Funding you earn now, next payment 07:00 UTC−0.0500%/8h= −54.7% APRpaid last 24h −0.084%
Price spread now: HTX against Backpack−0.100%7-day average −0.153% · you buy dearer than you sell
Net, funding: paid 7d − costs−$287as in the Funding arb table
Net, price: spread back to 7d avg − costs−$265as in the Price arb table
costs, in and out, $10k−$2702.700% of the position
Funding, last 7 days−0.166%−$17 on $10k
+Price spread, last 4 days (all we have)−0.153%−$15 · spread now −0.100%, 7d avg −0.153%
=The price spread pays, funding is against you. HTX is 0.053% dearer against Backpack than usual: you sell high and buy low (spread −0.100% now, against its 7-day average of −0.153%): +$5 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−0.166% in total) that is about 2.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.166% in total (about -8.6% 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 | Backpack TAO_USDC_PERP | 319.26 | 0.0600 | pay 0.0075% / 1h | 45m 49s | $300K | $908K | 10x |
| Short | HTX TAO-USDT | 318.94 | 0.0100 | get 0.0050% / 4h | 1h 45m | $117K | $587K | 20x |
Backpack TAO_USDC_PERP
HTX TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
HTX against Backpack. 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
- −$104.93
- Price spread: −0.100% → −0.153%
- $5.27
- Slippage, 4 orders
- −$248
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee HTX: 6 bp × 2 orders
- −$12
- Net
- −$369.66
- Costs to cover
- 2.700%
- Break-even
- never at this rate
Slippage from Backpack: live order book, 63 min ago; HTX: live order book, 63 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 Backpack live order book, 63 min ago | 0.32 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell HTX live order book, 63 min ago | 7.03 bp | 146.1 bp −$146 | 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 | −0.2101% | 1h | 320.87 | +0.504% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 319.14 | −0.037% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 318.94 | −0.101% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.47 | +0.066% | $41K | $695K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.40 | +0.044% | $26.5M | $128.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.00 | −0.081% | $14.1M | $51.5M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.21 | −0.016% | $17.4M | $31.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.11 | −0.047% | $35.9M | $58.3M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 320.69 | +0.448% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.17 | −0.028% | $76K | $1.1M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 318.97 | −0.091% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDTshort | +0.0100% | 4h | 318.94 | −0.100% | $117K | $587K | 20x | |
| Phemex TAOUSDT | +0.0100% | 4h | 319.30 | +0.013% | $3.2M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 319.37 | +0.034% | $1K | $992K | 5x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 319.35 | +0.029% | $175K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 319.20 | −0.019% | $53K | $293K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0122% / S +0.0156% | 1h | 318.88 | −0.119% | $431K | — | 100x | as long as short |
| edgeX TAOUSDC | +0.0148% | 4h | 320.71 | +0.455% | $42K | $317K | 10x | as long as short |
| MEXC TAO_USDT | +0.0152% | 4h | 319.53 | +0.085% | $104.9M | $149.5M | 300x | as long as short |
| Binance TAOUSDT | +0.0152% | 4h | 319.41 | +0.048% | $92.6M | $526.6M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0261% | 8h | 319.63 | +0.116% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0307% | 4h | 319.33 | +0.021% | $1.3M | $10.9M | 50x | as long as short |
| Bullet TAO-USD | +0.0378% | 1h | 319.33 | +0.022% | $12K | $17K | 20x | as long as short |
| BingX TAO-USDT | +0.0386% | 4h | 319.41 | +0.047% | — | $34.4M | — | as long as short |
| BloFin TAO-USDT | +0.0392% | 4h | 319.76 | +0.157% | $4.7M | $11.1M | 100x | as long as short |
| Bybit TAOUSDT | +0.0400% | 4h | 319.43 | +0.053% | $69.7M | $155.7M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0424% | 4h | 322.11 | +0.892% | $548K | $948K | 10x | as long as short |
| Extended TAO-USD | +0.0488% | 1h | 319.36 | +0.030% | $917K | $2.4M | 25x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0522% | 1h | 319.15 | −0.034% | $14K | $1.9M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 319.63 | +0.116% | $364K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0536% | 4h | 321.98 | +0.851% | $5.6M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 321.70 | +0.764% | $320K | $709K | 5x | as long as short |
| Backpack TAO_USDC_PERPlong | +0.0600% | 1h | 319.26 | long leg | $300K | $908K | 10x | |
| Arcus TAO-USD | +0.0641% | 1h | 320.14 | +0.276% | $103K | $394K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0648% | 1h | 319.58 | +0.100% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0649% | 1h | 319.49 | +0.072% | $94.4M | $110.1M | 5x | as long as short |
| Nado TAO-PERP | +0.0651% | 1h | 319.36 | +0.032% | $798K | $2.2M | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.34 | +0.024% | $367 | — | 20x | as long as short |
| Lighter TAO | +0.0840% | 1h | 319.52 | +0.081% | $1.5M | $6.6M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 319.75 | +0.153% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 319.45 | +0.061% | $460K | $665K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1156% | 1h | 319.37 | +0.035% | $6.0M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 328.25 | +2.816% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Aster TAOUSDT
Bullet TAO-USD
BingX TAO-USDT
BloFin TAO-USDT
Bybit TAOUSDT
GRVT TAO_USDT_Perp
Extended TAO-USD
Deribit TAO_USDC-PERPETUAL
Pacifica TAO
Variational Omni TAO
Phoenix TAO
Arcus TAO-USD
01 Exchange TAOUSD
Hyperliquid TAO
Nado TAO-PERP
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP