Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against HTX+0.328%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$145as in the Funding arb table

Net, price: spread back to 7d avg − costs−$125as in the Price arb table

costs, in and out, $10k−$1521.519% of the position

Long on HTX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$7 on $10k

Price spread, last 4 days (all we have)−0.296%−$30 · spread now +0.328%, 7d avg +0.063%

Together, before fees−0.231%−$23 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.265% dearer against HTX than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	314.26	0.0100	pay 0.0050% / 4h	3h 35m	$115K	$590K	20x
Short	Bitget TAOUSDT	315.29	0.0100	get 0.0050% / 4h	3h 35m	$35.5M	$57.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.328%Rate

Funding earned: $0
Price spread: +0.328% → +0.063%: $26.49
Slippage, 4 orders: −$127.85
Fee HTX: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$125.36
Costs to cover: 1.519%
Break-even: never at this rate

Slippage from HTX: live order book, 63 min ago; Bitget: live order book, 3 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, 63 min ago	8.86 bp	93.4 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	1.43 bp	12.1 bp −$12	21.3 bp −$213	28.4 bp −$2,840	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	314.81	+0.175%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.06	+0.255%	$49K	$705K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	314.84	+0.185%	$644	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.60	+0.426%	$26.3M	$129.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.10	+0.267%	$14.9M	$49.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.21	+0.302%	$17.7M	$32.2M	75x	as long as short
Bitget TAOUSDTshort	+0.0100%	4h	315.29	+0.328%	$35.5M	$57.5M	50x
Polymarket Perps TAO-USD	+0.0100%	1h	314.80	+0.172%	$86K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.73	+0.150%	$1K	$1.9M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	314.26	long leg	$115K	$590K	20x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	315.18	+0.293%	$3.2M	$8.1M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0118%	4h	315.10	+0.268%	$539K	$877K	10x	as long as short
Aevo TAO-PERP	+0.0120%	1h	315.29	+0.329%	$173K	$998	3x	as long as short
Bulk TAO-USD	+0.0125%	1h	316.13	+0.595%	$168K	$0	10x	as long as short
ApeX Omni TAOUSDT	+0.0134%	1h	315.19	+0.296%	$45K	$257K	50x	as long as short
MEXC TAO_USDT	+0.0146%	4h	315.30	+0.331%	$104.7M	$151.8M	300x	as long as short
Binance TAOUSDT	+0.0147%	4h	315.49	+0.390%	$92.0M	$527.9M	75x	as long as short
edgeX TAOUSDC	+0.0154%	4h	315.22	+0.305%	$42K	$320K	10x	as long as short
dYdX TAO-USD	+0.0200%	1h	315.05	+0.250%	$127K	$86K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0210%	4h	315.12	+0.274%	$54K	$298K	10x	as long as short
Bullet TAO-USD	+0.0225%	1h	315.15	+0.283%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERP	+0.0238%	8h	315.33	+0.339%	$14K	$876	10x	as long as short
BingX TAO-USDT	+0.0308%	4h	315.52	+0.401%	—	$37.3M	—	as long as short
Aster TAOUSDT	+0.0311%	4h	315.29	+0.328%	$1.2M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	315.35	+0.347%	$370K	$440K	10x	as long as short
Extended TAO-USD	+0.0352%	1h	315.21	+0.302%	$894K	$2.3M	25x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0360% / S −0.0107%	1h	314.78	+0.165%	$370K	—	100x	as long as short
Bybit TAOUSDT	+0.0364%	4h	315.64	+0.439%	$69.5M	$154.9M	50x	as long as short
BloFin TAO-USDT	+0.0387%	4h	315.36	+0.350%	$4.8M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	315.41	+0.366%	$99K	$368K	5x	as long as short
Hyperliquid TAO	+0.0505%	1h	315.71	+0.461%	$93.0M	$108.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0508%	1h	315.18	+0.294%	$15K	$1.9M	25x	as long as short
Nado TAO-PERP	+0.0509%	1h	315.23	+0.308%	$767K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	316.20	+0.617%	$318K	$714K	5x	as long as short
Lighter TAO	+0.0600%	1h	315.53	+0.405%	$1.6M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	315.22	+0.305%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0614%	4h	315.43	+0.373%	$5.6M	$10.1M	—	as long as short
Backpack TAO_USDC_PERP	+0.0677%	1h	315.36	+0.350%	$315K	$1.0M	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	315.25	+0.316%	$363	—	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0789%	1h	315.30	+0.331%	$6.0M	$21.1M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	315.05	+0.252%	$436K	$680K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	315.55	+0.410%	$1.2M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	319.36	+1.623%	$23K	$2K	12x	as long as short