Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against BingX−0.277%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 7 days+0.289%+$29 · spread now −0.277%, 7d avg +0.016%

Together, before fees+0.233%+$23 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 0.293% cheaper against BingX than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	313.95	0.0100	pay 0.0050% / 4h	43m 00s	—	$30.2M	—
Short	KuCoin TAOUSDTM	313.08	0.0100	get 0.0050% / 4h	43m 00s	$19.0M	$27.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now −0.277%Rate

Funding earned: $0
Price spread: −0.277% → +0.016%: −$29.27
Slippage, 4 orders: −$29.11
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$80.38
Costs to cover: 0.511%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; KuCoin: live order book, 6 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 BingX live order book, 11 min ago	0.48 bp	5.6 bp −$6	12.6 bp −$126	34.8 bp −$3,479	135.0 bp −$67.5K
Sell KuCoin live order book, 6 min ago	1.27 bp	21.0 bp −$21	28.3 bp −$283	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	−0.4722%	1h	314.01	+0.020%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.08	−0.277%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.05	−0.288%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.39	+0.140%	$23K	$260	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.18	−0.245%	$40K	$551K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.23	−0.229%	$371K	$372K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.00	+0.015%	$88.8M	$424.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.11	+0.051%	$61.5M	$123.8M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.90	−0.016%	$25.1M	$100.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.50	−0.143%	$12.7M	$49.2M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	313.80	−0.048%	$120.2M	$127.4M	300x	as long as short
KuCoin TAOUSDTMshort	+0.0100%	4h	313.08	−0.277%	$19.0M	$27.7M	75x
Bitget TAOUSDT	+0.0100%	4h	313.75	−0.064%	$35.0M	$46.4M	50x	as long as short
BingX TAO-USDTlong	+0.0100%	4h	313.95	long leg	—	$30.2M	—
edgeX TAOUSDC	+0.0100%	4h	312.83	−0.355%	$40K	$281K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.31	−0.202%	$528K	$948K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.10	−0.271%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.56	−0.124%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.16	−0.252%	$128K	$395K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.58	−0.118%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.32	−0.201%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.06	−0.283%	$829	$539K	5x	as long as short
Polymarket Perps TAO-USD	+0.0146%	1h	313.56	−0.124%	$77K	$521K	5x	as long as short
Bullet TAO-USD	+0.0147%	1h	313.49	−0.145%	$11K	$17K	20x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.43	−0.166%	$83K	$626K	5x	as long as short
Variational Omni TAO	+0.0188%	4h	313.49	−0.148%	$3.9M	$7.0M	—	as long as short
Paradex TAO-USD-PERP	+0.0189%	8h	313.13	−0.260%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0208%	4h	313.73	−0.070%	$1.1M	$7.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0226%	1h	312.79	−0.369%	$47K	$270K	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0339%	1h	313.12	−0.266%	$19K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0351%	4h	312.54	−0.449%	$4.3M	$10.2M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0448%	1h	313.66	−0.092%	$5.8M	$19.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0475% / S −0.0175%	1h	313.09	−0.275%	$449K	—	100x	as long as short
Nado TAO-PERP	+0.0529%	1h	313.15	−0.256%	$834K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.60	−0.430%	$327K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0578%	1h	314.00	+0.016%	$301K	$799K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.40	−0.176%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0792%	1h	313.44	−0.162%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0880%	1h	313.89	−0.020%	$863K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	313.92	−0.010%	$1.5M	$5.8M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.38	−0.180%	$431K	$536K	5x	as long as short
Lighter TAO	+0.1432%	1h	314.17	+0.071%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.2048%	1h	314.39	+0.140%	$97.9M	$83.3M	5x	as long as short