Settings8H · net · $10k
Funding arb · Price arb /

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0469%/8h= +51.3% APRpaid last 24h +0.063%
Price spread now: Nado against KuCoin+0.062%51s7-day average +0.006% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$510.511% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.072%+$7 on $10k
Price spread, last 7 days−0.133%−$13 · spread now +0.062%, 7d avg +0.006%
Together, before fees−0.060%+ Points / potential airdropNado: Active · farm board−$6 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Nado is 0.057% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.006%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.072% in total (about 7.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TAOUSDTM316.280.0100pay 0.0050% / 4h1h 04m$17.6M$31.7M75x
ShortNado TAO-PERP316.480.0569get 0.0071% / 1h4m 37s$826K$2.2M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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

Funding earned
$98.46
Price spread: +0.062% → +0.006%
$5.69
Slippage, 4 orders
−$32.09
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Nado: 3.5 bp × 2 orders
−$7
Net
$53.06
Costs to cover
0.511%
Break-even
3.2 days
Slippage from KuCoin: live order book, 4 min ago; Nado: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 4 min ago1.73 bp17.8 bp −$1826.3 bp −$263doesn't fitdoesn't fit
Sell Nado live order book, 4 min ago0.47 bp6.2 bp −$619.6 bp −$196doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.0766%1h316.69+0.128%$168K$1K10xas long as short
dYdX TAO-USD0.0000%1h316.53+0.078%$126K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h315.96−0.101%$20K150xas long as short
Popdex TAOUSDT+0.0096%1h316.46+0.057%$41K$686K20xas long as short
Binance TAOUSDT+0.0100%4h316.68+0.126%$92.0M$490.6M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h316.30+0.006%$26.1M$119.8M50xas long as short
Gate TAO_USDT+0.0100%4h316.20−0.025%$13.0M$50.4M50xas long as short
MEXC TAO_USDT+0.0100%4h316.56+0.089%$104.7M$144.2M300xas long as short
KuCoin TAOUSDTMlong+0.0100%4h316.28long leg$17.6M$31.7M75x
Bitget TAOUSDT+0.0100%4h315.94−0.107%$35.2M$56.0M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h316.32+0.012%$35K$303K10xas long as short
Polymarket Perps TAO-USD+0.0100%1h316.26−0.006%$88K$793K5xas long as short
SunX TAO-USDT+0.0100%4h316.16−0.038%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h316.11−0.054%$109K$529K20xas long as short
Aevo TAO-PERP+0.0104%1h316.34+0.017%$174K$9983xas long as short
Katana Perps TAO-USD+0.0112%8h315.95−0.104%$673$778K5xas long as short
Orderly PERP_TAO_USDC+0.0126%4h316.15−0.041%$57K$275K10xas long as short
Bullet TAO-USD+0.0136%1h316.36+0.025%$12K$18K20xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0156% / S +0.0113%1h315.91−0.116%$429K100xas long as short
Phemex TAOUSDT+0.0163%4h316.53+0.079%$3.3M$8.1M50xas long as short
GRVT TAO_USDT_Perp+0.0178%4h317.27+0.313%$528K$965K10xas long as short
Paradex TAO-USD-PERP+0.0234%8h316.39+0.035%$14K$1K10xas long as short
Kraken Futures PF_TAOUSD+0.0248%1h316.30+0.005%$5.6M$20.8M50xas long as short
Aster TAOUSDT+0.0265%4h316.63+0.111%$1.2M$10.1M50xas long as short
Deribit TAO_USDC-PERPETUAL+0.0283%1h316.20−0.025%$15K$1.7M25xas long as short
BloFin TAO-USDT+0.0340%4h316.31+0.009%$4.6M$10.9M100xas long as short
ApeX Omni TAOUSDT+0.0349%1h316.96+0.215%$47K$252K50xas long as short
Bybit TAOUSDT+0.0367%4h316.51+0.073%$69.4M$146.0M50xas long as short
BingX TAO-USDT+0.0386%4h316.19−0.028%$30.4Mas long as short
Pacifica TAO+0.0448%1h316.56+0.089%$372K$413K10xas long as short
Phoenix TAO+0.0504%1h316.50+0.070%$331K$707K5xas long as short
Arcus TAO-USD+0.0509%1h316.48+0.063%$100K$488K5xas long as short
Nado TAO-PERPshort+0.0569%1h316.48+0.062%$826K$2.2M10x
Extended TAO-USD+0.0584%1h316.01−0.085%$927K$2.4M25xas long as short
01 Exchange TAOUSD+0.0640%1h316.26−0.006%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0696%1h316.36+0.024%$36420xas long as short
Lighter TAO+0.0704%1h316.90+0.197%$1.6M$6.4M5xas long as short
Variational Omni TAO+0.0758%4h315.94−0.106%$5.9M$9.8Mas long as short
Backpack TAO_USDC_PERP+0.0824%1h316.75+0.149%$315K$926K10xas long as short
Hyperliquid TAO+0.0937%1h316.93+0.206%$95.6M$104.2M5xas long as short
Coinbase International TAO-PERP-INTX+0.1024%1h317.08+0.253%$1.5M$6.8M50xas long as short
RISEx TAO/USDC+0.1159%1h316.21−0.021%$436K$659K5xas long as short
Injective TAO/USDC PERP+0.4172%1h321.62+1.688%$23K$2K12xas long as short