Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.002%

Price spread now: HTX against Aevo−0.064%7-day average −0.144% · you buy dearer than you sell

Net, funding: paid 7d − costs−$307as in the Funding arb table

Net, price: spread back to 7d avg − costs−$292as in the Price arb table

costs, in and out, $10k−$3002.997% of the position

Long on Aevo Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now −0.064%, 7d avg −0.144%

Together, before fees−0.178%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. HTX is 0.080% dearer against Aevo than usual: you sell high and buy low (spread −0.064% now, against its 7-day average of −0.144%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	318.66	0.0120	pay 0.0015% / 1h	50m 26s	$175K	$998	3x
Short	HTX TAO-USDT	318.46	0.0100	get 0.0050% / 4h	50m 26s	$116K	$604K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aevo. 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 AevobpFee HTXbpOrdersPrice spread, now −0.064%Rate

Funding earned: −$4.2
Price spread: −0.064% → −0.144%: $7.97
Slippage, 4 orders: −$271.75
Fee Aevo: 8 bp × 2 orders: −$16
Fee HTX: 6 bp × 2 orders: −$12
Net: −$295.98
Costs to cover: 2.997%
Break-even: never at this rate

Slippage from Aevo: live order book, 53 min ago; HTX: live order book, 53 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 Aevo live order book, 53 min ago	56.19 bp	79.8 bp −$80	423.7 bp −$4,237	doesn't fit	doesn't fit
Sell HTX live order book, 53 min ago	11.74 bp	51.9 bp −$52	doesn't fit	doesn't fit	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	318.40	−0.083%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0067%	1h	318.50	−0.052%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.97	+0.096%	$44K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.80	+0.042%	$26.5M	$130.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.60	−0.020%	$14.4M	$50.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.88	+0.067%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.66	−0.002%	$35.8M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.66	−0.315%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.82	+0.049%	$85K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.46	−0.064%	$2K	$2.0M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDTshort	+0.0100%	4h	318.46	−0.064%	$116K	$604K	20x
Katana Perps TAO-USD	+0.0107%	8h	318.85	+0.058%	$2K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0110% / S +0.0157%	1h	318.23	−0.136%	$424K	—	100x	as long as short
Aevo TAO-PERPlong	+0.0120%	1h	318.66	long leg	$175K	$998	3x
Orderly PERP_TAO_USDC	+0.0139%	4h	318.50	−0.052%	$53K	$293K	10x	as long as short
edgeX TAOUSDC	+0.0161%	4h	317.66	−0.316%	$42K	$318K	10x	as long as short
MEXC TAO_USDT	+0.0166%	4h	318.96	+0.093%	$108.0M	$150.5M	300x	as long as short
Binance TAOUSDT	+0.0173%	4h	318.92	+0.079%	$92.6M	$529.4M	75x	as long as short
Paradex TAO-USD-PERP	+0.0238%	8h	318.99	+0.102%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0248%	4h	318.94	+0.086%	—	$37.1M	—	as long as short
Bybit TAOUSDT	+0.0259%	4h	319.08	+0.130%	$69.9M	$156.2M	50x	as long as short
Pacifica TAO	+0.0313%	1h	318.67	+0.003%	$362K	$427K	10x	as long as short
Bulk TAO-USD	+0.0314%	1h	317.73	−0.293%	$169K	$333	10x	as long as short
GRVT TAO_USDT_Perp	+0.0316%	4h	317.65	−0.318%	$542K	$926K	10x	as long as short
Aster TAOUSDT	+0.0334%	4h	318.96	+0.093%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0336%	1h	318.83	+0.052%	$908K	$2.4M	25x	as long as short
Bullet TAO-USD	+0.0345%	1h	319.05	+0.121%	$12K	$17K	20x	as long as short
Lighter TAO	+0.0360%	1h	318.80	+0.043%	$1.6M	$6.9M	5x	as long as short
BloFin TAO-USDT	+0.0408%	4h	319.00	+0.105%	$4.7M	$11.0M	100x	as long as short
Nado TAO-PERP	+0.0419%	1h	319.00	+0.105%	$790K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	319.15	+0.152%	$103K	$389K	5x	as long as short
Variational Omni TAO	+0.0505%	4h	318.69	+0.009%	$5.6M	$10.3M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0513%	1h	318.56	−0.033%	$15K	$2.0M	25x	as long as short
Phemex TAOUSDT	+0.0540%	4h	318.32	−0.108%	$3.2M	$8.2M	50x	as long as short
Phoenix TAO	+0.0629%	1h	318.20	−0.146%	$317K	$703K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.90	+0.073%	$367	—	20x	as long as short
01 Exchange TAOUSD	+0.0728%	1h	319.38	+0.224%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0753%	1h	318.58	−0.027%	$297K	$905K	10x	as long as short
Hyperliquid TAO	+0.0764%	1h	319.18	+0.162%	$94.4M	$110.0M	5x	as long as short
RISEx TAO/USDC	+0.0831%	1h	318.90	+0.073%	$444K	$680K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0832%	1h	318.62	−0.014%	$6.0M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.76	+0.344%	$1.6M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	320.67	+0.629%	$23K	$2K	12x	as long as short