data as of
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Price arb /

TAO

all TAO markets
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$144
spread now−0.278%7d average−0.197%fees + slippage, in and out−$136spread needed1.360%
Long on LighterShort on HTX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter TAO284.040.0096pay 0.0012% / 1h26m 18s$1.3M$1.8M5x
ShortHTX TAO-USDT283.250.0100get 0.0050% / 4h26m 18s$116K$310K20x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$27.85
Funding while held
$0.12
Slippage, 4 orders
−$123.96
Fee Lighter: 0 bp × 2 orders
$0
Fee HTX: 6 bp × 2 orders
−$12
Net
−$163.69
Spread needed to break even
1.360%
Slippage from Lighter: live order book, 2 min ago; HTX: live order book, 22 min ago.

Cost of waiting

funding view
Funding /8h
+0.0004%
Per $10,000 a day
+$0.12
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 2 min ago2.22 bp4.1 bp −$420.7 bp −$207doesn't fitdoesn't fit
Sell HTX live order book, 22 min ago9.27 bp22.2 bp −$22doesn't fitdoesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
Variational Omni283.01cheapestBulk283.11+0.036%
HTX283.25+0.085%
Deribit283.29+0.101%SunX283.38+0.131%Kraken Futures283.39+0.135%Phoenix283.40+0.138%BloFin283.40+0.138%Extended283.41+0.143%Phemex283.47+0.163%Paradex283.53+0.183%Aster283.58+0.202%edgeX283.58+0.203%Coinbase International283.67+0.234%RISEx283.72+0.251%Katana Perps283.73+0.255%ApeX Omni283.77+0.269%dYdX283.78+0.272%Bitget283.78+0.273%Pacifica283.78+0.273%Popdex283.80+0.280%Nado283.81+0.282%Arcus283.82+0.287%Backpack283.87+0.305%01 Exchange283.90+0.315%Gate283.90+0.315%KuCoin283.96+0.336%Reya283.97+0.339%Orderly283.99+0.347%OKX284.00+0.350%
Lighter284.04+0.365%
gTrade (Gains Network)284.06+0.372%MEXC284.07+0.375%Polymarket Perps284.08+0.379%GMX284.10+0.384%BingX284.10+0.386%Binance284.11+0.388%Bybit284.13+0.396%Bullet284.16+0.406%Hyperliquid284.32+0.464%Aevo285.06+0.723%Injective286.91+1.379%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Variational Omni TAO−0.364%+0.0100%4h$3.3M$4.5M—as long as short
Bulk TAO-USD−0.328%−0.0681%1h$148K$010xas long as short
HTX TAO-USDTshort−0.278%+0.0100%4h$116K$310K20x
Deribit TAO_USDC-PERPETUAL−0.263%0.0000%1h$33K$908K25xas long as short
SunX TAO-USDT−0.233%+0.0100%4h$1K$1.6M20xas long as short
Kraken Futures PF_TAOUSD−0.229%+0.0290%1h$5.4M$13.4M50xas long as short
Phoenix TAO−0.226%+0.0364%1h$301K$149K5xas long as short
BloFin TAO-USDT−0.226%+0.0340%4h$4.1M$7.0M100xas long as short
Extended TAO-USD−0.221%+0.0104%1h$758K$1.3M25xas long as short
Phemex TAOUSDT−0.201%+0.0100%4h$3.0M$7.5M50xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Paradex TAO-USD-PERP−0.182%+0.0102%8h$13K$37610xas long as short
Aster TAOUSDT−0.162%+0.0100%4h$1.6M$4.9M50xas long as short
edgeX TAOUSDC−0.162%+0.0100%4h$32K$286K10xas long as short
Coinbase International TAO-PERP-INTX−0.131%+0.0920%1h$1.4M$4.1M50xas long as short
RISEx TAO/USDC−0.113%+0.0517%1h$299K$409K5xas long as short
Katana Perps TAO-USD−0.109%+0.0100%8h$2K$285K5xas long as short
ApeX Omni TAOUSDT−0.095%+0.0100%1h$42K$266K50xas long as short
dYdX TAO-USD−0.093%+0.0195%1h$72K$55K5xas long as short
Bitget TAOUSDT−0.092%+0.0054%4h$32.0M$35.7M50xas long as short
Pacifica TAO−0.092%+0.0100%1h$330K$368K10xas long as short
Popdex TAOUSDT−0.085%+0.0096%1h$44K$452K20xas long as short
Nado TAO-PERP−0.082%+0.0188%1h$1.0M$1.1M10xas long as short
Arcus TAO-USD−0.078%+0.0100%1h$121K$570K5xas long as short
Backpack TAO_USDC_PERP−0.060%+0.0100%1h$305K$395K10xas long as short
01 Exchange TAOUSD−0.050%+0.0200%1h$5K$4K5xas long as short
Gate TAO_USDT−0.050%+0.0090%4h$11.2M$45.6M50xas long as short
KuCoin TAOUSDTM−0.029%+0.0100%4h$17.3M$18.0M75xas long as short
Reya TAORUSDPERP−0.026%+0.0692%1h$327—20xas long as short
Orderly PERP_TAO_USDC−0.018%+0.0100%4h$51K$146K10xas long as short
OKX TAO-USDT-SWAP−0.014%+0.0100%8h$22.9M$65.6M50xas long as short
Lighter TAOlong0.000%+0.0096%1h$1.3M$1.8M5x
gTrade (Gains Network) TAO/USD+0.007%L +0.0004% / S −0.0012%1h$18K—150xas long as short
MEXC TAO_USDT+0.010%+0.0100%4h$101.5M$99.5M300xas long as short
Polymarket Perps TAO-USD+0.014%+0.0100%1h$73K$1.1M5xas long as short
GMX TAO/USD [WBTC.b-USDC]+0.019%L +0.0463% / S −0.0189%1h$421K—100xas long as short
BingX TAO-USDT+0.021%+0.0100%4h—$28.6M—as long as short
Binance TAOUSDT+0.023%+0.0100%4h$80.1M$317.4M75xas long as short
Bybit TAOUSDT+0.031%+0.0100%4h$51.1M$82.7M50xas long as short
Bullet TAO-USD+0.041%+0.0100%1h$10K$17K20xas long as short
Hyperliquid TAO+0.098%+0.0214%1h$75.4M$50.5M5xas long as short
Aevo TAO-PERP+0.357%+0.0104%1h$157K$9983xas long as short
Injective TAO/USDC PERP+1.010%+0.3146%1h$21K$125K12xas long as short