TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0240%/8h= −26.3% APRnext payment −$1.20 per $10,000 · paid last 24h −0.072%

Price spread now: KuCoin against BloFin+0.222%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$630.630% of the position

Long on BloFin Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.421%−$42 on $10k

Price spread, last 3 days (all we have)−0.235%−$23 · spread now +0.222%, 7d avg −0.017%

Together, before fees−0.655%−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.239% dearer against BloFin than usual: you sell high and buy low (spread +0.222% now, against its 7-day average of −0.017%): +$24 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TAO-USDT	320.06	0.0340	pay 0.0170% / 4h	3h 45m	$4.5M	$10.9M	100x
Short	KuCoin TAOUSDTM	320.77	0.0100	get 0.0050% / 4h	3h 45m	$19.0M	$28.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against BloFin. 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 BloFinbpFee KuCoinbpOrdersPrice spread, now +0.222%Rate

Funding earned: −$50.4
Price spread: +0.222% → −0.017%: $23.9
Slippage, 4 orders: −$38.97
Fee BloFin: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$89.47
Costs to cover: 0.630%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; KuCoin: live order book, 4 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 BloFin live order book, 4 min ago	3.13 bp	11.6 bp −$12	20.4 bp −$204	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.34 bp	22.0 bp −$22	32.4 bp −$324	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	−0.0882%	1h	320.07	+0.003%	$170K	$44K	10x	as long as short
Phemex TAOUSDT	−0.0789%	4h	320.52	+0.144%	$3.5M	$7.9M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	319.95	−0.034%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.58	−0.150%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.28	+0.069%	$43K	$581K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	320.74	+0.213%	$92.7M	$441.8M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.90	+0.262%	$26.1M	$107.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.70	+0.200%	$13.0M	$49.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	320.76	+0.219%	$107.1M	$132.4M	300x	as long as short
KuCoin TAOUSDTMshort	+0.0100%	4h	320.77	+0.222%	$19.0M	$28.4M	75x

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	320.95	+0.278%	$35.8M	$49.4M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	320.20	+0.043%	$37K	$289K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	319.18	−0.275%	$48K	$269K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	320.10	+0.012%	$58K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.71	−0.109%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.77	+0.222%	$128K	$422K	20x	as long as short
Katana Perps TAO-USD	+0.0102%	8h	320.52	+0.144%	$656	$600K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	320.42	+0.113%	$176K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0089%	1h	319.65	−0.128%	$464K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	320.19	+0.041%	$379K	$373K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0192%	1h	320.04	−0.007%	$20K	$1.5M	25x	as long as short
Arcus TAO-USD	+0.0201%	1h	320.49	+0.134%	$85K	$545K	5x	as long as short
Aster TAOUSDT	+0.0232%	4h	320.21	+0.048%	$1.1M	$8.1M	50x	as long as short
Paradex TAO-USD-PERP	+0.0236%	8h	320.44	+0.120%	$15K	$1K	10x	as long as short
Bullet TAO-USD	+0.0248%	1h	320.00	−0.020%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0264%	4h	320.78	+0.225%	$532K	$946K	10x	as long as short
BloFin TAO-USDTlong	+0.0340%	4h	320.06	long leg	$4.5M	$10.9M	100x
Variational Omni TAO	+0.0341%	4h	319.24	−0.256%	$5.5M	$8.6M	—	as long as short
Polymarket Perps TAO-USD	+0.0394%	1h	320.49	+0.134%	$95K	$638K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0478%	1h	320.61	+0.171%	$5.8M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	319.70	−0.112%	$335K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	319.09	−0.303%	$23K	$649	12x	as long as short
BingX TAO-USDT	+0.0622%	4h	320.97	+0.284%	—	$30.8M	—	as long as short
Bybit TAOUSDT	+0.0671%	4h	321.05	+0.309%	$66.3M	$130.6M	50x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	320.00	−0.020%	$368	—	20x	as long as short
Nado TAO-PERP	+0.0758%	1h	320.30	+0.074%	$891K	$2.0M	10x	as long as short
01 Exchange TAOUSD	+0.0800%	1h	320.73	+0.209%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0969%	1h	321.25	+0.372%	$321K	$819K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	321.29	+0.384%	$1.5M	$6.1M	50x	as long as short
Extended TAO-USD	+0.1104%	1h	320.22	+0.049%	$938K	$2.2M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	320.36	+0.095%	$424K	$595K	5x	as long as short
Lighter TAO	+0.1640%	1h	321.23	+0.366%	$1.7M	$5.9M	5x	as long as short
Hyperliquid TAO	+0.2818%	1h	321.91	+0.578%	$104.9M	$89.4M	5x	as long as short