Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0876%/8h= −95.9% APRpaid last 24h −0.050%
Price spread now: KuCoin against Extended+0.194%7-day average +0.045% · you sell dearer than you buy
Net, funding: paid 7d − costs−$56as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$450.450% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.114%−$11 on $10k
Price spread, last 7 days−0.163%−$16 · spread now +0.194%, 7d avg +0.045%
Together, before fees−0.278%+ Points / potential airdropExtended: Active · farm board−$28 on $10k · with fees, hour by hour
The price spread pays, funding is against you. KuCoin is 0.149% dearer against Extended than usual: you sell high and buy low (spread +0.194% now, against its 7-day average of +0.045%): +$15 on $10k if it goes back. Holding the pair costs −$26 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 7 days (−0.114% in total) that is about 9.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.114% in total (about -6.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended TAO-USD308.630.0976pay 0.0122% / 1h43m 15s$890K$2.4M25x
ShortKuCoin TAOUSDTM309.230.0100get 0.0050% / 4h2h 43m$17.9M$30.0M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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

Funding earned
−$183.96
Price spread: +0.194% → +0.045%
$14.91
Slippage, 4 orders
−$27.98
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$214.03
Costs to cover
0.450%
Break-even
never at this rate
Slippage from Extended: live order book, 5 min ago; KuCoin: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 5 min ago2.09 bp7.2 bp −$79.1 bp −$91doesn't fitdoesn't fit
Sell KuCoin live order book, 11 min ago2.09 bp20.2 bp −$2040.9 bp −$409doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h308.91+0.091%$123K$87K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0002%1h308.57−0.020%$12K150xas long as short
Popdex TAOUSDT+0.0096%1h309.19+0.181%$46K$605K20xas long as short
Deribit TAO_USDC-PERPETUAL+0.0096%1h308.53−0.031%$15K$1.5M25xas long as short
Binance TAOUSDT+0.0100%4h308.41−0.071%$89.0M$458.2M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h308.10−0.172%$25.2M$107.8M50xas long as short
Gate TAO_USDT+0.0100%4h308.80+0.055%$12.6M$49.6M50xas long as short
MEXC TAO_USDT+0.0100%4h309.07+0.142%$101.6M$136.9M300xas long as short
KuCoin TAOUSDTMshort+0.0100%4h309.23+0.194%$17.9M$30.0M75x
Bitget TAOUSDT+0.0100%4h308.39−0.078%$34.3M$52.4M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h309.63+0.323%$34K$300K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h309.02+0.127%$515K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h309.89+0.408%$46K$267K50xas long as short
Orderly PERP_TAO_USDC+0.0100%4h308.47−0.052%$56K$284K10xas long as short
SunX TAO-USDT+0.0100%4h308.86+0.074%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h309.08+0.146%$127K$470K20xas long as short
Aevo TAO-PERP+0.0104%1h309.75+0.363%$170K$9983xas long as short
Katana Perps TAO-USD+0.0116%8h309.36+0.236%$1K$674K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0170% / S +0.0092%1h308.630.000%$426K100xas long as short
Kraken Futures PF_TAOUSD+0.0171%1h308.45−0.058%$5.5M$20.3M50xas long as short
Aster TAOUSDT+0.0172%4h308.80+0.055%$1.3M$9.1M50xas long as short
Bullet TAO-USD+0.0241%1h309.08+0.147%$12K$17K20xas long as short
Polymarket Perps TAO-USD+0.0262%1h309.06+0.139%$77K$643K5xas long as short
Paradex TAO-USD-PERP+0.0274%8h309.34+0.228%$14K$1K10xas long as short
Pacifica TAO+0.0285%1h309.31+0.220%$365K$378K10xas long as short
Arcus TAO-USD+0.0337%1h309.48+0.275%$82K$551K5xas long as short
BloFin TAO-USDT+0.0340%4h311.16+0.820%$4.4M$10.7M100xas long as short
Phemex TAOUSDT+0.0412%4h308.20−0.139%$3.4M$8.0M50xas long as short
Injective TAO/USDC PERP+0.0470%1h315.63+2.268%$23K$2K12xas long as short
Nado TAO-PERP+0.0573%1h308.96+0.108%$756K$2.1M10xas long as short
Phoenix TAO+0.0588%1h309.80+0.379%$324K$681K5xas long as short
01 Exchange TAOUSD+0.0664%1h309.75+0.363%$3K$4K5xas long as short
Variational Omni TAO+0.0696%4h309.05+0.135%$5.4M$8.8Mas long as short
Reya TAORUSDPERP+0.0696%1h309.01+0.123%$35520xas long as short
BingX TAO-USDT+0.0740%4h309.07+0.142%$30.9Mas long as short
Bybit TAOUSDT+0.0779%4h308.59−0.013%$63.1M$135.4M50xas long as short
Backpack TAO_USDC_PERP+0.0853%1h309.75+0.363%$313K$814K10xas long as short
Extended TAO-USDlong+0.0976%1h308.63long leg$890K$2.4M25x
Coinbase International TAO-PERP-INTX+0.1024%1h309.88+0.405%$1.5M$6.3M50xas long as short
RISEx TAO/USDC+0.1132%1h309.36+0.235%$411K$605K5xas long as short
Hyperliquid TAO+0.1287%1h309.37+0.240%$98.1M$93.0M5xas long as short
Lighter TAO+0.1392%1h308.93+0.098%$1.6M$6.0M5xas long as short
Bulk TAO-USD+0.3743%1h312.40+1.221%$166K$40K10xas long as short