Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin+0.403%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$540.543% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.037%−$4 on $10k

Price spread, last 7 days−0.424%−$42 · spread now +0.403%, 7d avg −0.010%

Together, before fees−0.461%−$46 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: Binance is 0.413% dearer against KuCoin than usual: you sell high and buy low, +$41 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	317.47	0.0100	pay 0.0050% / 4h	2h 03m	$18.1M	$30.4M	75x
Short	Binance TAOUSDT	318.75	0.0100	get 0.0050% / 4h	2h 03m	$91.9M	$466.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.403%Rate

Funding earned: $0
Price spread: +0.403% → −0.010%: $41.32
Slippage, 4 orders: −$32.34
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$13.02
Costs to cover: 0.543%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; Binance: live order book, 10 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, 5 min ago	2.86 bp	21.3 bp −$21	34.4 bp −$344	89.0 bp −$8,903	doesn't fit
Sell Binance live order book, 10 min ago	0.16 bp	9.4 bp −$9	15.8 bp −$158	36.0 bp −$3,603	doesn't fit

TAO on 42 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	−0.0185%	1h	315.28	−0.690%	$167K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	318.58	+0.350%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.73	−0.233%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.02	−0.142%	$44K	$644K	20x	as long as short
Binance TAOUSDTshort	+0.0100%	4h	318.75	+0.403%	$91.9M	$466.5M	75x
OKX TAO-USDT-SWAP	+0.0100%	8h	318.60	+0.356%	$26.4M	$115.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.90	+0.135%	$13.0M	$50.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	318.30	+0.261%	$114.9M	$140.6M	300x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	317.47	long leg	$18.1M	$30.4M	75x
Bitget TAOUSDT	+0.0100%	4h	318.52	+0.331%	$35.6M	$53.4M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.38	−0.344%	$36K	$300K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.06	−0.129%	$77K	$713K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.98	−0.154%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.81	−0.208%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.22	−0.079%	$130K	$471K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.29	−0.057%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.38	−0.027%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	316.80	−0.211%	$2K	$727K	5x	as long as short
ApeX Omni TAOUSDT	+0.0149%	1h	316.28	−0.375%	$47K	$253K	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0166% / S +0.0102%	1h	316.75	−0.228%	$431K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0167%	1h	317.16	−0.096%	$5.6M	$20.5M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0188%	4h	314.95	−0.795%	$519K	$957K	10x	as long as short
Bullet TAO-USD	+0.0233%	1h	316.93	−0.170%	$12K	$18K	20x	as long as short
Aster TAOUSDT	+0.0273%	4h	318.37	+0.284%	$1.2M	$9.3M	50x	as long as short
Pacifica TAO	+0.0285%	1h	318.87	+0.442%	$371K	$396K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	317.43	−0.013%	$100K	$489K	5x	as long as short
Paradex TAO-USD-PERP	+0.0365%	8h	317.05	−0.133%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0410%	1h	317.08	−0.123%	$15K	$1.6M	25x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	321.23	+1.184%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0533%	1h	317.00	−0.147%	$758K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	315.80	−0.526%	$330K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0664%	1h	317.10	−0.117%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	317.01	−0.144%	$365	—	20x	as long as short
Bybit TAOUSDT	+0.0739%	4h	318.85	+0.435%	$67.6M	$138.1M	50x	as long as short
BingX TAO-USDT	+0.0768%	4h	318.40	+0.293%	—	$31.0M	—	as long as short
Variational Omni TAO	+0.0857%	4h	316.54	−0.293%	$6.1M	$9.5M	—	as long as short
Extended TAO-USD	+0.0904%	1h	317.92	+0.142%	$901K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0923%	1h	317.81	+0.107%	$321K	$807K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.87	+0.126%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	317.04	−0.137%	$449K	$623K	5x	as long as short
Hyperliquid TAO	+0.1351%	1h	319.18	+0.540%	$100.4M	$97.2M	5x	as long as short
Lighter TAO	+0.1384%	1h	318.94	+0.464%	$1.7M	$6.1M	5x	as long as short