Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: OKX against HTX+0.163%7-day average +0.082% · you sell dearer than you buy

Net, funding: paid 7d − costs−$146as in the Funding arb table

Net, price: spread back to 7d avg − costs−$139as in the Price arb table

costs, in and out, $10k−$1471.474% of the position

Long on HTX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.015%−$2 · spread now +0.163%, 7d avg +0.082%

Together, before fees−0.003%$0 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: OKX is 0.082% dearer against HTX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.082%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	318.18	0.0100	pay 0.0050% / 4h	5m 14s	$117K	$592K	20x
Short	OKX TAO-USDT-SWAP	318.70	0.0100	get 0.0100% / 8h	5m 14s	$26.5M	$132.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.163%Rate

Funding earned: $0
Price spread: +0.163% → +0.082%: $8.19
Slippage, 4 orders: −$125.42
Fee HTX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$139.23
Costs to cover: 1.474%
Break-even: never at this rate

Slippage from HTX: live order book, 33 min ago; OKX: live order book, 4 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, 33 min ago	8.86 bp	93.4 bp −$93	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	1.57 bp	7.0 bp −$7	15.9 bp −$159	56.3 bp −$5,626	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	318.46	+0.088%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0063%	1h	318.46	+0.088%	$128K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.85	+0.211%	$49K	$716K	20x	as long as short
OKX TAO-USDT-SWAPshort	+0.0100%	8h	318.70	+0.163%	$26.5M	$132.0M	50x
Gate TAO_USDT	+0.0100%	4h	318.50	+0.101%	$14.8M	$52.4M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.69	+0.160%	$17.9M	$32.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.57	+0.123%	$35.9M	$58.1M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.70	+0.163%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.56	+0.119%	$2K	$2.0M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	318.18	long leg	$117K	$592K	20x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX TAO/USD [WBTC.b-USDC]	L +0.0103% / S +0.0138%	1h	318.49	+0.099%	$411K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	318.65	+0.148%	$652	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.90	+0.225%	$175K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0138%	1h	318.99	+0.255%	$46K	$259K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0181%	4h	318.74	+0.176%	$52K	$295K	10x	as long as short
Binance TAOUSDT	+0.0189%	4h	318.86	+0.214%	$93.3M	$533.4M	75x	as long as short
MEXC TAO_USDT	+0.0192%	4h	318.80	+0.195%	$104.3M	$152.9M	300x	as long as short
edgeX TAOUSDC	+0.0195%	4h	319.07	+0.280%	$42K	$320K	10x	as long as short
Bulk TAO-USD	+0.0217%	1h	317.92	−0.080%	$169K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0263%	8h	318.63	+0.141%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0278%	4h	318.76	+0.182%	—	$37.4M	—	as long as short
Bybit TAOUSDT	+0.0282%	4h	318.89	+0.223%	$70.1M	$157.2M	50x	as long as short
Bullet TAO-USD	+0.0305%	1h	318.80	+0.195%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0313%	1h	318.69	+0.160%	$374K	$465K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0314%	4h	318.68	+0.156%	$542K	$896K	10x	as long as short
Aster TAOUSDT	+0.0350%	4h	318.69	+0.160%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0384%	1h	318.74	+0.176%	$906K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0429%	4h	318.88	+0.220%	$4.7M	$11.0M	100x	as long as short
Phemex TAOUSDT	+0.0435%	4h	318.62	+0.138%	$3.2M	$8.2M	50x	as long as short
Nado TAO-PERP	+0.0472%	1h	318.75	+0.180%	$777K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	319.10	+0.289%	$100K	$384K	5x	as long as short
Variational Omni TAO	+0.0574%	4h	318.65	+0.148%	$5.6M	$10.1M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0599%	1h	318.74	+0.176%	$15K	$1.9M	25x	as long as short
Phoenix TAO	+0.0629%	1h	319.30	+0.352%	$321K	$703K	5x	as long as short
Lighter TAO	+0.0648%	1h	319.05	+0.274%	$1.6M	$6.9M	5x	as long as short
01 Exchange TAOUSD	+0.0688%	1h	318.95	+0.242%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0695%	1h	318.95	+0.242%	$94.4M	$110.2M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.71	+0.168%	$367	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0713%	1h	318.82	+0.201%	$440K	$981K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0831%	1h	318.96	+0.246%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	318.77	+0.187%	$452K	$662K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.76	+0.497%	$1.3M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.44	+1.339%	$23K	$2K	12x	as long as short