Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0023%/8h= +2.6% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against HTX+0.159%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$282as in the Funding arb table

Net, price: spread back to 7d avg − costs−$271as in the Price arb table

costs, in and out, $10k−$2762.764% of the position

Long on HTX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 3 days (all we have)−0.129%−$13 · spread now +0.159%, 7d avg +0.108%

Together, before fees−0.189%−$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.051% dearer against HTX than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.108%. Mind the row above: over the last 7 days funding on this pair cost −0.060%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	307.48	0.0100	pay 0.0050% / 4h	2h 31m	$121K	$351K	20x
Short	Polymarket Perps TAO-USD	307.97	0.0123	get 0.0015% / 1h	31m 47s	$86K	$669K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now +0.159%Rate

Funding earned: $4.92
Price spread: +0.159% → +0.108%: $5.1
Slippage, 4 orders: −$256.36
Fee HTX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$266.34
Costs to cover: 2.764%
Break-even: 385.7 days

Slippage from HTX: live order book, 56 min ago; Polymarket Perps: live order book, 56 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, 56 min ago	31.40 bp	168.7 bp −$169	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 56 min ago	3.04 bp	8.0 bp −$8	8.2 bp −$82	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
dYdX TAO-USD	0.0000%	1h	307.10	−0.124%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	307.67	+0.060%	$20K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0022%	1h	307.81	+0.108%	$14K	$1.3M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.80	+0.104%	$42K	$523K	20x	as long as short
Pacifica TAO	+0.0100%	1h	307.38	−0.033%	$363K	$400K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.22	−0.084%	$85.9M	$402.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.27	−0.068%	$59.1M	$117.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.10	−0.124%	$25.1M	$92.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.44	−0.013%	$136K	$594K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.00	−0.156%	$12.1M	$47.8M	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	307.21	−0.088%	$113.5M	$122.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	307.26	−0.072%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.01	−0.153%	$34.4M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.18	−0.098%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.77	−0.556%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.39	−0.355%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.30	−0.058%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.64	−0.598%	$46K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.84	+0.117%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.70	+0.072%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.62	+0.046%	$1K	$1.8M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	307.48	long leg	$121K	$351K	20x
Phemex TAOUSDT	+0.0100%	4h	307.41	−0.023%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.92	+0.143%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	307.74	+0.085%	$2K	$428K	5x	as long as short
Polymarket Perps TAO-USDshort	+0.0123%	1h	307.97	+0.159%	$86K	$669K	5x
Aster TAOUSDT	+0.0163%	4h	307.37	−0.036%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0164%	8h	307.35	−0.043%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.66	+0.060%	$439K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	306.20	−0.416%	$324K	$462K	5x	as long as short
Nado TAO-PERP	+0.0264%	1h	307.84	+0.119%	$854K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.18	−0.098%	$4.3M	$9.5M	100x	as long as short
01 Exchange TAOUSD	+0.0528%	1h	308.13	+0.211%	$3K	$4K	5x	as long as short
Bulk TAO-USD	+0.0668%	1h	304.81	−0.868%	$200K	$57K	10x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.76	+0.092%	$354	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	306.94	−0.176%	$906K	$2.0M	25x	as long as short
Lighter TAO	+0.0912%	1h	307.75	+0.087%	$1.7M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	308.45	+0.315%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1024%	1h	307.97	+0.159%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.36	−0.039%	$411K	$535K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1308%	1h	307.66	+0.059%	$471K	$682K	10x	as long as short
Hyperliquid TAO	+0.1682%	1h	307.80	+0.104%	$94.0M	$75.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.62	+0.371%	$22K	$138	12x	as long as short