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: MEXC against HTX−0.057%7-day average +0.110% · you buy dearer than you sell

Net, funding: paid 7d − costs−$139as in the Funding arb table

Net, price: spread back to 7d avg − costs−$154as in the Price arb table

costs, in and out, $10k−$1371.374% of the position

Long on HTX Short on MEXC

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)+0.205%+$21 · spread now −0.057%, 7d avg +0.110%

Together, before fees+0.193%+$19 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: MEXC is 0.167% cheaper against HTX than usual: you would sell low and buy high, −$17 on $10k if it goes back to its 7-day average of +0.110%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	314.02	0.0100	pay 0.0050% / 4h	49m 17s	$128K	$394K	20x
Short	MEXC TAO_USDT	313.84	0.0100	get 0.0050% / 4h	49m 17s	$121.0M	$126.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.057%Rate

Funding earned: $0
Price spread: −0.057% → +0.110%: −$16.73
Slippage, 4 orders: −$125.4
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$154.13
Costs to cover: 1.374%
Break-even: never at this rate

Slippage from HTX: live order book, 29 min ago; MEXC: 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, 29 min ago	25.13 bp	88.3 bp −$88	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.80 bp	2.3 bp −$2	9.5 bp −$95	25.3 bp −$2,532	126.0 bp −$63.0K

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	−0.4722%	1h	314.01	−0.003%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.16	−0.275%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.65	−0.119%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.39	+0.118%	$23K	$260	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.14	−0.280%	$40K	$549K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.58	−0.140%	$371K	$372K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.00	−0.005%	$88.9M	$421.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.12	+0.032%	$61.4M	$123.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.00	−0.006%	$25.2M	$100.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.60	−0.134%	$12.6M	$48.7M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDTshort	+0.0100%	4h	313.84	−0.057%	$121.0M	$126.2M	300x
KuCoin TAOUSDTM	+0.0100%	4h	313.22	−0.255%	$19.1M	$27.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.71	−0.099%	$35.1M	$46.2M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.87	−0.048%	—	$30.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.44	−0.185%	$41K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.12	+0.031%	$519K	$950K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.37	−0.207%	$47K	$269K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.79	−0.073%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.70	−0.102%	$2K	$1.8M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	314.02	long leg	$128K	$394K	20x
Phemex TAOUSDT	+0.0100%	4h	313.79	−0.073%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.00	−0.006%	$172K	$998	3x	as long as short
Polymarket Perps TAO-USD	+0.0105%	1h	313.49	−0.169%	$77K	$524K	5x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.28	−0.236%	$959	$536K	5x	as long as short
Bullet TAO-USD	+0.0134%	1h	313.88	−0.046%	$11K	$17K	20x	as long as short
Variational Omni TAO	+0.0173%	4h	313.59	−0.138%	$3.8M	$6.9M	—	as long as short
Paradex TAO-USD-PERP	+0.0186%	8h	313.32	−0.222%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.61	−0.131%	$83K	$626K	5x	as long as short
Aster TAOUSDT	+0.0210%	4h	314.00	−0.006%	$1.1M	$7.8M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.07	+0.016%	$4.3M	$9.8M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0391%	1h	313.90	−0.038%	$19K	$1.4M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0447%	1h	313.97	−0.014%	$5.8M	$19.8M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0476% / S −0.0175%	1h	313.59	−0.137%	$449K	—	100x	as long as short
Nado TAO-PERP	+0.0496%	1h	313.12	−0.287%	$838K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.70	−0.420%	$334K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0575%	1h	313.50	−0.166%	$300K	$798K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.38	−0.204%	$360	—	20x	as long as short
Extended TAO-USD	+0.0824%	1h	313.92	−0.033%	$864K	$2.1M	25x	as long as short
01 Exchange TAOUSD	+0.0840%	1h	313.52	−0.159%	$3K	$4K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.34	+0.102%	$1.5M	$5.7M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.37	−0.209%	$431K	$536K	5x	as long as short
Lighter TAO	+0.1616%	1h	314.45	+0.136%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.2188%	1h	314.01	−0.003%	$98.4M	$82.8M	5x	as long as short