Funding you earn now, next payment 04:00 UTC+0.0239%/8h= +26.2% APRpaid last 24h +0.066%
Price spread now: Backpack against KuCoin+0.013%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$490.487% of the position
Funding, last 7 days+0.096%+$10 on $10k
+Price spread, last 4 days (all we have)−0.011%−$1 · spread now +0.013%, 7d avg +0.040%
=Funding pays, the price is against you. Backpack is 0.028% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.040%). If the spread goes back, that is −$3 on $10k: about 9 hours of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.096% in total) that is about 2.0 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TAOUSDTM | 314.79 | 0.0100 | pay 0.0050% / 4h | 39m 08s | $17.5M | $31.6M | 75x |
| Short | Backpack TAO_USDC_PERP | 314.83 | 0.0339 | get 0.0042% / 1h | 39m 08s | $315K | $913K | 10x |
KuCoin TAOUSDTM
Backpack TAO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $50.28
- Price spread: +0.013% → +0.040%
- −$2.77
- Slippage, 4 orders
- −$26.68
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$1.17
- Costs to cover
- 0.487%
- Break-even
- 7.2 days
Slippage from KuCoin: live order book, 5 min ago; Backpack: live order book, 20 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, 5 min ago | 0.79 bp | 17.4 bp −$17 | 30.2 bp −$302 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 20 min ago | 2.85 bp | 7.9 bp −$8 | 42.9 bp −$429 | 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 | +0.108% | $167K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 315.72 | +0.295% | $126K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 314.93 | +0.044% | $20K | — | 150x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0056% | 1h | 314.78 | −0.004% | $5.5M | $20.6M | 50x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 315.97 | +0.375% | $42K | $686K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 315.13 | +0.107% | $90.8M | $490.9M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 315.30 | +0.162% | $25.9M | $119.7M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.70 | −0.029% | $12.9M | $49.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 314.98 | +0.060% | $105.7M | $142.7M | 300x | as long as short |
| KuCoin TAOUSDTMlong | +0.0100% | 4h | 314.79 | long leg | $17.5M | $31.6M | 75x |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Kraken Futures PF_TAOUSD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TAOUSDT | +0.0100% | 4h | 314.70 | −0.029% | $35.2M | $55.9M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 315.41 | +0.198% | $35K | $302K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.94 | +0.048% | $46K | $252K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 315.73 | +0.299% | $89K | $790K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 315.25 | +0.145% | $12K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.80 | +0.003% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.75 | −0.013% | $109K | $527K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 314.81 | +0.006% | $3.2M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0101% | 8h | 315.58 | +0.251% | $1K | $787K | 5x | as long as short |
| GRVT TAO_USDT_Perp | +0.0104% | 4h | 316.85 | +0.655% | $528K | $944K | 10x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 315.05 | +0.083% | $173K | $998 | 3x | as long as short |
| Bybit TAOUSDT | +0.0116% | 4h | 315.36 | +0.181% | $68.5M | $146.8M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0126% | 1h | 314.88 | +0.027% | $11K | $1.6M | 25x | as long as short |
| Orderly PERP_TAO_USDC | +0.0127% | 4h | 314.81 | +0.006% | $57K | $275K | 10x | as long as short |
| BingX TAO-USDT | +0.0146% | 4h | 314.86 | +0.022% | — | $30.1M | — | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0151% / S +0.0122% | 1h | 314.96 | +0.054% | $421K | — | 100x | as long as short |
| Nado TAO-PERP | +0.0183% | 1h | 315.72 | +0.296% | $805K | $2.2M | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0186% | 8h | 315.90 | +0.352% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0224% | 4h | 314.96 | +0.055% | $1.2M | $10.2M | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0248% | 1h | 316.01 | +0.388% | $3K | $4K | 5x | as long as short |
| Hyperliquid TAO | +0.0272% | 1h | 315.03 | +0.076% | $93.3M | $105.6M | 5x | as long as short |
| Extended TAO-USD | +0.0288% | 1h | 314.83 | +0.012% | $922K | $2.4M | 25x | as long as short |
| Backpack TAO_USDC_PERPshort | +0.0339% | 1h | 314.83 | +0.013% | $315K | $913K | 10x | |
| BloFin TAO-USDT | +0.0340% | 4h | 315.25 | +0.146% | $4.5M | $10.9M | 100x | as long as short |
| Arcus TAO-USD | +0.0345% | 1h | 316.21 | +0.451% | $100K | $488K | 5x | as long as short |
| Pacifica TAO | +0.0365% | 1h | 316.12 | +0.424% | $361K | $411K | 10x | as long as short |
| Lighter TAO | +0.0376% | 1h | 315.21 | +0.132% | $1.5M | $6.5M | 5x | as long as short |
| Phoenix TAO | +0.0581% | 1h | 317.30 | +0.797% | $316K | $697K | 5x | as long as short |
| Variational Omni TAO | +0.0615% | 4h | 315.95 | +0.367% | $5.8M | $9.8M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 315.44 | +0.206% | $363 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0991% | 1h | 315.96 | +0.372% | $438K | $659K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 318.13 | +1.061% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4222% | 1h | 319.61 | +1.531% | $23K | $2K | 12x | as long as short |
Bitget TAOUSDT
edgeX TAOUSDC
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
GRVT TAO_USDT_Perp
Aevo TAO-PERP
Bybit TAOUSDT
Deribit TAO_USDC-PERPETUAL
Orderly PERP_TAO_USDC
BingX TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
Nado TAO-PERP
Paradex TAO-USD-PERP
Aster TAOUSDT
01 Exchange TAOUSD
Hyperliquid TAO
Extended TAO-USD
BloFin TAO-USDT
Arcus TAO-USD
Pacifica TAO
Lighter TAO
Phoenix TAO
Variational Omni TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP