Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against HTX+0.308%7-day average +0.142% · you sell dearer than you buy

Net, funding: paid 7d − costs−$520as in the Funding arb table

Net, price: spread back to 7d avg − costs−$510as in the Price arb table

costs, in and out, $10k−$5275.268% of the position

Long on HTX Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.068%+$7 on $10k

Price spread, last 4 days (all we have)−0.186%−$19 · spread now +0.308%, 7d avg +0.142%

Together, before fees−0.118%−$12 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aevo is 0.166% dearer against HTX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.142%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	309.98	0.0100	pay 0.0050% / 4h	3h 24m	$109K	$541K	20x
Short	Aevo TAO-PERP	310.93	0.0104	get 0.0013% / 1h	24m 31s	$171K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against HTX. 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 HTXbpFee AevobpOrdersPrice spread, now +0.308%Rate

Funding earned: $0.84
Price spread: +0.308% → +0.142%: $16.56
Slippage, 4 orders: −$498.84
Fee HTX: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$509.44
Costs to cover: 5.268%
Break-even: 4252.3 days

Slippage from HTX: live order book, 29 min ago; Aevo: live order book, 29 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 HTX live order book, 29 min ago	14.04 bp	111.5 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell Aevo live order book, 29 min ago	76.45 bp	226.3 bp −$226	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
Kraken Futures PF_TAOUSD	−0.0349%	1h	310.72	+0.239%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.57	+0.190%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0014%	1h	310.34	+0.117%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	310.82	+0.271%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	310.68	+0.226%	$636	$842K	5x	as long as short
Pacifica TAO	+0.0100%	1h	310.73	+0.241%	$354K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	310.81	+0.268%	$89.1M	$500.4M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	310.89	+0.294%	$66.9M	$150.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	310.80	+0.265%	$25.9M	$120.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.50	+0.168%	$13.2M	$50.1M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	310.78	+0.258%	$101.7M	$145.0M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	310.51	+0.171%	$17.6M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.40	+0.135%	$34.7M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	310.73	+0.242%	—	$33.4M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.00	+0.330%	$41K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.97	+0.641%	$530K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	310.75	+0.248%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	310.57	+0.190%	$79K	$900K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	310.90	+0.297%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	310.69	+0.229%	$1K	$1.9M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	309.98	long leg	$109K	$541K	20x
Aevo TAO-PERPshort	+0.0104%	1h	310.93	+0.308%	$171K	$998	3x
Aster TAOUSDT	+0.0108%	4h	310.79	+0.261%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0116%	4h	310.76	+0.252%	$51K	$291K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0138% / S +0.0134%	1h	310.55	+0.185%	$412K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0139%	8h	310.59	+0.198%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.08	+0.355%	$101K	$394K	5x	as long as short
Phemex TAOUSDT	+0.0240%	4h	310.80	+0.265%	$3.2M	$8.0M	50x	as long as short
Bulk TAO-USD	+0.0264%	1h	312.41	+0.784%	$166K	$333	10x	as long as short
Variational Omni TAO	+0.0294%	4h	311.14	+0.373%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0296%	1h	310.72	+0.240%	$909K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	310.95	+0.313%	$4.5M	$10.7M	100x	as long as short
Nado TAO-PERP	+0.0357%	1h	310.71	+0.235%	$785K	$2.2M	10x	as long as short
Phoenix TAO	+0.0457%	1h	312.60	+0.845%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0461%	1h	310.86	+0.284%	$91.4M	$107.6M	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	311.01	+0.332%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0492%	1h	310.85	+0.281%	$309K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0504%	1h	310.88	+0.289%	$16K	$1.8M	25x	as long as short
Lighter TAO	+0.0568%	1h	310.89	+0.295%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	310.62	+0.208%	$357	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	310.83	+0.273%	$442K	$655K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.60	+0.523%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+1.697%	$23K	$2K	12x	as long as short