Settings8H · net · $10k
Funding arb · Price arb /

TAO

all TAO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0415%/8h= +45.4% APRpaid last 24h +0.074%
Price spread now: Nado against HTX+0.135%7-day average +0.094% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$153as in the Price arb table
costs, in and out, $10k−$1571.570% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.108%+$11 on $10k
Price spread, last 4 days (all we have)−0.010%−$1 · spread now +0.135%, 7d avg +0.094%
Together, before fees+0.097%+ Points / potential airdropNado: Active · farm board+$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and Nado is 0.041% dearer against HTX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.094%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.108% in total (about 11.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX TAO-USDT320.850.0100pay 0.0050% / 4h1h 14m$117K$598K20x
ShortNado TAO-PERP321.280.0515get 0.0064% / 1h14m 40s$799K$2.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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

Funding earned
$87.05
Price spread: +0.135% → +0.094%
$4.08
Slippage, 4 orders
−$137.99
Fee HTX: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$65.86
Costs to cover
1.570%
Break-even
12.3 days
Slippage from HTX: live order book, 29 min ago; Nado: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 29 min ago11.74 bp90.8 bp −$91doesn't fitdoesn't fitdoesn't fit
Sell Nado live order book, 4 min ago0.93 bp7.9 bp −$818.5 bp −$185doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.2264%1h322.24+0.434%$171K$33310xas long as short
dYdX TAO-USD0.0000%1h320.84−0.004%$128K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h320.81−0.014%$22K150xas long as short
Popdex TAOUSDT+0.0096%1h321.17+0.100%$44K$704K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h321.00+0.047%$26.9M$130.3M50xas long as short
Gate TAO_USDT+0.0100%4h320.70−0.047%$14.4M$52.3M50xas long as short
KuCoin TAOUSDTM+0.0100%4h320.70−0.047%$18.0M$32.1M75xas long as short
Bitget TAOUSDT+0.0100%4h320.72−0.041%$36.0M$58.0M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h320.89+0.012%$45K$258K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h321.14+0.090%$85K$1.2M5xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDT+0.0100%4h320.87+0.006%$2K$2.0M20xas long as short
HTX TAO-USDTlong+0.0100%4h320.85long leg$117K$598K20x
Katana Perps TAO-USD+0.0108%8h320.94+0.028%$1K$1.1M5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0115% / S +0.0154%1h320.71−0.043%$423K100xas long as short
Aevo TAO-PERP+0.0128%1h321.05+0.063%$176K$9983xas long as short
Orderly PERP_TAO_USDC+0.0128%4h320.96+0.034%$53K$293K10xas long as short
Binance TAOUSDT+0.0196%4h320.89+0.014%$93.1M$527.9M75xas long as short
MEXC TAO_USDT+0.0196%4h320.97+0.037%$107.3M$151.1M300xas long as short
edgeX TAOUSDC+0.0206%4h320.99+0.043%$42K$319K10xas long as short
Paradex TAO-USD-PERP+0.0265%8h320.80−0.016%$15K$1K10xas long as short
Bybit TAOUSDT+0.0295%4h321.04+0.059%$70.5M$156.0M50xas long as short
BingX TAO-USDT+0.0316%4h321.01+0.050%$35.0Mas long as short
Phemex TAOUSDT+0.0331%4h321.00+0.047%$3.3M$8.1M50xas long as short
Bullet TAO-USD+0.0344%1h321.07+0.067%$12K$17K20xas long as short
Aster TAOUSDT+0.0363%4h320.79−0.019%$1.3M$10.9M50xas long as short
Extended TAO-USD+0.0400%1h320.80−0.016%$913K$2.4M25xas long as short
GRVT TAO_USDT_Perp+0.0418%4h321.37+0.161%$545K$937K10xas long as short
BloFin TAO-USDT+0.0437%4h321.30+0.140%$4.7M$11.1M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0475%1h321.11+0.082%$15K$2.0M25xas long as short
Nado TAO-PERPshort+0.0515%1h321.28+0.135%$799K$2.0M10x
Variational Omni TAO+0.0519%4h320.56−0.091%$5.7M$10.2Mas long as short
Pacifica TAO+0.0525%1h320.83−0.007%$366K$428K10xas long as short
Phoenix TAO+0.0567%1h322.20+0.421%$321K$709K5xas long as short
Hyperliquid TAO+0.0641%1h320.98+0.041%$95.0M$110.0M5xas long as short
Arcus TAO-USD+0.0641%1h321.11+0.081%$104K$389K5xas long as short
01 Exchange TAOUSD+0.0648%1h321.26+0.128%$3K$4K5xas long as short
Lighter TAO+0.0688%1h320.88+0.008%$1.6M$6.8M5xas long as short
Reya TAORUSDPERP+0.0698%1h321.05+0.063%$36920xas long as short
Backpack TAO_USDC_PERP+0.0714%1h321.19+0.106%$299K$905K10xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h321.77+0.287%$1.5M$6.9M50xas long as short
RISEx TAO/USDC+0.1077%1h320.90+0.016%$444K$674K5xas long as short
Kraken Futures PF_TAOUSD+0.1149%1h321.21+0.112%$6.0M$21.7M50xas long as short
Injective TAO/USDC PERP+0.4723%1h325.94+1.586%$24K$2K12xas long as short