Funding arb · Price arb /

TAO

all TAO markets

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: HTX against KuCoin−0.098%7-day average −0.108% · you buy dearer than you sell

Net, funding: paid 7d − costs−$242as in the Funding arb table

Net, price: spread back to 7d avg − costs−$237as in the Price arb table

costs, in and out, $10k−$2382.384% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.033%−$3 on $10k

Price spread, last 4 days (all we have)+0.066%+$7 · spread now −0.098%, 7d avg −0.108%

Together, before fees+0.034%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	315.06	0.0100	pay 0.0050% / 4h	38m 51s	$17.5M	$31.6M	75x
Short	HTX TAO-USDT	314.75	0.0100	get 0.0050% / 4h	38m 51s	$109K	$527K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.098%Rate

Funding earned: $0
Price spread: −0.098% → −0.108%: $0.92
Slippage, 4 orders: −$214.37
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$237.45
Costs to cover: 2.384%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; HTX: live order book, 20 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, 5 min ago	0.79 bp	17.4 bp −$17	30.2 bp −$302	doesn't fit	doesn't fit
Sell HTX live order book, 20 min ago	13.02 bp	93.1 bp −$93	doesn't fit	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
Bulk TAO-USD	−0.0482%	1h	315.13	+0.022%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.72	+0.209%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.93	−0.041%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.78	−0.090%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.97	+0.289%	$42K	$686K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.10	+0.013%	$90.8M	$490.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.10	+0.013%	$26.0M	$119.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.90	−0.051%	$12.9M	$49.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.19	+0.041%	$105.8M	$142.7M	300x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	315.06	long leg	$17.5M	$31.6M	75x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	314.98	−0.025%	$35.2M	$55.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.41	+0.112%	$35K	$302K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.94	−0.038%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.73	+0.213%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.25	+0.059%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.80	−0.083%	$1K	$1.9M	20x	as long as short
HTX TAO-USDTshort	+0.0100%	4h	314.75	−0.098%	$109K	$527K	20x
Phemex TAOUSDT	+0.0100%	4h	314.81	−0.079%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	315.58	+0.165%	$1K	$787K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0104%	4h	316.85	+0.569%	$528K	$944K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.05	−0.003%	$173K	$998	3x	as long as short
Bybit TAOUSDT	+0.0116%	4h	315.26	+0.063%	$68.5M	$146.8M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0126%	1h	314.88	−0.059%	$11K	$1.6M	25x	as long as short
Orderly PERP_TAO_USDC	+0.0127%	4h	314.81	−0.079%	$57K	$275K	10x	as long as short
BingX TAO-USDT	+0.0146%	4h	315.12	+0.019%	—	$30.1M	—	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0151% / S +0.0122%	1h	314.96	−0.031%	$421K	—	100x	as long as short
Nado TAO-PERP	+0.0183%	1h	315.72	+0.210%	$805K	$2.2M	10x	as long as short
Paradex TAO-USD-PERP	+0.0186%	8h	315.90	+0.266%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0224%	4h	314.98	−0.026%	$1.2M	$10.2M	50x	as long as short
01 Exchange TAOUSD	+0.0248%	1h	316.01	+0.302%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0272%	1h	315.03	−0.010%	$93.3M	$105.6M	5x	as long as short
Extended TAO-USD	+0.0288%	1h	315.15	+0.030%	$922K	$2.4M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0339%	1h	314.83	−0.073%	$315K	$913K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.25	+0.060%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	316.21	+0.365%	$100K	$488K	5x	as long as short
Pacifica TAO	+0.0365%	1h	316.12	+0.338%	$361K	$411K	10x	as long as short
Lighter TAO	+0.0376%	1h	315.21	+0.046%	$1.5M	$6.5M	5x	as long as short
Phoenix TAO	+0.0581%	1h	317.30	+0.711%	$316K	$697K	5x	as long as short
Variational Omni TAO	+0.0615%	4h	315.95	+0.281%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.44	+0.120%	$363	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.96	+0.286%	$438K	$659K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	318.13	+0.974%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.61	+1.444%	$23K	$2K	12x	as long as short