Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h 0.000%

Price spread now: HTX against Arcus−0.315%7-day average −0.200% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1591.593% of the position

Long on Arcus Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.034%−$3 on $10k

Price spread, last 3 days (all we have)+0.146%+$15 · spread now −0.315%, 7d avg −0.200%

Together, before fees+0.113%+$11 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 0.115% cheaper against Arcus than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.200%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus TAO-USD	292.34	0.0100	pay 0.0013% / 1h	21m 47s	$128K	$579K	5x
Short	HTX TAO-USDT	291.42	0.0100	get 0.0050% / 4h	21m 47s	$122K	$312K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Arcus. 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 ArcusbpFee HTXbpOrdersPrice spread, now −0.315%Rate

Funding earned: $0
Price spread: −0.315% → −0.200%: −$11.5
Slippage, 4 orders: −$142.81
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee HTX: 6 bp × 2 orders: −$12
Net: −$170.81
Costs to cover: 1.593%
Break-even: never at this rate

Slippage from Arcus: live order book, 11 min ago; HTX: live order book, 9 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 Arcus live order book, 11 min ago	3.26 bp	15.3 bp −$15	25.8 bp −$258	doesn't fit	doesn't fit
Sell HTX live order book, 9 min ago	14.84 bp	21.3 bp −$21	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
Bulk TAO-USD	−0.3319%	1h	293.88	+0.527%	$194K	$44K	10x	as long as short
Kraken Futures PF_TAOUSD	−0.0160%	1h	291.74	−0.204%	$5.3M	$13.8M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	292.14	−0.068%	$75K	$35K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0010%	1h	291.45	−0.305%	$34K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	292.04	−0.103%	$33K	$477K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	291.18	−0.397%	$1.7M	$5.0M	50x	as long as short
Pacifica TAO	+0.0100%	1h	292.15	−0.065%	$339K	$373K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	291.22	−0.382%	$79.1M	$334.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	291.40	−0.322%	$51.0M	$87.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	291.20	−0.390%	$23.2M	$71.1M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TAO-USDlong	+0.0100%	1h	292.34	long leg	$128K	$579K	5x
Gate TAO_USDT	+0.0100%	4h	291.00	−0.458%	$11.5M	$44.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	291.16	−0.404%	$104.3M	$105.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	291.00	−0.458%	$19.6M	$21.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	290.95	−0.475%	$32.9M	$36.8M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	291.24	−0.376%	—	$29.8M	—	as long as short
Variational Omni TAO	+0.0100%	4h	294.61	+0.778%	$3.2M	$5.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	293.87	+0.523%	$38K	$272K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	294.38	+0.698%	$516K	$871K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	293.54	+0.410%	$44K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	291.98	−0.123%	$84K	$507K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	291.56	−0.268%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	291.65	−0.236%	$53K	$235K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	291.35	−0.339%	$1K	$1.6M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	291.42	−0.315%	$122K	$312K	20x
Phemex TAOUSDT	+0.0100%	4h	291.32	−0.349%	$3.1M	$7.5M	50x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	292.11	−0.079%	$3K	$340K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	291.71	−0.215%	$160K	$998	3x	as long as short
Paradex TAO-USD-PERP	+0.0105%	8h	291.88	−0.159%	$14K	$376	10x	as long as short
Nado TAO-PERP	+0.0179%	1h	291.63	−0.241%	$1.0M	$1.3M	10x	as long as short
Extended TAO-USD	+0.0192%	1h	291.18	−0.398%	$805K	$1.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0219%	1h	291.75	−0.202%	$23K	$1.0M	25x	as long as short
Phoenix TAO	+0.0336%	1h	294.20	+0.636%	$312K	$158K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	292.24	−0.034%	$4.0M	$7.2M	100x	as long as short
Lighter TAO	+0.0424%	1h	291.56	−0.266%	$1.3M	$2.4M	5x	as long as short
01 Exchange TAOUSD	+0.0432%	1h	292.34	0.000%	$3K	$4K	5x	as long as short
RISEx TAO/USDC	+0.0478%	1h	292.21	−0.045%	$336K	$451K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0479% / S −0.0195%	1h	291.29	−0.359%	$439K	—	100x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	291.81	−0.180%	$336	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0872%	1h	293.09	+0.257%	$1.5M	$4.2M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0905%	1h	291.73	−0.209%	$404K	$498K	10x	as long as short
Hyperliquid TAO	+0.1295%	1h	291.72	−0.212%	$83.0M	$55.5M	5x	as long as short
Injective TAO/USDC PERP	+0.2947%	1h	291.06	−0.438%	$21K	$39K	12x	as long as short