Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: KuCoin against Bitget−0.065%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$540.542% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$1 on $10k

Price spread, last 7 days+0.037%+$4 · spread now −0.065%, 7d avg +0.024%

Together, before fees+0.022%+$2 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 0.090% cheaper against Bitget than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TAOUSDT	322.27	0.0100	pay 0.0050% / 4h	10m 26s	$36.5M	$52.9M	50x
Short	KuCoin TAOUSDTM	322.06	0.0100	get 0.0050% / 4h	10m 26s	$17.9M	$30.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.065%Rate

Funding earned: $0
Price spread: −0.065% → +0.024%: −$8.96
Slippage, 4 orders: −$30.18
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$63.14
Costs to cover: 0.542%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; KuCoin: live order book, 12 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 Bitget live order book, 2 min ago	1.56 bp	12.8 bp −$13	23.8 bp −$238	doesn't fit	doesn't fit
Sell KuCoin live order book, 12 min ago	0.47 bp	18.0 bp −$18	30.3 bp −$303	80.9 bp −$8,088	doesn't fit

TAO on 43 exchanges

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	322.29	+0.006%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.24	−0.009%	$60K	$610K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.40	+0.040%	$27.7M	$127.2M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	319.24	−0.941%	$169K	$662	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	321.90	−0.115%	$16.8M	$47.7M	50x	as long as short
KuCoin TAOUSDTMshort	+0.0100%	4h	322.06	−0.065%	$17.9M	$30.1M	75x
Bitget TAOUSDTlong	+0.0100%	4h	322.27	long leg	$36.5M	$52.9M	50x
ApeX Omni TAOUSDT	+0.0100%	1h	319.09	−0.987%	$45K	$251K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.36	+0.028%	$68K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	320.07	−0.683%	$2K	$1.7M	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	319.54	−0.847%	$116K	$516K	20x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	322.31	+0.012%	$2K	$1.3M	5x	as long as short
Extended TAO-USD	+0.0104%	1h	322.35	+0.025%	$877K	$2.1M	25x	as long as short
Aevo TAO-PERP	+0.0120%	1h	320.64	−0.506%	$176K	$998	3x	as long as short
dYdX TAO-USD	+0.0135%	1h	321.56	−0.220%	$271K	$226K	5x	as long as short
MEXC TAO_USDT	+0.0144%	4h	322.32	+0.016%	$113.8M	$151.9M	300x	as long as short
Binance TAOUSDT	+0.0144%	4h	322.23	−0.012%	$96.1M	$498.9M	75x	as long as short
edgeX TAOUSDC	+0.0145%	4h	319.74	−0.784%	$42K	$324K	10x	as long as short
Bullet TAO-USD	+0.0170%	1h	322.53	+0.081%	$12K	$15K	20x	as long as short
Phemex TAOUSDT	+0.0187%	4h	320.16	−0.655%	$3.2M	$8.3M	50x	as long as short
Pacifica TAO	+0.0223%	1h	322.02	−0.079%	$390K	$449K	10x	as long as short
Paradex TAO-USD-PERP	+0.0231%	8h	322.48	+0.065%	$15K	$769	10x	as long as short
GRVT TAO_USDT_Perp	+0.0240%	4h	320.23	−0.633%	$542K	$782K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0255%	4h	320.31	−0.608%	$54K	$262K	10x	as long as short
Bybit TAOUSDT	+0.0255%	4h	322.22	−0.016%	$71.6M	$151.9M	50x	as long as short
BingX TAO-USDT	+0.0280%	4h	322.62	+0.109%	—	$36.7M	—	as long as short
Nado TAO-PERP	+0.0312%	1h	320.27	−0.621%	$666K	$1.9M	10x	as long as short
Aster TAOUSDT	+0.0330%	4h	322.50	+0.071%	$1.3M	$11.4M	50x	as long as short
BloFin TAO-USDT	+0.0384%	4h	320.42	−0.574%	$4.9M	$9.9M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0390% / S −0.0121%	1h	322.23	−0.013%	$391K	—	100x	as long as short
Lighter TAO	+0.0480%	1h	321.92	−0.107%	$1.7M	$6.8M	5x	as long as short
Hyperliquid TAO	+0.0485%	1h	322.72	+0.140%	$96.7M	$104.7M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0507%	1h	320.48	−0.556%	$19K	$1.8M	25x	as long as short
Variational Omni TAO	+0.0520%	4h	320.67	−0.497%	$6.6M	$9.8M	—	as long as short
Arcus TAO-USD	+0.0587%	1h	322.52	+0.078%	$102K	$285K	5x	as long as short
Phoenix TAO	+0.0636%	1h	319.70	−0.797%	$321K	$701K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0684%	1h	320.65	−0.503%	$305K	$1.1M	10x	as long as short
RISEx TAO/USDC	+0.0694%	1h	322.23	−0.014%	$431K	$652K	5x	as long as short
Reya TAORUSDPERP	+0.0700%	1h	322.44	+0.054%	$371	—	20x	as long as short
01 Exchange TAOUSD	+0.0712%	1h	322.74	+0.146%	$3K	$2K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0728%	1h	320.76	−0.469%	$1.1M	$7.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0843%	1h	320.53	−0.539%	$6.4M	$19.2M	50x	as long as short
Injective TAO/USDC PERP	+0.4136%	1h	322.02	−0.078%	$23K	$2K	12x	as long as short