Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Polymarket Perps against KuCoin+0.372%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$500.500% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 4 days (all we have)+0.872%+$87 · spread now +0.372%, 7d avg 0.000%

Together, before fees+0.782%+$78 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.372% dearer against KuCoin than usual: you sell high and buy low, +$37 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	314.70	0.0100	pay 0.0050% / 4h	1h 57m	$17.8M	$30.4M	75x
Short	Polymarket Perps TAO-USD	315.87	0.0100	get 0.0013% / 1h	57m 56s	$75K	$721K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now +0.372%Rate

Funding earned: $0
Price spread: +0.372% → 0.000%: $37.18
Slippage, 4 orders: −$29.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$12.78
Costs to cover: 0.500%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Polymarket Perps: live order book, 5 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, 6 min ago	2.35 bp	15.9 bp −$16	33.0 bp −$330	78.5 bp −$7,854	doesn't fit
Sell Polymarket Perps live order book, 5 min ago	1.42 bp	5.4 bp −$5	10.1 bp −$101	doesn't fit	doesn't fit

TAO on 42 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	−0.0185%	1h	315.28	+0.184%	$167K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.29	+0.505%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.23	+0.167%	$10K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.79	+0.346%	$45K	$643K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.80	+0.031%	$90.9M	$466.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.60	−0.032%	$26.1M	$113.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.40	−0.095%	$12.9M	$49.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.68	−0.006%	$103.3M	$137.2M	300x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	314.70	long leg	$17.8M	$30.4M	75x
Bitget TAOUSDT	+0.0100%	4h	314.43	−0.086%	$35.1M	$53.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.02	+0.737%	$36K	$302K	10x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	315.87	+0.372%	$75K	$721K	5x
Orderly PERP_TAO_USDC	+0.0100%	4h	315.35	+0.207%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.44	+0.235%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.75	+0.016%	$129K	$474K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.74	+0.013%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.48	+0.248%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	315.66	+0.305%	$1K	$728K	5x	as long as short
ApeX Omni TAOUSDT	+0.0164%	1h	316.78	+0.661%	$47K	$252K	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0165% / S +0.0104%	1h	315.19	+0.155%	$428K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0198%	4h	317.41	+0.861%	$528K	$957K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0249%	1h	315.04	+0.107%	$5.6M	$20.5M	50x	as long as short
Aster TAOUSDT	+0.0281%	4h	314.70	−0.001%	$1.2M	$9.3M	50x	as long as short
Bullet TAO-USD	+0.0332%	1h	315.61	+0.289%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0350%	8h	316.35	+0.525%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0368%	1h	315.23	+0.169%	$14K	$1.6M	25x	as long as short
Pacifica TAO	+0.0448%	1h	316.00	+0.413%	$373K	$393K	10x	as long as short
Arcus TAO-USD	+0.0509%	1h	316.03	+0.423%	$100K	$489K	5x	as long as short
Phoenix TAO	+0.0588%	1h	318.30	+1.144%	$334K	$672K	5x	as long as short
01 Exchange TAOUSD	+0.0616%	1h	315.97	+0.404%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.62	+0.293%	$363	—	20x	as long as short
BingX TAO-USDT	+0.0720%	4h	314.72	+0.006%	—	$30.3M	—	as long as short
Bybit TAOUSDT	+0.0722%	4h	314.95	+0.079%	$66.9M	$138.1M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0725%	1h	314.92	+0.070%	$318K	$802K	10x	as long as short
Variational Omni TAO	+0.0848%	4h	316.96	+0.718%	$6.1M	$9.5M	—	as long as short
Extended TAO-USD	+0.0888%	1h	314.52	−0.057%	$891K	$2.3M	25x	as long as short
Nado TAO-PERP	+0.0904%	1h	315.69	+0.315%	$756K	$2.1M	10x	as long as short
Lighter TAO	+0.0928%	1h	315.59	+0.283%	$1.6M	$6.1M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.13	+0.772%	$1.5M	$6.4M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	315.79	+0.347%	$446K	$626K	5x	as long as short
Hyperliquid TAO	+0.1189%	1h	315.01	+0.099%	$99.2M	$97.4M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	320.94	+1.983%	$23K	$2K	12x	as long as short