Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0668%/8h= +73.1% APRpaid last 24h +0.085%

Price spread now: 01 Exchange against HTX−0.121%7-day average — · you buy dearer than you sell

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

Long on HTX Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. 01 Exchange is 0.121% cheaper against HTX than usual: you would sell low and buy high (spread −0.121% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 14 hours of funding at the current rate (+$20 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	323.50	0.0100	pay 0.0050% / 4h	1h 35m	$131K	$480K	20x
Short	01 Exchange TAOUSD	323.11	0.0768	get 0.0096% / 1h	35m 08s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.121%Rate

Funding earned: $140.28
Price spread: −0.121% → 0.000%: −$12.06
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $109.22
Costs to cover: 0.190%
Break-even: 1.5 days

Slippage unknown: HTX: live order book, 28 min ago; 01 Exchange: 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, 28 min ago	18.11 bp	110.6 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Bulk TAO-USD	−0.5583%	1h	316.49	−2.167%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	321.74	−0.545%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	323.21	−0.089%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.77	−0.226%	$38K	$659K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	323.99	+0.151%	$94.4M	$475.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	324.20	+0.216%	$26.6M	$119.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.90	+0.124%	$13.2M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	324.02	+0.161%	$110.1M	$140.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	324.10	+0.185%	$18.3M	$30.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	323.95	+0.139%	$36.2M	$54.2M	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	320.56	−0.907%	$36K	$301K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	323.32	−0.056%	$88K	$789K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	323.81	+0.096%	$1K	$1.9M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	323.50	long leg	$131K	$480K	20x
Phemex TAOUSDT	+0.0100%	4h	323.69	+0.059%	$3.5M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	323.46	−0.014%	$178K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0108%	4h	323.39	−0.034%	$59K	$281K	10x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	322.83	−0.207%	$1K	$765K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0162% / S +0.0107%	1h	323.05	−0.139%	$439K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0242%	1h	324.11	+0.187%	$5.7M	$20.6M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0248%	4h	320.95	−0.789%	$534K	$963K	10x	as long as short
Bullet TAO-USD	+0.0306%	1h	323.34	−0.049%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0317%	8h	323.33	−0.053%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	323.97	+0.145%	$4.6M	$10.9M	100x	as long as short
Aster TAOUSDT	+0.0341%	4h	323.45	−0.017%	$1.2M	$9.5M	50x	as long as short
Pacifica TAO	+0.0448%	1h	322.11	−0.429%	$380K	$396K	10x	as long as short
Phoenix TAO	+0.0504%	1h	320.50	−0.927%	$335K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	323.00	−0.155%	$101K	$490K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0523%	1h	323.31	−0.060%	$33K	$1.6M	25x	as long as short
Nado TAO-PERP	+0.0529%	1h	323.58	+0.026%	$789K	$2.2M	10x	as long as short
Bybit TAOUSDT	+0.0584%	4h	324.16	+0.204%	$71.3M	$142.4M	50x	as long as short
BingX TAO-USDT	+0.0608%	4h	324.30	+0.247%	—	$30.4M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	323.33	−0.053%	$372	—	20x	as long as short
ApeX Omni TAOUSDT	+0.0733%	1h	320.61	−0.893%	$47K	$253K	50x	as long as short
01 Exchange TAOUSDshort	+0.0768%	1h	323.11	−0.121%	$3K	$4K	5x
Variational Omni TAO	+0.0866%	4h	320.39	−0.961%	$5.9M	$9.7M	—	as long as short
Lighter TAO	+0.0888%	1h	324.28	+0.241%	$1.6M	$6.3M	5x	as long as short
Extended TAO-USD	+0.0904%	1h	323.31	−0.059%	$945K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	325.96	+0.760%	$1.5M	$6.7M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1036%	1h	324.50	+0.309%	$446K	$860K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	322.83	−0.206%	$458K	$628K	5x	as long as short
Hyperliquid TAO	+0.1339%	1h	324.40	+0.278%	$101.9M	$98.8M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	323.37	−0.040%	$24K	$2K	12x	as long as short