Funding you earn now, next payment 22:00 UTC+0.0908%/8h= +99.4% APRpaid last 24h +0.208%
Price spread now: Coinbase International against KuCoin−0.003%7-day average +0.174% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$85as in the Price arb table
costs, in and out, $10k−$680.676% of the position
Funding, last 7 days+0.535%+$54 on $10k
+Price spread, last 3 days (all we have)+0.238%+$24 · spread now −0.003%, 7d avg +0.174%
=Funding pays, the price is against you. Coinbase International is 0.177% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.003% now, against its 7-day average of +0.174%). If the spread goes back, that is −$18 on $10k: about 16 hours of funding at the current rate (+$27 a day). At the pace of the last 7 days (+0.535% in total) that is about 2.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.535% in total (about 27.9% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TAOUSDTM | 306.05 | 0.0100 | pay 0.0050% / 4h | 1h 16m | $18.2M | $27.3M | 75x |
| Short | Coinbase International TAO-PERP-INTX | 306.04 | 0.1008 | get 0.0126% / 1h | 16m 03s | $1.5M | $5.6M | 50x |
KuCoin TAOUSDTM
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $190.68
- Price spread: −0.003% → +0.174%
- −$17.7
- Slippage, 4 orders
- −$45.61
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $105.37
- Costs to cover
- 0.676%
- Break-even
- 3.1 days
Slippage from KuCoin: live order book, 3 min ago; Coinbase International: live order book, 3 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, 3 min ago | 1.47 bp | 13.3 bp −$13 | 23.9 bp −$239 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 8.65 bp | 14.6 bp −$15 | 18.6 bp −$186 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 305.60 | −0.146% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0015% | 1h | 305.55 | −0.163% | $125K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 306.01 | −0.013% | $45K | $539K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 306.01 | −0.014% | $85.6M | $414.5M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 306.16 | +0.036% | $59.3M | $121.5M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 306.00 | −0.016% | $24.6M | $95.5M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 306.23 | +0.059% | $79K | $643K | 5x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 302.77 | −1.072% | $162K | $54K | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 305.80 | −0.082% | $12.2M | $49.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 305.97 | −0.026% | $113.8M | $125.8M | 300x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Bulk TAO-USD
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTMlong | +0.0100% | 4h | 306.05 | long leg | $18.2M | $27.3M | 75x | |
| Bitget TAOUSDT | +0.0100% | 4h | 305.84 | −0.069% | $34.1M | $46.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 305.93 | −0.039% | — | $30.3M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 306.18 | +0.043% | $40K | $279K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 305.91 | −0.045% | $506K | $967K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 306.00 | −0.016% | $75K | $556K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 305.81 | −0.078% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 305.83 | −0.072% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 305.93 | −0.039% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 305.82 | −0.075% | $122K | $368K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 305.92 | −0.042% | $3.3M | $7.9M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0102% | 1h | 306.21 | +0.052% | $46K | $270K | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 305.90 | −0.050% | $168K | $998 | 3x | as long as short |
| Variational Omni TAO | +0.0105% | 4h | 305.97 | −0.027% | $3.7M | $6.7M | — | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 305.98 | −0.023% | $626 | $506K | 5x | as long as short |
| Aster TAOUSDT | +0.0119% | 4h | 306.01 | −0.013% | $1.1M | $7.7M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0155% | 8h | 305.89 | −0.052% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 305.96 | −0.030% | $361K | $370K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 305.59 | −0.152% | $436K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0264% | 1h | 305.95 | −0.033% | $19K | $1.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0319% | 1h | 306.04 | −0.002% | $826K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 305.78 | −0.088% | $4.2M | $9.5M | 100x | as long as short |
| Lighter TAO | +0.0352% | 1h | 306.17 | +0.040% | $1.6M | $5.4M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0408% | 1h | 306.17 | +0.039% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0449% | 1h | 306.13 | +0.026% | $294K | $800K | 10x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 306.60 | +0.180% | $321K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 305.72 | −0.107% | $352 | — | 20x | as long as short |
| Extended TAO-USD | +0.0744% | 1h | 305.89 | −0.053% | $834K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.1008% | 1h | 306.04 | −0.003% | $1.5M | $5.6M | 50x | |
| Kraken Futures PF_TAOUSD | +0.1032% | 1h | 305.94 | −0.036% | $5.8M | $19.6M | 50x | as long as short |
| Hyperliquid TAO | +0.1083% | 1h | 306.52 | +0.153% | $93.3M | $80.7M | 5x | as long as short |
| RISEx TAO/USDC | +0.1155% | 1h | 306.21 | +0.052% | $417K | $544K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +0.876% | $22K | $264 | 12x | as long as short |
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
ApeX Omni TAOUSDT
Aevo TAO-PERP
Variational Omni TAO
Katana Perps TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Deribit TAO_USDC-PERPETUAL
Nado TAO-PERP
BloFin TAO-USDT
Lighter TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Phoenix TAO
Reya TAORUSDPERP
Extended TAO-USD
Kraken Futures PF_TAOUSD
Hyperliquid TAO
RISEx TAO/USDC
Injective TAO/USDC PERP