Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.088%

Price spread now: HTX against 01 Exchange−0.324%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on HTX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 0.324% cheaper against 01 Exchange than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	314.93	0.0344	pay 0.0043% / 1h	5m 53s	$3K	$4K	5x
Short	HTX TAO-USDT	313.91	0.0100	get 0.0050% / 4h	5m 53s	$109K	$535K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against 01 Exchange. 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 01 ExchangebpFee HTXbpOrdersPrice spread, now −0.324%Rate

Funding earned: −$51.24
Price spread: −0.324% → 0.000%: −$32.39
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$102.63
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; HTX: live order book, 53 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell HTX live order book, 53 min ago	13.02 bp	93.1 bp −$93	doesn't fit	doesn't fit	doesn't fit

01 Exchange: 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 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	314.09	−0.266%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.25	−0.214%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0057%	1h	314.39	−0.171%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.48	−0.143%	$43K	$669K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.48	−0.143%	$1K	$800K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.36	−0.181%	$90.8M	$495.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.40	−0.168%	$67.8M	$149.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.40	−0.168%	$26.0M	$120.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.10	−0.264%	$12.9M	$50.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.29	−0.203%	$99.8M	$144.3M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	314.23	−0.222%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.01	−0.292%	$35.1M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.36	−0.181%	—	$32.8M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.88	−0.017%	$42K	$311K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.41	−0.166%	$520K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.05	+0.038%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.34	−0.187%	$77K	$861K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.54	−0.123%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.04	−0.283%	$1K	$1.9M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	313.91	−0.324%	$109K	$535K	20x
Phemex TAOUSDT	+0.0100%	4h	314.45	−0.152%	$3.2M	$8.1M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	314.68	−0.079%	$167K	$2K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.60	−0.106%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	314.50	−0.137%	$52K	$271K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0144% / S +0.0123%	1h	314.30	−0.200%	$427K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0152%	8h	314.17	−0.240%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0164%	4h	314.47	−0.146%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0200%	1h	314.33	−0.189%	$923K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0221%	1h	314.65	−0.090%	$800K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0282%	1h	314.64	−0.092%	$92.5M	$106.5M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.86	−0.022%	$4.6M	$10.9M	100x	as long as short
01 Exchange TAOUSDlong	+0.0344%	1h	314.93	long leg	$3K	$4K	5x
Arcus TAO-USD	+0.0345%	1h	314.83	−0.032%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0353%	1h	314.60	−0.105%	$315K	$912K	10x	as long as short
Pacifica TAO	+0.0365%	1h	314.15	−0.247%	$358K	$412K	10x	as long as short
Lighter TAO	+0.0376%	1h	314.70	−0.074%	$1.5M	$6.5M	5x	as long as short
Variational Omni TAO	+0.0413%	4h	314.58	−0.110%	$5.7M	$9.9M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0470%	1h	314.52	−0.131%	$22K	$1.7M	25x	as long as short
Phoenix TAO	+0.0581%	1h	314.90	−0.010%	$313K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.46	−0.151%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	314.55	−0.122%	$437K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.10	+0.054%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.19	+1.035%	$23K	$2K	12x	as long as short