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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 06:00 UTC+0.0383%/8h= +42.0% APRpaid last 24h +0.015%
Price spread now: Arcus against KuCoin+0.226%7-day average +0.070% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$530.527% of the position
Long on KuCoinShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.023%+$2 on $10k
Price spread, last 4 days (all we have)−0.164%−$16 · spread now +0.226%, 7d avg +0.070%
Together, before fees−0.141%−$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Arcus is 0.156% dearer against KuCoin than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.070%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.023% in total (about 2.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TAOUSDTM314.300.0100pay 0.0050% / 4h2h 34m$17.4M$31.4M75x
ShortArcus TAO-USD315.010.0483get 0.0060% / 1h34m 02s$101K$370K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus 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

Funding earned
$80.49
Price spread: +0.226% → +0.070%
$15.58
Slippage, 4 orders
−$36.24
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
$43.33
Costs to cover
0.527%
Break-even
3.2 days
Slippage from KuCoin: live order book, 10 min ago; Arcus: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 10 min ago2.07 bp13.3 bp −$1329.9 bp −$29999.1 bp −$9,906doesn't fit
Sell Arcus live order book, 15 min ago6.85 bp10.4 bp −$1023.5 bp −$235doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h314.03−0.087%$20K—150xas long as short
dYdX TAO-USD+0.0039%1h314.72+0.134%$125K$85K5xas long as short
Binance TAOUSDT+0.0100%4h314.03−0.086%$90.1M$507.5M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h313.90−0.127%$26.3M$122.3M50xas long as short
Bulk TAO-USD+0.0100%1h314.32+0.006%$167K$33310xas long as short
Gate TAO_USDT+0.0100%4h313.90−0.127%$13.9M$50.8M50xas long as short
MEXC TAO_USDT+0.0100%4h314.27−0.010%$107.5M$145.5M300xas long as short
KuCoin TAOUSDTMlong+0.0100%4h314.30long leg$17.4M$31.4M75x
Bitget TAOUSDT+0.0100%4h313.41−0.283%$35.3M$57.0M50xas long as short
edgeX TAOUSDC+0.0100%4h313.69−0.195%$41K$315K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Polymarket Perps TAO-USD+0.0100%1h314.32+0.006%$90K$920K5xas long as short
SunX TAO-USDT+0.0100%4h313.97−0.105%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h314.24−0.019%$113K$553K20xas long as short
Katana Perps TAO-USD+0.0103%8h314.61+0.099%$644$907K5xas long as short
Aevo TAO-PERP+0.0104%1h314.42+0.037%$173K$9983xas long as short
Orderly PERP_TAO_USDC+0.0124%4h314.24−0.019%$52K$290K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0130% / S +0.0139%1h313.92−0.120%$421K—100xas long as short
Phemex TAOUSDT+0.0135%4h314.22−0.025%$3.2M$8.0M50xas long as short
Popdex TAOUSDT+0.0184%1h314.45+0.048%$50K$665K20xas long as short
Aster TAOUSDT+0.0199%4h314.31+0.003%$1.3M$10.6M50xas long as short
Pacifica TAO+0.0233%1h315.03+0.231%$359K$419K10xas long as short
Nado TAO-PERP+0.0256%1h314.67+0.119%$777K$2.2M10xas long as short
Paradex TAO-USD-PERP+0.0265%8h315.10+0.255%$14K$1K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0296%1h314.13−0.054%$10K$1.8M25xas long as short
Kraken Futures PF_TAOUSD+0.0303%1h314.38+0.025%$5.9M$21.4M50xas long as short
GRVT TAO_USDT_Perp+0.0306%4h313.96−0.108%$533K$935K10xas long as short
Bullet TAO-USD+0.0333%1h314.35+0.016%$12K$17K20xas long as short
ApeX Omni TAOUSDT+0.0338%1h313.52−0.248%$44K$257K50xas long as short
BloFin TAO-USDT+0.0340%4h315.94+0.522%$4.6M$11.0M100xas long as short
BingX TAO-USDT+0.0426%4h314.12−0.057%—$33.7M—as long as short
Variational Omni TAO+0.0431%4h314.95+0.206%$5.5M$10.1M—as long as short
Extended TAO-USD+0.0456%1h313.74−0.177%$904K$2.4M25xas long as short
Bybit TAOUSDT+0.0462%4h314.07−0.073%$68.2M$152.3M50xas long as short
Arcus TAO-USDshort+0.0483%1h315.01+0.226%$101K$370K5x
Phoenix TAO+0.0513%1h314.00−0.095%$312K$713K5xas long as short
Reya TAORUSDPERP+0.0697%1h314.43+0.043%$362—20xas long as short
01 Exchange TAOUSD+0.0776%1h314.62+0.102%$3K$4K5xas long as short
Hyperliquid TAO+0.0796%1h314.41+0.035%$91.9M$108.8M5xas long as short
Lighter TAO+0.0800%1h314.56+0.083%$1.5M$6.6M5xas long as short
Backpack TAO_USDC_PERP+0.0829%1h314.19−0.035%$310K$889K10xas long as short
Coinbase International TAO-PERP-INTX+0.0928%1h316.22+0.611%$1.5M$6.8M50xas long as short
RISEx TAO/USDC+0.0948%1h314.58+0.091%$456K$651K5xas long as short
Injective TAO/USDC PERP+0.3711%1h317.66+1.069%$23K$2K12xas long as short