Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0564%/8h= −61.8% APRpaid last 24h −0.080%

Price spread now: KuCoin against 01 Exchange+0.022%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 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 pays, funding is against you. KuCoin is 0.022% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	320.08	0.0664	pay 0.0083% / 1h	33m 30s	$3K	$4K	5x
Short	KuCoin TAOUSDTM	320.15	0.0100	get 0.0050% / 4h	3h 33m	$18.3M	$29.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against 01 Exchange. 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 01 ExchangebpFee KuCoinbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$118.44
Price spread: +0.022% → 0.000%: $2.19
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$135.25
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 5 min ago	3.16 bp	17.5 bp −$18	31.9 bp −$319	doesn't fit	doesn't fit

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	−0.1322%	1h	319.84	−0.075%	$170K	$44K	10x	as long as short
Phemex TAOUSDT	−0.1078%	4h	319.49	−0.184%	$3.4M	$7.9M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	320.12	+0.012%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.34	−0.231%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.14	+0.019%	$42K	$589K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	320.14	+0.019%	$92.2M	$446.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.00	−0.025%	$26.3M	$109.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.90	−0.056%	$13.0M	$50.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	320.10	+0.006%	$108.3M	$134.2M	300x	as long as short
KuCoin TAOUSDTMshort	+0.0100%	4h	320.15	+0.022%	$18.3M	$29.1M	75x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	320.14	+0.019%	$35.8M	$50.3M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	319.52	−0.176%	$40K	$293K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	319.55	−0.166%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.38	−0.219%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.62	−0.144%	$128K	$424K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0104%	4h	320.01	−0.023%	$529K	$969K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	319.80	−0.087%	$176K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	320.14	+0.019%	$1K	$619K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0135%	1h	319.58	−0.155%	$18K	$1.6M	25x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0173% / S +0.0089%	1h	319.27	−0.254%	$466K	—	100x	as long as short
Bullet TAO-USD	+0.0177%	1h	319.84	−0.075%	$12K	$18K	20x	as long as short
Pacifica TAO	+0.0185%	1h	320.25	+0.053%	$379K	$374K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	320.63	+0.172%	$85K	$550K	5x	as long as short
Aster TAOUSDT	+0.0236%	4h	320.10	+0.006%	$1.1M	$8.3M	50x	as long as short
Paradex TAO-USD-PERP	+0.0243%	8h	320.21	+0.041%	$15K	$1K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	319.99	−0.028%	$4.5M	$10.9M	100x	as long as short
ApeX Omni TAOUSDT	+0.0344%	1h	319.23	−0.266%	$48K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0349%	1h	320.24	+0.050%	$94K	$638K	5x	as long as short
Variational Omni TAO	+0.0398%	4h	320.33	+0.077%	$5.6M	$8.7M	—	as long as short
BingX TAO-USDT	+0.0428%	4h	320.38	+0.094%	—	$30.5M	—	as long as short
Bybit TAOUSDT	+0.0469%	4h	320.36	+0.087%	$65.8M	$133.0M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0479%	1h	319.72	−0.113%	$5.8M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	317.50	−0.806%	$332K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	319.79	−0.091%	$23K	$666	12x	as long as short
01 Exchange TAOUSDlong	+0.0664%	1h	320.08	long leg	$3K	$4K	5x
Reya TAORUSDPERP	+0.0695%	1h	319.63	−0.141%	$368	—	20x	as long as short
Nado TAO-PERP	+0.0758%	1h	320.20	+0.037%	$894K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0899%	1h	319.89	−0.059%	$323K	$819K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	320.73	+0.203%	$1.5M	$6.3M	50x	as long as short
Extended TAO-USD	+0.1136%	1h	320.33	+0.079%	$936K	$2.2M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	320.29	+0.064%	$426K	$600K	5x	as long as short
Lighter TAO	+0.1440%	1h	320.69	+0.190%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2331%	1h	320.51	+0.134%	$103.6M	$90.8M	5x	as long as short