Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against KuCoin−0.252%7-day average −0.009% · you buy dearer than you sell

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

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 4 days (all we have)+0.412%+$41 · spread now −0.252%, 7d avg −0.009%

Together, before fees+0.440%+$44 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: SunX is 0.243% cheaper against KuCoin than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	313.74	0.0100	pay 0.0050% / 4h	3h 28m	$17.4M	$32.3M	75x
Short	SunX TAO-USDT	312.95	0.0100	get 0.0050% / 4h	3h 28m	$2K	$1.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.252%Rate

Funding earned: $0
Price spread: −0.252% → −0.009%: −$24.31
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$44.31
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 11 min ago; SunX: live order book, 8 min ago. 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, 11 min ago	1.27 bp	16.1 bp −$16	30.3 bp −$303	96.6 bp −$9,658	doesn't fit
Sell SunX live order book, 8 min ago	500.07 bp	doesn't fit	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 −0.0003%	1h	313.11	−0.201%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.14	−0.191%	$49K	$698K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.88	+0.045%	$68.5M	$155.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.80	+0.019%	$26.2M	$128.9M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.14	+0.446%	$167K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.30	−0.140%	$14.9M	$49.7M	50x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	313.74	long leg	$17.4M	$32.3M	75x
Bitget TAOUSDT	+0.0100%	4h	313.36	−0.121%	$35.2M	$57.1M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.50	−0.394%	$535K	$833K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.73	−0.322%	$45K	$255K	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.20	−0.172%	$86K	$1.1M	5x	as long as short
SunX TAO-USDTshort	+0.0100%	4h	312.95	−0.252%	$2K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	313.20	−0.172%	$115K	$588K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.47	−0.086%	$3.1M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	312.92	−0.261%	$2K	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	313.14	−0.192%	$172K	$998	3x	as long as short
MEXC TAO_USDT	+0.0128%	4h	313.58	−0.051%	$105.4M	$152.5M	300x	as long as short
Binance TAOUSDT	+0.0131%	4h	313.80	+0.020%	$91.6M	$525.6M	75x	as long as short
edgeX TAOUSDC	+0.0140%	4h	312.92	−0.263%	$41K	$322K	10x	as long as short
dYdX TAO-USD	+0.0193%	1h	312.95	−0.253%	$126K	$86K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0217%	4h	313.73	−0.003%	$53K	$298K	10x	as long as short
Paradex TAO-USD-PERP	+0.0232%	8h	313.30	−0.139%	$14K	$876	10x	as long as short
Bullet TAO-USD	+0.0245%	1h	313.60	−0.045%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0296%	4h	313.57	−0.055%	$1.2M	$11.2M	50x	as long as short
BingX TAO-USDT	+0.0336%	4h	313.53	−0.067%	—	$38.4M	—	as long as short
Extended TAO-USD	+0.0344%	1h	313.80	+0.021%	$887K	$2.3M	25x	as long as short
Pacifica TAO	+0.0349%	1h	313.22	−0.165%	$361K	$445K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0359% / S −0.0107%	1h	313.12	−0.198%	$368K	—	100x	as long as short
BloFin TAO-USDT	+0.0368%	4h	313.54	−0.064%	$4.8M	$10.7M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	313.43	−0.099%	$99K	$362K	5x	as long as short
Hyperliquid TAO	+0.0476%	1h	313.68	−0.019%	$92.0M	$109.3M	5x	as long as short
Nado TAO-PERP	+0.0492%	1h	313.28	−0.147%	$759K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	313.60	−0.045%	$315K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0584%	1h	313.30	−0.140%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0593%	4h	312.65	−0.346%	$5.5M	$10.1M	—	as long as short
Lighter TAO	+0.0632%	1h	313.77	+0.010%	$1.6M	$6.6M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0673%	1h	313.74	0.000%	$309K	$1.0M	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	313.49	−0.081%	$361	—	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0712%	1h	313.76	+0.006%	$11K	$1.9M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0794%	1h	313.56	−0.056%	$6.0M	$21.3M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	313.04	−0.224%	$441K	$689K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	313.79	+0.016%	$1.1M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	318.23	+1.431%	$23K	$2K	12x	as long as short