Funding you earn now, next payment 03:00 UTC+0.0433%/8h= +47.4% APRpaid last 24h −0.005%
Price spread now: Deribit against KuCoin+0.415%53s7-day average +0.018% · you sell dearer than you buy
Net, funding: paid 7d − costs−$73as 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−$560.556% of the position
Funding, last 7 days−0.170%−$17 on $10k
+Price spread, last 3 days (all we have)−0.376%−$38 · spread now +0.415%, 7d avg +0.018%
=Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Deribit is 0.396% dearer against KuCoin than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of +0.018%. Mind the row above: over the last 7 days funding on this pair cost −0.170%, so the current rate has only just turned in your favour. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.170% in total (about -8.9% 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 | 315.54 | 0.0100 | pay 0.0050% / 4h | 1h 58m | $17.9M | $30.4M | 75x |
| Short | Deribit TAO_USDC-PERPETUAL | 316.85 | 0.0533 | get 0.0067% / 1h | 58m 25s | $14K | $1.6M | 25x |
KuCoin TAOUSDTM
Deribit TAO_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $90.93
- Price spread: +0.415% → +0.018%
- $39.64
- Slippage, 4 orders
- −$36.61
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $74.96
- Costs to cover
- 0.556%
- Break-even
- 1.2 days
Slippage from KuCoin: live order book, 6 min ago; Deribit: 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 | 2.35 bp | 15.9 bp −$16 | 33.0 bp −$330 | 78.5 bp −$7,854 | doesn't fit |
| Sell Deribit live order book, 1 min ago | 6.64 bp | 10.1 bp −$10 | doesn't fit | doesn't fit | 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 | −0.082% | $167K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 316.29 | +0.238% | $126K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 315.23 | −0.099% | $10K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 315.79 | +0.079% | $45K | $643K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 315.65 | +0.035% | $91.2M | $466.1M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 315.40 | −0.044% | $26.1M | $114.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.30 | −0.076% | $12.9M | $48.9M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 315.57 | +0.010% | $103.4M | $137.2M | 300x | as long as short |
| KuCoin TAOUSDTMlong | +0.0100% | 4h | 315.54 | long leg | $17.9M | $30.4M | 75x | |
| Bitget TAOUSDT | +0.0100% | 4h | 315.37 | −0.054% | $35.2M | $53.3M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
Bitget TAOUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 317.02 | +0.469% | $36K | $302K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 315.87 | +0.105% | $75K | $721K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 315.35 | −0.060% | $57K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.72 | +0.374% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 316.81 | +0.402% | $129K | $472K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 316.90 | +0.431% | $3.4M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 317.17 | +0.515% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0114% | 8h | 315.66 | +0.038% | $1K | $728K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0164% | 1h | 316.78 | +0.393% | $47K | $252K | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0165% / S +0.0104% | 1h | 315.19 | −0.112% | $428K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0198% | 4h | 317.41 | +0.593% | $528K | $957K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0248% | 1h | 316.80 | +0.399% | $5.6M | $20.5M | 50x | as long as short |
| Aster TAOUSDT | +0.0281% | 4h | 315.55 | +0.003% | $1.2M | $9.3M | 50x | as long as short |
| Bullet TAO-USD | +0.0332% | 1h | 315.61 | +0.022% | $12K | $18K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0350% | 8h | 316.35 | +0.257% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 316.00 | +0.146% | $373K | $393K | 10x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 316.03 | +0.155% | $100K | $489K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUALshort | +0.0533% | 1h | 316.85 | +0.415% | $14K | $1.6M | 25x | |
| Phoenix TAO | +0.0588% | 1h | 318.30 | +0.875% | $334K | $672K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0616% | 1h | 315.97 | +0.136% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0686% | 1h | 317.36 | +0.577% | $321K | $805K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 315.62 | +0.026% | $363 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0720% | 4h | 315.60 | +0.019% | — | $30.3M | — | as long as short |
| Bybit TAOUSDT | +0.0722% | 4h | 315.64 | +0.032% | $67.0M | $138.1M | 50x | as long as short |
| Variational Omni TAO | +0.0848% | 4h | 316.96 | +0.450% | $6.1M | $9.5M | — | as long as short |
| Extended TAO-USD | +0.0888% | 1h | 315.61 | +0.021% | $896K | $2.3M | 25x | as long as short |
| Nado TAO-PERP | +0.0904% | 1h | 315.69 | +0.048% | $756K | $2.1M | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 317.08 | +0.488% | $1.5M | $6.4M | 50x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 315.79 | +0.080% | $446K | $626K | 5x | as long as short |
| Hyperliquid TAO | +0.1276% | 1h | 316.08 | +0.171% | $99.5M | $97.4M | 5x | as long as short |
| Lighter TAO | +0.1424% | 1h | 316.21 | +0.213% | $1.6M | $6.1M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 320.94 | +1.711% | $23K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
ApeX Omni TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Kraken Futures PF_TAOUSD
Aster TAOUSDT
Bullet TAO-USD
Paradex TAO-USD-PERP
Pacifica TAO
Arcus TAO-USD
Phoenix TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
BingX TAO-USDT
Bybit TAOUSDT
Variational Omni TAO
Extended TAO-USD
Nado TAO-PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Lighter TAO
Injective TAO/USDC PERP