Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: HTX against gTrade (Gains Network)+0.060%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.060% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TAO/USD	321.05	L +0.0004% / S −0.0003%	pay 0.0000% / 1h	7m 26s	$20K	—	150x
Short	HTX TAO-USDT	321.24	0.0100	get 0.0050% / 4h	7m 26s	$116K	$520K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now +0.060%Rate

Funding earned: $20.21
Price spread: +0.060% → 0.000%: $6.01
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: $4.22
Costs to cover: 0.220%
Break-even: 5.5 days

Slippage unknown: gTrade (Gains Network): no order-book sample; HTX: live order book, 34 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell HTX live order book, 34 min ago	10.18 bp	48.5 bp −$49	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TAO on 43 exchanges

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
gTrade (Gains Network) TAO/USDlong	L +0.0004% / S −0.0003%	1h	321.05	long leg	$20K	—	150x
Popdex TAOUSDT	+0.0096%	1h	320.82	−0.071%	$60K	$610K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.70	−0.108%	$27.6M	$126.8M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	319.24	−0.563%	$169K	$662	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.60	−0.139%	$16.8M	$47.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	320.57	−0.149%	$17.7M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.44	−0.189%	$36.3M	$53.0M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.82	−0.071%	$68K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	321.36	+0.097%	$2K	$1.7M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	321.24	+0.060%	$116K	$520K	20x

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0101%	8h	320.84	−0.064%	$1K	$1.3M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0103%	1h	321.32	+0.085%	$30K	$1.9M	25x	as long as short
Aevo TAO-PERP	+0.0120%	1h	321.59	+0.168%	$177K	$998	3x	as long as short
dYdX TAO-USD	+0.0127%	1h	320.71	−0.104%	$270K	$226K	5x	as long as short
Extended TAO-USD	+0.0128%	1h	320.77	−0.086%	$930K	$2.2M	25x	as long as short
ApeX Omni TAOUSDT	+0.0130%	1h	322.57	+0.474%	$46K	$250K	50x	as long as short
Phemex TAOUSDT	+0.0137%	4h	321.16	+0.035%	$3.2M	$8.3M	50x	as long as short
edgeX TAOUSDC	+0.0144%	4h	322.43	+0.429%	$43K	$325K	10x	as long as short
Binance TAOUSDT	+0.0146%	4h	320.85	−0.061%	$95.6M	$500.0M	75x	as long as short
MEXC TAO_USDT	+0.0148%	4h	320.81	−0.074%	$114.5M	$153.2M	300x	as long as short
Bullet TAO-USD	+0.0167%	1h	320.85	−0.060%	$12K	$15K	20x	as long as short
Pacifica TAO	+0.0223%	1h	320.96	−0.028%	$389K	$448K	10x	as long as short
Paradex TAO-USD-PERP	+0.0231%	8h	321.17	+0.037%	$15K	$769	10x	as long as short
Bybit TAOUSDT	+0.0241%	4h	320.82	−0.071%	$71.3M	$152.1M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0242%	4h	321.24	+0.060%	$550K	$793K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0256%	4h	321.41	+0.113%	$54K	$262K	10x	as long as short
BingX TAO-USDT	+0.0256%	4h	320.98	−0.021%	—	$36.6M	—	as long as short
Nado TAO-PERP	+0.0316%	1h	320.98	−0.022%	$671K	$2.0M	10x	as long as short
Aster TAOUSDT	+0.0330%	4h	320.88	−0.052%	$1.3M	$11.4M	50x	as long as short
BloFin TAO-USDT	+0.0384%	4h	321.65	+0.188%	$4.9M	$10.0M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0389% / S −0.0121%	1h	321.09	+0.014%	$390K	—	100x	as long as short
Lighter TAO	+0.0488%	1h	321.16	+0.035%	$1.7M	$6.8M	5x	as long as short
Hyperliquid TAO	+0.0503%	1h	321.04	−0.002%	$96.2M	$104.3M	5x	as long as short
Variational Omni TAO	+0.0520%	4h	320.67	−0.118%	$6.6M	$9.8M	—	as long as short
Arcus TAO-USD	+0.0587%	1h	321.28	+0.073%	$101K	$284K	5x	as long as short
Phoenix TAO	+0.0636%	1h	322.50	+0.453%	$324K	$701K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0693%	1h	321.20	+0.048%	$305K	$1.1M	10x	as long as short
RISEx TAO/USDC	+0.0694%	1h	320.73	−0.099%	$430K	$652K	5x	as long as short
Reya TAORUSDPERP	+0.0700%	1h	320.65	−0.124%	$369	—	20x	as long as short
01 Exchange TAOUSD	+0.0712%	1h	321.18	+0.041%	$3K	$2K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0728%	1h	321.19	+0.045%	$1.1M	$7.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0840%	1h	321.71	+0.206%	$6.4M	$19.4M	50x	as long as short
Injective TAO/USDC PERP	+0.4136%	1h	322.02	+0.303%	$23K	$2K	12x	as long as short