Funding you earn now, next payment 10:00 UTC−0.0264%/8h= −28.9% APRpaid last 24h −0.031%
Price spread now: HTX against Arcus−0.375%7-day average −0.180% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$155as in the Price arb table
costs, in and out, $10k−$1351.355% of the position
Funding, last 4 days (all we have)−0.061%−$6 on $10k
+Price spread, last 4 days (all we have)+0.311%+$31 · spread now −0.375%, 7d avg −0.180%
=Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and HTX is 0.195% cheaper against Arcus than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.180%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.061% in total (about -5.9% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus TAO-USD | 322.64 | 0.0364 | pay 0.0045% / 1h | 57m 32s | $102K | $329K | 5x |
| Short | HTX TAO-USDT | 321.43 | 0.0100 | get 0.0050% / 4h | 2h 57m | $116K | $554K | 20x |
Arcus TAO-USD
HTX TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Arcus. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$55.43
- Price spread: −0.375% → −0.180%
- −$19.49
- Slippage, 4 orders
- −$118.98
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$210.39
- Costs to cover
- 1.355%
- Break-even
- never at this rate
Slippage from Arcus: live order book, 36 min ago; HTX: live order book, 36 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 Arcus live order book, 36 min ago | 6.99 bp | 13.1 bp −$13 | 24.3 bp −$243 | doesn't fit | doesn't fit |
| Sell HTX live order book, 36 min ago | 16.57 bp | 22.8 bp −$23 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.0985% | 1h | 321.65 | −0.307% | $171K | $0 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 324.21 | +0.486% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 323.08 | +0.136% | $52K | $703K | 20x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 323.18 | +0.167% | $71.1M | $155.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 323.00 | +0.112% | $26.9M | $131.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 321.60 | −0.322% | $15.4M | $47.9M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 321.99 | −0.201% | $17.5M | $32.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 322.65 | +0.003% | $36.4M | $56.7M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 322.94 | +0.093% | $89K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 321.93 | −0.220% | $2K | $1.9M | 20x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDTshort | +0.0100% | 4h | 321.43 | −0.375% | $116K | $554K | 20x | |
| Phemex TAOUSDT | +0.0100% | 4h | 321.84 | −0.248% | $3.2M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0115% | 8h | 322.55 | −0.028% | $1K | $1.2M | 5x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 322.32 | −0.098% | $177K | $998 | 3x | as long as short |
| Binance TAOUSDT | +0.0156% | 4h | 322.95 | +0.097% | $95.1M | $519.9M | 75x | as long as short |
| BingX TAO-USDT | +0.0158% | 4h | 322.10 | −0.167% | — | $39.0M | — | as long as short |
| edgeX TAOUSDC | +0.0158% | 4h | 323.48 | +0.260% | $43K | $321K | 10x | as long as short |
| MEXC TAO_USDT | +0.0160% | 4h | 322.17 | −0.146% | $106.6M | $149.0M | 300x | as long as short |
| Paradex TAO-USD-PERP | +0.0224% | 8h | 322.20 | −0.136% | $15K | $876 | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0246% | 4h | 322.17 | −0.146% | $54K | $273K | 10x | as long as short |
| Extended TAO-USD | +0.0288% | 1h | 322.02 | −0.191% | $973K | $2.2M | 25x | as long as short |
| Pacifica TAO | +0.0301% | 1h | 322.20 | −0.137% | $375K | $439K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0304% | 4h | 323.87 | +0.380% | $550K | $826K | 10x | as long as short |
| Aster TAOUSDT | +0.0320% | 4h | 322.64 | +0.001% | $1.3M | $11.2M | 50x | as long as short |
| Arcus TAO-USDlong | +0.0364% | 1h | 322.64 | long leg | $102K | $329K | 5x | |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0369% / S −0.0109% | 1h | 323.08 | +0.136% | $383K | — | 100x | as long as short |
| ApeX Omni TAOUSDT | +0.0392% | 1h | 323.88 | +0.384% | $46K | $256K | 50x | as long as short |
| BloFin TAO-USDT | +0.0398% | 4h | 323.12 | +0.149% | $4.8M | $11.0M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0482% | 1h | 322.18 | −0.142% | $20K | $1.9M | 25x | as long as short |
| Nado TAO-PERP | +0.0515% | 1h | 322.94 | +0.095% | $740K | $2.0M | 10x | as long as short |
| Variational Omni TAO | +0.0522% | 4h | 323.77 | +0.349% | $5.7M | $9.8M | — | as long as short |
| Bullet TAO-USD | +0.0524% | 1h | 322.42 | −0.068% | $12K | $17K | 20x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 323.80 | +0.360% | $326K | $712K | 5x | as long as short |
| Lighter TAO | +0.0648% | 1h | 322.22 | −0.131% | $1.6M | $6.6M | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0674% | 1h | 322.21 | −0.133% | $6.3M | $21.0M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0680% | 1h | 322.04 | −0.186% | $300K | $1.1M | 10x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 322.85 | +0.066% | $371 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0701% | 1h | 322.33 | −0.095% | $445K | $714K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0776% | 1h | 322.79 | +0.046% | $3K | $4K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0832% | 1h | 322.61 | −0.009% | $1.1M | $7.5M | 50x | as long as short |
| dYdX TAO-USD | +0.1078% | 1h | 321.77 | −0.270% | $271K | $232K | 5x | as long as short |
| Hyperliquid TAO | +0.1190% | 1h | 322.44 | −0.062% | $97.4M | $110.0M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3320% | 1h | 327.96 | +1.649% | $24K | $2K | 12x | as long as short |
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
Binance TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
MEXC TAO_USDT
Paradex TAO-USD-PERP
Orderly PERP_TAO_USDC
Extended TAO-USD
Pacifica TAO
GRVT TAO_USDT_Perp
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
ApeX Omni TAOUSDT
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
Nado TAO-PERP
Variational Omni TAO
Bullet TAO-USD
Phoenix TAO
Lighter TAO
Kraken Futures PF_TAOUSD
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
RISEx TAO/USDC
01 Exchange TAOUSD
Coinbase International TAO-PERP-INTX
dYdX TAO-USD
Hyperliquid TAO
Injective TAO/USDC PERP