Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against KuCoin+0.019%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$148as in the Funding arb table

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

costs, in and out, $10k−$1521.524% of the position

Long on KuCoin Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 3 days (all we have)+0.055%+$5 · spread now +0.019%, 7d avg +0.017%

Together, before fees+0.095%+$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	308.38	0.0100	pay 0.0050% / 4h	2h 06m	$18.9M	$26.7M	75x
Short	Aevo TAO-PERP	308.44	0.0104	get 0.0013% / 1h	6m 14s	$169K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against KuCoin. 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 KuCoinbpFee AevobpOrdersPrice spread, now +0.019%Rate

Funding earned: $0.84
Price spread: +0.019% → +0.017%: $0.23
Slippage, 4 orders: −$124.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$151.29
Costs to cover: 1.524%
Break-even: 1267.8 days

Slippage from KuCoin: live order book, 3 min ago; Aevo: live order book, 18 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 KuCoin live order book, 3 min ago	1.13 bp	19.8 bp −$20	39.0 bp −$390	110.2 bp −$11.0K	doesn't fit
Sell Aevo live order book, 18 min ago	41.20 bp	58.9 bp −$59	333.9 bp −$3,339	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	−0.0601%	1h	309.73	+0.438%	$203K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	308.27	−0.036%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	308.36	−0.006%	$26K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0017%	1h	308.22	−0.051%	$11K	$1.3M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.43	+0.016%	$43K	$528K	20x	as long as short
Pacifica TAO	+0.0100%	1h	308.48	+0.033%	$364K	$368K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	308.81	+0.139%	$86.6M	$405.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	308.66	+0.091%	$60.0M	$119.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.60	+0.071%	$25.5M	$93.8M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.93	+0.178%	$138K	$584K	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	308.40	+0.006%	$12.3M	$48.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	308.57	+0.062%	$119.1M	$126.6M	300x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	308.38	long leg	$18.9M	$26.7M	75x
Bitget TAOUSDT	+0.0100%	4h	308.14	−0.078%	$34.5M	$44.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	308.53	+0.049%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	307.99	−0.127%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	308.32	−0.018%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	309.18	+0.259%	$550K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.84	−0.175%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.62	+0.078%	$78K	$662K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.55	+0.055%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.41	+0.010%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.23	−0.049%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.58	+0.065%	$122K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	308.93	+0.178%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	308.44	+0.019%	$169K	$998	3x
Katana Perps TAO-USD	+0.0111%	8h	308.42	+0.013%	$2K	$456K	5x	as long as short
Paradex TAO-USD-PERP	+0.0159%	8h	308.46	+0.025%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0162%	4h	308.61	+0.074%	$1.1M	$7.6M	50x	as long as short
Phoenix TAO	+0.0234%	1h	308.80	+0.136%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0299%	1h	308.35	−0.009%	$851K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	309.54	+0.376%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0485% / S −0.0184%	1h	308.32	−0.020%	$453K	—	100x	as long as short
01 Exchange TAOUSD	+0.0544%	1h	308.75	+0.120%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	308.46	+0.027%	$355	—	20x	as long as short
Extended TAO-USD	+0.0768%	1h	308.26	−0.038%	$907K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0913%	1h	309.00	+0.201%	$384K	$754K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	311.63	+1.054%	$1.5M	$5.5M	50x	as long as short
Lighter TAO	+0.0976%	1h	309.14	+0.247%	$1.7M	$4.8M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1022%	1h	308.54	+0.052%	$6.4M	$19.1M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	308.67	+0.094%	$413K	$542K	5x	as long as short
Hyperliquid TAO	+0.1851%	1h	309.13	+0.243%	$96.9M	$77.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	+0.113%	$22K	$271	12x	as long as short