Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.3611%/8h= +395.5% APRpaid last 24h +0.671%

Price spread now: Injective against HTX+2.057%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+3.528%+$353 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$108 a day on $10k at the current rate, and Injective is 2.057% dearer against HTX than usual: you sell high and buy low: +$206 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	313.04	0.0100	pay 0.0050% / 4h	2h 28m	$113K	$554K	20x
Short	Injective TAO/USDC PERP	319.48	0.3711	get 0.0464% / 1h	28m 27s	$23K	$2K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +2.057%Rate

Funding earned: $758.4
Price spread: +2.057% → 0.000%: $205.72
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $952.1
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: HTX: live order book, 20 min ago; Injective: no order-book sample. Net counts fees only.

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, 20 min ago	7.03 bp	108.0 bp −$108	doesn't fit	doesn't fit	doesn't fit
Sell Injective no order-book sample	—	—	—	—	—

Injective: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.92	+0.282%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0038%	1h	313.44	+0.128%	$125K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.60	+0.179%	$90.0M	$508.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.40	+0.115%	$26.2M	$122.0M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	313.47	+0.138%	$167K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.20	+0.051%	$13.9M	$51.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.43	+0.125%	$107.7M	$145.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.32	+0.089%	$17.3M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.22	+0.058%	$35.3M	$57.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.56	+0.165%	$41K	$316K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.30	+0.083%	$89K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.12	+0.345%	$2K	$1.9M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	313.04	long leg	$113K	$554K	20x
Katana Perps TAO-USD	+0.0103%	8h	313.50	+0.147%	$1K	$920K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.42	+0.440%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	314.27	+0.393%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0129% / S +0.0140%	1h	313.98	+0.299%	$420K	—	100x	as long as short
Phemex TAOUSDT	+0.0137%	4h	314.00	+0.307%	$3.2M	$8.0M	50x	as long as short
Popdex TAOUSDT	+0.0144%	1h	313.60	+0.179%	$51K	$667K	20x	as long as short
Aster TAOUSDT	+0.0207%	4h	313.53	+0.158%	$1.3M	$10.6M	50x	as long as short
Pacifica TAO	+0.0233%	1h	313.65	+0.194%	$357K	$419K	10x	as long as short
Paradex TAO-USD-PERP	+0.0269%	8h	313.40	+0.116%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0271%	1h	313.38	+0.108%	$771K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.24	+0.383%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0321%	1h	313.45	+0.130%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.40	+0.434%	$4.6M	$10.9M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0348%	4h	314.36	+0.423%	$534K	$923K	10x	as long as short
ApeX Omni TAOUSDT	+0.0397%	1h	313.30	+0.083%	$44K	$256K	50x	as long as short
BingX TAO-USDT	+0.0438%	4h	313.36	+0.102%	—	$33.7M	—	as long as short
Bybit TAOUSDT	+0.0445%	4h	313.62	+0.185%	$68.1M	$152.5M	50x	as long as short
Variational Omni TAO	+0.0449%	4h	314.04	+0.318%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0464%	1h	313.41	+0.120%	$897K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	313.88	+0.268%	$101K	$345K	5x	as long as short
Phoenix TAO	+0.0513%	1h	314.20	+0.371%	$313K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0595%	1h	314.26	+0.391%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.33	+0.091%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0760%	1h	313.95	+0.291%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0803%	1h	313.67	+0.201%	$91.7M	$108.9M	5x	as long as short
Lighter TAO	+0.0816%	1h	313.65	+0.196%	$1.5M	$6.6M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0824%	1h	314.13	+0.348%	$312K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	315.16	+0.677%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	313.63	+0.189%	$454K	$649K	5x	as long as short
Injective TAO/USDC PERPshort	+0.3711%	1h	319.48	+2.057%	$23K	$2K	12x