Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: HTX against Aevo−0.017%7-day average −0.144% · you buy dearer than you sell

Net, funding: paid 7d − costs−$410as in the Funding arb table

Net, price: spread back to 7d avg − costs−$391as in the Price arb table

costs, in and out, $10k−$4044.038% of the position

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 3 days (all we have)−0.154%−$15 · spread now −0.017%, 7d avg −0.144%

Together, before fees−0.220%−$22 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 0.127% dearer against Aevo than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of −0.144%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	317.87	0.0104	pay 0.0013% / 1h	52m 03s	$175K	$998	3x
Short	HTX TAO-USDT	317.82	0.0100	get 0.0050% / 4h	1h 52m	$130K	$474K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aevo. 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 AevobpFee HTXbpOrdersPrice spread, now −0.017%Rate

Funding earned: −$0.84
Price spread: −0.017% → −0.144%: $12.71
Slippage, 4 orders: −$375.83
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$391.96
Costs to cover: 4.038%
Break-even: never at this rate

Slippage from Aevo: live order book, 12 min ago; HTX: live order book, 11 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 Aevo live order book, 12 min ago	80.37 bp	106.9 bp −$107	640.0 bp −$6,400	doesn't fit	doesn't fit
Sell HTX live order book, 11 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	−0.222%	$168K	$40K	10x	as long as short
ApeX Omni TAOUSDT	−0.0750%	1h	314.06	−1.200%	$47K	$253K	50x	as long as short
dYdX TAO-USD	0.0000%	1h	318.54	+0.210%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.42	−0.142%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.02	+0.046%	$46K	$645K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.37	−0.159%	$91.7M	$467.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.30	−0.181%	$26.2M	$115.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.50	−0.118%	$13.0M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.67	−0.064%	$105.0M	$137.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.78	−0.030%	$18.2M	$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	317.41	−0.146%	$35.4M	$53.5M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	317.37	−0.159%	$36K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.72	−0.049%	$78K	$733K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	317.63	−0.077%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.52	−0.112%	$2K	$1.9M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	317.82	−0.017%	$130K	$474K	20x
Phemex TAOUSDT	+0.0100%	4h	317.52	−0.112%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	317.87	long leg	$175K	$998	3x
Katana Perps TAO-USD	+0.0113%	8h	318.21	+0.105%	$1K	$736K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0165% / S +0.0104%	1h	317.37	−0.160%	$431K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0190%	4h	316.25	−0.511%	$526K	$946K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0247%	1h	317.54	−0.105%	$5.6M	$20.5M	50x	as long as short
Aster TAOUSDT	+0.0307%	4h	317.44	−0.138%	$1.2M	$9.3M	50x	as long as short
Bullet TAO-USD	+0.0344%	1h	317.88	+0.002%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0352%	8h	318.69	+0.258%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0378%	1h	317.61	−0.084%	$14K	$1.6M	25x	as long as short
Pacifica TAO	+0.0448%	1h	318.89	+0.318%	$377K	$393K	10x	as long as short
Phoenix TAO	+0.0504%	1h	317.80	−0.024%	$333K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	318.75	+0.275%	$100K	$489K	5x	as long as short
Nado TAO-PERP	+0.0519%	1h	317.92	+0.015%	$766K	$2.1M	10x	as long as short
BingX TAO-USDT	+0.0686%	4h	317.65	−0.071%	—	$30.3M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	317.68	−0.061%	$365	—	20x	as long as short
Bybit TAOUSDT	+0.0736%	4h	317.40	−0.149%	$67.4M	$138.6M	50x	as long as short
01 Exchange TAOUSD	+0.0776%	1h	318.77	+0.282%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0865%	4h	319.02	+0.361%	$6.0M	$9.6M	—	as long as short
Backpack TAO_USDC_PERP	+0.0918%	1h	317.68	−0.061%	$321K	$802K	10x	as long as short
Extended TAO-USD	+0.0928%	1h	317.61	−0.083%	$900K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	319.77	+0.596%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	318.24	+0.116%	$450K	$626K	5x	as long as short
Lighter TAO	+0.1160%	1h	318.01	+0.042%	$1.6M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1442%	1h	318.08	+0.064%	$100.6M	$98.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	320.94	+0.964%	$23K	$2K	12x	as long as short