TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0240%/8h= +26.3% APRnext payment +$1.20 per $10,000 · paid last 24h +0.072%

Price spread now: BloFin against KuCoin+1.441%530s7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as 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−$640.636% of the position

Long on KuCoin Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.421%+$42 on $10k

Price spread, last 3 days (all we have)−1.412%−$141 · spread now +1.441%, 7d avg +0.018%

Together, before fees−0.992%−$99 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 1.423% dearer against KuCoin than usual: you sell high and buy low: +$142 more if the spread goes back to its 7-day average of +0.018%. The two prices were read 530 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	306.74	0.0100	pay 0.0050% / 4h	2h 40m	$17.8M	$30.0M	75x
Short	BloFin TAO-USDT	311.16	0.0340	get 0.0170% / 4h	2h 40m	$4.4M	$10.7M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +1.441%Rate

Funding earned: $50.4
Price spread: +1.441% → +0.018%: $142.28
Slippage, 4 orders: −$39.62
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: $129.07
Costs to cover: 0.636%
Break-even: from the start

Slippage from KuCoin: live order book, 4 min ago; BloFin: live order book, 8 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, 4 min ago	0.97 bp	19.8 bp −$20	29.2 bp −$292	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	5.00 bp	11.5 bp −$12	14.1 bp −$141	33.5 bp −$3,345	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	307.32	+0.190%	$123K	$87K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	306.43	−0.100%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.80	+0.020%	$45K	$606K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.74	0.000%	$88.5M	$460.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.10	+0.117%	$25.1M	$107.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	306.50	−0.078%	$12.5M	$49.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	306.51	−0.075%	$102.7M	$137.6M	300x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	306.74	long leg	$17.8M	$30.0M	75x
Bitget TAOUSDT	+0.0100%	4h	306.44	−0.098%	$34.3M	$53.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.15	+0.784%	$34K	$298K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	309.02	+0.744%	$515K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.11	+0.773%	$46K	$268K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.02	+0.091%	$56K	$283K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.79	+0.342%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.15	+0.134%	$126K	$471K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.33	+0.192%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	307.02	+0.091%	$688	$680K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0170% / S +0.0102%	1h	306.38	−0.118%	$412K	—	100x	as long as short
Aster TAOUSDT	+0.0170%	4h	307.22	+0.156%	$1.2M	$9.2M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0171%	1h	307.96	+0.397%	$5.5M	$20.3M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0184%	1h	307.94	+0.391%	$15K	$1.5M	25x	as long as short
Polymarket Perps TAO-USD	+0.0206%	1h	306.64	−0.033%	$76K	$643K	5x	as long as short
Bullet TAO-USD	+0.0218%	1h	306.70	−0.014%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERP	+0.0275%	8h	307.24	+0.163%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0285%	1h	307.43	+0.226%	$363K	$378K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	307.49	+0.245%	$81K	$551K	5x	as long as short
BloFin TAO-USDTshort	+0.0340%	4h	311.16	+1.441%	$4.4M	$10.7M	100x
Injective TAO/USDC PERP	+0.0470%	1h	315.63	+2.898%	$23K	$2K	12x	as long as short
Phemex TAOUSDT	+0.0555%	4h	307.99	+0.408%	$3.3M	$8.0M	50x	as long as short
Phoenix TAO	+0.0588%	1h	308.80	+0.672%	$323K	$681K	5x	as long as short
Nado TAO-PERP	+0.0591%	1h	306.54	−0.066%	$746K	$2.1M	10x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	307.16	+0.137%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	306.58	−0.052%	$353	—	20x	as long as short
Variational Omni TAO	+0.0734%	4h	308.15	+0.459%	$5.3M	$8.9M	—	as long as short
BingX TAO-USDT	+0.0736%	4h	306.95	+0.068%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0774%	4h	307.18	+0.143%	$62.7M	$135.7M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0855%	1h	308.38	+0.535%	$312K	$814K	10x	as long as short
Extended TAO-USD	+0.0968%	1h	307.18	+0.144%	$885K	$2.4M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	308.15	+0.460%	$1.4M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	307.17	+0.139%	$409K	$604K	5x	as long as short
Hyperliquid TAO	+0.1241%	1h	306.84	+0.033%	$97.1M	$93.3M	5x	as long as short
Lighter TAO	+0.1384%	1h	307.78	+0.339%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.3743%	1h	312.40	+1.845%	$166K	$40K	10x	as long as short