Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h +0.001%

Price spread now: Katana Perps against KuCoin+0.003%7-day average +0.017% · you sell dearer than you buy

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

Long on KuCoin Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.145%+$14 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.003%, 7d avg +0.017%

Together, before fees+0.114%+$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	319.36	0.0100	pay 0.0050% / 4h	12m 44s	$17.9M	$32.4M	75x
Short	Katana Perps TAO-USD	319.37	0.0106	get 0.0106% / 8h	12m 44s	$2K	$1.1M	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now +0.003%Rate

Funding earned: $1.27
Price spread: +0.003% → +0.017%: −$1.34
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$15.87
Costs to cover: 0.158%
Break-even: 94.7 days

Slippage unknown: KuCoin: live order book, 6 min ago; Katana Perps: 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, 6 min ago	1.42 bp	13.0 bp −$13	32.9 bp −$329	doesn't fit	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.52	+0.050%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0073%	1h	319.34	−0.007%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.87	+0.160%	$46K	$714K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.20	−0.050%	$26.6M	$131.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.20	−0.050%	$14.8M	$52.1M	50x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	319.36	long leg	$17.9M	$32.4M	75x
Bitget TAOUSDT	+0.0100%	4h	319.11	−0.078%	$35.9M	$57.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.41	−0.611%	$46K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.71	+0.110%	$88K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.39	+0.009%	$2K	$2.0M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	319.29	−0.022%	$117K	$603K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0104% / S +0.0139%	1h	316.95	−0.753%	$404K	—	100x	as long as short
Katana Perps TAO-USDshort	+0.0106%	8h	319.37	+0.003%	$2K	$1.1M	5x
Aevo TAO-PERP	+0.0128%	1h	319.84	+0.149%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0172%	4h	319.82	+0.144%	$52K	$294K	10x	as long as short
MEXC TAO_USDT	+0.0178%	4h	319.41	+0.016%	$103.9M	$152.6M	300x	as long as short
edgeX TAOUSDC	+0.0184%	4h	317.44	−0.602%	$42K	$321K	10x	as long as short
Binance TAOUSDT	+0.0189%	4h	319.34	−0.006%	$92.4M	$532.0M	75x	as long as short
BingX TAO-USDT	+0.0258%	4h	319.29	−0.022%	—	$37.3M	—	as long as short
Paradex TAO-USD-PERP	+0.0260%	8h	319.35	−0.003%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0271%	4h	319.38	+0.006%	$70.1M	$157.1M	50x	as long as short
Bullet TAO-USD	+0.0292%	1h	319.62	+0.083%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0313%	1h	319.46	+0.031%	$375K	$466K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0316%	4h	318.09	−0.398%	$541K	$907K	10x	as long as short
Aster TAOUSDT	+0.0349%	4h	319.44	+0.025%	$1.3M	$11.0M	50x	as long as short
Phemex TAOUSDT	+0.0352%	4h	319.63	+0.085%	$3.2M	$8.2M	50x	as long as short
Extended TAO-USD	+0.0384%	1h	319.35	−0.003%	$907K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0420%	4h	319.77	+0.128%	$4.7M	$11.0M	100x	as long as short
Nado TAO-PERP	+0.0455%	1h	319.80	+0.139%	$787K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	319.67	+0.097%	$101K	$384K	5x	as long as short
Variational Omni TAO	+0.0560%	4h	318.03	−0.418%	$5.6M	$10.1M	—	as long as short
Lighter TAO	+0.0584%	1h	319.71	+0.111%	$1.6M	$6.9M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0606%	1h	319.87	+0.160%	$15K	$1.9M	25x	as long as short
Phoenix TAO	+0.0629%	1h	318.40	−0.301%	$320K	$703K	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	320.25	+0.279%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0695%	1h	319.79	+0.135%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.64	+0.087%	$368	—	20x	as long as short
Hyperliquid TAO	+0.0714%	1h	319.64	+0.088%	$94.5M	$110.7M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0828%	1h	319.90	+0.168%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	319.37	+0.005%	$454K	$662K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.04	+0.213%	$1.4M	$7.0M	50x	as long as short
Bulk TAO-USD	+0.1572%	1h	317.17	−0.686%	$169K	$0	10x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	318.80	−0.175%	$23K	$2K	12x	as long as short