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 Orderly+0.020%7-day average +0.001% · you sell dearer than you buy

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

Long on Orderly Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.094%+$9 on $10k

Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.020%, 7d avg +0.001%

Together, before fees+0.030%+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TAO_USDC	305.82	0.0100	pay 0.0050% / 4h	1h 13m	$59K	$276K	10x
Short	KuCoin TAOUSDTM	305.88	0.0100	get 0.0050% / 4h	1h 13m	$18.2M	$27.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Orderly. 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 OrderlybpFee KuCoinbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → +0.001%: $1.85
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$16.15
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; KuCoin: live order book, 5 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 Orderly no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 5 min ago	1.47 bp	25.7 bp −$26	38.1 bp −$381	doesn't fit	doesn't fit

Orderly: 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	305.64	−0.059%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0014%	1h	305.66	−0.053%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	305.70	−0.039%	$45K	$539K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	305.65	−0.056%	$85.5M	$414.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	305.70	−0.039%	$59.3M	$121.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	305.60	−0.072%	$24.6M	$95.4M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	305.88	+0.020%	$79K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	302.77	−0.997%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	305.70	−0.039%	$12.2M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	305.84	+0.007%	$113.7M	$125.8M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTMshort	+0.0100%	4h	305.88	+0.020%	$18.2M	$27.2M	75x
Bitget TAOUSDT	+0.0100%	4h	305.50	−0.105%	$34.1M	$45.8M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.62	−0.065%	—	$30.3M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.77	−0.017%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	305.94	+0.039%	$40K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.70	−0.038%	$505K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.91	+0.029%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	305.82	0.000%	$75K	$556K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.78	−0.012%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDClong	+0.0100%	4h	305.82	long leg	$59K	$276K	10x
SunX TAO-USDT	+0.0100%	4h	305.46	−0.118%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	305.88	+0.020%	$122K	$368K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.81	−0.003%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.95	+0.042%	$168K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	305.69	−0.043%	$625	$506K	5x	as long as short
Aster TAOUSDT	+0.0119%	4h	305.68	−0.047%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0154%	8h	305.58	−0.078%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	305.80	−0.007%	$361K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	305.58	−0.078%	$436K	—	100x	as long as short
Nado TAO-PERP	+0.0325%	1h	305.66	−0.052%	$825K	$1.9M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0336%	1h	305.87	+0.017%	$19K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	305.68	−0.046%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0352%	1h	306.10	+0.093%	$1.6M	$5.4M	5x	as long as short
01 Exchange TAOUSD	+0.0408%	1h	305.74	−0.026%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0451%	1h	305.98	+0.052%	$294K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	306.20	+0.124%	$320K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	305.72	−0.034%	$352	—	20x	as long as short
Extended TAO-USD	+0.0728%	1h	305.78	−0.012%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	306.84	+0.334%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1033%	1h	305.92	+0.031%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1092%	1h	306.15	+0.108%	$93.2M	$80.7M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	305.80	−0.006%	$416K	$544K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.952%	$22K	$264	12x	as long as short