Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: ApeX Omni against HTX+0.342%7-day average +0.114% · you sell dearer than you buy

Net, funding: paid 7d − costs−$158as in the Funding arb table

Net, price: spread back to 7d avg − costs−$143as in the Price arb table

costs, in and out, $10k−$1661.660% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 4 days (all we have)−0.302%−$30 · spread now +0.342%, 7d avg +0.114%

Together, before fees−0.222%−$22 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: ApeX Omni is 0.228% dearer against HTX than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of +0.114%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	318.75	0.0100	pay 0.0050% / 4h	1h 27m	$118K	$590K	20x
Short	ApeX Omni TAOUSDT	319.84	0.0100	get 0.0013% / 1h	27m 16s	$45K	$259K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.342%Rate

Funding earned: $0
Price spread: +0.342% → +0.114%: $22.79
Slippage, 4 orders: −$143.99
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$143.2
Costs to cover: 1.660%
Break-even: never at this rate

Slippage from HTX: live order book, 16 min ago; ApeX Omni: live order book, 14 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, 16 min ago	11.74 bp	90.8 bp −$91	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 14 min ago	4.38 bp	11.9 bp −$12	115.4 bp −$1,154	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	−0.1995%	1h	319.47	+0.226%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.13	+0.120%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.02	+0.084%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.62	+0.587%	$43K	$705K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	321.10	+0.737%	$26.7M	$130.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.70	+0.612%	$14.3M	$52.0M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	321.09	+0.734%	$18.0M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	321.01	+0.709%	$36.1M	$58.4M	50x	as long as short
ApeX Omni TAOUSDTshort	+0.0100%	1h	319.84	+0.342%	$45K	$259K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	320.89	+0.671%	$89K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	321.03	+0.715%	$2K	$2.0M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	318.75	long leg	$118K	$590K	20x
Katana Perps TAO-USD	+0.0109%	8h	320.26	+0.474%	$1K	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0118% / S +0.0149%	1h	318.95	+0.063%	$426K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	321.15	+0.752%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0125%	4h	321.22	+0.775%	$53K	$292K	10x	as long as short
MEXC TAO_USDT	+0.0170%	4h	321.24	+0.781%	$106.2M	$150.2M	300x	as long as short
edgeX TAOUSDC	+0.0170%	4h	319.71	+0.301%	$42K	$316K	10x	as long as short
Binance TAOUSDT	+0.0171%	4h	321.32	+0.806%	$93.0M	$529.1M	75x	as long as short
Paradex TAO-USD-PERP	+0.0270%	8h	319.64	+0.281%	$15K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0295%	4h	319.54	+0.248%	$3.3M	$8.1M	50x	as long as short
BingX TAO-USDT	+0.0324%	4h	321.08	+0.731%	—	$34.5M	—	as long as short
Aster TAOUSDT	+0.0335%	4h	320.99	+0.704%	$1.3M	$10.9M	50x	as long as short
Bybit TAOUSDT	+0.0342%	4h	321.41	+0.835%	$70.4M	$156.2M	50x	as long as short
Bullet TAO-USD	+0.0395%	1h	321.24	+0.781%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0396%	4h	319.57	+0.258%	$544K	$940K	10x	as long as short
BloFin TAO-USDT	+0.0410%	4h	319.36	+0.191%	$4.7M	$11.1M	100x	as long as short
Extended TAO-USD	+0.0464%	1h	321.17	+0.758%	$913K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	319.78	+0.323%	$364K	$423K	10x	as long as short
Variational Omni TAO	+0.0541%	4h	320.05	+0.408%	$5.7M	$10.2M	—	as long as short
Nado TAO-PERP	+0.0548%	1h	320.88	+0.669%	$801K	$2.0M	10x	as long as short
Phoenix TAO	+0.0567%	1h	319.40	+0.204%	$318K	$709K	5x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	320.60	+0.580%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.14	+0.436%	$103K	$389K	5x	as long as short
Hyperliquid TAO	+0.0648%	1h	321.21	+0.772%	$94.9M	$110.4M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.25	+0.156%	$367	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0706%	1h	319.43	+0.213%	$298K	$905K	10x	as long as short
Lighter TAO	+0.0728%	1h	319.78	+0.323%	$1.5M	$6.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.15	+0.753%	$1.5M	$6.9M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0952%	1h	321.24	+0.782%	$15K	$1.9M	25x	as long as short
RISEx TAO/USDC	+0.1077%	1h	321.14	+0.751%	$460K	$666K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1149%	1h	321.36	+0.818%	$6.0M	$21.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.44	+1.471%	$24K	$2K	12x	as long as short