Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0380%/8h= −41.6% APRpaid last 24h −0.089%

Price spread now: HTX against 01 Exchange−0.138%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange 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—needs both histories

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and HTX is 0.138% cheaper against 01 Exchange than usual: you would sell low and buy high (−$14 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	01 Exchange TAOUSD	312.27	0.0480	pay 0.0060% / 1h	28m 05s	$3K	$4K	5x
Short	HTX TAO-USDT	311.84	0.0100	get 0.0050% / 4h	3h 28m	$109K	$539K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against 01 Exchange. 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 01 ExchangebpFee HTXbpOrdersPrice spread, now −0.138%Rate

Funding earned: −$79.8
Price spread: −0.138% → 0.000%: −$13.77
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$112.57
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; HTX: live order book, 25 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 01 Exchange no order-book sample	—	—	—	—	—
Sell HTX live order book, 25 min ago	14.04 bp	94.9 bp −$95	doesn't fit	doesn't fit	doesn't fit

01 Exchange: 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
Kraken Futures PF_TAOUSD	−0.0348%	1h	311.73	−0.171%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.51	−0.243%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0015%	1h	311.68	−0.189%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.05	−0.070%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	311.88	−0.125%	$1K	$836K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.13	−0.046%	$356K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.62	−0.207%	$89.3M	$499.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.67	−0.192%	$67.0M	$150.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.60	−0.215%	$25.9M	$120.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.20	−0.343%	$13.2M	$50.0M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	311.61	−0.211%	$102.0M	$144.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.42	−0.272%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.24	−0.330%	$34.8M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.55	−0.231%	—	$33.4M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.34	+0.023%	$41K	$314K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.03	−0.077%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.78	−0.157%	$79K	$901K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.89	−0.123%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.59	−0.218%	$1K	$1.9M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	311.84	−0.138%	$109K	$539K	20x
Aevo TAO-PERP	+0.0104%	1h	311.85	−0.136%	$171K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0114%	4h	312.40	+0.043%	$531K	$956K	10x	as long as short
Aster TAOUSDT	+0.0115%	4h	311.47	−0.255%	$1.3M	$10.4M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0117%	4h	311.78	−0.157%	$51K	$291K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0138% / S +0.0134%	1h	311.56	−0.229%	$414K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0160%	8h	311.94	−0.106%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.36	+0.029%	$101K	$397K	5x	as long as short
Phemex TAOUSDT	+0.0242%	4h	311.52	−0.240%	$3.2M	$8.0M	50x	as long as short
Bulk TAO-USD	+0.0264%	1h	312.41	+0.045%	$166K	$333	10x	as long as short
Extended TAO-USD	+0.0288%	1h	311.75	−0.166%	$909K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0308%	4h	312.74	+0.151%	$5.5M	$10.0M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.95	−0.102%	$4.5M	$10.7M	100x	as long as short
Nado TAO-PERP	+0.0349%	1h	312.04	−0.073%	$791K	$2.2M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0371%	1h	311.80	−0.151%	$17K	$1.8M	25x	as long as short
Hyperliquid TAO	+0.0451%	1h	311.71	−0.179%	$91.6M	$107.7M	5x	as long as short
Phoenix TAO	+0.0457%	1h	312.60	+0.106%	$311K	$711K	5x	as long as short
01 Exchange TAOUSDlong	+0.0480%	1h	312.27	long leg	$3K	$4K	5x
Backpack TAO_USDC_PERP	+0.0493%	1h	311.58	−0.221%	$310K	$885K	10x	as long as short
Lighter TAO	+0.0568%	1h	311.82	−0.143%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.88	−0.124%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.12	−0.050%	$444K	$658K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.46	+0.061%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	314.53	+0.724%	$23K	$2K	12x	as long as short