Funding arb · Price arb /

TAO

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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 HTX+0.056%7-day average +0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$142as in the Funding arb table

Net, price: spread back to 7d avg − costs−$152as in the Price arb table

costs, in and out, $10k−$1471.470% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now +0.056%, 7d avg +0.107%

Together, before fees−0.037%−$4 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 0.052% cheaper against HTX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.107%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	323.83	0.0100	pay 0.0050% / 4h	3h 00m	$117K	$552K	20x
Short	KuCoin TAOUSDTM	324.01	0.0100	get 0.0050% / 4h	3h 00m	$17.7M	$32.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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 HTXbpFee KuCoinbpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.107%: −$5.19
Slippage, 4 orders: −$123.03
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$152.23
Costs to cover: 1.470%
Break-even: never at this rate

Slippage from HTX: live order book, 33 min ago; KuCoin: live order book, 8 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 HTX live order book, 33 min ago	16.57 bp	89.7 bp −$90	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	0.93 bp	16.6 bp −$17	32.7 bp −$327	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
Bulk TAO-USD	−0.0241%	1h	318.85	−1.539%	$169K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	323.24	−0.182%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	324.32	+0.151%	$52K	$703K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	324.56	+0.225%	$71.5M	$154.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	324.10	+0.083%	$27.1M	$131.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.90	+0.022%	$15.5M	$51.1M	50x	as long as short
KuCoin TAOUSDTMshort	+0.0100%	4h	324.01	+0.056%	$17.7M	$32.2M	75x
Bitget TAOUSDT	+0.0100%	4h	324.21	+0.117%	$36.6M	$56.6M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	323.66	−0.052%	$89K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	323.20	−0.195%	$2K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDTlong	+0.0100%	4h	323.83	long leg	$117K	$552K	20x
Phemex TAOUSDT	+0.0100%	4h	323.15	−0.210%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	323.95	+0.037%	$663	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	323.45	−0.117%	$178K	$998	3x	as long as short
MEXC TAO_USDT	+0.0158%	4h	324.39	+0.173%	$106.1M	$156.6M	300x	as long as short
Binance TAOUSDT	+0.0158%	4h	324.31	+0.148%	$94.9M	$519.4M	75x	as long as short
BingX TAO-USDT	+0.0162%	4h	324.26	+0.133%	—	$38.9M	—	as long as short
edgeX TAOUSDC	+0.0164%	4h	321.70	−0.659%	$42K	$322K	10x	as long as short
Paradex TAO-USD-PERP	+0.0222%	8h	324.21	+0.118%	$15K	$876	10x	as long as short
Orderly PERP_TAO_USDC	+0.0244%	4h	323.39	−0.136%	$55K	$272K	10x	as long as short
Bullet TAO-USD	+0.0279%	1h	323.53	−0.093%	$13K	$17K	20x	as long as short
Extended TAO-USD	+0.0280%	1h	324.40	+0.177%	$979K	$2.2M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0284%	4h	321.52	−0.714%	$548K	$825K	10x	as long as short
ApeX Omni TAOUSDT	+0.0306%	1h	321.60	−0.689%	$45K	$256K	50x	as long as short
Aster TAOUSDT	+0.0322%	4h	324.20	+0.115%	$1.3M	$11.2M	50x	as long as short
Pacifica TAO	+0.0349%	1h	324.28	+0.140%	$377K	$439K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0369% / S −0.0109%	1h	323.08	−0.232%	$383K	—	100x	as long as short
Nado TAO-PERP	+0.0398%	1h	323.73	−0.032%	$762K	$2.0M	10x	as long as short
BloFin TAO-USDT	+0.0399%	4h	323.57	−0.080%	$4.8M	$11.0M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	324.62	+0.244%	$102K	$329K	5x	as long as short
Variational Omni TAO	+0.0522%	4h	323.77	−0.020%	$5.7M	$9.8M	—	as long as short
dYdX TAO-USD	+0.0564%	1h	324.07	+0.075%	$273K	$232K	5x	as long as short
Lighter TAO	+0.0568%	1h	324.25	+0.129%	$1.6M	$6.8M	5x	as long as short
Phoenix TAO	+0.0578%	1h	324.30	+0.145%	$326K	$714K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0630%	1h	323.31	−0.160%	$20K	$1.9M	25x	as long as short
01 Exchange TAOUSD	+0.0656%	1h	324.84	+0.312%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0693%	1h	324.42	+0.182%	$97.9M	$109.8M	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	323.36	−0.145%	$372	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0709%	1h	323.77	−0.019%	$321K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0769%	1h	323.53	−0.093%	$6.3M	$21.0M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	324.20	+0.113%	$443K	$711K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	324.31	+0.148%	$1.1M	$7.5M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	322.62	−0.374%	$23K	$2K	12x	as long as short