Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against HTX+0.133%7-day average — · you sell dearer than you buy

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

Long on HTX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.133% dearer against HTX than usual: you sell high and buy low (spread +0.133% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	314.40	0.0100	pay 0.0050% / 4h	12m 11s	$109K	$535K	20x
Short	gTrade (Gains Network) TAO/USD	314.82	L +0.0004% / S −0.0004%	get 0.0001% / 1h	12m 11s	$20K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.133%Rate

Funding earned: −$20.15
Price spread: +0.133% → 0.000%: $13.3
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$28.85
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 46 min ago; gTrade (Gains Network): no order-book sample. 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 HTX live order book, 46 min ago	13.02 bp	112.9 bp −$113	doesn't fit	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

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 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
dYdX TAO-USD	0.0000%	1h	314.80	+0.126%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USDshort	L +0.0004% / S −0.0004%	1h	314.82	+0.133%	$20K	—	150x
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.28	+0.280%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.75	+0.111%	$43K	$668K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.76	+0.115%	$644	$799K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.34	+0.299%	$91.1M	$495.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.47	+0.340%	$68.0M	$149.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.30	+0.286%	$26.0M	$120.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.90	+0.159%	$12.9M	$50.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.37	+0.309%	$111.0M	$144.2M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	315.13	+0.232%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.00	+0.191%	$35.2M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.15	+0.239%	—	$32.8M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.09	+0.219%	$42K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.71	+0.097%	$521K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.38	+0.312%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.76	+0.115%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.05	+0.207%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.99	+0.188%	$2K	$1.9M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	314.40	long leg	$109K	$535K	20x
Phemex TAOUSDT	+0.0100%	4h	315.10	+0.223%	$3.2M	$8.1M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	314.68	+0.089%	$167K	$2K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.04	+0.204%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	315.03	+0.200%	$52K	$271K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0145% / S +0.0122%	1h	314.83	+0.137%	$428K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	314.96	+0.178%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0172%	4h	314.87	+0.148%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0200%	1h	315.05	+0.205%	$923K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0214%	1h	314.83	+0.138%	$800K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0271%	1h	315.13	+0.232%	$92.7M	$106.6M	5x	as long as short
01 Exchange TAOUSD	+0.0328%	1h	315.09	+0.219%	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.08	+0.216%	$4.6M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.20	+0.254%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0348%	1h	315.32	+0.293%	$316K	$913K	10x	as long as short
Lighter TAO	+0.0352%	1h	315.66	+0.402%	$1.5M	$6.5M	5x	as long as short
Pacifica TAO	+0.0365%	1h	314.99	+0.188%	$359K	$412K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0443%	1h	315.20	+0.254%	$23K	$1.7M	25x	as long as short
Variational Omni TAO	+0.0461%	4h	315.17	+0.245%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.10	+0.223%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.97	+0.181%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	314.97	+0.181%	$437K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.12	+0.547%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.19	+1.205%	$23K	$2K	12x	as long as short