TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.78 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bybit−0.054%7-day average −0.004% · 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−$60as in the Price arb table

costs, in and out, $10k−$550.552% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days+0.088%+$9 · spread now −0.054%, 7d avg −0.004%

Together, before fees+0.073%+$7 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.049% cheaper against Bybit than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	316.68	0.0256	pay 0.0128% / 4h	1h 02m	$69.5M	$156.0M	50x
Short	KuCoin TAOUSDTM	316.51	0.0100	get 0.0050% / 4h	1h 02m	$17.6M	$32.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.054%Rate

Funding earned: −$32.85
Price spread: −0.054% → −0.004%: −$4.94
Slippage, 4 orders: −$32.22
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$93
Costs to cover: 0.552%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 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 Bybit live order book, 1 min ago	0.16 bp	10.5 bp −$10	24.6 bp −$246	54.0 bp −$5,397	doesn't fit
Sell KuCoin live order book, 6 min ago	2.51 bp	15.0 bp −$15	29.8 bp −$298	79.5 bp −$7,946	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	−0.0237%	1h	320.94	+1.345%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	317.25	+0.180%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.21	+0.167%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.37	+0.218%	$43K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.60	−0.025%	$26.4M	$129.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.30	−0.120%	$14.3M	$52.5M	50x	as long as short
KuCoin TAOUSDTMshort	+0.0100%	4h	316.51	−0.054%	$17.6M	$32.3M	75x
Bitget TAOUSDT	+0.0100%	4h	316.37	−0.098%	$35.5M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.23	+0.805%	$46K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.32	+0.202%	$84K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	317.21	+0.167%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.99	+0.098%	$115K	$600K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	317.24	+0.177%	$1K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0112% / S +0.0154%	1h	317.06	+0.120%	$424K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	317.47	+0.251%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	317.31	+0.199%	$53K	$293K	10x	as long as short
Binance TAOUSDT	+0.0178%	4h	316.70	+0.005%	$91.9M	$528.6M	75x	as long as short
MEXC TAO_USDT	+0.0184%	4h	316.58	−0.032%	$106.9M	$152.0M	300x	as long as short
edgeX TAOUSDC	+0.0186%	4h	319.32	+0.834%	$42K	$319K	10x	as long as short
Paradex TAO-USD-PERP	+0.0237%	8h	317.48	+0.251%	$14K	$1K	10x	as long as short
Bybit TAOUSDTlong	+0.0256%	4h	316.68	long leg	$69.5M	$156.0M	50x
BingX TAO-USDT	+0.0272%	4h	316.49	−0.060%	—	$36.5M	—	as long as short
Bullet TAO-USD	+0.0301%	1h	317.52	+0.266%	$12K	$17K	20x	as long as short
Extended TAO-USD	+0.0344%	1h	316.46	−0.069%	$904K	$2.4M	25x	as long as short
Aster TAOUSDT	+0.0345%	4h	316.72	+0.012%	$1.3M	$11.0M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0356%	4h	318.52	+0.581%	$543K	$926K	10x	as long as short
BloFin TAO-USDT	+0.0418%	4h	317.35	+0.212%	$4.7M	$11.0M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0478%	1h	317.35	+0.211%	$15K	$2.0M	25x	as long as short
Variational Omni TAO	+0.0514%	4h	319.69	+0.950%	$5.7M	$10.2M	—	as long as short
Nado TAO-PERP	+0.0516%	1h	317.45	+0.242%	$787K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	317.41	+0.231%	$360K	$429K	10x	as long as short
Phoenix TAO	+0.0567%	1h	318.10	+0.448%	$317K	$709K	5x	as long as short
Lighter TAO	+0.0576%	1h	317.56	+0.278%	$1.6M	$6.9M	5x	as long as short
Hyperliquid TAO	+0.0583%	1h	316.81	+0.041%	$93.7M	$110.0M	5x	as long as short
Phemex TAOUSDT	+0.0611%	4h	317.42	+0.234%	$3.2M	$8.1M	50x	as long as short
01 Exchange TAOUSD	+0.0616%	1h	317.42	+0.234%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	317.68	+0.316%	$102K	$389K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0668%	1h	316.96	+0.088%	$295K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.40	+0.227%	$365	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.41	+1.178%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	317.27	+0.186%	$437K	$678K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1163%	1h	317.52	+0.264%	$5.9M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.52	+2.160%	$24K	$2K	12x	as long as short