Funding you earn now, next payment 10:00 UTC+0.1180%/8h= +129.3% APRpaid last 24h +0.326%
Price spread now: KuCoin against Bulk−0.323%7-day average +0.123% · you buy dearer than you sell
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$430.434% of the position
Funding, last 4 days (all we have)+0.386%+$39 on $10k
+Price spread, last 4 days (all we have)+0.626%+$63 · spread now −0.323%, 7d avg +0.123%
=Funding pays, the price is against you. KuCoin is 0.446% cheaper against Bulk than usual: you would sell low and buy high (spread −0.323% now, against its 7-day average of +0.123%). If the spread goes back, that is −$45 on $10k: about 30 hours of funding at the current rate (+$35 a day). At the pace of the last 4 days (+0.386% in total) that is about 4.4 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.386% in total (about 36.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bulk TAO-USD | 318.61 | −0.1080 | get 0.0135% / 1h | 19m 12s | $169K | $0 | 10x |
| Short | KuCoin TAOUSDTM | 317.58 | 0.0100 | get 0.0050% / 4h | 2h 19m | $17.6M | $31.8M | 75x |
Bulk TAO-USD
KuCoin TAOUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Bulk. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $247.89
- Price spread: −0.323% → +0.123%
- −$44.59
- Slippage, 4 orders
- −$24.37
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- $159.93
- Costs to cover
- 0.434%
- Break-even
- 2.5 days
Slippage from Bulk: live order book, 32 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 Bulk live order book, 32 min ago | 0.47 bp | 5.5 bp −$6 | 9.4 bp −$94 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 3 min ago | 1.26 bp | 16.6 bp −$17 | 23.1 bp −$231 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USDlong | −0.1080% | 1h | 318.61 | long leg | $169K | $0 | 10x | |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 317.21 | −0.439% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 317.50 | −0.348% | $51K | $633K | 20x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 317.94 | −0.210% | $69.6M | $155.5M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.90 | −0.223% | $27.0M | $129.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.50 | −0.348% | $15.6M | $49.1M | 50x | as long as short |
| KuCoin TAOUSDTMshort | +0.0100% | 4h | 317.58 | −0.323% | $17.6M | $31.8M | 75x | |
| Bitget TAOUSDT | +0.0100% | 4h | 317.60 | −0.317% | $36.0M | $56.8M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 318.37 | −0.075% | $45K | $256K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 317.24 | −0.430% | $81K | $1.1M | 5x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 317.22 | −0.436% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.18 | −0.449% | $117K | $557K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 317.61 | −0.314% | $3.2M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0106% | 8h | 317.55 | −0.333% | $1K | $1.3M | 5x | as long as short |
| Aevo TAO-PERP | +0.0112% | 1h | 317.71 | −0.282% | $174K | $998 | 3x | as long as short |
| MEXC TAO_USDT | +0.0132% | 4h | 317.73 | −0.276% | $110.5M | $151.8M | 300x | as long as short |
| BingX TAO-USDT | +0.0132% | 4h | 317.89 | −0.226% | — | $39.0M | — | as long as short |
| Binance TAOUSDT | +0.0132% | 4h | 317.79 | −0.259% | $93.3M | $516.2M | 75x | as long as short |
| edgeX TAOUSDC | +0.0132% | 4h | 318.43 | −0.056% | $42K | $324K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0182% | 8h | 317.60 | −0.318% | $14K | $876 | 10x | as long as short |
| Extended TAO-USD | +0.0224% | 1h | 317.49 | −0.353% | $963K | $2.1M | 25x | as long as short |
| Orderly PERP_TAO_USDC | +0.0250% | 4h | 317.52 | −0.342% | $53K | $262K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0256% | 4h | 318.62 | +0.005% | $541K | $814K | 10x | as long as short |
| Pacifica TAO | +0.0301% | 1h | 317.72 | −0.279% | $371K | $448K | 10x | as long as short |
| Aster TAOUSDT | +0.0305% | 4h | 317.90 | −0.224% | $1.2M | $11.3M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0361% / S −0.0107% | 1h | 317.19 | −0.447% | $373K | — | 100x | as long as short |
| Arcus TAO-USD | +0.0364% | 1h | 318.01 | −0.188% | $100K | $325K | 5x | as long as short |
| Lighter TAO | +0.0368% | 1h | 318.00 | −0.192% | $1.6M | $6.7M | 5x | as long as short |
| BloFin TAO-USDT | +0.0372% | 4h | 317.79 | −0.257% | $4.9M | $10.5M | 100x | as long as short |
| Bullet TAO-USD | +0.0385% | 1h | 317.67 | −0.295% | $12K | $17K | 20x | as long as short |
| Variational Omni TAO | +0.0410% | 4h | 318.32 | −0.091% | $5.7M | $9.8M | — | as long as short |
| Nado TAO-PERP | +0.0448% | 1h | 317.67 | −0.294% | $712K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 319.00 | +0.122% | $321K | $712K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0587% | 1h | 317.51 | −0.344% | $14K | $1.9M | 25x | as long as short |
| dYdX TAO-USD | +0.0633% | 1h | 317.45 | −0.365% | $268K | $235K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0658% | 1h | 317.86 | −0.235% | $298K | $1.1M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0684% | 1h | 317.84 | −0.242% | $6.2M | $20.3M | 50x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 317.81 | −0.251% | $365 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0701% | 1h | 317.97 | −0.202% | $439K | $704K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0776% | 1h | 317.92 | −0.217% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0788% | 1h | 317.94 | −0.210% | $95.9M | $108.3M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0832% | 1h | 318.47 | −0.044% | $1.1M | $7.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3320% | 1h | 322.26 | +1.146% | $23K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
MEXC TAO_USDT
BingX TAO-USDT
Binance TAOUSDT
edgeX TAOUSDC
Paradex TAO-USD-PERP
Extended TAO-USD
Orderly PERP_TAO_USDC
GRVT TAO_USDT_Perp
Pacifica TAO
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Arcus TAO-USD
Lighter TAO
BloFin TAO-USDT
Bullet TAO-USD
Variational Omni TAO
Nado TAO-PERP
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
dYdX TAO-USD
Backpack TAO_USDC_PERP
Kraken Futures PF_TAOUSD
Reya TAORUSDPERP
RISEx TAO/USDC
01 Exchange TAOUSD
Hyperliquid TAO
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP