TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: HTX against BloFin−0.196%7-day average −0.124% · you buy dearer than you sell

Net, funding: paid 7d − costs−$272as in the Funding arb table

Net, price: spread back to 7d avg − costs−$233as in the Price arb table

costs, in and out, $10k−$2262.256% of the position

Long on BloFin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.469%−$47 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.196%, 7d avg −0.124%

Together, before fees−0.412%−$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 0.072% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.124%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TAO-USDT	311.38	0.0340	pay 0.0170% / 4h	3h 40m	$4.5M	$10.8M	100x
Short	HTX TAO-USDT	310.77	0.0100	get 0.0050% / 4h	3h 40m	$108K	$538K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against BloFin. 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 BloFinbpFee HTXbpOrdersPrice spread, now −0.196%Rate

Funding earned: −$50.4
Price spread: −0.196% → −0.124%: −$7.23
Slippage, 4 orders: −$201.62
Fee BloFin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$283.24
Costs to cover: 2.256%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; HTX: live order book, 13 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 BloFin live order book, 3 min ago	2.41 bp	9.8 bp −$10	17.9 bp −$179	37.4 bp −$3,736	doesn't fit
Sell HTX live order book, 13 min ago	14.04 bp	94.9 bp −$95	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
Kraken Futures PF_TAOUSD	−0.0349%	1h	311.35	−0.011%	$5.5M	$20.7M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	310.89	−0.156%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.02	−0.117%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.25	−0.042%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	310.76	−0.199%	$2K	$818K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.29	−0.029%	$355K	$413K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.33	−0.016%	$89.3M	$499.4M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.28	−0.032%	$67.0M	$150.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.20	−0.058%	$25.9M	$120.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	311.10	−0.090%	$13.0M	$49.7M	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	311.49	+0.035%	$101.4M	$144.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.24	−0.045%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.93	−0.145%	$34.8M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.35	−0.010%	—	$33.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.57	+0.061%	$41K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.95	+0.182%	$529K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	311.53	+0.048%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	310.97	−0.132%	$81K	$889K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.48	+0.032%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.12	−0.083%	$1K	$1.9M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	310.77	−0.196%	$108K	$538K	20x
Aevo TAO-PERP	+0.0104%	1h	311.45	+0.024%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0108%	4h	311.33	−0.017%	$1.2M	$10.4M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0114%	4h	311.22	−0.051%	$52K	$270K	10x	as long as short
Bulk TAO-USD	+0.0125%	1h	311.89	+0.164%	$166K	$333	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0140% / S +0.0132%	1h	311.05	−0.106%	$413K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0145%	8h	311.10	−0.090%	$14K	$1K	10x	as long as short
Extended TAO-USD	+0.0208%	1h	311.48	+0.033%	$908K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.56	+0.058%	$101K	$394K	5x	as long as short
Hyperliquid TAO	+0.0264%	1h	311.48	+0.032%	$91.4M	$107.4M	5x	as long as short
Nado TAO-PERP	+0.0284%	1h	311.25	−0.041%	$790K	$2.2M	10x	as long as short
Variational Omni TAO	+0.0303%	4h	311.43	+0.016%	$5.5M	$10.0M	—	as long as short
BloFin TAO-USDTlong	+0.0340%	4h	311.38	long leg	$4.5M	$10.8M	100x
01 Exchange TAOUSD	+0.0432%	1h	311.37	−0.003%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0432%	1h	311.43	+0.016%	$309K	$906K	10x	as long as short
Phoenix TAO	+0.0457%	1h	312.50	+0.360%	$311K	$711K	5x	as long as short
Lighter TAO	+0.0472%	1h	311.62	+0.075%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0630%	1h	311.34	−0.012%	$20K	$1.8M	25x	as long as short
Phemex TAOUSDT	+0.0696%	4h	311.11	−0.087%	$3.2M	$8.0M	50x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	311.34	−0.014%	$358	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.26	−0.037%	$438K	$659K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.87	+0.157%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.38	+1.927%	$23K	$2K	12x	as long as short