Settings8H · net · $10k
Funding arb · Price arb /

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0517%/8h= −56.7% APRpaid last 24h −0.074%
Price spread now: HTX against Nado−0.160%7-day average −0.093% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$275as in the Price arb table
costs, in and out, $10k−$2682.682% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.104%−$10 on $10k
Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.160%, 7d avg −0.093%
Together, before fees−0.038%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and HTX is 0.067% cheaper against Nado than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.093%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.104% in total (about -10.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado TAO-PERP321.210.0617pay 0.0077% / 1h50m 43s$803K$2.2M10x
ShortHTX TAO-USDT320.700.0100get 0.0050% / 4h1h 50m$117K$584K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Nado. 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

Funding earned
−$108.65
Price spread: −0.160% → −0.093%
−$6.7
Slippage, 4 orders
−$249.2
Fee Nado: 3.5 bp × 2 orders
−$7
Fee HTX: 6 bp × 2 orders
−$12
Net
−$383.56
Costs to cover
2.682%
Break-even
never at this rate
Slippage from Nado: live order book, 3 min ago; HTX: live order book, 58 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 3 min ago0.93 bp5.7 bp −$616.8 bp −$168doesn't fitdoesn't fit
Sell HTX live order book, 58 min ago7.03 bp146.1 bp −$146doesn't fitdoesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.2101%1h320.87−0.107%$170K$33310xas long as short
dYdX TAO-USD0.0000%1h321.85+0.198%$128K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h321.22+0.002%$21K150xas long as short
Popdex TAOUSDT+0.0096%1h322.16+0.295%$40K$695K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h321.90+0.214%$26.7M$129.7M50xas long as short
Gate TAO_USDT+0.0100%4h321.70+0.152%$14.2M$51.3M50xas long as short
KuCoin TAOUSDTM+0.0100%4h321.95+0.230%$17.6M$31.9M75xas long as short
Bitget TAOUSDT+0.0100%4h321.68+0.146%$36.2M$58.0M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h320.78−0.135%$45K$258K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h321.36+0.046%$77K$1.1M5xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDT+0.0100%4h321.25+0.012%$2K$2.0M20xas long as short
HTX TAO-USDTshort+0.0100%4h320.70−0.160%$117K$584K20x
Phemex TAOUSDT+0.0100%4h321.73+0.161%$3.3M$8.1M50xas long as short
Katana Perps TAO-USD+0.0109%8h321.99+0.242%$731$985K5xas long as short
Aevo TAO-PERP+0.0120%1h321.42+0.066%$177K$9983xas long as short
Orderly PERP_TAO_USDC+0.0120%4h321.62+0.127%$53K$292K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0123% / S +0.0155%1h321.17−0.014%$434K100xas long as short
MEXC TAO_USDT+0.0146%4h322.10+0.276%$105.7M$149.3M300xas long as short
edgeX TAOUSDC+0.0148%4h320.94−0.084%$42K$316K10xas long as short
Binance TAOUSDT+0.0148%4h322.20+0.307%$94.0M$524.9M75xas long as short
Paradex TAO-USD-PERP+0.0267%8h322.02+0.253%$15K$1K10xas long as short
Aster TAOUSDT+0.0307%4h321.75+0.166%$1.3M$10.9M50xas long as short
BingX TAO-USDT+0.0366%4h321.93+0.223%$34.3Mas long as short
Bullet TAO-USD+0.0367%1h321.59+0.117%$12K$17K20xas long as short
BloFin TAO-USDT+0.0388%4h321.61+0.124%$4.7M$11.1M100xas long as short
Bybit TAOUSDT+0.0389%4h322.07+0.267%$70.3M$155.7M50xas long as short
GRVT TAO_USDT_Perp+0.0420%4h320.79−0.131%$546K$948K10xas long as short
Extended TAO-USD+0.0488%1h321.86+0.200%$914K$2.4M25xas long as short
Pacifica TAO+0.0525%1h322.16+0.295%$367K$422K10xas long as short
Variational Omni TAO+0.0536%4h321.98+0.238%$5.6M$10.2Mas long as short
Phoenix TAO+0.0567%1h321.70+0.152%$320K$709K5xas long as short
Backpack TAO_USDC_PERP+0.0611%1h322.27+0.329%$320K$899K10xas long as short
Nado TAO-PERPlong+0.0617%1h321.21long leg$803K$2.2M10x
Arcus TAO-USD+0.0641%1h322.22+0.314%$104K$394K5xas long as short
Hyperliquid TAO+0.0654%1h322.29+0.335%$95.3M$109.9M5xas long as short
01 Exchange TAOUSD+0.0656%1h322.49+0.398%$3K$4K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0688%1h321.64+0.133%$14K$1.9M25xas long as short
Reya TAORUSDPERP+0.0698%1h321.48+0.084%$37020xas long as short
Lighter TAO+0.0880%1h322.38+0.363%$1.5M$6.6M5xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h321.95+0.230%$1.5M$6.9M50xas long as short
RISEx TAO/USDC+0.1077%1h322.09+0.274%$464K$665K5xas long as short
Kraken Futures PF_TAOUSD+0.1146%1h322.04+0.257%$6.1M$21.7M50xas long as short
Injective TAO/USDC PERP+0.4723%1h328.25+2.191%$24K$2K12xas long as short