Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against HTX+0.064%7-day average +0.100% · you sell dearer than you buy

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

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 4 days (all we have)+0.041%+$4 · spread now +0.064%, 7d avg +0.100%

Together, before fees+0.120%+$12 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: SunX is 0.036% cheaper against HTX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.100%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	312.72	0.0100	pay 0.0050% / 4h	2h 49m	$111K	$545K	20x
Short	SunX TAO-USDT	312.92	0.0100	get 0.0050% / 4h	2h 49m	$1K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.064%Rate

Funding earned: $0
Price spread: +0.064% → +0.100%: −$3.61
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$23.61
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 64 min ago; SunX: live order book, 6 min ago. 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, 64 min ago	14.04 bp	111.5 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 6 min ago	500.52 bp	doesn't fit	doesn't fit	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
dYdX TAO-USD	0.0000%	1h	312.73	+0.003%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	312.94	+0.071%	$20K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	313.26	+0.173%	$641	$879K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.28	+0.179%	$89.6M	$504.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.30	+0.185%	$26.2M	$121.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.00	+0.090%	$13.6M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.26	+0.173%	$104.5M	$144.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.10	+0.122%	$17.5M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.10	+0.122%	$35.3M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.14	−0.186%	$41K	$314K	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	313.12	+0.128%	$81K	$908K	5x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	312.92	+0.064%	$1K	$1.9M	20x
HTX TAO-USDTlong	+0.0100%	4h	312.72	long leg	$111K	$545K	20x
Aevo TAO-PERP	+0.0104%	1h	313.30	+0.185%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	313.18	+0.147%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0132% / S +0.0137%	1h	312.88	+0.051%	$419K	—	100x	as long as short
Bulk TAO-USD	+0.0138%	1h	312.42	−0.095%	$166K	$333	10x	as long as short
Aster TAOUSDT	+0.0149%	4h	313.02	+0.094%	$1.3M	$10.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0220%	8h	313.29	+0.184%	$14K	$1K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0232%	4h	312.47	−0.081%	$531K	$942K	10x	as long as short
Pacifica TAO	+0.0233%	1h	313.40	+0.217%	$357K	$419K	10x	as long as short
Popdex TAOUSDT	+0.0248%	1h	313.43	+0.227%	$49K	$662K	20x	as long as short
Nado TAO-PERP	+0.0259%	1h	313.35	+0.202%	$779K	$2.2M	10x	as long as short
ApeX Omni TAOUSDT	+0.0265%	1h	312.08	−0.205%	$46K	$255K	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0305%	1h	312.92	+0.064%	$5.5M	$20.7M	50x	as long as short
Bullet TAO-USD	+0.0328%	1h	313.25	+0.171%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.00	+0.090%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0358%	4h	313.26	+0.173%	—	$33.7M	—	as long as short
Phemex TAOUSDT	+0.0359%	4h	313.09	+0.118%	$3.1M	$7.9M	50x	as long as short
Bybit TAOUSDT	+0.0370%	4h	313.40	+0.217%	$67.9M	$151.2M	50x	as long as short
Variational Omni TAO	+0.0371%	4h	313.10	+0.122%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0384%	1h	313.24	+0.166%	$902K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	313.56	+0.269%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	312.50	−0.070%	$311K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0529%	1h	313.17	+0.144%	$11K	$1.8M	25x	as long as short
Hyperliquid TAO	+0.0697%	1h	313.30	+0.185%	$91.7M	$108.3M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.33	+0.195%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	313.87	+0.368%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0827%	1h	313.24	+0.166%	$311K	$885K	10x	as long as short
Lighter TAO	+0.0888%	1h	313.27	+0.177%	$1.5M	$6.5M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	313.67	+0.304%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	313.37	+0.206%	$450K	$650K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	316.07	+1.071%	$23K	$2K	12x	as long as short