Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Polymarket Perps+0.013%7-day average −0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$135as in the Price arb table

costs, in and out, $10k−$1471.465% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 3 days (all we have)−0.076%−$8 · spread now +0.013%, 7d avg −0.107%

Together, before fees−0.016%−$2 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 0.120% dearer against Polymarket Perps than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	306.01	0.0100	pay 0.0013% / 1h	16m 48s	$75K	$557K	5x
Short	HTX TAO-USDT	306.05	0.0100	get 0.0050% / 4h	1h 16m	$122K	$368K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Polymarket 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 Polymarket PerpsbpFee HTXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → −0.107%: $12
Slippage, 4 orders: −$126.55
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$134.54
Costs to cover: 1.465%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 66 min ago; HTX: live order book, 1 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 Polymarket Perps live order book, 66 min ago	2.28 bp	6.3 bp −$6	7.5 bp −$75	doesn't fit	doesn't fit
Sell HTX live order book, 1 min ago	25.13 bp	45.1 bp −$45	doesn't fit	doesn't fit	doesn't fit

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	305.75	−0.087%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0015%	1h	305.81	−0.065%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.06	+0.016%	$45K	$539K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	305.67	−0.111%	$85.5M	$414.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	305.76	−0.082%	$59.2M	$121.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	305.70	−0.101%	$24.6M	$95.4M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.36	+0.114%	$80K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	302.77	−1.059%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	305.50	−0.167%	$12.2M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	305.71	−0.098%	$113.7M	$125.8M	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	305.71	−0.098%	$18.2M	$27.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	305.44	−0.186%	$34.1M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.67	−0.111%	—	$30.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.18	+0.056%	$40K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.91	−0.032%	$506K	$967K	10x	as long as short
Polymarket Perps TAO-USDlong	+0.0100%	1h	306.01	long leg	$75K	$557K	5x
Bullet TAO-USD	+0.0100%	1h	305.89	−0.039%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.72	−0.095%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	305.88	−0.042%	$2K	$1.8M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	306.05	+0.013%	$122K	$368K	20x
Phemex TAOUSDT	+0.0100%	4h	305.67	−0.111%	$3.2M	$7.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0102%	1h	306.21	+0.065%	$46K	$270K	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.98	−0.010%	$168K	$998	3x	as long as short
Variational Omni TAO	+0.0105%	4h	305.97	−0.014%	$3.7M	$6.7M	—	as long as short
Katana Perps TAO-USD	+0.0110%	8h	305.98	−0.010%	$626	$506K	5x	as long as short
Aster TAOUSDT	+0.0121%	4h	305.84	−0.056%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0156%	8h	305.92	−0.031%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	306.09	+0.026%	$362K	$370K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0170%	1h	305.86	−0.050%	$19K	$1.4M	25x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	305.66	−0.113%	$437K	—	100x	as long as short
Nado TAO-PERP	+0.0319%	1h	306.05	+0.012%	$826K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	305.78	−0.075%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0368%	1h	305.85	−0.054%	$1.6M	$5.3M	5x	as long as short
01 Exchange TAOUSD	+0.0408%	1h	306.34	+0.108%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0451%	1h	305.81	−0.065%	$293K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	306.60	+0.193%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	305.81	−0.065%	$352	—	20x	as long as short
Extended TAO-USD	+0.0760%	1h	305.72	−0.095%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	306.25	+0.078%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1034%	1h	305.63	−0.124%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1081%	1h	306.11	+0.033%	$93.2M	$80.7M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	306.42	+0.133%	$417K	$544K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.889%	$22K	$264	12x	as long as short