Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against KuCoin−0.253%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$560.563% of the position

Long on KuCoin Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 7 days+0.245%+$24 · spread now −0.253%, 7d avg −0.023%

Together, before fees+0.264%+$26 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: Bitget is 0.230% cheaper against KuCoin than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of −0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	320.44	0.0100	pay 0.0050% / 4h	1h 33m	$17.9M	$32.1M	75x
Short	Bitget TAOUSDT	319.63	0.0100	get 0.0050% / 4h	1h 33m	$35.9M	$58.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.253%Rate

Funding earned: $0
Price spread: −0.253% → −0.023%: −$23.01
Slippage, 4 orders: −$32.35
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$79.36
Costs to cover: 0.563%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Bitget: live order book, 1 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, 6 min ago	0.94 bp	19.5 bp −$20	35.0 bp −$350	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	1.25 bp	9.5 bp −$9	19.3 bp −$193	38.1 bp −$3,812	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	−0.2019%	1h	319.65	−0.246%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	320.04	−0.126%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.52	−0.286%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.20	−0.075%	$42K	$704K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.90	−0.169%	$26.8M	$129.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.60	−0.262%	$14.2M	$51.8M	50x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	320.44	long leg	$17.9M	$32.1M	75x
Bitget TAOUSDTshort	+0.0100%	4h	319.63	−0.253%	$35.9M	$58.4M	50x
ApeX Omni TAOUSDT	+0.0100%	1h	319.10	−0.418%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.44	0.000%	$93K	$1.1M	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	320.32	−0.037%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.91	−0.165%	$118K	$590K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	319.93	−0.159%	$726	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0119% / S +0.0148%	1h	318.97	−0.460%	$426K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	320.56	+0.037%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0120%	4h	320.45	+0.003%	$53K	$292K	10x	as long as short
edgeX TAOUSDC	+0.0159%	4h	319.21	−0.383%	$42K	$317K	10x	as long as short
MEXC TAO_USDT	+0.0160%	4h	319.91	−0.165%	$105.5M	$149.9M	300x	as long as short
Binance TAOUSDT	+0.0161%	4h	319.92	−0.162%	$92.6M	$528.9M	75x	as long as short
Phemex TAOUSDT	+0.0212%	4h	320.21	−0.072%	$3.3M	$8.1M	50x	as long as short
Paradex TAO-USD-PERP	+0.0262%	8h	320.17	−0.085%	$15K	$1K	10x	as long as short
Aster TAOUSDT	+0.0320%	4h	319.99	−0.140%	$1.3M	$10.9M	50x	as long as short
Bybit TAOUSDT	+0.0348%	4h	319.97	−0.147%	$69.9M	$156.0M	50x	as long as short
BingX TAO-USDT	+0.0370%	4h	319.96	−0.150%	—	$34.5M	—	as long as short
Bullet TAO-USD	+0.0383%	1h	320.58	+0.044%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0388%	4h	318.88	−0.486%	$543K	$940K	10x	as long as short
BloFin TAO-USDT	+0.0401%	4h	320.65	+0.066%	$4.7M	$11.1M	100x	as long as short
Extended TAO-USD	+0.0464%	1h	320.46	+0.005%	$917K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	320.26	−0.057%	$365K	$423K	10x	as long as short
Variational Omni TAO	+0.0538%	4h	318.75	−0.528%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	319.20	−0.387%	$318K	$709K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0570%	1h	320.38	−0.017%	$10K	$1.9M	25x	as long as short
Nado TAO-PERP	+0.0577%	1h	320.67	+0.073%	$800K	$2.1M	10x	as long as short
Hyperliquid TAO	+0.0611%	1h	320.05	−0.122%	$94.6M	$110.2M	5x	as long as short
01 Exchange TAOUSD	+0.0624%	1h	320.38	−0.019%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.48	+0.012%	$103K	$394K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0686%	1h	320.02	−0.131%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	320.64	+0.061%	$369	—	20x	as long as short
Lighter TAO	+0.0824%	1h	320.08	−0.113%	$1.5M	$6.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.89	+0.140%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	320.12	−0.099%	$458K	$665K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1151%	1h	320.68	+0.076%	$6.1M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.63	+0.996%	$24K	$2K	12x	as long as short