Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0556%/8h= +60.9% APRpaid last 24h +0.085%

Price spread now: 01 Exchange against KuCoin−0.003%56s7-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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$17 a day on $10k at the current rate. The two prices were read 56 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	316.20	0.0100	pay 0.0050% / 4h	1h 05m	$17.6M	$31.7M	75x
Short	01 Exchange TAOUSD	316.19	0.0656	get 0.0082% / 1h	5m 48s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.003%Rate

Funding earned: $116.76
Price spread: −0.003% → 0.000%: −$0.32
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $97.44
Costs to cover: 0.190%
Break-even: 1.2 days

Slippage unknown: KuCoin: live order book, 3 min ago; 01 Exchange: 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, 3 min ago	1.73 bp	17.8 bp −$18	26.3 bp −$263	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	−0.1916%	1h	325.17	+2.837%	$172K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.01	−0.060%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.72	−0.153%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.25	+0.016%	$40K	$687K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.29	+0.029%	$91.9M	$490.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.40	+0.063%	$26.0M	$120.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.00	−0.063%	$13.0M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.43	+0.073%	$104.7M	$144.2M	300x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	316.20	long leg	$17.6M	$31.7M	75x
Bitget TAOUSDT	+0.0100%	4h	316.29	+0.028%	$35.3M	$56.1M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.23	+0.324%	$36K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.15	−0.016%	$88K	$797K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.61	−0.187%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.95	−0.079%	$109K	$529K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.95	−0.081%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	315.96	−0.076%	$673	$778K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0127%	4h	315.70	−0.158%	$57K	$275K	10x	as long as short
Bullet TAO-USD	+0.0143%	1h	316.03	−0.054%	$12K	$18K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0156% / S +0.0113%	1h	315.72	−0.153%	$428K	—	100x	as long as short
Phemex TAOUSDT	+0.0177%	4h	315.92	−0.089%	$3.2M	$8.1M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0178%	4h	317.27	+0.339%	$528K	$965K	10x	as long as short
Paradex TAO-USD-PERP	+0.0237%	8h	316.48	+0.088%	$14K	$1K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0248%	1h	315.87	−0.104%	$5.6M	$20.8M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0249%	1h	315.89	−0.098%	$15K	$1.7M	25x	as long as short
Aster TAOUSDT	+0.0264%	4h	316.04	−0.049%	$1.2M	$10.1M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.76	−0.139%	$4.5M	$10.9M	100x	as long as short
ApeX Omni TAOUSDT	+0.0349%	1h	316.96	+0.240%	$47K	$252K	50x	as long as short
Bybit TAOUSDT	+0.0376%	4h	316.45	+0.079%	$69.4M	$146.1M	50x	as long as short
BingX TAO-USDT	+0.0386%	4h	316.15	−0.016%	—	$30.4M	—	as long as short
Pacifica TAO	+0.0448%	1h	316.27	+0.023%	$372K	$413K	10x	as long as short
Phoenix TAO	+0.0504%	1h	317.70	+0.474%	$332K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	316.81	+0.193%	$100K	$488K	5x	as long as short
Nado TAO-PERP	+0.0577%	1h	316.39	+0.059%	$825K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0600%	1h	316.14	−0.019%	$927K	$2.4M	25x	as long as short
01 Exchange TAOUSDshort	+0.0656%	1h	316.19	−0.003%	$3K	$4K	5x
Reya TAORUSDPERP	+0.0696%	1h	316.08	−0.038%	$363	—	20x	as long as short
Lighter TAO	+0.0712%	1h	316.32	+0.037%	$1.6M	$6.4M	5x	as long as short
Variational Omni TAO	+0.0758%	4h	315.94	−0.081%	$5.9M	$9.8M	—	as long as short
Backpack TAO_USDC_PERP	+0.0833%	1h	316.24	+0.013%	$314K	$927K	10x	as long as short
Hyperliquid TAO	+0.0954%	1h	316.40	+0.063%	$95.5M	$104.2M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.08	+0.278%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	316.26	+0.021%	$436K	$661K	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	321.62	+1.714%	$23K	$2K	12x	as long as short