Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0095%/8h= −10.5% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against KuCoin−0.019%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	315.99	0.0100	pay 0.0050% / 4h	3h 04m	$17.8M	$29.3M	75x
Short	gTrade (Gains Network) TAO/USD	315.93	L +0.0004% / S −0.0005%	get 0.0001% / 1h	4m 57s	$10K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.019%Rate

Funding earned: −$20.05
Price spread: −0.019% → 0.000%: −$1.9
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$43.95
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 4 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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	1.74 bp	11.0 bp −$11	24.4 bp −$244	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1228%	1h	316.14	+0.047%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.09	+0.033%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USDshort	L +0.0004% / S −0.0005%	1h	315.93	−0.019%	$10K	—	150x
Popdex TAOUSDT	+0.0096%	1h	316.39	+0.127%	$43K	$603K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.09	+0.033%	$90.6M	$451.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.40	+0.130%	$25.7M	$109.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.80	−0.060%	$12.8M	$51.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.72	+0.231%	$100.2M	$136.8M	300x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	315.99	long leg	$17.8M	$29.3M	75x
Bitget TAOUSDT	+0.0100%	4h	316.31	+0.101%	$35.2M	$51.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.06	+0.337%	$40K	$294K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.81	−0.057%	$523K	$958K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.28	+0.092%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.45	+0.146%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.26	+0.085%	$127K	$422K	20x	as long as short
Bullet TAO-USD	+0.0101%	1h	316.28	+0.091%	$12K	$17K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.61	+0.196%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0123%	8h	316.51	+0.165%	$1K	$644K	5x	as long as short
ApeX Omni TAOUSDT	+0.0154%	1h	316.14	+0.047%	$48K	$267K	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0102%	1h	315.88	−0.036%	$448K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	316.70	+0.223%	$375K	$376K	10x	as long as short
Phemex TAOUSDT	+0.0191%	4h	316.40	+0.130%	$3.4M	$7.8M	50x	as long as short
Arcus TAO-USD	+0.0201%	1h	316.88	+0.282%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0208%	4h	316.14	+0.047%	$1.3M	$8.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0235%	8h	316.51	+0.166%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0260%	1h	316.42	+0.136%	$92K	$633K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0287%	1h	316.21	+0.070%	$17K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.47	+0.152%	$4.4M	$10.8M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0485%	1h	316.20	+0.067%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	317.00	+0.320%	$332K	$624K	5x	as long as short
01 Exchange TAOUSD	+0.0560%	1h	316.57	+0.184%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	320.46	+1.415%	$23K	$2K	12x	as long as short
Variational Omni TAO	+0.0571%	4h	316.78	+0.249%	$5.5M	$8.7M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.21	+0.070%	$364	—	20x	as long as short
BingX TAO-USDT	+0.0702%	4h	316.09	+0.032%	—	$30.7M	—	as long as short
Bybit TAOUSDT	+0.0714%	4h	316.47	+0.152%	$65.1M	$133.6M	50x	as long as short
Nado TAO-PERP	+0.0755%	1h	316.28	+0.091%	$871K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0797%	1h	316.19	+0.063%	$319K	$816K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.25	+0.399%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1104%	1h	316.53	+0.171%	$884K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	316.51	+0.164%	$420K	$593K	5x	as long as short
Lighter TAO	+0.1424%	1h	316.60	+0.193%	$1.7M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1762%	1h	316.44	+0.142%	$101.2M	$91.6M	5x	as long as short