days (all we have)−0.466%−$47 · spread now +0.422%, 7d avg +0.125%

Together, before fees−0.293%−$29 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: Katana Perps is 0.297% dearer against HTX than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of +0.125%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	315.16	0.0100	pay 0.0050% / 4h	3h 49m	$115K	$589K	20x
Short	Katana Perps TAO-USD	316.49	0.0100	get 0.0100% / 8h	7h 49m	$2K	$1.2M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now +0.422%Rate

Funding earned: −$0.04
Price spread: +0.422% → +0.125%: $29.7
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: $13.86
Costs to cover: 0.158%
Break-even: from the start

Slippage unknown: HTX: live order book, 49 min ago; Katana Perps: 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, 49 min ago	8.86 bp	93.4 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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 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	316.03	+0.276%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0095%	1h	315.36	+0.063%	$127K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.31	+0.048%	$49K	$717K	20x	as long as short
Katana Perps TAO-USDshort	+0.0100%	8h	316.49	+0.422%	$2K	$1.2M	5x
OKX TAO-USDT-SWAP	+0.0100%	8h	316.70	+0.489%	$26.3M	$131.1M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.09	+0.612%	$168K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.40	+0.393%	$14.8M	$49.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.59	+0.454%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.53	+0.435%	$35.7M	$57.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.00	−0.051%	$86K	$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	315.12	−0.013%	$2K	$1.9M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	315.16	long leg	$115K	$589K	20x
Aevo TAO-PERP	+0.0120%	1h	315.56	+0.125%	$173K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0140%	4h	316.42	+0.399%	$542K	$887K	10x	as long as short
Binance TAOUSDT	+0.0158%	4h	316.38	+0.388%	$92.6M	$531.6M	75x	as long as short
MEXC TAO_USDT	+0.0164%	4h	316.54	+0.438%	$103.8M	$151.5M	300x	as long as short
edgeX TAOUSDC	+0.0167%	4h	316.51	+0.428%	$42K	$320K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0200%	4h	315.39	+0.073%	$54K	$299K	10x	as long as short
Paradex TAO-USD-PERP	+0.0251%	8h	316.75	+0.505%	$14K	$876	10x	as long as short
Bullet TAO-USD	+0.0268%	1h	315.40	+0.076%	$12K	$17K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0302%	1h	315.24	+0.026%	$15K	$1.9M	25x	as long as short
ApeX Omni TAOUSDT	+0.0308%	1h	316.74	+0.501%	$46K	$259K	50x	as long as short
Aster TAOUSDT	+0.0316%	4h	316.27	+0.353%	$1.2M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	316.47	+0.415%	$371K	$442K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0365% / S −0.0107%	1h	315.02	−0.046%	$370K	—	100x	as long as short
Extended TAO-USD	+0.0384%	1h	316.71	+0.491%	$894K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0404%	4h	315.64	+0.152%	$4.8M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	317.03	+0.593%	$100K	$377K	5x	as long as short
Hyperliquid TAO	+0.0567%	1h	316.37	+0.384%	$93.4M	$109.9M	5x	as long as short
Phoenix TAO	+0.0578%	1h	316.50	+0.425%	$318K	$714K	5x	as long as short
Nado TAO-PERP	+0.0582%	1h	315.35	+0.059%	$774K	$2.0M	10x	as long as short
Bybit TAOUSDT	+0.0598%	4h	316.61	+0.460%	$69.7M	$156.3M	50x	as long as short
Variational Omni TAO	+0.0612%	4h	316.00	+0.267%	$5.6M	$10.1M	—	as long as short
01 Exchange TAOUSD	+0.0616%	1h	316.84	+0.533%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0680%	1h	316.62	+0.462%	$1.6M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	315.29	+0.042%	$363	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0763%	1h	315.32	+0.051%	$315K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0789%	1h	315.30	+0.045%	$5.9M	$21.3M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	316.75	+0.505%	$448K	$669K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	315.68	+0.165%	$1.2M	$7.2M	50x	as long as short
BingX TAO-USDT	+0.1210%	4h	316.67	+0.479%	—	$37.4M	—	as long as short
Phemex TAOUSDT	+0.1665%	4h	315.15	−0.003%	$3.2M	$8.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	321.91	+2.142%	$23K	$2K	12x	as long as short