Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0071%/8h= −7.8% APRpaid last 24h −0.120%

Price spread now: MEXC against Kraken Futures+0.088%7-day average −0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on Kraken Futures Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.264%−$26 on $10k

Price spread, last 3 days (all we have)−0.164%−$16 · spread now +0.088%, 7d avg −0.055%

Together, before fees−0.428%−$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.143% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.088% now, against its 7-day average of −0.055%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TAOUSD	307.96	0.0171	pay 0.0021% / 1h	41m 03s	$5.5M	$20.3M	50x
Short	MEXC TAO_USDT	308.23	0.0100	get 0.0050% / 4h	2h 41m	$102.6M	$137.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Kraken Futures. 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 Kraken FuturesbpFee MEXCbpOrdersPrice spread, now +0.088%Rate

Funding earned: −$15.01
Price spread: +0.088% → −0.055%: $14.26
Slippage, 4 orders: −$25.81
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$36.56
Costs to cover: 0.358%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; MEXC: live order book, 3 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 Kraken Futures live order book, 3 min ago	8.40 bp	15.8 bp −$16	25.7 bp −$257	102.8 bp −$10.3K	doesn't fit
Sell MEXC live order book, 3 min ago	1.62 bp	2.9 bp −$3	9.7 bp −$97	25.2 bp −$2,519	86.0 bp −$43.0K

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	308.00	+0.013%	$123K	$87K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	307.63	−0.106%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.08	+0.039%	$45K	$606K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	308.23	+0.088%	$88.9M	$459.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.30	+0.111%	$25.2M	$108.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	308.00	+0.013%	$12.5M	$49.6M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	308.23	+0.088%	$102.6M	$137.4M	300x
KuCoin TAOUSDTM	+0.0100%	4h	308.17	+0.068%	$17.9M	$30.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.32	+0.117%	$34.5M	$52.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.15	+0.385%	$34K	$298K	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_Perp	+0.0100%	4h	309.02	+0.345%	$515K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.11	+0.374%	$46K	$268K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.00	+0.013%	$56K	$283K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.79	−0.055%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.15	−0.263%	$126K	$471K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.01	+0.016%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	308.10	+0.046%	$630	$678K	5x	as long as short
Aster TAOUSDT	+0.0166%	4h	308.06	+0.033%	$1.2M	$9.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0170% / S +0.0099%	1h	307.65	−0.101%	$417K	—	100x	as long as short
Kraken Futures PF_TAOUSDlong	+0.0171%	1h	307.96	long leg	$5.5M	$20.3M	50x
Deribit TAO_USDC-PERPETUAL	+0.0184%	1h	307.94	−0.007%	$15K	$1.5M	25x	as long as short
Bullet TAO-USD	+0.0229%	1h	307.93	−0.010%	$12K	$17K	20x	as long as short
Polymarket Perps TAO-USD	+0.0240%	1h	308.16	+0.065%	$77K	$643K	5x	as long as short
Paradex TAO-USD-PERP	+0.0275%	8h	308.19	+0.075%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0285%	1h	308.17	+0.069%	$364K	$378K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	308.40	+0.143%	$81K	$551K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.16	+1.039%	$4.4M	$10.7M	100x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	315.63	+2.491%	$23K	$2K	12x	as long as short
Phemex TAOUSDT	+0.0555%	4h	307.99	+0.010%	$3.3M	$8.0M	50x	as long as short
Nado TAO-PERP	+0.0583%	1h	308.23	+0.087%	$752K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	308.80	+0.273%	$323K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	308.42	+0.150%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	308.09	+0.044%	$354	—	20x	as long as short
Variational Omni TAO	+0.0734%	4h	308.15	+0.061%	$5.3M	$8.9M	—	as long as short
BingX TAO-USDT	+0.0736%	4h	308.46	+0.163%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0810%	4h	308.49	+0.172%	$63.0M	$135.6M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0855%	1h	308.38	+0.137%	$312K	$814K	10x	as long as short
Extended TAO-USD	+0.0968%	1h	308.00	+0.013%	$885K	$2.4M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	308.15	+0.062%	$1.4M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	308.29	+0.107%	$410K	$604K	5x	as long as short
Hyperliquid TAO	+0.1268%	1h	308.73	+0.250%	$97.9M	$93.1M	5x	as long as short
Lighter TAO	+0.1376%	1h	308.64	+0.223%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.3743%	1h	312.40	+1.442%	$166K	$40K	10x	as long as short