Funding you earn now, next payment 23:00 UTC−0.0281%/8h= −30.8% APRpaid last 24h −0.028%
Price spread now: HTX against Backpack+0.016%7-day average −0.159% · you sell dearer than you buy
Net, funding: paid 7d − costs−$180as in the Funding arb table
Net, price: spread back to 7d avg − costs−$156as in the Price arb table
costs, in and out, $10k−$1731.735% of the position
Funding, last 7 days−0.062%−$6 on $10k
+Price spread, last 3 days (all we have)−0.154%−$15 · spread now +0.016%, 7d avg −0.159%
=The price spread pays, funding is against you. HTX is 0.175% dearer against Backpack than usual: you sell high and buy low (spread +0.016% now, against its 7-day average of −0.159%): +$18 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 2.1 days. At the pace of the last 7 days (−0.062% in total) that is about 20 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.062% in total (about -3.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack TAO_USDC_PERP | 303.78 | 0.0381 | pay 0.0048% / 1h | 45m 32s | $376K | $756K | 10x |
| Short | HTX TAO-USDT | 303.83 | 0.0100 | get 0.0050% / 4h | 1h 45m | $120K | $356K | 20x |
Backpack TAO_USDC_PERP
HTX TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$59
- Price spread: +0.016% → −0.159%
- $17.52
- Slippage, 4 orders
- −$151.48
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$214.96
- Costs to cover
- 1.735%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 38 min ago; HTX: live order book, 37 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 Backpack live order book, 38 min ago | 0.16 bp | 20.3 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 37 min ago | 34.46 bp | 43.9 bp −$44 | 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 | −0.0466% | 1h | 307.38 | +1.185% | $202K | $17K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 303.51 | −0.090% | $124K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 303.52 | −0.085% | $26K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 303.32 | −0.151% | $43K | $535K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 303.32 | −0.151% | $84.9M | $410.2M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 303.36 | −0.138% | $58.8M | $120.6M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 303.50 | −0.092% | $24.4M | $94.5M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 303.52 | −0.086% | $79K | $642K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 303.30 | −0.158% | $12.1M | $48.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 303.27 | −0.168% | $120.5M | $124.1M | 300x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 303.42 | −0.119% | $18.2M | $26.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 303.46 | −0.105% | $33.9M | $45.6M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 303.30 | −0.158% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 305.07 | +0.424% | $3.6M | $6.6M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 303.67 | −0.036% | $39K | $279K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 303.73 | −0.016% | $502K | $967K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 303.64 | −0.046% | $77K | $607K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 304.05 | +0.090% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 303.80 | +0.007% | $58K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 303.94 | +0.053% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDTshort | +0.0100% | 4h | 303.83 | +0.016% | $120K | $356K | 20x | |
| Phemex TAOUSDT | +0.0100% | 4h | 303.84 | +0.020% | $3.2M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 303.63 | −0.050% | $167K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0108% | 4h | 303.49 | −0.095% | $1.1M | $7.7M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0112% | 8h | 303.28 | −0.165% | $621 | $486K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0153% | 8h | 303.36 | −0.138% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 303.66 | −0.039% | $359K | $370K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 303.71 | −0.024% | $434K | — | 100x | as long as short |
| ApeX Omni TAOUSDT | +0.0233% | 1h | 304.06 | +0.092% | $46K | $269K | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 303.45 | −0.109% | $4.3M | $9.3M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0346% | 1h | 303.74 | −0.012% | $20K | $1.4M | 25x | as long as short |
| Backpack TAO_USDC_PERPlong | +0.0381% | 1h | 303.78 | long leg | $376K | $756K | 10x | |
| 01 Exchange TAOUSD | +0.0392% | 1h | 303.48 | −0.099% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0408% | 1h | 304.20 | +0.139% | $1.6M | $5.2M | 5x | as long as short |
| Nado TAO-PERP | +0.0436% | 1h | 303.50 | −0.091% | $826K | $1.9M | 10x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 303.90 | +0.040% | $322K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 303.55 | −0.077% | $349 | — | 20x | as long as short |
| Extended TAO-USD | +0.0832% | 1h | 303.21 | −0.189% | $835K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 305.27 | +0.490% | $1.5M | $5.6M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1040% | 1h | 303.74 | −0.013% | $5.8M | $19.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.1155% | 1h | 303.41 | −0.122% | $409K | $545K | 5x | as long as short |
| Hyperliquid TAO | +0.1288% | 1h | 304.23 | +0.148% | $92.8M | $79.8M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +1.629% | $22K | $264 | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Aster TAOUSDT
Katana Perps TAO-USD
Paradex TAO-USD-PERP
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
ApeX Omni TAOUSDT
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
01 Exchange TAOUSD
Lighter TAO
Nado TAO-PERP
Phoenix TAO
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP