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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 07:00 UTC+0.0541%/8h= +59.3% APRpaid last 24h +0.020%
Price spread now: Arcus against KuCoin+0.348%7-day average +0.071% · you sell dearer than you buy
Net, funding: paid 7d − costs—under 7 days of funding history
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$610.610% of the position
Long on KuCoinShort on Arcus
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.029%+$3 on $10k
Price spread, last 4 days (all we have)−0.289%−$29 · spread now +0.348%, 7d avg +0.071%
Together, before fees−0.260%−$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$16 a day on $10k at the current rate, and Arcus is 0.277% dearer against KuCoin than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.071%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.029% in total (about 2.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TAOUSDTM319.340.0100pay 0.0050% / 4h1h 39m$17.8M$32.1M75x
ShortArcus TAO-USD320.450.0641get 0.0080% / 1h39m 50s$103K$394K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Arcus 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

Funding earned
$113.71
Price spread: +0.348% → +0.071%
$27.69
Slippage, 4 orders
−$44.46
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Arcus: 2.25 bp × 2 orders
−$4.5
Net
$80.43
Costs to cover
0.610%
Break-even
2.0 days
Slippage from KuCoin: live order book, 9 min ago; Arcus: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 9 min ago1.09 bp20.3 bp −$2033.0 bp −$330doesn't fitdoesn't fit
Sell Arcus live order book, 4 min ago3.28 bp14.8 bp −$1528.2 bp −$282doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.2019%1h319.65+0.097%$170K$33310xas long as short
dYdX TAO-USD0.0000%1h319.66+0.100%$127K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h319.54+0.061%$20K—150xas long as short
Popdex TAOUSDT+0.0096%1h320.22+0.276%$41K$696K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h319.30−0.013%$26.5M$129.1M50xas long as short
Gate TAO_USDT+0.0100%4h319.20−0.044%$14.2M$51.7M50xas long as short
KuCoin TAOUSDTMlong+0.0100%4h319.34long leg$17.8M$32.1M75x
Bitget TAOUSDT+0.0100%4h319.05−0.091%$35.8M$58.4M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h319.81+0.147%$45K$258K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h320.00+0.207%$79K$1.1M5xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDT+0.0100%4h319.33−0.003%$1K$2.0M20xas long as short
HTX TAO-USDT+0.0100%4h319.46+0.038%$118K$588K20xas long as short
Katana Perps TAO-USD+0.0109%8h320.04+0.219%$726$1.0M5xas long as short
Phemex TAOUSDT+0.0117%4h319.86+0.163%$3.3M$8.1M50xas long as short
Orderly PERP_TAO_USDC+0.0120%4h319.66+0.100%$53K$292K10xas long as short
Aevo TAO-PERP+0.0120%1h319.73+0.124%$176K$9983xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0120% / S +0.0157%1h319.48+0.045%$432K—100xas long as short
edgeX TAOUSDC+0.0152%4h320.03+0.217%$42K$318K10xas long as short
MEXC TAO_USDT+0.0156%4h319.38+0.013%$104.9M$149.7M300xas long as short
Binance TAOUSDT+0.0158%4h319.44+0.031%$92.4M$527.3M75xas long as short
Paradex TAO-USD-PERP+0.0262%8h320.06+0.226%$15K$1K10xas long as short
Aster TAOUSDT+0.0314%4h319.59+0.077%$1.3M$10.9M50xas long as short
Bybit TAOUSDT+0.0380%4h319.54+0.063%$69.8M$155.8M50xas long as short
Bullet TAO-USD+0.0389%1h319.84+0.158%$12K$17K20xas long as short
BloFin TAO-USDT+0.0398%4h319.77+0.135%$4.7M$11.1M100xas long as short
BingX TAO-USDT+0.0398%4h319.42+0.025%—$34.5M—as long as short
GRVT TAO_USDT_Perp+0.0408%4h319.70+0.112%$544K$940K10xas long as short
Extended TAO-USD+0.0488%1h319.31−0.011%$917K$2.4M25xas long as short
Pacifica TAO+0.0525%1h320.13+0.247%$365K$423K10xas long as short
Variational Omni TAO+0.0535%4h319.70+0.112%$5.6M$10.2M—as long as short
Deribit TAO_USDC-PERPETUAL+0.0540%1h319.62+0.088%$14K$1.9M25xas long as short
Phoenix TAO+0.0567%1h320.30+0.301%$319K$709K5xas long as short
01 Exchange TAOUSD+0.0632%1h320.41+0.335%$3K$4K5xas long as short
Arcus TAO-USDshort+0.0641%1h320.45+0.348%$103K$394K5x
Nado TAO-PERP+0.0646%1h320.14+0.251%$802K$2.2M10xas long as short
Hyperliquid TAO+0.0654%1h319.69+0.110%$94.4M$110.2M5xas long as short
Backpack TAO_USDC_PERP+0.0677%1h319.53+0.059%$300K$904K10xas long as short
Reya TAORUSDPERP+0.0698%1h319.82+0.151%$368—20xas long as short
Lighter TAO+0.0864%1h319.89+0.172%$1.5M$6.7M5xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h320.89+0.485%$1.5M$6.9M50xas long as short
RISEx TAO/USDC+0.1077%1h320.06+0.226%$462K$663K5xas long as short
Kraken Futures PF_TAOUSD+0.1154%1h319.80+0.144%$6.0M$21.7M50xas long as short
Injective TAO/USDC PERP+0.4723%1h323.63+1.343%$24K$2K12xas long as short