Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.089%

Price spread now: 01 Exchange against HTX+0.170%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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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 +$9 a day on $10k at the current rate, and 01 Exchange is 0.170% dearer against HTX than usual: you sell high and buy low: +$17 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	311.42	0.0100	pay 0.0050% / 4h	3h 45m	$109K	$536K	20x
Short	01 Exchange TAOUSD	311.95	0.0416	get 0.0052% / 1h	45m 46s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.170%Rate

Funding earned: $66.36
Price spread: +0.170% → 0.000%: $17.02
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $64.38
Costs to cover: 0.190%
Break-even: 0.2 days

Slippage unknown: HTX: live order book, 8 min ago; 01 Exchange: 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, 8 min ago	14.04 bp	111.5 bp −$111	doesn't fit	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
Kraken Futures PF_TAOUSD	−0.0348%	1h	311.63	+0.066%	$5.5M	$20.6M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	311.36	−0.019%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.84	+0.134%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	311.83	+0.132%	$45K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	311.75	+0.106%	$1K	$813K	5x	as long as short
Pacifica TAO	+0.0100%	1h	311.65	+0.073%	$356K	$413K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.98	+0.180%	$89.6M	$497.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.02	+0.193%	$67.3M	$149.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.90	+0.154%	$25.8M	$120.2M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.10	+1.182%	$167K	$2K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	311.50	+0.026%	$13.0M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	311.93	+0.164%	$100.9M	$144.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	311.52	+0.032%	$17.8M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	311.66	+0.077%	$34.9M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	311.85	+0.138%	—	$33.1M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.96	+0.172%	$41K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.93	+0.163%	$529K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.00	+0.186%	$46K	$253K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	311.80	+0.122%	$82K	$870K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	312.13	+0.228%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.48	+0.019%	$1K	$1.9M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	311.42	long leg	$109K	$536K	20x
Phemex TAOUSDT	+0.0100%	4h	311.61	+0.061%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.84	+0.133%	$171K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0116%	4h	311.78	+0.116%	$52K	$270K	10x	as long as short
Aster TAOUSDT	+0.0117%	4h	311.94	+0.166%	$1.2M	$10.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0141% / S +0.0130%	1h	311.84	+0.134%	$415K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0141%	8h	311.92	+0.161%	$14K	$1K	10x	as long as short
Hyperliquid TAO	+0.0183%	1h	311.78	+0.116%	$91.5M	$107.2M	5x	as long as short
Extended TAO-USD	+0.0184%	1h	311.78	+0.116%	$913K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.93	+0.164%	$101K	$392K	5x	as long as short
Nado TAO-PERP	+0.0253%	1h	311.93	+0.165%	$785K	$2.2M	10x	as long as short
Variational Omni TAO	+0.0324%	4h	312.10	+0.218%	$5.5M	$10.0M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0340%	1h	311.76	+0.109%	$20K	$1.7M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.18	+0.244%	$4.5M	$10.8M	100x	as long as short
Lighter TAO	+0.0376%	1h	311.78	+0.117%	$1.5M	$6.5M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0391%	1h	311.62	+0.064%	$310K	$911K	10x	as long as short
01 Exchange TAOUSDshort	+0.0416%	1h	311.95	+0.170%	$3K	$4K	5x
Phoenix TAO	+0.0457%	1h	312.50	+0.347%	$311K	$711K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.01	+0.190%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	311.81	+0.124%	$433K	$650K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.94	+0.488%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.38	+1.914%	$23K	$2K	12x	as long as short