Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against KuCoin−0.073%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$740.737% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 7 days+0.056%+$6 · spread now −0.073%, 7d avg −0.027%

Together, before fees+0.050%+$5 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: Gate is 0.046% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	316.53	0.0100	pay 0.0050% / 4h	3h 08m	$18.0M	$29.3M	75x
Short	Gate TAO_USDT	316.30	0.0100	get 0.0050% / 4h	3h 08m	$12.8M	$51.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → −0.027%: −$4.58
Slippage, 4 orders: −$46.68
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$78.26
Costs to cover: 0.737%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Gate: 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	0.95 bp	19.4 bp −$19	38.5 bp −$385	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.16 bp	18.5 bp −$19	43.4 bp −$434	85.0 bp −$8,499	131.5 bp −$65.8K

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	−0.1821%	1h	318.67	+0.676%	$169K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.92	−0.193%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.13	−0.125%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.31	−0.070%	$42K	$598K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.39	−0.044%	$90.7M	$450.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.30	−0.073%	$25.7M	$108.9M	50x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	316.30	−0.073%	$12.8M	$51.2M	50x
MEXC TAO_USDT	+0.0100%	4h	316.31	−0.070%	$99.2M	$136.6M	300x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	316.53	long leg	$18.0M	$29.3M	75x
Bitget TAOUSDT	+0.0100%	4h	316.30	−0.073%	$35.2M	$51.4M	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	316.43	−0.033%	$40K	$293K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.09	−0.138%	$524K	$958K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.84	+0.098%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.08	−0.142%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.96	+0.136%	$127K	$422K	20x	as long as short
Bullet TAO-USD	+0.0103%	1h	316.48	−0.016%	$12K	$17K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.74	+0.067%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0118%	8h	316.43	−0.032%	$1K	$644K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0101%	1h	316.19	−0.106%	$449K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	316.06	−0.148%	$374K	$376K	10x	as long as short
ApeX Omni TAOUSDT	+0.0185%	1h	316.14	−0.123%	$48K	$267K	50x	as long as short
Arcus TAO-USD	+0.0201%	1h	316.71	+0.057%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0204%	4h	316.55	+0.006%	$1.3M	$8.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0235%	8h	316.34	−0.061%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0268%	1h	316.36	−0.054%	$92K	$633K	5x	as long as short
Phemex TAOUSDT	+0.0296%	4h	316.97	+0.139%	$3.4M	$7.8M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.05	−0.152%	$4.4M	$10.7M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0370%	1h	316.81	+0.087%	$17K	$1.5M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0484%	1h	316.67	+0.045%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	316.60	+0.022%	$331K	$624K	5x	as long as short
Variational Omni TAO	+0.0546%	4h	316.94	+0.130%	$5.5M	$8.7M	—	as long as short
01 Exchange TAOUSD	+0.0560%	1h	316.70	+0.054%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	317.77	+0.392%	$23K	$802	12x	as long as short
BingX TAO-USDT	+0.0628%	4h	316.45	−0.025%	—	$30.7M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.96	−0.181%	$363	—	20x	as long as short
Bybit TAOUSDT	+0.0734%	4h	316.56	+0.009%	$65.2M	$133.4M	50x	as long as short
Nado TAO-PERP	+0.0759%	1h	316.17	−0.115%	$875K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0805%	1h	316.65	+0.038%	$320K	$816K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.15	+0.196%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1112%	1h	316.35	−0.058%	$885K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	316.56	+0.009%	$420K	$593K	5x	as long as short
Lighter TAO	+0.1424%	1h	316.95	+0.133%	$1.7M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1800%	1h	316.86	+0.104%	$101.4M	$91.5M	5x	as long as short