TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0016%/8h= −1.8% APRnext payment −$0.08 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against BingX+0.051%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$510.512% of the position

Long on BingX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.046%−$5 on $10k

Price spread, last 7 days−0.014%−$1 · spread now +0.051%, 7d avg +0.016%

Together, before fees−0.060%−$6 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.036% dearer against BingX than usual: you sell high and buy low (spread +0.051% now, against its 7-day average of +0.016%): +$4 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 7.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	313.07	0.0116	pay 0.0058% / 4h	36m 42s	—	$30.0M	—
Short	KuCoin TAOUSDTM	313.23	0.0100	get 0.0050% / 4h	36m 42s	$17.4M	$31.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BingX. 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 BingXbpFee KuCoinbpOrdersPrice spread, now +0.051%Rate

Funding earned: −$3.36
Price spread: +0.051% → +0.016%: $3.56
Slippage, 4 orders: −$29.15
Fee BingX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$50.95
Costs to cover: 0.512%
Break-even: never at this rate

Slippage from BingX: live order book, 2 min ago; KuCoin: live order book, 2 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 BingX live order book, 2 min ago	0.63 bp	7.3 bp −$7	14.2 bp −$142	25.5 bp −$2,552	52.9 bp −$26.4K
Sell KuCoin live order book, 2 min ago	1.75 bp	21.3 bp −$21	31.9 bp −$319	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	−0.0482%	1h	315.13	+0.658%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.15	+0.026%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.72	+0.527%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.68	+0.514%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.82	+0.559%	$42K	$688K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.36	+0.094%	$90.3M	$491.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.10	+0.010%	$25.8M	$119.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.90	−0.054%	$12.8M	$49.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.49	+0.134%	$106.8M	$142.9M	300x	as long as short
KuCoin TAOUSDTMshort	+0.0100%	4h	313.23	+0.051%	$17.4M	$31.7M	75x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	313.05	−0.006%	$35.0M	$56.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.76	+0.860%	$35K	$303K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.75	+0.856%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.99	+0.613%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.08	+0.642%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.81	+0.556%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.81	+0.556%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.72	+0.527%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	314.95	+0.601%	$645	$787K	5x	as long as short
Bybit TAOUSDT	+0.0102%	4h	313.24	+0.054%	$68.3M	$147.3M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0104%	4h	316.85	+1.208%	$528K	$944K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.79	+0.549%	$173K	$998	3x	as long as short
BingX TAO-USDTlong	+0.0116%	4h	313.07	long leg	—	$30.0M	—
Orderly PERP_TAO_USDC	+0.0127%	4h	314.56	+0.476%	$57K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0150% / S +0.0123%	1h	314.63	+0.499%	$419K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0184%	8h	315.51	+0.779%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0185%	1h	315.02	+0.624%	$803K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0208%	4h	313.43	+0.116%	$1.2M	$10.2M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0231%	1h	314.61	+0.492%	$11K	$1.6M	25x	as long as short
Hyperliquid TAO	+0.0255%	1h	313.24	+0.053%	$92.3M	$106.0M	5x	as long as short
01 Exchange TAOUSD	+0.0256%	1h	315.19	+0.677%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0272%	1h	313.37	+0.096%	$917K	$2.4M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0337%	1h	313.89	+0.262%	$314K	$913K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.41	+0.428%	$4.5M	$10.8M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.49	+0.773%	$99K	$488K	5x	as long as short
Pacifica TAO	+0.0365%	1h	313.37	+0.096%	$357K	$411K	10x	as long as short
Lighter TAO	+0.0408%	1h	313.75	+0.218%	$1.5M	$6.5M	5x	as long as short
Phoenix TAO	+0.0581%	1h	317.30	+1.351%	$316K	$697K	5x	as long as short
Variational Omni TAO	+0.0615%	4h	315.95	+0.919%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.10	+0.649%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.16	+0.668%	$437K	$656K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.66	+0.827%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.92	+2.188%	$23K	$2K	12x	as long as short