Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: KuCoin against GRVT−0.602%7-day average −0.012% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$112as in the Price arb table

costs, in and out, $10k−$530.534% of the position

Long on GRVT Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 4 days (all we have)−0.982%−$98 · spread now −0.602%, 7d avg −0.012%

Together, before fees−0.970%+ Points / potential airdropGRVT: Active · farm board−$97 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 0.590% cheaper against GRVT than usual: you would sell low and buy high, −$59 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TAO_USDT_Perp	311.49	0.0100	pay 0.0050% / 4h	2h 47m	$519K	$964K	10x
Short	KuCoin TAOUSDTM	309.61	0.0100	get 0.0050% / 4h	2h 47m	$18.0M	$30.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against GRVT. 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 GRVTbpFee KuCoinbpOrdersPrice spread, now −0.602%Rate

Funding earned: $0
Price spread: −0.602% → −0.012%: −$59.01
Slippage, 4 orders: −$32.45
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$112.45
Costs to cover: 0.534%
Break-even: never at this rate

Slippage from GRVT: live order book, 21 min ago; KuCoin: live order book, 7 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 GRVT live order book, 21 min ago	1.42 bp	11.4 bp −$11	17.8 bp −$178	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	2.09 bp	20.2 bp −$20	40.9 bp −$409	doesn't fit	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
dYdX TAO-USD	0.0000%	1h	309.14	−0.753%	$124K	$87K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	309.09	−0.769%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	309.64	−0.593%	$47K	$618K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	309.47	−0.647%	$88.8M	$459.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	309.30	−0.702%	$25.2M	$108.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	309.30	−0.702%	$12.6M	$49.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	309.60	−0.605%	$100.8M	$136.6M	300x	as long as short
KuCoin TAOUSDTMshort	+0.0100%	4h	309.61	−0.602%	$18.0M	$30.1M	75x
Bitget TAOUSDT	+0.0100%	4h	309.43	−0.660%	$34.4M	$52.3M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.23	−0.081%	$34K	$299K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perplong	+0.0100%	4h	311.49	long leg	$519K	$964K	10x
Orderly PERP_TAO_USDC	+0.0100%	4h	309.35	−0.686%	$56K	$318K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	309.99	−0.480%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.29	−0.384%	$127K	$473K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.31	−0.377%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0119%	8h	309.72	−0.567%	$634	$673K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0170%	1h	310.33	−0.372%	$5.6M	$20.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0170% / S +0.0092%	1h	309.12	−0.761%	$427K	—	100x	as long as short
Aster TAOUSDT	+0.0182%	4h	309.46	−0.650%	$1.3M	$9.1M	50x	as long as short
Bullet TAO-USD	+0.0223%	1h	309.64	−0.593%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERP	+0.0263%	8h	309.51	−0.634%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0285%	1h	309.62	−0.600%	$365K	$378K	10x	as long as short
ApeX Omni TAOUSDT	+0.0290%	1h	310.96	−0.169%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0299%	1h	309.58	−0.612%	$78K	$682K	5x	as long as short
Arcus TAO-USD	+0.0337%	1h	309.95	−0.493%	$82K	$551K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0339%	1h	310.07	−0.455%	$15K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.16	−0.105%	$4.4M	$10.7M	100x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	315.63	+1.330%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0561%	1h	309.58	−0.613%	$760K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	311.70	+0.069%	$326K	$681K	5x	as long as short
Phemex TAOUSDT	+0.0629%	4h	310.71	−0.249%	$3.4M	$7.9M	50x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	310.02	−0.471%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0682%	4h	311.59	+0.032%	$5.4M	$8.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	309.52	−0.630%	$356	—	20x	as long as short
BingX TAO-USDT	+0.0740%	4h	309.50	−0.638%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0785%	4h	309.66	−0.586%	$63.2M	$135.3M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0894%	1h	310.63	−0.275%	$314K	$816K	10x	as long as short
Extended TAO-USD	+0.0992%	1h	309.56	−0.619%	$891K	$2.4M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	311.28	−0.066%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	309.92	−0.503%	$411K	$604K	5x	as long as short
Hyperliquid TAO	+0.1295%	1h	309.99	−0.480%	$98.4M	$92.6M	5x	as long as short
Lighter TAO	+0.1432%	1h	309.85	−0.526%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.3743%	1h	312.40	+0.294%	$166K	$40K	10x	as long as short