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: KuCoin against Binance+0.012%7-day average +0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$570.572% of the position

Long on Binance Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.037%+$4 on $10k

Price spread, last 7 days+0.002%$0 · spread now +0.012%, 7d avg +0.010%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	319.80	0.0100	pay 0.0050% / 4h	3h 35m	$92.1M	$445.7M	75x
Short	KuCoin TAOUSDTM	319.84	0.0100	get 0.0050% / 4h	3h 35m	$18.3M	$29.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Binance. 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 BinancebpFee KuCoinbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → +0.010%: $0.16
Slippage, 4 orders: −$35.24
Fee Binance: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$57.08
Costs to cover: 0.572%
Break-even: never at this rate

Slippage from Binance: live order book, 8 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 Binance live order book, 8 min ago	0.62 bp	9.4 bp −$9	17.1 bp −$171	35.3 bp −$3,527	doesn't fit
Sell KuCoin live order book, 3 min ago	3.16 bp	17.5 bp −$18	31.9 bp −$319	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
Bulk TAO-USD	−0.1322%	1h	319.84	+0.012%	$170K	$44K	10x	as long as short
Phemex TAOUSDT	−0.0658%	4h	319.31	−0.154%	$3.5M	$7.9M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	319.25	−0.173%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.70	−0.032%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.26	−0.170%	$43K	$586K	20x	as long as short
Binance TAOUSDTlong	+0.0100%	4h	319.80	long leg	$92.1M	$445.7M	75x
OKX TAO-USDT-SWAP	+0.0100%	8h	319.70	−0.032%	$26.2M	$108.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.60	−0.064%	$13.0M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	319.84	+0.012%	$107.6M	$134.0M	300x	as long as short
KuCoin TAOUSDTMshort	+0.0100%	4h	319.84	+0.012%	$18.3M	$29.1M	75x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	319.09	−0.223%	$35.6M	$50.1M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	318.20	−0.500%	$40K	$292K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.52	−1.026%	$524K	$960K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	319.83	+0.008%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.90	+0.030%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.06	+0.080%	$128K	$424K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	320.33	+0.164%	$176K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0122%	8h	319.34	−0.145%	$2K	$615K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0089%	1h	319.76	−0.014%	$463K	—	100x	as long as short
Bullet TAO-USD	+0.0174%	1h	320.09	+0.090%	$12K	$18K	20x	as long as short
Pacifica TAO	+0.0185%	1h	319.84	+0.012%	$379K	$374K	10x	as long as short
ApeX Omni TAOUSDT	+0.0192%	1h	318.59	−0.379%	$48K	$266K	50x	as long as short
Arcus TAO-USD	+0.0201%	1h	319.88	+0.024%	$85K	$550K	5x	as long as short
Aster TAOUSDT	+0.0228%	4h	319.72	−0.026%	$1.1M	$8.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0238%	8h	319.71	−0.029%	$15K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0247%	1h	320.03	+0.069%	$18K	$1.6M	25x	as long as short
Polymarket Perps TAO-USD	+0.0310%	1h	319.65	−0.048%	$94K	$638K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.91	+0.033%	$4.5M	$10.9M	100x	as long as short
Bybit TAOUSDT	+0.0364%	4h	320.04	+0.074%	$65.7M	$132.6M	50x	as long as short
Variational Omni TAO	+0.0398%	4h	320.33	+0.163%	$5.6M	$8.7M	—	as long as short
BingX TAO-USDT	+0.0428%	4h	319.68	−0.039%	—	$30.5M	—	as long as short
Kraken Futures PF_TAOUSD	+0.0479%	1h	319.81	+0.002%	$5.8M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	317.50	−0.720%	$332K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	318.09	−0.536%	$23K	$665	12x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	319.75	−0.017%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	319.52	−0.088%	$367	—	20x	as long as short
Nado TAO-PERP	+0.0778%	1h	318.91	−0.279%	$891K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0890%	1h	319.98	+0.055%	$323K	$819K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.95	+0.046%	$1.5M	$6.2M	50x	as long as short
Extended TAO-USD	+0.1120%	1h	320.14	+0.105%	$934K	$2.2M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	319.73	−0.022%	$425K	$600K	5x	as long as short
Lighter TAO	+0.1528%	1h	320.00	+0.063%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2416%	1h	320.11	+0.096%	$103.4M	$90.6M	5x	as long as short