Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.4305%/8h= +471.4% APRpaid last 24h +0.817%

Price spread now: Injective against HTX+2.020%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 Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+3.691%+$369 on $10k

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 +$129 a day on $10k at the current rate, and Injective is 2.020% dearer against HTX than usual: you sell high and buy low: +$202 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	HTX TAO-USDT	316.28	0.0100	pay 0.0050% / 4h	1h 50m	$113K	$563K	20x
Short	Injective TAO/USDC PERP	322.67	0.4405	get 0.0551% / 1h	50m 31s	$23K	$2K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.020%Rate

Funding earned: $904.08
Price spread: +2.020% → 0.000%: $202.04
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $1,094.09
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: live order book, 61 min ago; Injective: 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, 61 min ago	12.58 bp	80.1 bp −$80	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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/USD	L +0.0004% / S −0.0003%	1h	316.86	+0.183%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.55	+0.085%	$50K	$632K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.30	+0.006%	$26.8M	$128.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.10	−0.057%	$15.7M	$47.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.25	−0.009%	$17.6M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.14	−0.044%	$35.8M	$56.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.25	+0.307%	$45K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.09	−0.060%	$81K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.45	+0.054%	$2K	$1.8M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	316.28	long leg	$113K	$563K	20x

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0104%	8h	316.09	−0.060%	$891	$1.3M	5x	as long as short
Bybit TAOUSDT	+0.0113%	4h	316.56	+0.089%	$69.4M	$155.5M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	316.48	+0.063%	$174K	$998	3x	as long as short
Phemex TAOUSDT	+0.0131%	4h	316.54	+0.082%	$3.2M	$8.1M	50x	as long as short
MEXC TAO_USDT	+0.0138%	4h	316.45	+0.054%	$105.5M	$147.3M	300x	as long as short
Binance TAOUSDT	+0.0140%	4h	316.44	+0.049%	$93.1M	$511.1M	75x	as long as short
edgeX TAOUSDC	+0.0146%	4h	317.23	+0.299%	$42K	$323K	10x	as long as short
BingX TAO-USDT	+0.0152%	4h	316.38	+0.032%	—	$38.0M	—	as long as short
Paradex TAO-USD-PERP	+0.0206%	8h	316.38	+0.032%	$14K	$876	10x	as long as short
Lighter TAO	+0.0224%	1h	316.43	+0.046%	$1.6M	$6.6M	5x	as long as short
Extended TAO-USD	+0.0224%	1h	316.22	−0.018%	$959K	$2.1M	25x	as long as short
Pacifica TAO	+0.0240%	1h	316.38	+0.032%	$375K	$456K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0256%	4h	316.50	+0.070%	$53K	$262K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0262%	4h	317.12	+0.266%	$541K	$805K	10x	as long as short
Bullet TAO-USD	+0.0264%	1h	316.75	+0.148%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0307%	4h	316.31	+0.009%	$1.2M	$11.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0360% / S −0.0107%	1h	316.55	+0.084%	$372K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0369%	1h	316.48	+0.063%	$15K	$1.9M	25x	as long as short
BloFin TAO-USDT	+0.0381%	4h	316.79	+0.161%	$4.9M	$10.4M	100x	as long as short
Nado TAO-PERP	+0.0383%	1h	316.35	+0.023%	$695K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0444%	4h	316.43	+0.049%	$5.7M	$9.8M	—	as long as short
Hyperliquid TAO	+0.0465%	1h	316.48	+0.063%	$95.3M	$107.0M	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	316.75	+0.149%	$100K	$310K	5x	as long as short
dYdX TAO-USD	+0.0623%	1h	316.04	−0.076%	$266K	$230K	5x	as long as short
01 Exchange TAOUSD	+0.0632%	1h	316.68	+0.126%	$3K	$2K	5x	as long as short
Phoenix TAO	+0.0650%	1h	317.60	+0.417%	$319K	$710K	5x	as long as short
RISEx TAO/USDC	+0.0666%	1h	316.67	+0.124%	$436K	$677K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0671%	1h	316.50	+0.070%	$297K	$1.1M	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	316.90	+0.196%	$1.1M	$7.6M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	316.25	−0.008%	$364	—	20x	as long as short
Bulk TAO-USD	+0.0807%	1h	318.75	+0.781%	$169K	$0	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0931%	1h	316.42	+0.045%	$6.2M	$19.5M	50x	as long as short
Injective TAO/USDC PERPshort	+0.4405%	1h	322.67	+2.020%	$23K	$2K	12x