Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against KuCoin+0.081%46s7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.513% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.052%+$5 on $10k

Price spread, last 4 days (all we have)−0.167%−$17 · spread now +0.081%, 7d avg −0.001%

Together, before fees−0.115%+ Points / potential airdropPacifica: Active · farm board−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.082% dearer against KuCoin than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of −0.001%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	303.64	0.0100	pay 0.0050% / 4h	1h 28m	$18.4M	$27.2M	75x
Short	Pacifica TAO	303.89	0.0164	get 0.0020% / 1h	28m 45s	$359K	$372K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now +0.081%Rate

Funding earned: $13.34
Price spread: +0.081% → −0.001%: $8.18
Slippage, 4 orders: −$31.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$29.77
Costs to cover: 0.513%
Break-even: 22.6 days

Slippage from KuCoin: live order book, 5 min ago; Pacifica: live order book, 55 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	1.15 bp	12.1 bp −$12	24.5 bp −$245	doesn't fit	doesn't fit
Sell Pacifica live order book, 55 min ago	1.63 bp	8.3 bp −$8	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	303.65	+0.002%	$26K	—	150x	as long as short
dYdX TAO-USD	+0.0021%	1h	303.56	−0.026%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.76	+0.040%	$45K	$538K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	303.94	+0.098%	$85.0M	$413.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	304.15	+0.168%	$58.8M	$121.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	304.00	+0.119%	$24.4M	$95.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.10	+0.151%	$79K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	303.38	−0.087%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	303.60	−0.013%	$12.1M	$48.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	303.80	+0.053%	$111.1M	$125.2M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTMlong	+0.0100%	4h	303.64	long leg	$18.4M	$27.2M	75x
Bitget TAOUSDT	+0.0100%	4h	303.83	+0.063%	$33.9M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	303.96	+0.105%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.79	+0.048%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.27	−0.123%	$39K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	302.72	−0.304%	$501K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.45	−0.063%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	303.97	+0.109%	$74K	$595K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.93	+0.096%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.85	+0.069%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.55	−0.030%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.93	+0.096%	$122K	$364K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.87	+0.076%	$3.2M	$7.9M	50x	as long as short
Aster TAOUSDT	+0.0102%	4h	303.94	+0.099%	$1.1M	$7.7M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.97	+0.109%	$167K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	303.60	−0.013%	$621	$496K	5x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	303.77	+0.043%	$14K	$1K	10x	as long as short
Pacifica TAOshort	+0.0164%	1h	303.89	+0.081%	$359K	$372K	10x
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	303.66	+0.006%	$433K	—	100x	as long as short
Nado TAO-PERP	+0.0333%	1h	303.91	+0.088%	$820K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.93	+0.096%	$4.2M	$9.4M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0352%	1h	303.98	+0.111%	$22K	$1.4M	25x	as long as short
Lighter TAO	+0.0384%	1h	304.16	+0.173%	$1.6M	$5.3M	5x	as long as short
01 Exchange TAOUSD	+0.0392%	1h	303.94	+0.099%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0444%	1h	304.01	+0.122%	$377K	$757K	10x	as long as short
Phoenix TAO	+0.0521%	1h	303.50	−0.046%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	303.77	+0.044%	$349	—	20x	as long as short
Extended TAO-USD	+0.0816%	1h	303.74	+0.032%	$825K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	303.73	+0.030%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1040%	1h	303.81	+0.056%	$5.7M	$19.7M	50x	as long as short
Hyperliquid TAO	+0.1057%	1h	304.38	+0.244%	$92.4M	$80.5M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	303.93	+0.095%	$411K	$545K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.676%	$22K	$264	12x	as long as short