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% APRpaid last 24h +0.001%

Price spread now: Pacifica against HTX+0.031%7-day average +0.119% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$159as in the Price arb table

costs, in and out, $10k−$1501.498% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.076%+$8 on $10k

Price spread, last 3 days (all we have)+0.060%+$6 · spread now +0.031%, 7d avg +0.119%

Together, before fees+0.135%+ Points / potential airdropPacifica: Active · farm board+$14 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: Pacifica is 0.088% cheaper against HTX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.119%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	312.80	0.0100	pay 0.0050% / 4h	7m 18s	$128K	$417K	20x
Short	Pacifica TAO	312.90	0.0100	get 0.0013% / 1h	7m 18s	$370K	$363K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.031%Rate

Funding earned: $0
Price spread: +0.031% → +0.119%: −$8.81
Slippage, 4 orders: −$129.84
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$158.65
Costs to cover: 1.498%
Break-even: never at this rate

Slippage from HTX: live order book, 6 min ago; Pacifica: 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, 6 min ago	18.94 bp	105.2 bp −$105	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 6 min ago	3.53 bp	8.8 bp −$9	doesn't fit	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
Bulk TAO-USD	−0.2086%	1h	311.96	−0.269%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.46	−0.110%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	313.45	+0.207%	$27K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	312.08	−0.230%	$23K	$362	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.68	−0.038%	$37K	$565K	20x	as long as short
Pacifica TAOshort	+0.0100%	1h	312.90	+0.031%	$370K	$363K	10x
Binance TAOUSDT	+0.0100%	4h	313.49	+0.221%	$88.9M	$428.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.41	+0.195%	$61.7M	$125.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.30	+0.160%	$25.2M	$102.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.00	+0.064%	$12.5M	$50.4M	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_USDT	+0.0100%	4h	313.19	+0.125%	$111.1M	$131.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.54	+0.237%	$18.5M	$27.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.32	+0.166%	$35.0M	$47.1M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.60	+0.256%	—	$30.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.12	+0.102%	$41K	$281K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.31	+0.164%	$524K	$952K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.79	−0.003%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.98	+0.058%	$77K	$450K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	313.42	+0.200%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.61	+0.259%	$60K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.39	−0.131%	$2K	$1.8M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	312.80	long leg	$128K	$417K	20x
Phemex TAOUSDT	+0.0100%	4h	313.25	+0.144%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.76	+0.305%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	312.86	+0.019%	$1K	$565K	5x	as long as short
Aster TAOUSDT	+0.0164%	4h	313.36	+0.179%	$1.1M	$7.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	313.25	+0.144%	$446K	—	100x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.08	+0.090%	$83K	$545K	5x	as long as short
Paradex TAO-USD-PERP	+0.0193%	8h	312.88	+0.026%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0216%	4h	312.58	−0.070%	$3.9M	$7.1M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0297%	1h	313.69	+0.285%	$20K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.62	+0.262%	$4.4M	$10.5M	100x	as long as short
Nado TAO-PERP	+0.0433%	1h	312.80	+0.001%	$822K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0448%	1h	313.52	+0.229%	$5.7M	$19.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0526%	1h	313.08	+0.090%	$292K	$803K	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.50	−0.096%	$327K	$521K	5x	as long as short
01 Exchange TAOUSD	+0.0584%	1h	313.07	+0.086%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.10	+0.097%	$360	—	20x	as long as short
Extended TAO-USD	+0.0848%	1h	313.50	+0.223%	$859K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	313.96	+0.371%	$1.5M	$5.8M	50x	as long as short
Lighter TAO	+0.1208%	1h	314.02	+0.389%	$1.6M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	312.82	+0.008%	$414K	$585K	5x	as long as short
Hyperliquid TAO	+0.1591%	1h	313.44	+0.205%	$98.3M	$84.6M	5x	as long as short