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

TAO

all TAO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0371%/8h= −40.6% APRpaid last 24h −0.074%
Price spread now: HTX against Nado+0.005%7-day average −0.095% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$135as in the Price arb table
costs, in and out, $10k−$1451.453% of the position
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.114%−$11 on $10k
Price spread, last 4 days (all we have)−0.112%−$11 · spread now +0.005%, 7d avg −0.095%
Together, before fees−0.226%+ Points / potential airdropNado: Active · farm board−$23 on $10k · with fees, hour by hour
The price spread pays, funding is against you. HTX is 0.100% dearer against Nado than usual: you sell high and buy low (spread +0.005% now, against its 7-day average of −0.095%): +$10 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 4 days (−0.114% in total) that is about 3.1 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.114% in total (about -11.8% 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
LongNado TAO-PERP318.590.0471pay 0.0059% / 1h5m 41s$779K$2.0M10x
ShortHTX TAO-USDT318.610.0100get 0.0050% / 4h5m 41s$117K$592K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

HTX against Nado. 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
−$77.88
Price spread: +0.005% → −0.095%
$10.04
Slippage, 4 orders
−$126.3
Fee Nado: 3.5 bp × 2 orders
−$7
Fee HTX: 6 bp × 2 orders
−$12
Net
−$213.15
Costs to cover
1.453%
Break-even
never at this rate
Slippage from Nado: live order book, 3 min ago; HTX: live order book, 33 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 Nado live order book, 3 min ago1.10 bp8.1 bp −$822.6 bp −$226doesn't fitdoesn't fit
Sell HTX live order book, 33 min ago8.86 bp37.3 bp −$37doesn't fitdoesn'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
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h318.24−0.110%$22K150xas long as short
dYdX TAO-USD+0.0063%1h318.46−0.042%$128K$86K5xas long as short
Popdex TAOUSDT+0.0096%1h318.85+0.081%$49K$716K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h318.80+0.065%$26.5M$132.0M50xas long as short
Gate TAO_USDT+0.0100%4h318.50−0.029%$14.8M$52.4M50xas long as short
KuCoin TAOUSDTM+0.0100%4h318.68+0.027%$17.9M$32.5M75xas long as short
Bitget TAOUSDT+0.0100%4h318.58−0.004%$35.9M$58.1M50xas long as short
Polymarket Perps TAO-USD+0.0100%1h318.50−0.029%$87K$1.2M5xas long as short
SunX TAO-USDT+0.0100%4h318.38−0.067%$2K$2.0M20xas long as short
HTX TAO-USDTshort+0.0100%4h318.61+0.005%$117K$592K20x
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX TAO/USD [WBTC.b-USDC]L +0.0103% / S +0.0138%1h318.40−0.060%$411K100xas long as short
Katana Perps TAO-USD+0.0106%8h318.65+0.018%$652$1.2M5xas long as short
ApeX Omni TAOUSDT+0.0121%1h319.65+0.332%$46K$259K50xas long as short
Aevo TAO-PERP+0.0128%1h318.81+0.067%$175K$9983xas long as short
Orderly PERP_TAO_USDC+0.0180%4h318.57−0.007%$52K$295K10xas long as short
Binance TAOUSDT+0.0189%4h318.66+0.021%$93.2M$533.6M75xas long as short
MEXC TAO_USDT+0.0192%4h318.78+0.059%$104.3M$152.9M300xas long as short
edgeX TAOUSDC+0.0195%4h319.07+0.150%$42K$320K10xas long as short
Bulk TAO-USD+0.0217%1h317.92−0.210%$169K$010xas long as short
Paradex TAO-USD-PERP+0.0263%8h318.63+0.011%$14K$1K10xas long as short
BingX TAO-USDT+0.0278%4h318.83+0.075%$37.4Mas long as short
Bybit TAOUSDT+0.0282%4h318.88+0.090%$70.1M$157.3M50xas long as short
Bullet TAO-USD+0.0305%1h318.56−0.010%$12K$17K20xas long as short
Pacifica TAO+0.0313%1h318.69+0.030%$374K$465K10xas long as short
GRVT TAO_USDT_Perp+0.0318%4h319.67+0.337%$544K$896K10xas long as short
Aster TAOUSDT+0.0350%4h318.69+0.030%$1.3M$11.0M50xas long as short
Extended TAO-USD+0.0392%1h318.82+0.072%$906K$2.4M25xas long as short
BloFin TAO-USDT+0.0435%4h319.14+0.172%$4.7M$11.0M100xas long as short
Phemex TAOUSDT+0.0447%4h318.55−0.013%$3.2M$8.2M50xas long as short
Nado TAO-PERPlong+0.0471%1h318.59long leg$779K$2.0M10x
Arcus TAO-USD+0.0473%1h319.10+0.159%$100K$384K5xas long as short
Variational Omni TAO+0.0574%4h318.65+0.019%$5.6M$10.1Mas long as short
Deribit TAO_USDC-PERPETUAL+0.0601%1h318.62+0.008%$15K$1.9M25xas long as short
Phoenix TAO+0.0629%1h319.90+0.410%$322K$703K5xas long as short
Lighter TAO+0.0648%1h318.80+0.066%$1.6M$6.9M5xas long as short
01 Exchange TAOUSD+0.0688%1h318.95+0.112%$3K$4K5xas long as short
Hyperliquid TAO+0.0696%1h318.87+0.087%$94.4M$110.1M5xas long as short
Reya TAORUSDPERP+0.0698%1h318.55−0.012%$36620xas long as short
Backpack TAO_USDC_PERP+0.0713%1h318.82+0.071%$440K$981K10xas long as short
RISEx TAO/USDC+0.0831%1h318.77+0.057%$452K$662K5xas long as short
Kraken Futures PF_TAOUSD+0.0831%1h318.79+0.062%$6.0M$21.7M50xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h319.76+0.366%$1.3M$7.2M50xas long as short
Injective TAO/USDC PERP+0.4513%1h322.44+1.208%$23K$2K12xas long as short