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% APRpaid last 24h 0.000%

Price spread now: OKX against HTX+0.164%54s7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs−$152as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1531.532% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 3 days (all we have)+0.023%+$2 · spread now +0.164%, 7d avg +0.080%

Together, before fees+0.036%+$4 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: OKX is 0.084% dearer against HTX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.080%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	316.28	0.0100	pay 0.0050% / 4h	3h 08m	$126K	$422K	20x
Short	OKX TAO-USDT-SWAP	316.80	0.0100	get 0.0100% / 8h	7h 08m	$25.7M	$109.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.164%Rate

Funding earned: $0
Price spread: +0.164% → +0.080%: $8.44
Slippage, 4 orders: −$131.15
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$144.71
Costs to cover: 1.532%
Break-even: never at this rate

Slippage from HTX: live order book, 65 min ago; OKX: live order book, 6 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, 65 min ago	18.94 bp	105.2 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	1.58 bp	10.4 bp −$10	18.5 bp −$185	58.9 bp −$5,890	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
Bulk TAO-USD	−0.1821%	1h	318.67	+0.755%	$169K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.92	−0.114%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.13	−0.046%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.31	+0.009%	$42K	$598K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.42	+0.045%	$90.7M	$450.2M	75x	as long as short
OKX TAO-USDT-SWAPshort	+0.0100%	8h	316.80	+0.164%	$25.7M	$109.1M	50x
Gate TAO_USDT	+0.0100%	4h	316.20	−0.025%	$12.8M	$51.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.11	−0.054%	$99.0M	$136.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.12	−0.051%	$17.9M	$29.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.66	+0.120%	$35.2M	$51.4M	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	316.43	+0.046%	$40K	$293K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.09	−0.059%	$524K	$958K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.84	+0.177%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.08	−0.063%	$1K	$1.9M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	316.28	long leg	$126K	$422K	20x
Bullet TAO-USD	+0.0103%	1h	316.48	+0.063%	$12K	$17K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.74	+0.147%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0118%	8h	316.43	+0.047%	$1K	$644K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0101%	1h	316.19	−0.027%	$449K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	316.06	−0.070%	$374K	$376K	10x	as long as short
ApeX Omni TAOUSDT	+0.0185%	1h	316.14	−0.044%	$48K	$267K	50x	as long as short
Arcus TAO-USD	+0.0201%	1h	316.71	+0.136%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0204%	4h	316.31	+0.011%	$1.3M	$8.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0235%	8h	316.34	+0.018%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0268%	1h	316.36	+0.025%	$92K	$633K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.05	−0.073%	$4.4M	$10.7M	100x	as long as short
Phemex TAOUSDT	+0.0347%	4h	316.22	−0.019%	$3.4M	$7.8M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0370%	1h	316.81	+0.166%	$17K	$1.5M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0484%	1h	316.67	+0.124%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	316.60	+0.101%	$331K	$624K	5x	as long as short
Variational Omni TAO	+0.0546%	4h	316.94	+0.210%	$5.5M	$8.7M	—	as long as short
01 Exchange TAOUSD	+0.0560%	1h	316.70	+0.133%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	317.77	+0.471%	$23K	$802	12x	as long as short
BingX TAO-USDT	+0.0628%	4h	316.37	+0.028%	—	$30.7M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.96	−0.102%	$363	—	20x	as long as short
Bybit TAOUSDT	+0.0734%	4h	316.72	+0.139%	$65.2M	$133.4M	50x	as long as short
Nado TAO-PERP	+0.0759%	1h	316.17	−0.036%	$875K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0804%	1h	315.97	−0.098%	$319K	$816K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.15	+0.275%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1112%	1h	316.81	+0.166%	$885K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	316.56	+0.089%	$420K	$593K	5x	as long as short
Lighter TAO	+0.1424%	1h	316.68	+0.128%	$1.7M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1804%	1h	316.25	−0.009%	$101.2M	$91.5M	5x	as long as short