Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against HTX+0.026%7-day average +0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$155as in the Price arb table

costs, in and out, $10k−$1471.469% of the position

Long on HTX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.060%−$6 on $10k

Price spread, last 3 days (all we have)+0.037%+$4 · spread now +0.026%, 7d avg +0.107%

Together, before fees−0.023%−$2 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: Polymarket Perps is 0.081% cheaper against HTX than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	307.12	0.0100	pay 0.0050% / 4h	1h 06m	$122K	$369K	20x
Short	Polymarket Perps TAO-USD	307.20	0.0100	get 0.0013% / 1h	6m 59s	$75K	$550K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.026%Rate

Funding earned: $0
Price spread: +0.026% → +0.107%: −$8.09
Slippage, 4 orders: −$126.92
Fee HTX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$155.01
Costs to cover: 1.469%
Break-even: never at this rate

Slippage from HTX: live order book, 11 min ago; Polymarket Perps: live order book, 11 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, 11 min ago	25.13 bp	88.3 bp −$88	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 11 min ago	2.78 bp	6.8 bp −$7	9.4 bp −$94	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	−0.0396%	1h	305.88	−0.405%	$163K	$52K	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	306.84	−0.092%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0012%	1h	306.74	−0.123%	$126K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.10	−0.007%	$45K	$540K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.36	+0.080%	$86.1M	$414.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.55	+0.140%	$59.7M	$121.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.40	+0.091%	$24.7M	$96.1M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.36	+0.078%	$80K	$643K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.30	+0.059%	$12.3M	$49.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.21	+0.029%	$114.8M	$126.2M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	307.37	+0.081%	$18.6M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.22	+0.033%	$34.3M	$45.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.30	+0.059%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.62	−0.164%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.22	+0.031%	$508K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	306.60	−0.169%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	307.20	+0.026%	$75K	$550K	5x
Bullet TAO-USD	+0.0100%	1h	307.11	−0.003%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	306.95	−0.055%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	306.95	−0.055%	$2K	$1.8M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	307.12	long leg	$122K	$369K	20x
Phemex TAOUSDT	+0.0100%	4h	307.22	+0.033%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.21	+0.030%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	307.03	−0.029%	$2K	$511K	5x	as long as short
Variational Omni TAO	+0.0110%	4h	306.68	−0.142%	$3.7M	$6.7M	—	as long as short
Aster TAOUSDT	+0.0131%	4h	307.46	+0.111%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	307.04	−0.025%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	307.16	+0.013%	$363K	$369K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	306.80	−0.104%	$438K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0279%	1h	307.05	−0.024%	$19K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0315%	1h	306.98	−0.045%	$829K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.22	+0.033%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0368%	1h	307.44	+0.104%	$1.7M	$5.4M	5x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	307.33	+0.068%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0459%	1h	307.46	+0.111%	$295K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	307.10	−0.007%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	307.06	−0.021%	$353	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	306.97	−0.049%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	307.76	+0.208%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1029%	1h	307.10	−0.008%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1150%	1h	307.87	+0.244%	$93.9M	$80.8M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	307.24	+0.039%	$418K	$533K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.524%	$22K	$264	12x	as long as short