Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: BingX against KuCoin−0.198%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$510.509% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 7 days+0.185%+$19 · spread now −0.198%, 7d avg −0.016%

Together, before fees+0.241%+$24 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: BingX is 0.182% cheaper against KuCoin than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of −0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	313.67	0.0100	pay 0.0050% / 4h	26m 51s	$18.8M	$27.7M	75x
Short	BingX TAO-USDT	313.05	0.0100	get 0.0050% / 4h	26m 51s	—	$30.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.198%Rate

Funding earned: $0
Price spread: −0.198% → −0.016%: −$18.2
Slippage, 4 orders: −$28.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$69.06
Costs to cover: 0.509%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; BingX: live order book, 12 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, 2 min ago	2.07 bp	21.8 bp −$22	33.8 bp −$338	doesn't fit	doesn't fit
Sell BingX live order book, 12 min ago	0.64 bp	9.5 bp −$9	15.9 bp −$159	24.1 bp −$2,415	60.9 bp −$30.5K

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	−0.4493%	1h	315.57	+0.606%	$169K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.75	−0.293%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.20	−0.149%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.95	+0.408%	$23K	$361	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.10	−0.182%	$35K	$571K	20x	as long as short
Pacifica TAO	+0.0100%	1h	313.10	−0.182%	$371K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.10	−0.181%	$88.8M	$427.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.11	−0.179%	$61.4M	$125.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.90	−0.245%	$25.2M	$101.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.30	−0.118%	$12.5M	$49.9M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	313.34	−0.105%	$110.5M	$130.1M	300x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	313.67	long leg	$18.8M	$27.7M	75x
Bitget TAOUSDT	+0.0100%	4h	312.77	−0.287%	$34.9M	$46.6M	50x	as long as short
BingX TAO-USDTshort	+0.0100%	4h	313.05	−0.198%	—	$30.2M	—
edgeX TAOUSDC	+0.0100%	4h	313.93	+0.083%	$41K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.05	−0.198%	$519K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.77	+0.032%	$47K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	313.42	−0.080%	$11K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.33	−0.108%	$60K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.14	−0.169%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.59	−0.026%	$127K	$402K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.26	−0.131%	$3.3M	$7.9M	50x	as long as short
Polymarket Perps TAO-USD	+0.0102%	1h	313.58	−0.029%	$77K	$489K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.49	−0.057%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	313.10	−0.182%	$1K	$552K	5x	as long as short
Arcus TAO-USD	+0.0186%	1h	313.23	−0.140%	$83K	$586K	5x	as long as short
Paradex TAO-USD-PERP	+0.0191%	8h	312.91	−0.243%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0196%	4h	313.45	−0.071%	$1.1M	$7.9M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0196%	1h	313.29	−0.122%	$21K	$1.5M	25x	as long as short
Variational Omni TAO	+0.0200%	4h	313.88	+0.067%	$4.0M	$7.0M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.32	−0.112%	$4.4M	$10.5M	100x	as long as short
Nado TAO-PERP	+0.0441%	1h	313.20	−0.151%	$827K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0449%	1h	313.19	−0.152%	$5.7M	$19.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0476% / S −0.0175%	1h	313.18	−0.157%	$449K	—	100x	as long as short
Backpack TAO_USDC_PERP	+0.0524%	1h	313.66	−0.003%	$293K	$804K	10x	as long as short
Phoenix TAO	+0.0537%	1h	314.20	+0.169%	$329K	$521K	5x	as long as short
01 Exchange TAOUSD	+0.0632%	1h	313.23	−0.140%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.44	−0.074%	$360	—	20x	as long as short
Extended TAO-USD	+0.0856%	1h	313.49	−0.057%	$859K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	313.27	−0.128%	$1.5M	$5.8M	50x	as long as short
Lighter TAO	+0.1232%	1h	313.73	+0.018%	$1.6M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	313.15	−0.165%	$436K	$567K	5x	as long as short
Hyperliquid TAO	+0.1730%	1h	313.54	−0.041%	$97.8M	$83.9M	5x	as long as short