Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0071%/8h= +7.8% APRpaid last 24h +0.120%

Price spread now: Kraken Futures against MEXC−0.088%7-day average +0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$360.358% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.264%+$26 on $10k

Price spread, last 3 days (all we have)+0.164%+$16 · spread now −0.088%, 7d avg +0.055%

Together, before fees+0.428%+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.143% cheaper against MEXC than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of +0.055%). If the spread goes back, that is −$14 on $10k: about 6.6 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	308.23	0.0100	pay 0.0050% / 4h	2h 41m	$102.6M	$137.4M	300x
Short	Kraken Futures PF_TAOUSD	307.96	0.0171	get 0.0021% / 1h	41m 01s	$5.5M	$20.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now −0.088%Rate

Funding earned: $15.01
Price spread: −0.088% → +0.055%: −$14.25
Slippage, 4 orders: −$25.81
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$35.04
Costs to cover: 0.358%
Break-even: 23.3 days

Slippage from MEXC: live order book, 3 min ago; Kraken Futures: live order book, 3 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 MEXC live order book, 3 min ago	1.62 bp	2.7 bp −$3	11.6 bp −$116	37.9 bp −$3,789	98.7 bp −$49.4K
Sell Kraken Futures live order book, 3 min ago	8.40 bp	14.4 bp −$14	28.5 bp −$285	131.1 bp −$13.1K	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
dYdX TAO-USD	0.0000%	1h	308.00	−0.075%	$123K	$87K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	307.63	−0.194%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.08	−0.049%	$45K	$606K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	308.23	0.000%	$88.9M	$459.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.30	+0.023%	$25.2M	$108.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	308.00	−0.075%	$12.5M	$49.6M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	308.23	long leg	$102.6M	$137.4M	300x
KuCoin TAOUSDTM	+0.0100%	4h	308.17	−0.019%	$17.9M	$30.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.32	+0.029%	$34.5M	$52.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.15	+0.297%	$34K	$298K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	309.02	+0.257%	$515K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.11	+0.286%	$46K	$268K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.00	−0.075%	$56K	$283K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.79	−0.143%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.15	−0.350%	$126K	$471K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.01	−0.071%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	308.10	−0.042%	$630	$678K	5x	as long as short
Aster TAOUSDT	+0.0166%	4h	308.06	−0.055%	$1.2M	$9.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0170% / S +0.0099%	1h	307.65	−0.188%	$417K	—	100x	as long as short
Kraken Futures PF_TAOUSDshort	+0.0171%	1h	307.96	−0.088%	$5.5M	$20.3M	50x
Deribit TAO_USDC-PERPETUAL	+0.0184%	1h	307.94	−0.095%	$15K	$1.5M	25x	as long as short
Bullet TAO-USD	+0.0229%	1h	307.93	−0.097%	$12K	$17K	20x	as long as short
Polymarket Perps TAO-USD	+0.0240%	1h	308.16	−0.023%	$77K	$643K	5x	as long as short
Paradex TAO-USD-PERP	+0.0275%	8h	308.19	−0.013%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0285%	1h	308.17	−0.019%	$364K	$378K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	308.40	+0.055%	$81K	$551K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.16	+0.951%	$4.4M	$10.7M	100x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	315.63	+2.401%	$23K	$2K	12x	as long as short
Phemex TAOUSDT	+0.0555%	4h	307.99	−0.078%	$3.3M	$8.0M	50x	as long as short
Nado TAO-PERP	+0.0583%	1h	308.23	−0.001%	$752K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	308.80	+0.185%	$323K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	308.42	+0.062%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	308.09	−0.044%	$354	—	20x	as long as short
Variational Omni TAO	+0.0734%	4h	308.15	−0.027%	$5.3M	$8.9M	—	as long as short
BingX TAO-USDT	+0.0736%	4h	308.46	+0.075%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0810%	4h	308.49	+0.084%	$63.0M	$135.6M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0855%	1h	308.38	+0.049%	$312K	$814K	10x	as long as short
Extended TAO-USD	+0.0968%	1h	308.00	−0.075%	$885K	$2.4M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	308.15	−0.026%	$1.4M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	308.29	+0.019%	$410K	$604K	5x	as long as short
Hyperliquid TAO	+0.1268%	1h	308.73	+0.162%	$97.9M	$93.1M	5x	as long as short
Lighter TAO	+0.1376%	1h	308.64	+0.135%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.3743%	1h	312.40	+1.353%	$166K	$40K	10x	as long as short