Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against KuCoin−0.013%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 7 days+0.004%$0 · spread now −0.013%, 7d avg −0.013%

Together, before fees−0.032%−$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	308.01	0.0100	pay 0.0050% / 4h	1h 05m	$18.6M	$27.2M	75x
Short	MEXC TAO_USDT	307.97	0.0100	get 0.0050% / 4h	1h 05m	$115.2M	$126.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → −0.013%: −$0.02
Slippage, 4 orders: −$20.92
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$32.94
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from KuCoin: live order book, 3 min ago; MEXC: live order book, 8 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, 3 min ago	0.81 bp	15.3 bp −$15	28.8 bp −$288	96.4 bp −$9,642	doesn't fit
Sell MEXC live order book, 8 min ago	0.49 bp	1.4 bp −$1	5.9 bp −$59	24.5 bp −$2,452	107.5 bp −$53.7K

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	−0.0396%	1h	305.88	−0.693%	$163K	$52K	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	307.13	−0.286%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0012%	1h	307.75	−0.083%	$126K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.18	+0.055%	$45K	$542K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.95	−0.019%	$86.4M	$414.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	308.06	+0.016%	$59.9M	$121.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.90	−0.036%	$24.8M	$96.3M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.37	+0.117%	$80K	$643K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.80	−0.068%	$12.3M	$49.3M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	307.97	−0.013%	$115.2M	$126.2M	300x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTMlong	+0.0100%	4h	308.01	long leg	$18.6M	$27.2M	75x
Bitget TAOUSDT	+0.0100%	4h	307.88	−0.042%	$34.3M	$45.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.95	−0.019%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.10	−0.295%	$40K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.22	−0.258%	$508K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	306.60	−0.458%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	307.50	−0.166%	$75K	$550K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.47	−0.175%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.18	−0.269%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.25	−0.247%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.37	−0.208%	$122K	$369K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.48	−0.172%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.62	−0.128%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	308.17	+0.052%	$1K	$511K	5x	as long as short
Variational Omni TAO	+0.0110%	4h	306.68	−0.431%	$3.7M	$6.7M	—	as long as short
Aster TAOUSDT	+0.0138%	4h	307.81	−0.064%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0157%	8h	307.91	−0.031%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	308.09	+0.026%	$364K	$369K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.13	−0.286%	$439K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0313%	1h	307.31	−0.227%	$21K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0314%	1h	307.39	−0.200%	$834K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.22	−0.256%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0352%	1h	308.06	+0.015%	$1.7M	$5.4M	5x	as long as short
01 Exchange TAOUSD	+0.0424%	1h	308.47	+0.149%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0460%	1h	307.69	−0.104%	$295K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	307.10	−0.295%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	307.38	−0.206%	$353	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	307.81	−0.064%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	307.76	−0.081%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1027%	1h	307.59	−0.136%	$5.8M	$19.6M	50x	as long as short
RISEx TAO/USDC	+0.1155%	1h	308.32	+0.102%	$420K	$533K	5x	as long as short
Hyperliquid TAO	+0.1165%	1h	308.24	+0.073%	$94.0M	$80.8M	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.234%	$22K	$264	12x	as long as short