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 −0.020%

Price spread now: GRVT against KuCoin+0.606%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs+$6as in the Price arb table

costs, in and out, $10k−$530.534% of the position

Long on KuCoin Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)+0.979%+$98 · spread now +0.606%, 7d avg +0.012%

Together, before fees+0.967%+ Points / potential airdropGRVT: Active · farm board+$97 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: GRVT is 0.594% dearer against KuCoin than usual: you sell high and buy low, +$59 on $10k if it goes back to its 7-day average of +0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	309.61	0.0100	pay 0.0050% / 4h	2h 47m	$18.0M	$30.1M	75x
Short	GRVT TAO_USDT_Perp	311.49	0.0100	get 0.0050% / 4h	2h 47m	$519K	$964K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.606%Rate

Funding earned: $0
Price spread: +0.606% → +0.012%: $59.37
Slippage, 4 orders: −$32.45
Fee KuCoin: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $5.93
Costs to cover: 0.534%
Break-even: from the start

Slippage from KuCoin: live order book, 7 min ago; GRVT: live order book, 21 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, 7 min ago	2.09 bp	10.2 bp −$10	29.9 bp −$299	83.3 bp −$8,325	doesn't fit
Sell GRVT live order book, 21 min ago	1.42 bp	11.6 bp −$12	25.2 bp −$252	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
dYdX TAO-USD	0.0000%	1h	309.14	−0.152%	$124K	$87K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	309.09	−0.167%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	309.64	+0.010%	$47K	$618K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	309.33	−0.090%	$88.8M	$459.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	309.40	−0.068%	$25.2M	$108.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	309.30	−0.100%	$12.6M	$49.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	309.32	−0.094%	$100.7M	$136.6M	300x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	309.61	long leg	$18.0M	$30.1M	75x
Bitget TAOUSDT	+0.0100%	4h	309.17	−0.142%	$34.4M	$52.4M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.23	+0.524%	$34K	$299K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perpshort	+0.0100%	4h	311.49	+0.606%	$519K	$964K	10x
Orderly PERP_TAO_USDC	+0.0100%	4h	309.35	−0.084%	$56K	$318K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	309.24	−0.120%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	309.06	−0.178%	$126K	$471K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	309.77	+0.050%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0119%	8h	309.72	+0.036%	$634	$673K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0170% / S +0.0092%	1h	309.12	−0.160%	$427K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0171%	1h	309.30	−0.102%	$5.5M	$20.3M	50x	as long as short
Aster TAOUSDT	+0.0182%	4h	309.40	−0.068%	$1.3M	$9.1M	50x	as long as short
Bullet TAO-USD	+0.0223%	1h	309.64	+0.010%	$12K	$17K	20x	as long as short
Paradex TAO-USD-PERP	+0.0263%	8h	309.51	−0.032%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0282%	1h	309.23	−0.123%	$15K	$1.5M	25x	as long as short
Pacifica TAO	+0.0285%	1h	309.62	+0.002%	$365K	$378K	10x	as long as short
ApeX Omni TAOUSDT	+0.0290%	1h	310.96	+0.436%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0299%	1h	309.58	−0.010%	$78K	$682K	5x	as long as short
Arcus TAO-USD	+0.0337%	1h	309.95	+0.110%	$82K	$551K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.16	+0.501%	$4.4M	$10.7M	100x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	315.63	+1.944%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0561%	1h	309.58	−0.010%	$760K	$2.1M	10x	as long as short
Phemex TAOUSDT	+0.0585%	4h	309.32	−0.094%	$3.3M	$7.9M	50x	as long as short
Phoenix TAO	+0.0588%	1h	311.70	+0.675%	$326K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	310.02	+0.132%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0682%	4h	311.59	+0.638%	$5.4M	$8.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	309.52	−0.028%	$356	—	20x	as long as short
BingX TAO-USDT	+0.0740%	4h	309.50	−0.036%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0785%	4h	309.49	−0.039%	$63.1M	$135.3M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0894%	1h	310.63	+0.329%	$314K	$816K	10x	as long as short
Extended TAO-USD	+0.0984%	1h	309.21	−0.129%	$891K	$2.4M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	310.00	+0.126%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	309.92	+0.100%	$411K	$604K	5x	as long as short
Hyperliquid TAO	+0.1295%	1h	309.99	+0.123%	$98.4M	$92.6M	5x	as long as short
Lighter TAO	+0.1432%	1h	309.80	+0.060%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.3743%	1h	312.40	+0.901%	$166K	$40K	10x	as long as short