Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0038%/8h= +4.2% APRpaid last 24h +0.009%

Price spread now: ApeX Omni against HTX+0.119%7-day average +0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$147as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1561.555% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now +0.119%, 7d avg +0.112%

Together, before fees+0.010%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.112%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	318.61	0.0100	pay 0.0050% / 4h	5m 24s	$117K	$592K	20x
Short	ApeX Omni TAOUSDT	318.99	0.0138	get 0.0017% / 1h	5m 24s	$46K	$259K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now +0.119%Rate

Funding earned: $8
Price spread: +0.119% → +0.112%: $0.76
Slippage, 4 orders: −$133.54
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$146.78
Costs to cover: 1.555%
Break-even: 135.5 days

Slippage from HTX: live order book, 33 min ago; ApeX Omni: live order book, 31 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 HTX live order book, 33 min ago	8.86 bp	93.4 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 31 min ago	4.90 bp	12.7 bp −$13	119.1 bp −$1,191	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	318.24	−0.116%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0063%	1h	318.46	−0.048%	$128K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.85	+0.075%	$49K	$716K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.70	+0.028%	$26.5M	$132.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.50	−0.035%	$14.8M	$52.4M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.69	+0.025%	$17.9M	$32.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.51	−0.031%	$35.9M	$58.1M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.70	+0.028%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.38	−0.072%	$2K	$2.0M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	318.61	long leg	$117K	$592K	20x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX TAO/USD [WBTC.b-USDC]	L +0.0103% / S +0.0138%	1h	318.40	−0.065%	$411K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	318.65	+0.013%	$652	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.81	+0.061%	$175K	$998	3x	as long as short
ApeX Omni TAOUSDTshort	+0.0138%	1h	318.99	+0.119%	$46K	$259K	50x
Orderly PERP_TAO_USDC	+0.0181%	4h	318.74	+0.041%	$52K	$295K	10x	as long as short
Binance TAOUSDT	+0.0189%	4h	318.79	+0.058%	$93.2M	$533.4M	75x	as long as short
MEXC TAO_USDT	+0.0192%	4h	318.80	+0.060%	$104.3M	$152.9M	300x	as long as short
edgeX TAOUSDC	+0.0195%	4h	319.07	+0.145%	$42K	$320K	10x	as long as short
Bulk TAO-USD	+0.0217%	1h	317.92	−0.215%	$169K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0263%	8h	318.63	+0.006%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0278%	4h	318.76	+0.047%	—	$37.4M	—	as long as short
Bybit TAOUSDT	+0.0282%	4h	318.89	+0.088%	$70.1M	$157.2M	50x	as long as short
Bullet TAO-USD	+0.0305%	1h	318.56	−0.016%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0313%	1h	318.69	+0.024%	$374K	$465K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0314%	4h	318.68	+0.021%	$542K	$896K	10x	as long as short
Aster TAOUSDT	+0.0350%	4h	318.69	+0.025%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0392%	1h	318.82	+0.066%	$906K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0435%	4h	319.14	+0.166%	$4.7M	$11.0M	100x	as long as short
Phemex TAOUSDT	+0.0447%	4h	318.55	−0.019%	$3.2M	$8.2M	50x	as long as short
Nado TAO-PERP	+0.0472%	1h	318.75	+0.045%	$777K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	319.10	+0.154%	$100K	$384K	5x	as long as short
Variational Omni TAO	+0.0574%	4h	318.65	+0.013%	$5.6M	$10.1M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0601%	1h	318.62	+0.002%	$15K	$1.9M	25x	as long as short
Phoenix TAO	+0.0629%	1h	319.30	+0.217%	$321K	$703K	5x	as long as short
Lighter TAO	+0.0648%	1h	318.80	+0.061%	$1.6M	$6.9M	5x	as long as short
01 Exchange TAOUSD	+0.0688%	1h	318.95	+0.107%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0695%	1h	318.95	+0.107%	$94.4M	$110.2M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.71	+0.033%	$367	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0713%	1h	318.82	+0.066%	$440K	$981K	10x	as long as short
RISEx TAO/USDC	+0.0831%	1h	318.77	+0.052%	$452K	$662K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0831%	1h	318.79	+0.056%	$6.0M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.76	+0.361%	$1.3M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.44	+1.202%	$23K	$2K	12x	as long as short