Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against MEXC+0.003%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$330.329% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 7 days+0.006%+$1 · spread now +0.003%, 7d avg +0.013%

Together, before fees+0.041%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	309.41	0.0100	pay 0.0050% / 4h	1h 03m	$116.7M	$126.5M	300x
Short	KuCoin TAOUSDTM	309.42	0.0100	get 0.0050% / 4h	1h 03m	$18.6M	$27.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.003%Rate

Funding earned: $0
Price spread: +0.003% → +0.013%: −$0.95
Slippage, 4 orders: −$20.92
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$33.87
Costs to cover: 0.329%
Break-even: never at this rate

Slippage from MEXC: live order book, 10 min ago; KuCoin: 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 MEXC live order book, 10 min ago	0.49 bp	2.0 bp −$2	5.2 bp −$52	31.0 bp −$3,097	126.2 bp −$63.1K
Sell KuCoin live order book, 5 min ago	0.81 bp	14.3 bp −$14	21.3 bp −$213	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
Bulk TAO-USD	−0.0396%	1h	305.88	−1.142%	$163K	$52K	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	309.15	−0.084%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0012%	1h	308.50	−0.294%	$124K	$88K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.80	−0.197%	$45K	$542K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	309.50	+0.029%	$86.8M	$415.4M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	309.56	+0.048%	$60.3M	$121.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	309.40	−0.003%	$24.9M	$97.0M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	309.08	−0.107%	$80K	$643K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	309.20	−0.068%	$12.3M	$49.3M	50x	as long as short
MEXC TAO_USDTlong	+0.0100%	4h	309.41	long leg	$116.7M	$126.5M	300x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTMshort	+0.0100%	4h	309.42	+0.003%	$18.6M	$27.2M	75x
Bitget TAOUSDT	+0.0100%	4h	309.17	−0.078%	$34.5M	$45.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	309.39	−0.006%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.10	−0.746%	$40K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.22	−0.709%	$508K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.07	−0.756%	$46K	$270K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	309.35	−0.019%	$76K	$550K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	309.47	+0.019%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	309.24	−0.055%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	309.26	−0.048%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	309.66	+0.081%	$123K	$371K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	309.26	−0.048%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	309.63	+0.073%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	308.98	−0.139%	$1K	$511K	5x	as long as short
Variational Omni TAO	+0.0118%	4h	307.52	−0.610%	$3.7M	$6.7M	—	as long as short
Aster TAOUSDT	+0.0138%	4h	309.49	+0.026%	$1.1M	$7.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0159%	8h	308.78	−0.205%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	308.80	−0.197%	$365K	$369K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	309.15	−0.085%	$441K	—	100x	as long as short
Nado TAO-PERP	+0.0312%	1h	309.41	+0.001%	$845K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.78	−0.204%	$4.3M	$9.5M	100x	as long as short
Lighter TAO	+0.0352%	1h	309.55	+0.046%	$1.7M	$5.4M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0391%	1h	309.39	−0.006%	$21K	$1.4M	25x	as long as short
01 Exchange TAOUSD	+0.0424%	1h	309.22	−0.061%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0469%	1h	309.50	+0.029%	$297K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	307.10	−0.747%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	309.34	−0.023%	$356	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	309.32	−0.028%	$838K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	309.41	0.000%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1021%	1h	309.48	+0.022%	$5.8M	$19.6M	50x	as long as short
RISEx TAO/USDC	+0.1155%	1h	308.98	−0.139%	$421K	$533K	5x	as long as short
Hyperliquid TAO	+0.1182%	1h	309.95	+0.175%	$94.6M	$80.9M	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	−0.220%	$22K	$264	12x	as long as short