TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0061%/8h= −6.7% APRnext payment −$0.31 per $10,000 · paid last 24h −0.004%

Price spread now: HTX against edgeX−0.983%77s7-day average −0.081% · you buy dearer than you sell

Net, funding: paid 7d − costs−$134as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$1311.311% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)+0.957%+$96 · spread now −0.983%, 7d avg −0.081%

Together, before fees+0.928%+ Points / potential airdropedgeX: Active · farm board+$93 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and HTX is 0.902% cheaper against edgeX than usual: you would sell low and buy high (−$90 if the spread goes back to its 7-day average of −0.081%). Swap the legs. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX TAOUSDC	322.73	0.0161	pay 0.0081% / 4h	2h 54m	$43K	$322K	10x
Short	HTX TAO-USDT	319.56	0.0100	get 0.0050% / 4h	2h 54m	$117K	$557K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against edgeX. 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 edgeXbpFee HTXbpOrdersPrice spread, now −0.983%Rate

Funding earned: −$12.85
Price spread: −0.983% → −0.081%: −$90.2
Slippage, 4 orders: −$110.08
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$234.13
Costs to cover: 1.311%
Break-even: never at this rate

Slippage from edgeX: live order book, 39 min ago; HTX: live order book, 39 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 edgeX live order book, 39 min ago	4.76 bp	9.3 bp −$9	21.4 bp −$214	doesn't fit	doesn't fit
Sell HTX live order book, 39 min ago	16.57 bp	22.8 bp −$23	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	−0.0985%	1h	321.65	−0.335%	$171K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	324.21	+0.457%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.99	−0.850%	$50K	$685K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	320.09	−0.819%	$70.3M	$155.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.90	−0.878%	$26.7M	$130.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.50	−1.002%	$15.3M	$48.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.63	−0.961%	$17.5M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.48	−1.008%	$36.2M	$57.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	322.38	−0.109%	$46K	$256K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.99	−0.850%	$84K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	319.39	−1.036%	$1K	$1.9M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	319.56	−0.983%	$117K	$557K	20x
Phemex TAOUSDT	+0.0100%	4h	319.76	−0.921%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	319.75	−0.924%	$654	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	319.86	−0.889%	$176K	$998	3x	as long as short
Binance TAOUSDT	+0.0155%	4h	319.91	−0.874%	$94.2M	$521.5M	75x	as long as short
BingX TAO-USDT	+0.0158%	4h	319.89	−0.881%	—	$39.1M	—	as long as short
MEXC TAO_USDT	+0.0160%	4h	320.00	−0.847%	$107.3M	$149.5M	300x	as long as short
edgeX TAOUSDClong	+0.0161%	4h	322.73	long leg	$43K	$322K	10x
Paradex TAO-USD-PERP	+0.0220%	8h	319.23	−1.084%	$14K	$876	10x	as long as short
Orderly PERP_TAO_USDC	+0.0246%	4h	319.84	−0.896%	$53K	$274K	10x	as long as short
Extended TAO-USD	+0.0288%	1h	319.58	−0.976%	$963K	$2.2M	25x	as long as short
Pacifica TAO	+0.0301%	1h	319.10	−1.125%	$372K	$439K	10x	as long as short
Lighter TAO	+0.0304%	1h	320.03	−0.837%	$1.6M	$6.6M	5x	as long as short
GRVT TAO_USDT_Perp	+0.0308%	4h	322.97	+0.073%	$549K	$826K	10x	as long as short
Aster TAOUSDT	+0.0316%	4h	319.89	−0.881%	$1.3M	$11.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0364% / S −0.0107%	1h	320.06	−0.829%	$376K	—	100x	as long as short
Arcus TAO-USD	+0.0364%	1h	319.98	−0.853%	$101K	$329K	5x	as long as short
BloFin TAO-USDT	+0.0401%	4h	320.44	−0.710%	$4.8M	$11.0M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0417%	1h	319.79	−0.910%	$19K	$1.9M	25x	as long as short
Bullet TAO-USD	+0.0455%	1h	319.88	−0.885%	$13K	$17K	20x	as long as short
Variational Omni TAO	+0.0521%	4h	322.30	−0.133%	$5.7M	$9.8M	—	as long as short
Phoenix TAO	+0.0578%	1h	323.80	+0.331%	$326K	$712K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0679%	1h	319.93	−0.869%	$6.2M	$20.9M	50x	as long as short
Nado TAO-PERP	+0.0696%	1h	319.74	−0.928%	$728K	$2.0M	10x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	319.66	−0.951%	$368	—	20x	as long as short
RISEx TAO/USDC	+0.0701%	1h	319.57	−0.979%	$442K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0728%	1h	320.09	−0.819%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0782%	1h	319.12	−1.119%	$299K	$1.1M	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0832%	1h	319.97	−0.856%	$1.1M	$7.5M	50x	as long as short
Hyperliquid TAO	+0.1032%	1h	320.05	−0.831%	$96.5M	$109.9M	5x	as long as short
dYdX TAO-USD	+0.1482%	1h	318.93	−1.177%	$269K	$233K	5x	as long as short
Injective TAO/USDC PERP	+0.3320%	1h	327.96	+1.620%	$24K	$2K	12x	as long as short