Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against HTX−0.102%7-day average +0.080% · you buy dearer than you sell

Net, funding: paid 7d − costs−$202as in the Funding arb table

Net, price: spread back to 7d avg − costs−$220as in the Price arb table

costs, in and out, $10k−$2012.014% of the position

Long on HTX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%$0 on $10k

Price spread, last 3 days (all we have)+0.173%+$17 · spread now −0.102%, 7d avg +0.080%

Together, before fees+0.168%+ Points / potential airdropedgeX: Active · farm board+$17 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: edgeX is 0.182% cheaper against HTX than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.080%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	317.38	0.0100	pay 0.0050% / 4h	3h 03m	$127K	$422K	20x
Short	edgeX TAOUSDC	317.06	0.0100	get 0.0050% / 4h	3h 03m	$40K	$294K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.102%Rate

Funding earned: $0
Price spread: −0.102% → +0.080%: −$18.23
Slippage, 4 orders: −$180.43
Fee HTX: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$219.67
Costs to cover: 2.014%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; edgeX: live order book, 5 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, 5 min ago	21.48 bp	103.5 bp −$103	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	7.89 bp	12.4 bp −$12	25.3 bp −$253	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	−0.1228%	1h	316.14	−0.391%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.55	−0.892%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	314.56	−0.889%	$14K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.85	−0.797%	$43K	$605K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.74	−0.831%	$90.2M	$452.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.80	−0.813%	$25.6M	$108.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.20	−1.002%	$12.8M	$51.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.39	−0.942%	$100.1M	$137.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.64	−0.863%	$18.3M	$29.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.78	−0.819%	$35.1M	$51.7M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDCshort	+0.0100%	4h	317.06	−0.102%	$40K	$294K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	316.35	−0.324%	$524K	$958K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	314.92	−0.775%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.27	−0.035%	$2K	$1.9M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	317.38	long leg	$127K	$422K	20x
Phemex TAOUSDT	+0.0103%	4h	317.37	−0.003%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.22	−0.681%	$173K	$998	3x	as long as short
Bullet TAO-USD	+0.0106%	1h	314.59	−0.879%	$12K	$17K	20x	as long as short
ApeX Omni TAOUSDT	+0.0117%	1h	316.47	−0.287%	$48K	$267K	50x	as long as short
Katana Perps TAO-USD	+0.0121%	8h	314.82	−0.807%	$1K	$647K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0102%	1h	314.37	−0.948%	$446K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	314.69	−0.848%	$373K	$376K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	314.88	−0.788%	$83K	$550K	5x	as long as short
Aster TAOUSDT	+0.0204%	4h	314.50	−0.906%	$1.2M	$8.9M	50x	as long as short
Paradex TAO-USD-PERP	+0.0235%	8h	314.64	−0.862%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0255%	1h	314.68	−0.851%	$92K	$633K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0275%	1h	317.11	−0.086%	$17K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.47	−0.287%	$4.4M	$10.8M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0484%	1h	317.05	−0.105%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	317.00	−0.120%	$332K	$624K	5x	as long as short
01 Exchange TAOUSD	+0.0560%	1h	315.19	−0.690%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	320.46	+0.970%	$23K	$2K	12x	as long as short
Variational Omni TAO	+0.0571%	4h	316.78	−0.190%	$5.5M	$8.7M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	314.46	−0.920%	$362	—	20x	as long as short
BingX TAO-USDT	+0.0702%	4h	314.77	−0.822%	—	$30.7M	—	as long as short
Bybit TAOUSDT	+0.0752%	4h	315.14	−0.706%	$64.9M	$133.8M	50x	as long as short
Nado TAO-PERP	+0.0754%	1h	314.80	−0.813%	$779K	$2.1M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0800%	1h	317.11	−0.085%	$320K	$816K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.25	−0.041%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1088%	1h	314.99	−0.755%	$879K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	314.67	−0.853%	$418K	$593K	5x	as long as short
Lighter TAO	+0.1400%	1h	315.40	−0.624%	$1.6M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1740%	1h	315.00	−0.751%	$100.8M	$91.7M	5x	as long as short