Funding arb · Price arb /

TAO

all TAO markets

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 0.000%

Price spread now: KuCoin against Gate+0.040%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

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

costs, in and out, $10k−$640.645% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.011%−$1 · spread now +0.040%, 7d avg +0.030%

Together, before fees−0.010%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	322.30	0.0100	pay 0.0050% / 4h	10m 03s	$16.9M	$47.7M	50x
Short	KuCoin TAOUSDTM	322.43	0.0100	get 0.0050% / 4h	10m 03s	$17.9M	$30.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.030%: $1.01
Slippage, 4 orders: −$37.5
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$63.48
Costs to cover: 0.645%
Break-even: never at this rate

Slippage from Gate: live order book, 2 min ago; KuCoin: live order book, 2 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 Gate live order book, 2 min ago	3.12 bp	16.8 bp −$17	40.4 bp −$404	60.6 bp −$6,058	95.1 bp −$47.5K
Sell KuCoin live order book, 2 min ago	3.28 bp	17.2 bp −$17	33.5 bp −$335	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	322.29	−0.003%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.24	−0.019%	$60K	$610K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.10	+0.248%	$27.8M	$127.6M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	319.24	−0.950%	$169K	$662	10x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	322.30	long leg	$16.9M	$47.7M	50x
KuCoin TAOUSDTMshort	+0.0100%	4h	322.43	+0.040%	$17.9M	$30.1M	75x
Bitget TAOUSDT	+0.0100%	4h	322.61	+0.096%	$36.5M	$52.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.09	−0.996%	$45K	$251K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.36	+0.019%	$68K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	322.40	+0.031%	$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	322.08	−0.068%	$117K	$520K	20x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	322.31	+0.003%	$2K	$1.3M	5x	as long as short
Extended TAO-USD	+0.0104%	1h	322.50	+0.061%	$877K	$2.1M	25x	as long as short
Phemex TAOUSDT	+0.0120%	4h	322.21	−0.028%	$3.2M	$8.3M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	322.68	+0.118%	$177K	$998	3x	as long as short
dYdX TAO-USD	+0.0135%	1h	321.56	−0.230%	$271K	$226K	5x	as long as short
MEXC TAO_USDT	+0.0144%	4h	322.58	+0.087%	$114.6M	$152.0M	300x	as long as short
Binance TAOUSDT	+0.0144%	4h	323.17	+0.271%	$96.3M	$499.4M	75x	as long as short
edgeX TAOUSDC	+0.0145%	4h	319.74	−0.793%	$42K	$324K	10x	as long as short
Bullet TAO-USD	+0.0170%	1h	322.53	+0.071%	$12K	$15K	20x	as long as short
Pacifica TAO	+0.0223%	1h	322.02	−0.088%	$390K	$449K	10x	as long as short
Paradex TAO-USD-PERP	+0.0231%	8h	322.48	+0.056%	$15K	$769	10x	as long as short
GRVT TAO_USDT_Perp	+0.0240%	4h	320.23	−0.642%	$542K	$782K	10x	as long as short
Bybit TAOUSDT	+0.0255%	4h	323.18	+0.273%	$71.8M	$152.0M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0257%	4h	322.54	+0.074%	$54K	$262K	10x	as long as short
BingX TAO-USDT	+0.0280%	4h	322.63	+0.102%	—	$36.7M	—	as long as short
Nado TAO-PERP	+0.0312%	1h	320.27	−0.631%	$666K	$1.9M	10x	as long as short
Aster TAOUSDT	+0.0330%	4h	322.91	+0.189%	$1.3M	$11.4M	50x	as long as short
BloFin TAO-USDT	+0.0384%	4h	320.42	−0.583%	$4.9M	$9.9M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0390% / S −0.0121%	1h	322.23	−0.023%	$391K	—	100x	as long as short
Lighter TAO	+0.0480%	1h	322.64	+0.105%	$1.7M	$6.8M	5x	as long as short
Hyperliquid TAO	+0.0489%	1h	322.99	+0.214%	$96.8M	$104.7M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0512%	1h	322.56	+0.080%	$44K	$1.9M	25x	as long as short
Variational Omni TAO	+0.0520%	4h	320.67	−0.507%	$6.6M	$9.8M	—	as long as short
Arcus TAO-USD	+0.0587%	1h	322.52	+0.068%	$102K	$285K	5x	as long as short
Phoenix TAO	+0.0636%	1h	319.70	−0.807%	$321K	$701K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0689%	1h	322.87	+0.177%	$307K	$1.1M	10x	as long as short
RISEx TAO/USDC	+0.0694%	1h	322.23	−0.023%	$431K	$652K	5x	as long as short
Reya TAORUSDPERP	+0.0700%	1h	322.44	+0.045%	$371	—	20x	as long as short
01 Exchange TAOUSD	+0.0712%	1h	322.74	+0.137%	$3K	$2K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0728%	1h	322.82	+0.161%	$1.1M	$7.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0837%	1h	322.76	+0.142%	$6.5M	$19.4M	50x	as long as short
Injective TAO/USDC PERP	+0.4136%	1h	322.02	−0.087%	$23K	$2K	12x	as long as short