Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: ApeX Omni against KuCoin+0.309%82s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.511% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.290%+$29 · spread now +0.309%, 7d avg +0.030%

Together, before fees+0.331%+$33 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: ApeX Omni is 0.279% dearer against KuCoin than usual: you sell high and buy low, +$28 on $10k if it goes back to its 7-day average of +0.030%. The two prices were read 82 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	314.41	0.0100	pay 0.0050% / 4h	10m 15s	$17.7M	$31.7M	75x
Short	ApeX Omni TAOUSDT	315.38	0.0100	get 0.0013% / 1h	10m 15s	$46K	$255K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.309%Rate

Funding earned: $0
Price spread: +0.309% → +0.030%: $27.9
Slippage, 4 orders: −$29.13
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$23.23
Costs to cover: 0.511%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; ApeX Omni: live order book, 46 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 KuCoin live order book, 9 min ago	1.75 bp	12.4 bp −$12	34.9 bp −$349	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 46 min ago	5.36 bp	13.0 bp −$13	133.3 bp −$1,333	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	314.30	−0.035%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.42	+0.003%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.60	+0.060%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.59	+0.057%	$43K	$669K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.53	+0.038%	$644	$799K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.52	+0.035%	$90.9M	$495.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.61	+0.064%	$67.8M	$149.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.40	−0.003%	$26.0M	$120.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.30	−0.035%	$12.9M	$50.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.58	+0.054%	$110.7M	$144.2M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTMlong	+0.0100%	4h	314.41	long leg	$17.7M	$31.7M	75x
Bitget TAOUSDT	+0.0100%	4h	314.53	+0.038%	$35.2M	$56.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.51	+0.032%	—	$32.8M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.09	+0.216%	$42K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.71	+0.094%	$521K	$956K	10x	as long as short
ApeX Omni TAOUSDTshort	+0.0100%	1h	315.38	+0.309%	$46K	$255K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	314.42	+0.003%	$77K	$860K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.60	+0.061%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.53	+0.038%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.20	−0.067%	$109K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.46	+0.016%	$3.2M	$8.1M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	314.68	+0.086%	$167K	$2K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.69	+0.088%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	314.64	+0.073%	$52K	$271K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0145% / S +0.0122%	1h	314.38	−0.008%	$427K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0154%	8h	314.62	+0.068%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0171%	4h	314.51	+0.031%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0200%	1h	314.49	+0.025%	$923K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0218%	1h	314.69	+0.090%	$800K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0275%	1h	314.71	+0.095%	$92.6M	$106.6M	5x	as long as short
01 Exchange TAOUSD	+0.0328%	1h	314.76	+0.111%	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.51	+0.032%	$4.6M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	314.88	+0.149%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0347%	1h	314.56	+0.048%	$315K	$913K	10x	as long as short
Lighter TAO	+0.0360%	1h	314.83	+0.135%	$1.5M	$6.5M	5x	as long as short
Pacifica TAO	+0.0365%	1h	314.49	+0.026%	$359K	$412K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0417%	1h	314.74	+0.106%	$23K	$1.7M	25x	as long as short
Variational Omni TAO	+0.0450%	4h	315.00	+0.187%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.10	+0.219%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.51	+0.031%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	314.63	+0.072%	$437K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.30	+0.283%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.19	+1.202%	$23K	$2K	12x	as long as short