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 0.000%

Price spread now: edgeX against KuCoin+0.091%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$490.486% of the position

Long on KuCoin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 4 days (all we have)+0.307%+$31 · spread now +0.091%, 7d avg −0.002%

Together, before fees+0.272%+ Points / potential airdropedgeX: Active · farm board+$27 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: edgeX is 0.093% dearer against KuCoin than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	310.72	0.0100	pay 0.0050% / 4h	3h 22m	$17.7M	$31.2M	75x
Short	edgeX TAOUSDC	311.00	0.0100	get 0.0050% / 4h	3h 22m	$41K	$312K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.091%Rate

Funding earned: $0
Price spread: +0.091% → −0.002%: $9.33
Slippage, 4 orders: −$27.59
Fee KuCoin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$39.26
Costs to cover: 0.486%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; edgeX: live order book, 30 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	1.76 bp	10.3 bp −$10	23.7 bp −$237	doesn't fit	doesn't fit
Sell edgeX live order book, 30 min ago	4.77 bp	9.3 bp −$9	24.0 bp −$240	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
Kraken Futures PF_TAOUSD	−0.0349%	1h	310.85	+0.041%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.72	0.000%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0013%	1h	310.54	−0.057%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	310.86	+0.045%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	310.60	−0.039%	$2K	$843K	5x	as long as short
Pacifica TAO	+0.0100%	1h	310.76	+0.013%	$354K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	310.67	−0.015%	$89.0M	$500.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	310.77	+0.016%	$66.9M	$150.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	310.60	−0.039%	$25.9M	$120.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.60	−0.039%	$13.2M	$50.2M	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	310.60	−0.039%	$101.9M	$145.2M	300x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	310.72	long leg	$17.7M	$31.2M	75x
Bitget TAOUSDT	+0.0100%	4h	310.31	−0.132%	$34.8M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	310.82	+0.032%	—	$33.5M	—	as long as short
edgeX TAOUSDCshort	+0.0100%	4h	311.00	+0.091%	$41K	$312K	10x
GRVT TAO_USDT_Perp	+0.0100%	4h	310.69	−0.008%	$528K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	310.75	+0.010%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	310.70	−0.006%	$79K	$900K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	310.98	+0.083%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	310.77	+0.016%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.34	−0.122%	$109K	$541K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.97	+0.081%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0104%	4h	310.80	+0.027%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	310.86	+0.045%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0137% / S +0.0135%	1h	310.71	−0.002%	$412K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0142%	8h	310.57	−0.048%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0206%	4h	310.93	+0.068%	$3.2M	$8.0M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.12	+0.129%	$101K	$394K	5x	as long as short
Variational Omni TAO	+0.0294%	4h	311.14	+0.134%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0312%	1h	310.69	−0.009%	$904K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.10	+0.122%	$4.5M	$10.7M	100x	as long as short
Nado TAO-PERP	+0.0353%	1h	310.71	−0.002%	$783K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0456%	1h	310.80	+0.026%	$91.3M	$107.7M	5x	as long as short
Phoenix TAO	+0.0457%	1h	311.10	+0.122%	$310K	$711K	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	311.02	+0.097%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0493%	1h	310.94	+0.071%	$309K	$885K	10x	as long as short
Lighter TAO	+0.0576%	1h	310.94	+0.070%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0646%	1h	311.01	+0.092%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	310.85	+0.040%	$357	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	310.88	+0.051%	$442K	$655K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	+0.065%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.31	+0.190%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+1.455%	$23K	$2K	12x	as long as short