Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: HTX against gTrade (Gains Network)+0.006%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) TAO/USD	313.59	L +0.0004% / S −0.0003%	pay 0.0000% / 1h	53m 46s	$19K	—	150x
Short	HTX TAO-USDT	313.61	0.0100	get 0.0050% / 4h	53m 46s	$114K	$551K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee HTXbpOrdersPrice spread, now +0.006%Rate

Funding earned: $20.21
Price spread: +0.006% → 0.000%: $0.64
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$1.15
Costs to cover: 0.220%
Break-even: 7.4 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell HTX live order book, 53 min ago	16.81 bp	35.3 bp −$35	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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 exchanges

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/USDlong	L +0.0004% / S −0.0003%	1h	313.59	long leg	$19K	—	150x
OKX TAO-USDT-SWAP	+0.0100%	8h	313.20	−0.124%	$26.8M	$125.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.20	−0.124%	$16.1M	$46.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.63	+0.013%	$17.3M	$30.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.11	−0.153%	$35.5M	$54.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.91	+0.102%	$45K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.69	+0.032%	$68K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.44	−0.048%	$1K	$1.7M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	313.61	+0.006%	$114K	$551K	20x
Katana Perps TAO-USD	+0.0102%	8h	313.77	+0.057%	$1K	$1.3M	5x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended TAO-USD	+0.0104%	1h	313.38	−0.066%	$937K	$2.1M	25x	as long as short
Aevo TAO-PERP	+0.0120%	1h	314.03	+0.140%	$172K	$998	3x	as long as short
Popdex TAOUSDT	+0.0128%	1h	313.88	+0.092%	$54K	$632K	20x	as long as short
edgeX TAOUSDC	+0.0169%	4h	313.98	+0.123%	$41K	$324K	10x	as long as short
MEXC TAO_USDT	+0.0170%	4h	313.50	−0.029%	$111.5M	$146.2M	300x	as long as short
Binance TAOUSDT	+0.0172%	4h	313.44	−0.048%	$93.1M	$505.8M	75x	as long as short
dYdX TAO-USD	+0.0214%	1h	313.32	−0.088%	$264K	$230K	5x	as long as short
Pacifica TAO	+0.0223%	1h	313.77	+0.056%	$371K	$445K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0280%	4h	314.03	+0.140%	$534K	$786K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0280%	4h	313.86	+0.086%	$52K	$262K	10x	as long as short
Paradex TAO-USD-PERP	+0.0308%	8h	313.76	+0.055%	$14K	$769	10x	as long as short
Aster TAOUSDT	+0.0348%	4h	313.46	−0.041%	$1.2M	$11.4M	50x	as long as short
BingX TAO-USDT	+0.0360%	4h	313.44	−0.048%	—	$37.9M	—	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0368% / S −0.0112%	1h	313.53	−0.019%	$375K	—	100x	as long as short
Bybit TAOUSDT	+0.0372%	4h	313.42	−0.054%	$69.5M	$154.1M	50x	as long as short
Bullet TAO-USD	+0.0388%	1h	313.97	+0.122%	$12K	$16K	20x	as long as short
BloFin TAO-USDT	+0.0410%	4h	313.91	+0.102%	$4.9M	$10.4M	100x	as long as short
Phemex TAOUSDT	+0.0420%	4h	314.05	+0.147%	$3.1M	$8.3M	50x	as long as short
Nado TAO-PERP	+0.0502%	1h	313.64	+0.015%	$667K	$2.0M	10x	as long as short
Lighter TAO	+0.0520%	1h	313.40	−0.061%	$1.6M	$6.7M	5x	as long as short
Arcus TAO-USD	+0.0587%	1h	314.28	+0.220%	$99K	$284K	5x	as long as short
Variational Omni TAO	+0.0597%	4h	314.17	+0.186%	$5.8M	$9.7M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0634%	1h	313.89	+0.096%	$27K	$1.9M	25x	as long as short
Phoenix TAO	+0.0650%	1h	314.40	+0.258%	$316K	$701K	5x	as long as short
Hyperliquid TAO	+0.0682%	1h	313.49	−0.032%	$93.8M	$105.0M	5x	as long as short
RISEx TAO/USDC	+0.0694%	1h	313.71	+0.040%	$438K	$657K	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	313.80	+0.068%	$361	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0728%	1h	314.45	+0.274%	$1.1M	$7.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0860%	1h	314.01	+0.135%	$6.3M	$19.5M	50x	as long as short
01 Exchange TAOUSD	+0.0904%	1h	314.30	+0.226%	$3K	$2K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0990%	1h	313.91	+0.102%	$295K	$1.1M	10x	as long as short
Bulk TAO-USD	+0.1436%	1h	313.89	+0.096%	$166K	$662	10x	as long as short
Injective TAO/USDC PERP	+0.4136%	1h	318.16	+1.457%	$23K	$2K	12x	as long as short