Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against HTX−0.073%7-day average +0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$183as in the Funding arb table

Net, price: spread back to 7d avg − costs−$200as in the Price arb table

costs, in and out, $10k−$1821.820% of the position

Long on HTX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 3 days (all we have)+0.218%+$22 · spread now −0.073%, 7d avg +0.103%

Together, before fees+0.213%+$21 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: MEXC is 0.176% cheaper against HTX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	315.47	0.0100	pay 0.0050% / 4h	2h 17m	$129K	$473K	20x
Short	MEXC TAO_USDT	315.24	0.0100	get 0.0050% / 4h	2h 17m	$111.6M	$139.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → +0.103%: −$17.62
Slippage, 4 orders: −$170.02
Fee HTX: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$199.64
Costs to cover: 1.820%
Break-even: never at this rate

Slippage from HTX: live order book, 51 min ago; MEXC: live order book, 1 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, 51 min ago	21.48 bp	103.5 bp −$103	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	0.79 bp	2.3 bp −$2	6.7 bp −$67	28.1 bp −$2,807	116.8 bp −$58.4K

TAO on 42 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	315.05	−0.134%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.21	−0.081%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.02	−0.143%	$43K	$634K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.61	+0.044%	$90.6M	$467.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.30	−0.054%	$26.1M	$113.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.00	−0.149%	$12.9M	$50.5M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	315.24	−0.073%	$111.6M	$139.4M	300x
KuCoin TAOUSDTM	+0.0100%	4h	315.41	−0.019%	$18.0M	$30.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.95	−0.165%	$35.1M	$53.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.73	+0.082%	$35K	$300K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	315.68	+0.067%	$47K	$252K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.46	−0.003%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.87	+0.127%	$2K	$1.9M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	315.47	long leg	$129K	$473K	20x
Phemex TAOUSDT	+0.0100%	4h	315.49	+0.006%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.79	+0.101%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0118%	8h	314.97	−0.158%	$2K	$712K	5x	as long as short
Polymarket Perps TAO-USD	+0.0119%	1h	315.02	−0.143%	$80K	$681K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	315.89	+0.133%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0168% / S +0.0099%	1h	315.24	−0.072%	$431K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0174%	4h	317.11	+0.521%	$523K	$954K	10x	as long as short
Bullet TAO-USD	+0.0247%	1h	315.65	+0.057%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0259%	4h	315.23	−0.075%	$1.3M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	315.42	−0.016%	$371K	$384K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	315.40	−0.022%	$99K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0364%	8h	315.55	+0.024%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	318.67	+1.014%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0528%	1h	315.05	−0.134%	$786K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	317.30	+0.580%	$332K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	315.27	−0.063%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.21	−0.081%	$362	—	20x	as long as short
BingX TAO-USDT	+0.0796%	4h	315.23	−0.076%	—	$30.9M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0811%	1h	315.99	+0.166%	$22K	$1.5M	25x	as long as short
Bybit TAOUSDT	+0.0824%	4h	315.39	−0.025%	$66.3M	$138.0M	50x	as long as short
Variational Omni TAO	+0.0845%	4h	315.73	+0.081%	$5.5M	$8.9M	—	as long as short
Extended TAO-USD	+0.0920%	1h	315.11	−0.114%	$902K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0930%	1h	315.64	+0.054%	$319K	$810K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	316.30	+0.263%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	315.06	−0.129%	$450K	$631K	5x	as long as short
Hyperliquid TAO	+0.1335%	1h	315.95	+0.152%	$100.4M	$95.2M	5x	as long as short
Lighter TAO	+0.1432%	1h	316.03	+0.179%	$1.7M	$6.1M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−2.068%	$164K	$40K	10x	as long as short