Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: HTX against Katana Perps+0.253%7-day average −0.139% · you sell dearer than you buy

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

Long on Katana Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.166%−$17 on $10k

Price spread, last 3 days (all we have)−0.338%−$34 · spread now +0.253%, 7d avg −0.139%

Together, before fees−0.505%−$50 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: HTX is 0.392% dearer against Katana Perps than usual: you sell high and buy low, +$39 on $10k if it goes back to its 7-day average of −0.139%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Katana Perps TAO-USD	319.79	0.0100	pay 0.0100% / 8h	7h 51m	$654	$594K	5x
Short	HTX TAO-USDT	320.60	0.0100	get 0.0050% / 4h	3h 51m	$128K	$422K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Katana Perps. 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 Katana PerpsbpFee HTXbpOrdersPrice spread, now +0.253%Rate

Funding earned: $0.04
Price spread: +0.253% → −0.139%: $39.19
Slippage, 4 orders: no order book: not counted
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Fee HTX: 6 bp × 2 orders: −$12
Net: $23.43
Costs to cover: 0.158%
Break-even: from the start

Slippage unknown: Katana Perps: no order-book sample; HTX: live order book, 22 min ago. 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 Katana Perps no order-book sample	—	—	—	—	—
Sell HTX live order book, 22 min ago	18.94 bp	26.6 bp −$27	doesn't fit	doesn't fit	doesn't fit

Katana Perps: 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	−0.1799%	1h	311.96	−2.448%	$167K	$44K	10x	as long as short
Phemex TAOUSDT	−0.1370%	4h	320.20	+0.128%	$3.5M	$7.9M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	320.40	+0.191%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.64	−0.046%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.80	+0.003%	$42K	$578K	20x	as long as short
Katana Perps TAO-USDlong	+0.0100%	8h	319.79	long leg	$654	$594K	5x
Binance TAOUSDT	+0.0100%	4h	319.95	+0.050%	$92.0M	$440.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.50	−0.091%	$26.0M	$106.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.90	+0.034%	$12.9M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	320.54	+0.235%	$105.7M	$131.7M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	319.93	+0.044%	$19.0M	$28.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.10	−0.216%	$35.7M	$48.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	318.79	−0.312%	$36K	$288K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	318.51	−0.400%	$48K	$268K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	319.40	−0.122%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	320.29	+0.156%	$1K	$1.9M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	320.60	+0.253%	$128K	$422K	20x
Aevo TAO-PERP	+0.0104%	1h	319.61	−0.056%	$176K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0168%	4h	320.12	+0.103%	$532K	$945K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0085%	1h	319.60	−0.060%	$462K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	320.52	+0.227%	$379K	$371K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	319.66	−0.041%	$84K	$545K	5x	as long as short
Aster TAOUSDT	+0.0222%	4h	319.70	−0.027%	$1.1M	$8.1M	50x	as long as short
Paradex TAO-USD-PERP	+0.0226%	8h	320.04	+0.079%	$15K	$1K	10x	as long as short
Bullet TAO-USD	+0.0274%	1h	319.96	+0.053%	$12K	$17K	20x	as long as short
Variational Omni TAO	+0.0305%	4h	320.13	+0.105%	$5.5M	$8.6M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.44	−0.109%	$4.4M	$10.9M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0341%	1h	320.38	+0.185%	$22K	$1.5M	25x	as long as short
Polymarket Perps TAO-USD	+0.0345%	1h	320.58	+0.247%	$100K	$634K	5x	as long as short
BingX TAO-USDT	+0.0378%	4h	320.00	+0.066%	—	$30.7M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0479%	1h	320.34	+0.172%	$5.8M	$20.2M	50x	as long as short
Phoenix TAO	+0.0525%	1h	321.00	+0.378%	$336K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	320.58	+0.247%	$23K	$495	12x	as long as short
Bybit TAOUSDT	+0.0636%	4h	319.81	+0.006%	$65.8M	$130.2M	50x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	320.52	+0.228%	$369	—	20x	as long as short
Nado TAO-PERP	+0.0762%	1h	320.36	+0.177%	$892K	$2.0M	10x	as long as short
01 Exchange TAOUSD	+0.0832%	1h	320.08	+0.091%	$3K	$4K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.83	+0.325%	$1.5M	$6.1M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1021%	1h	320.77	+0.306%	$320K	$820K	10x	as long as short
Extended TAO-USD	+0.1032%	1h	319.27	−0.164%	$933K	$2.2M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	319.39	−0.124%	$422K	$586K	5x	as long as short
Lighter TAO	+0.1880%	1h	321.34	+0.486%	$1.7M	$5.9M	5x	as long as short
Hyperliquid TAO	+0.2891%	1h	321.25	+0.457%	$105.0M	$88.6M	5x	as long as short