Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against HTX+0.140%7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$276as in the Funding arb table

Net, price: spread back to 7d avg − costs−$278as in the Price arb table

costs, in and out, $10k−$2812.810% of the position

Long on HTX 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 4 days (all we have)+0.007%+$1 · spread now +0.140%, 7d avg +0.109%

Together, before fees+0.053%+$5 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.031% dearer against HTX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.109%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	313.62	0.0100	pay 0.0050% / 4h	2h 44m	$111K	$545K	20x
Short	KuCoin TAOUSDTM	314.06	0.0100	get 0.0050% / 4h	2h 44m	$17.4M	$31.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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 HTXbpFee KuCoinbpOrdersPrice spread, now +0.140%Rate

Funding earned: $0
Price spread: +0.140% → +0.109%: $3.13
Slippage, 4 orders: −$256.95
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$277.83
Costs to cover: 2.810%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; KuCoin: live order book, 9 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 HTX live order book, 4 min ago	7.03 bp	108.0 bp −$108	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	1.76 bp	15.7 bp −$16	31.7 bp −$317	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
dYdX TAO-USD	0.0000%	1h	313.73	+0.035%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.82	+0.065%	$22K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	314.16	+0.172%	$643	$890K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.30	+0.217%	$89.8M	$505.3M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.20	+0.185%	$26.2M	$122.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.90	+0.089%	$13.7M	$50.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.37	+0.239%	$105.7M	$144.8M	300x	as long as short
KuCoin TAOUSDTMshort	+0.0100%	4h	314.06	+0.140%	$17.4M	$31.4M	75x
Bitget TAOUSDT	+0.0100%	4h	313.87	+0.080%	$35.3M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.67	+0.017%	$41K	$315K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.97	+0.112%	$81K	$910K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.85	+0.073%	$1K	$1.9M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	313.62	long leg	$111K	$545K	20x
Aevo TAO-PERP	+0.0104%	1h	314.01	+0.126%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	313.93	+0.099%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0132% / S +0.0137%	1h	313.78	+0.052%	$420K	—	100x	as long as short
Bulk TAO-USD	+0.0138%	1h	312.42	−0.382%	$166K	$333	10x	as long as short
Aster TAOUSDT	+0.0166%	4h	314.34	+0.230%	$1.3M	$10.5M	50x	as long as short
Pacifica TAO	+0.0233%	1h	314.39	+0.244%	$358K	$419K	10x	as long as short
Paradex TAO-USD-PERP	+0.0241%	8h	314.18	+0.180%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0251%	4h	313.86	+0.077%	$3.2M	$7.9M	50x	as long as short
Nado TAO-PERP	+0.0253%	1h	314.23	+0.194%	$781K	$2.2M	10x	as long as short
Popdex TAOUSDT	+0.0280%	1h	314.30	+0.217%	$49K	$662K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0286%	4h	313.59	−0.009%	$533K	$942K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.18	+0.178%	$5.7M	$21.2M	50x	as long as short
ApeX Omni TAOUSDT	+0.0317%	1h	313.78	+0.051%	$44K	$256K	50x	as long as short
Bullet TAO-USD	+0.0335%	1h	314.27	+0.207%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.18	+0.179%	$4.5M	$10.9M	100x	as long as short
BingX TAO-USDT	+0.0384%	4h	314.13	+0.163%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0390%	4h	313.71	+0.029%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0408%	1h	314.04	+0.133%	$903K	$2.4M	25x	as long as short
Bybit TAOUSDT	+0.0423%	4h	314.28	+0.210%	$68.1M	$151.4M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0434%	1h	313.99	+0.119%	$11K	$1.8M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	314.36	+0.236%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	314.00	+0.121%	$312K	$713K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.01	+0.126%	$361	—	20x	as long as short
Hyperliquid TAO	+0.0751%	1h	314.50	+0.281%	$92.0M	$108.6M	5x	as long as short
01 Exchange TAOUSD	+0.0800%	1h	314.69	+0.341%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0810%	1h	314.28	+0.210%	$310K	$886K	10x	as long as short
Lighter TAO	+0.0880%	1h	314.53	+0.291%	$1.5M	$6.5M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	315.00	+0.440%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	314.08	+0.148%	$453K	$651K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	316.07	+0.781%	$23K	$2K	12x	as long as short