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 0.000%

Price spread now: HTX against OKX−0.430%7-day average −0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$210as in the Funding arb table

Net, price: spread back to 7d avg − costs−$244as in the Price arb table

costs, in and out, $10k−$2092.088% of the position

Long on OKX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 3 days (all we have)+0.282%+$28 · spread now −0.430%, 7d avg −0.080%

Together, before fees+0.270%+$27 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 0.350% cheaper against OKX than usual: you would sell low and buy high, −$35 on $10k if it goes back to its 7-day average of −0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TAO-USDT-SWAP	318.40	0.0100	pay 0.0100% / 8h	5h 55m	$26.2M	$115.4M	50x
Short	HTX TAO-USDT	317.03	0.0100	get 0.0050% / 4h	1h 55m	$130K	$475K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against OKX. 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 OKXbpFee HTXbpOrdersPrice spread, now −0.430%Rate

Funding earned: $0
Price spread: −0.430% → −0.080%: −$34.98
Slippage, 4 orders: −$186.78
Fee OKX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$243.76
Costs to cover: 2.088%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; HTX: live order book, 8 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 OKX live order book, 4 min ago	1.58 bp	9.0 bp −$9	18.3 bp −$183	82.9 bp −$8,286	doesn't fit
Sell HTX live order book, 8 min ago	18.11 bp	80.2 bp −$80	doesn't fit	doesn't fit	doesn't fit

TAO on 42 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	−0.2257%	1h	317.17	−0.386%	$168K	$40K	10x	as long as short
ApeX Omni TAOUSDT	−0.0750%	1h	314.06	−1.363%	$47K	$253K	50x	as long as short
dYdX TAO-USD	0.0000%	1h	317.50	−0.284%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.70	−0.532%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.32	−0.339%	$45K	$645K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	318.20	−0.064%	$91.9M	$467.5M	75x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	318.40	long leg	$26.2M	$115.4M	50x
Gate TAO_USDT	+0.0100%	4h	317.50	−0.283%	$13.0M	$49.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.84	−0.176%	$104.7M	$137.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.08	−0.415%	$17.9M	$30.7M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	317.63	−0.242%	$35.4M	$53.4M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.73	−1.152%	$35K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.10	−0.408%	$78K	$728K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.94	−0.459%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.71	−0.531%	$2K	$1.9M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	317.03	−0.430%	$130K	$475K	20x
Phemex TAOUSDT	+0.0100%	4h	316.98	−0.446%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.32	−0.339%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	317.28	−0.352%	$674	$732K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0165% / S +0.0104%	1h	316.67	−0.543%	$430K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0190%	4h	316.25	−0.675%	$526K	$946K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0247%	1h	317.03	−0.429%	$5.6M	$20.5M	50x	as long as short
Aster TAOUSDT	+0.0290%	4h	317.39	−0.316%	$1.2M	$9.3M	50x	as long as short
Bullet TAO-USD	+0.0326%	1h	317.12	−0.402%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0351%	8h	317.44	−0.302%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0393%	1h	317.03	−0.432%	$14K	$1.6M	25x	as long as short
Pacifica TAO	+0.0448%	1h	317.71	−0.217%	$376K	$393K	10x	as long as short
Arcus TAO-USD	+0.0509%	1h	317.73	−0.210%	$100K	$489K	5x	as long as short
Phoenix TAO	+0.0588%	1h	316.10	−0.722%	$332K	$707K	5x	as long as short
Nado TAO-PERP	+0.0609%	1h	316.92	−0.466%	$763K	$2.1M	10x	as long as short
BingX TAO-USDT	+0.0686%	4h	317.83	−0.179%	—	$30.3M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.96	−0.452%	$365	—	20x	as long as short
Bybit TAOUSDT	+0.0745%	4h	318.51	+0.035%	$67.6M	$138.4M	50x	as long as short
01 Exchange TAOUSD	+0.0752%	1h	317.59	−0.254%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0835%	1h	317.84	−0.176%	$321K	$802K	10x	as long as short
Variational Omni TAO	+0.0865%	4h	319.02	+0.195%	$6.0M	$9.6M	—	as long as short
Extended TAO-USD	+0.0912%	1h	317.03	−0.429%	$900K	$2.3M	25x	as long as short
Lighter TAO	+0.1008%	1h	317.65	−0.235%	$1.6M	$6.1M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	319.28	+0.276%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	317.39	−0.318%	$449K	$626K	5x	as long as short
Hyperliquid TAO	+0.1435%	1h	318.36	−0.013%	$100.7M	$98.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	320.94	+0.798%	$23K	$2K	12x	as long as short