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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0383%/8h= +42.0% APRpaid last 24h +0.015%
Price spread now: Arcus against HTX+0.256%7-day average +0.180% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$270as in the Price arb table
costs, in and out, $10k−$2782.778% of the position
Long on HTXShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.046%+$5 on $10k
Price spread, last 4 days (all we have)−0.090%−$9 · spread now +0.256%, 7d avg +0.180%
Together, before fees−0.044%−$4 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Arcus is 0.075% dearer against HTX than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.180%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.046% in total (about 4.6% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX TAO-USDT313.080.0100pay 0.0050% / 4h2h 29m$113K$554K20x
ShortArcus TAO-USD313.880.0483get 0.0060% / 1h29m 41s$101K$370K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus 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

Funding earned
$80.49
Price spread: +0.256% → +0.180%
$7.53
Slippage, 4 orders
−$261.33
Fee HTX: 6 bp × 2 orders
−$12
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
−$189.8
Costs to cover
2.778%
Break-even
23.5 days
Slippage from HTX: live order book, 19 min ago; Arcus: live order book, 19 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 19 min ago7.03 bp108.0 bp −$108doesn't fitdoesn't fitdoesn't fit
Sell Arcus live order book, 19 min ago6.85 bp10.4 bp −$1023.5 bp −$235doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h313.40+0.103%$20K—150xas long as short
dYdX TAO-USD+0.0039%1h313.66+0.185%$125K$85K5xas long as short
Binance TAOUSDT+0.0100%4h313.99+0.291%$90.2M$507.9M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h313.90+0.262%$26.3M$122.3M50xas long as short
Bulk TAO-USD+0.0100%1h313.47+0.125%$167K$33310xas long as short
Gate TAO_USDT+0.0100%4h313.80+0.230%$13.9M$51.0M50xas long as short
MEXC TAO_USDT+0.0100%4h313.98+0.287%$107.8M$145.6M300xas long as short
KuCoin TAOUSDTM+0.0100%4h313.92+0.268%$17.3M$31.4M75xas long as short
Bitget TAOUSDT+0.0100%4h313.70+0.198%$35.3M$57.1M50xas long as short
edgeX TAOUSDC+0.0100%4h313.56+0.152%$41K$316K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps TAO-USD+0.0100%1h313.65+0.182%$90K$920K5xas long as short
SunX TAO-USDT+0.0100%4h313.34+0.083%$2K$1.9M20xas long as short
HTX TAO-USDTlong+0.0100%4h313.08long leg$113K$554K20x
Katana Perps TAO-USD+0.0103%8h313.61+0.169%$642$915K5xas long as short
Aevo TAO-PERP+0.0104%1h314.03+0.302%$172K$9983xas long as short
Orderly PERP_TAO_USDC+0.0123%4h313.86+0.249%$52K$290K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0129% / S +0.0140%1h313.38+0.096%$420K—100xas long as short
Popdex TAOUSDT+0.0144%1h313.72+0.204%$50K$667K20xas long as short
Phemex TAOUSDT+0.0162%4h313.90+0.262%$3.2M$8.0M50xas long as short
Aster TAOUSDT+0.0206%4h314.07+0.315%$1.3M$10.6M50xas long as short
Pacifica TAO+0.0233%1h314.09+0.323%$358K$419K10xas long as short
Paradex TAO-USD-PERP+0.0270%8h313.97+0.286%$14K$1K10xas long as short
Nado TAO-PERP+0.0271%1h313.96+0.280%$772K$2.2M10xas long as short
Kraken Futures PF_TAOUSD+0.0303%1h314.08+0.320%$5.9M$21.4M50xas long as short
Bullet TAO-USD+0.0325%1h313.81+0.235%$12K$17K20xas long as short
GRVT TAO_USDT_Perp+0.0330%4h313.91+0.266%$533K$923K10xas long as short
BloFin TAO-USDT+0.0340%4h313.88+0.256%$4.5M$10.9M100xas long as short
ApeX Omni TAOUSDT+0.0397%1h313.30+0.070%$44K$256K50xas long as short
BingX TAO-USDT+0.0438%4h314.04+0.307%—$33.7M—as long as short
Variational Omni TAO+0.0449%4h314.04+0.305%$5.5M$10.1M—as long as short
Bybit TAOUSDT+0.0452%4h314.04+0.307%$68.2M$152.5M50xas long as short
Extended TAO-USD+0.0464%1h314.13+0.336%$897K$2.4M25xas long as short
Arcus TAO-USDshort+0.0483%1h313.88+0.256%$101K$370K5x
Phoenix TAO+0.0513%1h314.60+0.485%$313K$713K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0526%1h313.84+0.244%$15K$1.8M25xas long as short
Reya TAORUSDPERP+0.0697%1h313.91+0.265%$361—20xas long as short
01 Exchange TAOUSD+0.0760%1h314.03+0.303%$3K$4K5xas long as short
Hyperliquid TAO+0.0805%1h314.19+0.355%$91.8M$108.9M5xas long as short
Lighter TAO+0.0816%1h314.16+0.346%$1.5M$6.6M5xas long as short
Backpack TAO_USDC_PERP+0.0822%1h314.19+0.355%$310K$889K10xas long as short
Coinbase International TAO-PERP-INTX+0.0928%1h314.27+0.380%$1.5M$6.8M50xas long as short
RISEx TAO/USDC+0.0948%1h313.68+0.190%$454K$649K5xas long as short
Injective TAO/USDC PERP+0.3711%1h317.66+1.463%$23K$2K12xas long as short