Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: ApeX Omni against KuCoin+0.513%52s7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$590.587% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.034%+$3 on $10k

Price spread, last 4 days (all we have)−0.376%−$38 · spread now +0.513%, 7d avg +0.026%

Together, before fees−0.342%−$34 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: ApeX Omni is 0.488% dearer against KuCoin than usual: you sell high and buy low, +$49 on $10k if it goes back to its 7-day average of +0.026%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	317.60	0.0100	pay 0.0050% / 4h	1h 00m	$17.8M	$32.4M	75x
Short	ApeX Omni TAOUSDT	319.23	0.0100	get 0.0013% / 1h	0m 37s	$46K	$260K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.513%Rate

Funding earned: $0
Price spread: +0.513% → +0.026%: $48.76
Slippage, 4 orders: −$36.65
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$9.89
Costs to cover: 0.587%
Break-even: never at this rate

Slippage from KuCoin: live order book, 8 min ago; ApeX Omni: live order book, 41 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, 8 min ago	2.51 bp	20.3 bp −$20	37.2 bp −$372	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 41 min ago	4.38 bp	11.9 bp −$12	115.4 bp −$1,154	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	317.01	−0.186%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.79	−0.254%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.04	−0.176%	$43K	$707K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.60	0.000%	$26.5M	$129.7M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	317.85	+0.078%	$169K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.40	−0.063%	$14.3M	$52.5M	50x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	317.60	long leg	$17.8M	$32.4M	75x
Bitget TAOUSDT	+0.0100%	4h	317.36	−0.076%	$35.7M	$58.0M	50x	as long as short
ApeX Omni TAOUSDTshort	+0.0100%	1h	319.23	+0.513%	$46K	$260K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	316.98	−0.195%	$84K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	316.89	−0.224%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.85	−0.236%	$115K	$602K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	317.51	−0.028%	$983	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0112% / S +0.0155%	1h	316.80	−0.253%	$424K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	317.11	−0.153%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0133%	4h	317.20	−0.126%	$53K	$293K	10x	as long as short
Binance TAOUSDT	+0.0169%	4h	317.42	−0.055%	$92.1M	$528.8M	75x	as long as short
MEXC TAO_USDT	+0.0170%	4h	317.62	+0.006%	$107.2M	$152.0M	300x	as long as short
edgeX TAOUSDC	+0.0185%	4h	317.44	−0.049%	$42K	$319K	10x	as long as short
Paradex TAO-USD-PERP	+0.0231%	8h	317.87	+0.084%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0253%	4h	317.70	+0.031%	$69.6M	$156.1M	50x	as long as short
BingX TAO-USDT	+0.0256%	4h	317.66	+0.019%	—	$36.7M	—	as long as short
Bullet TAO-USD	+0.0298%	1h	317.44	−0.051%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0329%	4h	317.22	−0.120%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0336%	1h	317.54	−0.019%	$904K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0336%	4h	316.65	−0.301%	$540K	$926K	10x	as long as short
BloFin TAO-USDT	+0.0412%	4h	317.47	−0.041%	$4.7M	$11.0M	100x	as long as short
Variational Omni TAO	+0.0502%	4h	317.43	−0.054%	$5.6M	$10.2M	—	as long as short
Nado TAO-PERP	+0.0514%	1h	317.28	−0.102%	$786K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	317.42	−0.056%	$360K	$429K	10x	as long as short
Phoenix TAO	+0.0567%	1h	317.40	−0.063%	$316K	$709K	5x	as long as short
Lighter TAO	+0.0568%	1h	317.48	−0.037%	$1.6M	$6.9M	5x	as long as short
Hyperliquid TAO	+0.0580%	1h	317.46	−0.044%	$93.9M	$110.1M	5x	as long as short
01 Exchange TAOUSD	+0.0608%	1h	317.91	+0.098%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0609%	1h	317.25	−0.112%	$15K	$2.0M	25x	as long as short
Arcus TAO-USD	+0.0641%	1h	317.93	+0.104%	$102K	$389K	5x	as long as short
Phemex TAOUSDT	+0.0645%	4h	317.52	−0.025%	$3.2M	$8.2M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0666%	1h	317.46	−0.044%	$296K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.07	−0.168%	$365	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	317.68	+0.025%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	317.60	0.000%	$438K	$677K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1162%	1h	317.56	−0.012%	$5.9M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.52	+1.864%	$24K	$2K	12x	as long as short