Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0594%/8h= +65.1% APRpaid last 24h +0.177%

Price spread now: Reya against KuCoin−0.023%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.023% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 3 hours of funding at the current rate (+$18 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	303.85	0.0100	pay 0.0050% / 4h	1h 48m	$18.2M	$26.9M	75x
Short	Reya TAORUSDPERP	303.78	0.0694	get 0.0087% / 1h	48m 20s	$349	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.023%Rate

Funding earned: $124.84
Price spread: −0.023% → 0.000%: −$2.27
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $104.57
Costs to cover: 0.180%
Break-even: 1.1 days

Slippage unknown: KuCoin: live order book, 6 min ago; Reya: 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	1.30 bp	18.6 bp −$19	29.1 bp −$291	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
Bulk TAO-USD	−0.0466%	1h	307.38	+1.162%	$202K	$17K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	303.87	+0.007%	$125K	$87K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	303.66	−0.062%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	304.01	+0.053%	$43K	$533K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	303.76	−0.030%	$85.3M	$409.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	303.86	+0.003%	$58.9M	$120.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	303.60	−0.082%	$24.4M	$94.4M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.43	+0.191%	$79K	$642K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	303.60	−0.082%	$12.1M	$48.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	303.80	−0.016%	$120.6M	$123.9M	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	303.85	long leg	$18.2M	$26.9M	75x
Bitget TAOUSDT	+0.0100%	4h	303.70	−0.049%	$34.0M	$45.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	303.76	−0.030%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.07	+0.401%	$3.6M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	304.88	+0.340%	$39K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	304.81	+0.316%	$504K	$977K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	306.50	+0.872%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	303.92	+0.023%	$77K	$607K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.92	+0.024%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.72	−0.043%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.40	−0.148%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.88	+0.010%	$120K	$355K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.85	0.000%	$3.2M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.82	−0.009%	$167K	$998	3x	as long as short
Aster TAOUSDT	+0.0111%	4h	303.73	−0.039%	$1.1M	$7.6M	50x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	303.99	+0.046%	$2K	$488K	5x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	303.93	+0.026%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	304.04	+0.063%	$359K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	303.59	−0.086%	$434K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0212%	1h	303.54	−0.101%	$22K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.61	−0.079%	$4.3M	$9.3M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0354%	1h	303.78	−0.023%	$376K	$756K	10x	as long as short
Lighter TAO	+0.0384%	1h	304.13	+0.094%	$1.7M	$5.2M	5x	as long as short
01 Exchange TAOUSD	+0.0408%	1h	304.29	+0.145%	$3K	$4K	5x	as long as short
Nado TAO-PERP	+0.0481%	1h	303.80	−0.016%	$827K	$1.9M	10x	as long as short
Phoenix TAO	+0.0521%	1h	307.40	+1.168%	$326K	$491K	5x	as long as short
Reya TAORUSDPERPshort	+0.0694%	1h	303.78	−0.023%	$349	—	20x
Extended TAO-USD	+0.0840%	1h	303.71	−0.045%	$840K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	305.27	+0.467%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1040%	1h	303.64	−0.069%	$5.8M	$19.8M	50x	as long as short
RISEx TAO/USDC	+0.1155%	1h	304.31	+0.153%	$410K	$545K	5x	as long as short
Hyperliquid TAO	+0.1364%	1h	304.09	+0.079%	$93.2M	$79.5M	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.606%	$22K	$264	12x	as long as short