Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0134%/8h= −14.6% APRpaid last 24h −0.011%

Price spread now: HTX against Paradex−0.335%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on HTX

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and HTX is 0.335% cheaper against Paradex than usual: you would sell low and buy high (−$34 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	316.39	0.0234	pay 0.0234% / 8h	5h 03m	$14K	$1K	10x
Short	HTX TAO-USDT	315.33	0.0100	get 0.0050% / 4h	1h 03m	$109K	$529K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Paradex. 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 ParadexbpFee HTXbpOrdersPrice spread, now −0.335%Rate

Funding earned: −$28.04
Price spread: −0.335% → 0.000%: −$33.55
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee HTX: 6 bp × 2 orders: −$12
Net: −$77.59
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; HTX: live order book, 60 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 Paradex no order-book sample	—	—	—	—	—
Sell HTX live order book, 60 min ago	18.11 bp	80.2 bp −$80	doesn't fit	doesn't fit	doesn't fit

Paradex: 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	−0.0766%	1h	316.69	+0.093%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.53	+0.043%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.69	−0.222%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.05	−0.108%	$41K	$686K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.49	−0.285%	$91.7M	$490.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.50	−0.282%	$26.0M	$119.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.50	−0.282%	$12.9M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.52	−0.275%	$104.4M	$144.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.67	−0.228%	$17.6M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.43	−0.304%	$35.2M	$56.0M	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	316.32	−0.023%	$35K	$303K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.88	−0.162%	$88K	$794K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.55	−0.266%	$1K	$1.9M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	315.33	−0.335%	$109K	$529K	20x
Phemex TAOUSDT	+0.0103%	4h	315.55	−0.266%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.75	−0.204%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	315.95	−0.140%	$673	$778K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0126%	4h	315.73	−0.209%	$57K	$275K	10x	as long as short
Bullet TAO-USD	+0.0129%	1h	315.89	−0.160%	$12K	$18K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0156% / S +0.0113%	1h	315.70	−0.219%	$428K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0178%	4h	317.27	+0.278%	$528K	$965K	10x	as long as short
Paradex TAO-USD-PERPlong	+0.0234%	8h	316.39	long leg	$14K	$1K	10x
Kraken Futures PF_TAOUSD	+0.0249%	1h	315.73	−0.210%	$5.6M	$20.8M	50x	as long as short
Aster TAOUSDT	+0.0256%	4h	315.74	−0.207%	$1.2M	$10.1M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0274%	1h	315.75	−0.204%	$15K	$1.7M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.31	−0.026%	$4.6M	$10.9M	100x	as long as short
ApeX Omni TAOUSDT	+0.0349%	1h	316.96	+0.180%	$47K	$252K	50x	as long as short
Bybit TAOUSDT	+0.0367%	4h	315.85	−0.171%	$69.4M	$146.1M	50x	as long as short
BingX TAO-USDT	+0.0386%	4h	315.55	−0.266%	—	$30.4M	—	as long as short
Pacifica TAO	+0.0448%	1h	316.56	+0.053%	$372K	$413K	10x	as long as short
Phoenix TAO	+0.0504%	1h	316.50	+0.034%	$331K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	316.48	+0.028%	$100K	$488K	5x	as long as short
Nado TAO-PERP	+0.0560%	1h	315.75	−0.204%	$824K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0560%	1h	315.73	−0.209%	$927K	$2.4M	25x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	316.26	−0.042%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.86	−0.167%	$363	—	20x	as long as short
Lighter TAO	+0.0704%	1h	315.85	−0.170%	$1.6M	$6.4M	5x	as long as short
Variational Omni TAO	+0.0758%	4h	315.94	−0.142%	$5.9M	$9.8M	—	as long as short
Backpack TAO_USDC_PERP	+0.0814%	1h	315.89	−0.158%	$314K	$926K	10x	as long as short
Hyperliquid TAO	+0.0919%	1h	315.60	−0.250%	$95.2M	$104.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.08	+0.218%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	316.21	−0.056%	$436K	$659K	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	321.62	+1.653%	$23K	$2K	12x	as long as short