TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.48 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin+0.044%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$400.402% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 7 days−0.073%−$7 · spread now +0.044%, 7d avg −0.008%

Together, before fees−0.108%−$11 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Binance is 0.052% dearer against KuCoin than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	319.45	0.0100	pay 0.0050% / 4h	8m 46s	$17.9M	$32.5M	75x
Short	Binance TAOUSDT	319.59	0.0195	get 0.0098% / 4h	8m 46s	$92.5M	$533.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.044%Rate

Funding earned: $20.03
Price spread: +0.044% → −0.008%: $5.22
Slippage, 4 orders: −$18.24
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$14.99
Costs to cover: 0.402%
Break-even: 12.2 days

Slippage from KuCoin: live order book, 10 min ago; Binance: live order book, 5 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, 10 min ago	1.42 bp	13.0 bp −$13	32.9 bp −$329	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	0.16 bp	6.3 bp −$6	13.4 bp −$134	37.4 bp −$3,741	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.24	−0.067%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0067%	1h	319.39	−0.019%	$128K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.67	+0.069%	$48K	$714K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.10	−0.110%	$26.6M	$132.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.20	−0.078%	$14.8M	$52.3M	50x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	319.45	long leg	$17.9M	$32.5M	75x
Bitget TAOUSDT	+0.0100%	4h	319.56	+0.034%	$36.1M	$58.1M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.28	+0.260%	$88K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.07	−0.119%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.76	−0.216%	$117K	$603K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX TAO/USD [WBTC.b-USDC]	L +0.0103% / S +0.0137%	1h	319.32	−0.041%	$412K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	319.55	+0.031%	$1K	$1.2M	5x	as long as short
ApeX Omni TAOUSDT	+0.0121%	1h	319.65	+0.063%	$46K	$259K	50x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.49	+0.011%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0178%	4h	319.33	−0.038%	$52K	$294K	10x	as long as short
edgeX TAOUSDC	+0.0189%	4h	319.75	+0.092%	$42K	$319K	10x	as long as short
MEXC TAO_USDT	+0.0194%	4h	319.57	+0.038%	$104.5M	$152.8M	300x	as long as short
Binance TAOUSDTshort	+0.0195%	4h	319.59	+0.044%	$92.5M	$533.5M	75x
Paradex TAO-USD-PERP	+0.0265%	8h	319.66	+0.064%	$15K	$1K	10x	as long as short
BingX TAO-USDT	+0.0272%	4h	319.70	+0.078%	—	$37.4M	—	as long as short
Bybit TAOUSDT	+0.0285%	4h	319.70	+0.078%	$70.3M	$157.3M	50x	as long as short
Bullet TAO-USD	+0.0303%	1h	319.86	+0.128%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0313%	1h	319.69	+0.075%	$375K	$465K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0318%	4h	319.67	+0.068%	$544K	$896K	10x	as long as short
Aster TAOUSDT	+0.0356%	4h	319.68	+0.072%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0384%	1h	319.40	−0.016%	$911K	$2.4M	25x	as long as short
Phemex TAOUSDT	+0.0398%	4h	319.20	−0.078%	$3.2M	$8.1M	50x	as long as short
BloFin TAO-USDT	+0.0435%	4h	319.37	−0.025%	$4.7M	$11.0M	100x	as long as short
Nado TAO-PERP	+0.0459%	1h	320.42	+0.303%	$788K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0460%	1h	319.13	−0.102%	$15K	$1.9M	25x	as long as short
Arcus TAO-USD	+0.0473%	1h	319.93	+0.150%	$101K	$384K	5x	as long as short
Variational Omni TAO	+0.0568%	4h	319.84	+0.122%	$5.6M	$10.1M	—	as long as short
Phoenix TAO	+0.0629%	1h	319.90	+0.141%	$322K	$703K	5x	as long as short
Lighter TAO	+0.0632%	1h	319.75	+0.095%	$1.6M	$6.9M	5x	as long as short
01 Exchange TAOUSD	+0.0688%	1h	320.17	+0.225%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	320.38	+0.290%	$368	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0700%	1h	319.31	−0.044%	$298K	$905K	10x	as long as short
Hyperliquid TAO	+0.0706%	1h	319.88	+0.135%	$94.7M	$110.1M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0830%	1h	319.30	−0.046%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	319.66	+0.064%	$453K	$662K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.59	+0.044%	$1.3M	$7.2M	50x	as long as short
Bulk TAO-USD	+0.1572%	1h	317.17	−0.714%	$169K	$0	10x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.44	+0.936%	$23K	$2K	12x	as long as short