Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0265%/8h= +29.0% APRpaid last 24h +0.009%
Price spread now: Pacifica against HTX+0.044%7-day average +0.111% · you sell dearer than you buy
Net, funding: paid 7d − costs−$218as in the Funding arb table
Net, price: spread back to 7d avg − costs−$233as in the Price arb table
costs, in and out, $10k−$2262.265% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.084%+$8 on $10k
Price spread, last 4 days (all we have)+0.026%+$3 · spread now +0.044%, 7d avg +0.111%
Together, before fees+0.110%+ Points / potential airdropPacifica: Active · farm board+$11 on $10k · with fees, hour by hour
Funding pays, the price is against you. Pacifica is 0.067% cheaper against HTX than usual: you would sell low and buy high (spread +0.044% now, against its 7-day average of +0.111%). If the spread goes back, that is −$7 on $10k: about 20 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.084% in total) that is about 5.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.084% in total (about 4.4% 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-USDT314.910.0100pay 0.0050% / 4h21m 42s$110K$535K20x
ShortPacifica TAO315.050.0365get 0.0046% / 1h21m 42s$359K$412K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$55.57
Price spread: +0.044% → +0.111%
−$6.69
Slippage, 4 orders
−$206.48
Fee HTX: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$177.6
Costs to cover
2.265%
Break-even
29.4 days
Slippage from HTX: live order book, 37 min ago; Pacifica: live order book, 37 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, 37 min ago13.02 bp112.9 bp −$113doesn't fitdoesn't fitdoesn't fit
Sell Pacifica live order book, 37 min ago3.49 bp11.6 bp −$12doesn't fitdoesn'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
dYdX TAO-USD0.0000%1h314.98+0.022%$126K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h315.12+0.067%$20K150xas long as short
Kraken Futures PF_TAOUSD+0.0056%1h315.22+0.099%$5.5M$20.7M50xas long as short
Popdex TAOUSDT+0.0096%1h315.55+0.203%$43K$668K20xas long as short
Katana Perps TAO-USD+0.0098%8h315.40+0.156%$646$799K5xas long as short
Binance TAOUSDT+0.0100%4h314.96+0.016%$90.9M$494.4M75xas long as short
Bybit TAOUSDT+0.0100%4h314.95+0.013%$68.0M$148.6M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h314.80−0.035%$26.0M$120.3M50xas long as short
Gate TAO_USDT+0.0100%4h315.00+0.029%$12.9M$50.0M50xas long as short
MEXC TAO_USDT+0.0100%4h314.95+0.013%$110.5M$144.0M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h314.92+0.003%$17.6M$31.7M75xas long as short
Bitget TAOUSDT+0.0100%4h314.80−0.035%$35.2M$56.4M50xas long as short
BingX TAO-USDT+0.0100%4h315.22+0.098%$32.9Mas long as short
edgeX TAOUSDC+0.0100%4h314.91−0.001%$42K$311K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h314.20−0.226%$520K$955K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h315.16+0.079%$46K$254K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h315.28+0.117%$77K$859K5xas long as short
Bullet TAO-USD+0.0100%1h315.35+0.139%$12K$18K20xas long as short
SunX TAO-USDT+0.0100%4h315.22+0.098%$2K$1.9M20xas long as short
HTX TAO-USDTlong+0.0100%4h314.91long leg$110K$535K20x
Phemex TAOUSDT+0.0100%4h315.04+0.041%$3.2M$8.1M50xas long as short
Aevo TAO-PERP+0.0104%1h315.37+0.146%$173K$9983xas long as short
Orderly PERP_TAO_USDC+0.0132%4h315.30+0.124%$57K$265K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0147% / S +0.0126%1h315.09+0.058%$420K100xas long as short
Paradex TAO-USD-PERP+0.0163%8h314.93+0.005%$14K$1K10xas long as short
Nado TAO-PERP+0.0194%1h315.41+0.158%$802K$2.2M10xas long as short
Aster TAOUSDT+0.0195%4h315.07+0.050%$1.2M$10.3M50xas long as short
Extended TAO-USD+0.0208%1h315.12+0.067%$922K$2.4M25xas long as short
Hyperliquid TAO+0.0257%1h315.29+0.121%$92.7M$106.4M5xas long as short
01 Exchange TAOUSD+0.0304%1h315.79+0.279%$3K$4K5xas long as short
Lighter TAO+0.0312%1h315.22+0.097%$1.5M$6.5M5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0329%1h315.36+0.142%$30K$1.7M25xas long as short
BloFin TAO-USDT+0.0340%4h316.00+0.346%$4.5M$10.9M100xas long as short
Arcus TAO-USD+0.0345%1h315.80+0.283%$100K$438K5xas long as short
Backpack TAO_USDC_PERP+0.0348%1h315.11+0.064%$316K$913K10xas long as short
Pacifica TAOshort+0.0365%1h315.05+0.044%$359K$412K10x
Variational Omni TAO+0.0526%4h314.38−0.169%$5.7M$9.9Mas long as short
Phoenix TAO+0.0581%1h315.50+0.187%$314K$697K5xas long as short
Reya TAORUSDPERP+0.0697%1h315.34+0.136%$36320xas long as short
Bulk TAO-USD+0.0933%1h314.34−0.181%$167K$2K10xas long as short
RISEx TAO/USDC+0.0991%1h315.61+0.222%$435K$651K5xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h316.02+0.352%$1.5M$6.7M50xas long as short
Injective TAO/USDC PERP+0.4222%1h318.85+1.251%$23K$2K12xas long as short