Settings8H · net · $10k
Funding arb · Price arb /

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0388%/8h= −42.5% APRpaid last 24h −0.074%
Price spread now: HTX against Extended−0.040%7-day average −0.064% · you buy dearer than you sell
Net, funding: paid 7d − costs−$173as in the Funding arb table
Net, price: spread back to 7d avg − costs−$154as in the Price arb table
costs, in and out, $10k−$1561.560% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.174%−$17 on $10k
Price spread, last 4 days (all we have)−0.037%−$4 · spread now −0.040%, 7d avg −0.064%
Together, before fees−0.212%+ Points / potential airdropExtended: Active · farm board−$21 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.024% dearer against Extended than usual: you sell high and buy low (spread −0.040% now, against its 7-day average of −0.064%): +$2 on $10k if it goes back. Holding the pair costs −$12 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.174% in total) that is about 24 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.174% in total (about -9.1% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TAO-USD319.590.0488pay 0.0061% / 1h40m 07s$917K$2.4M25x
ShortHTX TAO-USDT319.460.0100get 0.0050% / 4h1h 40m$118K$588K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Extended. 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

Funding earned
−$81.48
Price spread: −0.040% → −0.064%
$2.45
Slippage, 4 orders
−$138.95
Fee Extended: 2.5 bp × 2 orders
−$5
Fee HTX: 6 bp × 2 orders
−$12
Net
−$234.98
Costs to cover
1.560%
Break-even
never at this rate
Slippage from Extended: live order book, 4 min ago; HTX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 4 min ago1.87 bp4.7 bp −$56.4 bp −$64doesn't fitdoesn't fit
Sell HTX live order book, 3 min ago11.74 bp51.9 bp −$52doesn't fitdoesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.2019%1h319.65+0.020%$170K$33310xas long as short
dYdX TAO-USD0.0000%1h319.66+0.023%$127K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h319.54−0.016%$20K150xas long as short
Popdex TAOUSDT+0.0096%1h320.22+0.198%$41K$696K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h319.30−0.090%$26.5M$129.1M50xas long as short
Gate TAO_USDT+0.0100%4h319.40−0.059%$14.2M$51.7M50xas long as short
KuCoin TAOUSDTM+0.0100%4h319.38−0.065%$17.8M$32.1M75xas long as short
Bitget TAOUSDT+0.0100%4h319.06−0.165%$35.8M$58.4M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h319.81+0.070%$45K$258K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h320.00+0.129%$79K$1.1M5xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDT+0.0100%4h319.33−0.080%$1K$2.0M20xas long as short
HTX TAO-USDTshort+0.0100%4h319.46−0.040%$118K$588K20x
Katana Perps TAO-USD+0.0109%8h320.04+0.142%$726$1.0M5xas long as short
Phemex TAOUSDT+0.0117%4h319.86+0.085%$3.3M$8.1M50xas long as short
Orderly PERP_TAO_USDC+0.0120%4h319.66+0.023%$53K$292K10xas long as short
Aevo TAO-PERP+0.0120%1h319.73+0.046%$176K$9983xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0120% / S +0.0157%1h319.48−0.033%$432K100xas long as short
edgeX TAOUSDC+0.0152%4h320.03+0.140%$42K$318K10xas long as short
MEXC TAO_USDT+0.0156%4h319.49−0.030%$104.9M$149.7M300xas long as short
Binance TAOUSDT+0.0158%4h319.41−0.055%$92.4M$527.3M75xas long as short
Paradex TAO-USD-PERP+0.0262%8h320.06+0.149%$15K$1K10xas long as short
Aster TAOUSDT+0.0314%4h319.53−0.018%$1.3M$10.9M50xas long as short
Bybit TAOUSDT+0.0380%4h319.43−0.049%$69.7M$155.8M50xas long as short
Bullet TAO-USD+0.0389%1h319.84+0.080%$12K$17K20xas long as short
BloFin TAO-USDT+0.0398%4h319.77+0.057%$4.7M$11.1M100xas long as short
BingX TAO-USDT+0.0398%4h319.38−0.065%$34.5Mas long as short
GRVT TAO_USDT_Perp+0.0408%4h319.70+0.034%$544K$940K10xas long as short
Extended TAO-USDlong+0.0488%1h319.59long leg$917K$2.4M25x
Pacifica TAO+0.0525%1h320.13+0.170%$365K$423K10xas long as short
Variational Omni TAO+0.0535%4h319.70+0.035%$5.6M$10.2Mas long as short
Deribit TAO_USDC-PERPETUAL+0.0540%1h319.62+0.011%$14K$1.9M25xas long as short
Phoenix TAO+0.0567%1h320.30+0.223%$319K$709K5xas long as short
01 Exchange TAOUSD+0.0632%1h320.41+0.257%$3K$4K5xas long as short
Arcus TAO-USD+0.0641%1h320.45+0.270%$103K$394K5xas long as short
Nado TAO-PERP+0.0646%1h320.14+0.174%$802K$2.2M10xas long as short
Hyperliquid TAO+0.0654%1h319.69+0.032%$94.4M$110.2M5xas long as short
Backpack TAO_USDC_PERP+0.0677%1h319.53−0.018%$300K$904K10xas long as short
Reya TAORUSDPERP+0.0698%1h319.82+0.073%$36820xas long as short
Lighter TAO+0.0864%1h319.89+0.094%$1.5M$6.7M5xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h320.89+0.408%$1.5M$6.9M50xas long as short
RISEx TAO/USDC+0.1077%1h320.06+0.149%$462K$663K5xas long as short
Kraken Futures PF_TAOUSD+0.1154%1h319.80+0.066%$6.0M$21.7M50xas long as short
Injective TAO/USDC PERP+0.4723%1h323.63+1.265%$24K$2K12xas long as short