Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against MEXC−0.120%7-day average −0.103% · you buy dearer than you sell

Net, funding: paid 7d − costs−$197as in the Funding arb table

Net, price: spread back to 7d avg − costs−$199as in the Price arb table

costs, in and out, $10k−$1971.971% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 3 days (all we have)−0.025%−$2 · spread now −0.120%, 7d avg −0.103%

Together, before fees−0.020%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	316.69	0.0100	pay 0.0050% / 4h	1h 47m	$105.4M	$138.0M	300x
Short	HTX TAO-USDT	316.31	0.0100	get 0.0050% / 4h	1h 47m	$129K	$476K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against MEXC. 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 MEXCbpFee HTXbpOrdersPrice spread, now −0.120%Rate

Funding earned: $0
Price spread: −0.120% → −0.103%: −$1.67
Slippage, 4 orders: −$185.05
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$198.72
Costs to cover: 1.971%
Break-even: never at this rate

Slippage from MEXC: live order book, 1 min ago; HTX: live order book, 16 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 MEXC live order book, 1 min ago	0.16 bp	2.2 bp −$2	8.3 bp −$83	31.5 bp −$3,152	111.1 bp −$55.5K
Sell HTX live order book, 16 min ago	18.11 bp	80.2 bp −$80	doesn't fit	doesn't fit	doesn't fit

TAO on 42 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	−0.2257%	1h	317.17	+0.152%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.83	−0.272%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.93	+0.077%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.10	−0.186%	$45K	$650K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.77	+0.025%	$91.6M	$469.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.70	+0.003%	$26.1M	$115.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.50	−0.060%	$13.0M	$49.2M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	316.69	long leg	$105.4M	$138.0M	300x
KuCoin TAOUSDTM	+0.0100%	4h	316.90	+0.066%	$18.2M	$30.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.55	−0.044%	$35.4M	$53.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.85	+0.368%	$36K	$301K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.34	−0.111%	$76K	$757K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	317.46	+0.243%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.19	+0.158%	$1K	$1.9M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	316.31	−0.120%	$129K	$476K	20x
Phemex TAOUSDT	+0.0100%	4h	317.04	+0.111%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.28	+0.185%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	316.00	−0.218%	$672	$745K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0164% / S +0.0105%	1h	316.82	+0.042%	$430K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0212%	4h	317.35	+0.208%	$528K	$946K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0247%	1h	317.21	+0.163%	$5.6M	$20.5M	50x	as long as short
Bullet TAO-USD	+0.0281%	1h	317.17	+0.152%	$12K	$18K	20x	as long as short
Aster TAOUSDT	+0.0286%	4h	316.77	+0.026%	$1.2M	$9.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0338%	8h	316.38	−0.097%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0448%	1h	316.34	−0.109%	$373K	$396K	10x	as long as short
ApeX Omni TAOUSDT	+0.0473%	1h	317.85	+0.366%	$48K	$253K	50x	as long as short
Phoenix TAO	+0.0504%	1h	316.70	+0.003%	$332K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	316.21	−0.152%	$100K	$489K	5x	as long as short
Nado TAO-PERP	+0.0575%	1h	316.28	−0.129%	$762K	$2.1M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0594%	1h	317.40	+0.225%	$21K	$1.6M	25x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.56	−0.040%	$364	—	20x	as long as short
BingX TAO-USDT	+0.0697%	4h	316.60	−0.028%	—	$30.3M	—	as long as short
Bybit TAOUSDT	+0.0706%	4h	316.81	+0.038%	$67.5M	$139.3M	50x	as long as short
01 Exchange TAOUSD	+0.0736%	1h	316.22	−0.148%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0869%	1h	317.12	+0.136%	$320K	$802K	10x	as long as short
Variational Omni TAO	+0.0881%	4h	317.62	+0.295%	$6.0M	$9.6M	—	as long as short
Extended TAO-USD	+0.0920%	1h	316.66	−0.010%	$896K	$2.3M	25x	as long as short
Lighter TAO	+0.1016%	1h	317.65	+0.303%	$1.6M	$6.3M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.65	+0.303%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	315.96	−0.230%	$447K	$626K	5x	as long as short
Hyperliquid TAO	+0.1425%	1h	317.22	+0.167%	$100.3M	$98.2M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	320.94	+1.342%	$23K	$2K	12x	as long as short