Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni−0.589%52s7-day average −0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$680.684% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)−1.018%−$102 · spread now −0.589%, 7d avg −0.030%

Together, before fees−1.055%−$106 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: KuCoin is 0.559% cheaper against ApeX Omni than usual: you would sell low and buy high, −$56 on $10k if it goes back to its 7-day average of −0.030%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TAOUSDT	309.11	0.0100	pay 0.0013% / 1h	40m 34s	$46K	$268K	50x
Short	KuCoin TAOUSDTM	307.29	0.0100	get 0.0050% / 4h	2h 40m	$17.9M	$30.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against ApeX Omni. 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 ApeX OmnibpFee KuCoinbpOrdersPrice spread, now −0.589%Rate

Funding earned: $0
Price spread: −0.589% → −0.030%: −$55.91
Slippage, 4 orders: −$46.36
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$124.27
Costs to cover: 0.684%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 26 min ago; KuCoin: live order book, 3 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 ApeX Omni live order book, 26 min ago	5.51 bp	12.7 bp −$13	108.4 bp −$1,084	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	0.97 bp	19.3 bp −$19	32.7 bp −$327	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	307.32	−0.578%	$123K	$87K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	307.63	−0.478%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.80	−0.747%	$45K	$606K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.89	−0.720%	$88.5M	$460.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.50	−0.844%	$25.1M	$107.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.20	−0.618%	$12.5M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.32	−0.579%	$102.4M	$137.4M	300x	as long as short
KuCoin TAOUSDTMshort	+0.0100%	4h	307.29	−0.589%	$17.9M	$30.0M	75x
Bitget TAOUSDT	+0.0100%	4h	307.11	−0.647%	$34.3M	$52.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.15	+0.011%	$34K	$298K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	309.02	−0.029%	$515K	$967K	10x	as long as short
ApeX Omni TAOUSDTlong	+0.0100%	1h	309.11	long leg	$46K	$268K	50x
Orderly PERP_TAO_USDC	+0.0100%	4h	308.00	−0.359%	$56K	$283K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.79	−0.427%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.15	−0.634%	$126K	$471K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.01	−0.356%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	307.02	−0.676%	$688	$680K	5x	as long as short
Aster TAOUSDT	+0.0170%	4h	307.31	−0.582%	$1.2M	$9.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0170% / S +0.0099%	1h	307.65	−0.473%	$417K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0171%	1h	307.96	−0.372%	$5.5M	$20.3M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0184%	1h	307.94	−0.379%	$15K	$1.5M	25x	as long as short
Bullet TAO-USD	+0.0229%	1h	307.93	−0.382%	$12K	$17K	20x	as long as short
Polymarket Perps TAO-USD	+0.0240%	1h	308.16	−0.307%	$77K	$643K	5x	as long as short
Paradex TAO-USD-PERP	+0.0275%	8h	307.24	−0.605%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0285%	1h	307.43	−0.543%	$363K	$378K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	307.49	−0.524%	$81K	$551K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.16	+0.663%	$4.4M	$10.7M	100x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	315.63	+2.109%	$23K	$2K	12x	as long as short
Phemex TAOUSDT	+0.0555%	4h	307.99	−0.362%	$3.3M	$8.0M	50x	as long as short
Phoenix TAO	+0.0588%	1h	308.80	−0.100%	$323K	$681K	5x	as long as short
Nado TAO-PERP	+0.0591%	1h	306.54	−0.832%	$746K	$2.1M	10x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	307.16	−0.631%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	308.09	−0.328%	$354	—	20x	as long as short
Variational Omni TAO	+0.0734%	4h	308.15	−0.311%	$5.3M	$8.9M	—	as long as short
BingX TAO-USDT	+0.0736%	4h	307.31	−0.582%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0774%	4h	306.53	−0.835%	$62.6M	$135.6M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0855%	1h	308.38	−0.236%	$312K	$814K	10x	as long as short
Extended TAO-USD	+0.0968%	1h	307.18	−0.624%	$885K	$2.4M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	308.15	−0.311%	$1.4M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	307.17	−0.629%	$409K	$604K	5x	as long as short
Hyperliquid TAO	+0.1250%	1h	308.17	−0.306%	$97.6M	$93.2M	5x	as long as short
Lighter TAO	+0.1384%	1h	307.78	−0.430%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.3743%	1h	312.40	+1.064%	$166K	$40K	10x	as long as short