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: Gate against HTX+0.063%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$226as in the Funding arb table

Net, price: spread back to 7d avg − costs−$230as in the Price arb table

costs, in and out, $10k−$2292.291% of the position

Long on HTX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.026%+$3 on $10k

Price spread, last 4 days (all we have)−0.007%−$1 · spread now +0.063%, 7d avg +0.067%

Together, before fees+0.019%+$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	317.20	0.0100	pay 0.0050% / 4h	1h 11m	$128K	$482K	20x
Short	Gate TAO_USDT	317.40	0.0100	get 0.0050% / 4h	1h 11m	$13.0M	$50.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.063%Rate

Funding earned: $0
Price spread: +0.063% → +0.067%: −$0.4
Slippage, 4 orders: −$202.1
Fee HTX: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$229.5
Costs to cover: 2.291%
Break-even: never at this rate

Slippage from HTX: live order book, 52 min ago; Gate: live order book, 3 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, 52 min ago	18.11 bp	110.6 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.58 bp	20.0 bp −$20	32.8 bp −$328	68.5 bp −$6,845	118.1 bp −$59.0K

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	−0.1916%	1h	325.17	+2.513%	$172K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.00	−0.378%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.53	+0.104%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.36	+0.050%	$40K	$686K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.96	+0.240%	$92.5M	$489.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.00	+0.252%	$26.2M	$120.4M	50x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	317.40	+0.063%	$13.0M	$50.3M	50x
MEXC TAO_USDT	+0.0100%	4h	318.15	+0.299%	$102.2M	$143.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.39	+0.060%	$17.7M	$31.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.62	+0.132%	$35.5M	$55.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.42	−0.245%	$35K	$301K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.35	+0.047%	$87K	$795K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.53	+0.104%	$1K	$1.9M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	317.20	long leg	$128K	$482K	20x
Aevo TAO-PERP	+0.0104%	1h	317.41	+0.067%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	316.90	−0.095%	$674	$776K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0125%	4h	317.75	+0.173%	$57K	$282K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0157% / S +0.0112%	1h	317.49	+0.090%	$430K	—	100x	as long as short
Bullet TAO-USD	+0.0189%	1h	317.40	+0.063%	$13K	$18K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0192%	4h	315.38	−0.574%	$523K	$951K	10x	as long as short
Phemex TAOUSDT	+0.0204%	4h	317.76	+0.177%	$3.4M	$7.9M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0247%	1h	317.84	+0.201%	$5.6M	$20.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0257%	8h	316.08	−0.353%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0277%	4h	317.34	+0.046%	$1.2M	$10.0M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0317%	1h	318.03	+0.262%	$15K	$1.6M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	317.43	+0.073%	$3.9M	$11.3M	100x	as long as short
ApeX Omni TAOUSDT	+0.0371%	1h	316.95	−0.079%	$47K	$253K	50x	as long as short
Bybit TAOUSDT	+0.0427%	4h	317.99	+0.249%	$69.7M	$146.0M	50x	as long as short
Pacifica TAO	+0.0448%	1h	316.20	−0.314%	$374K	$405K	10x	as long as short
BingX TAO-USDT	+0.0448%	4h	317.60	+0.126%	—	$30.4M	—	as long as short
Phoenix TAO	+0.0504%	1h	315.80	−0.441%	$330K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	317.41	+0.066%	$100K	$488K	5x	as long as short
Nado TAO-PERP	+0.0613%	1h	317.48	+0.089%	$795K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0680%	1h	317.71	+0.159%	$927K	$2.4M	25x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	317.38	+0.056%	$365	—	20x	as long as short
01 Exchange TAOUSD	+0.0704%	1h	317.43	+0.073%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0736%	1h	318.13	+0.292%	$1.6M	$6.4M	5x	as long as short
Variational Omni TAO	+0.0831%	4h	317.31	+0.036%	$5.9M	$9.8M	—	as long as short
Backpack TAO_USDC_PERP	+0.0909%	1h	315.75	−0.457%	$314K	$923K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	316.66	−0.170%	$1.5M	$6.8M	50x	as long as short
Hyperliquid TAO	+0.1062%	1h	317.55	+0.110%	$96.2M	$104.6M	5x	as long as short
RISEx TAO/USDC	+0.1159%	1h	317.50	+0.095%	$446K	$657K	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	321.62	+1.393%	$23K	$2K	12x	as long as short