Settings8H · net · $10k
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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 04:00 UTC+0.0522%/8h= +57.2% APRnext payment +$2.61 per $10,000 · paid last 24h 0.000%
Price spread now: BingX against KuCoin+0.019%7-day average −0.016% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$540.543% of the position
Long on KuCoinShort on BingX
What this pair did over the last
the charts below follow
Funding, last 7 days+0.046%+$5 on $10k
Price spread, last 7 days−0.044%−$4 · spread now +0.019%, 7d avg −0.016%
Together, before fees+0.002%$0 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 BingX is 0.035% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.016%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.046% in total (about 2.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.61 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TAOUSDTM319.110.0100pay 0.0050% / 4h3h 47m$18.9M$28.4M75x
ShortBingX TAO-USDT319.170.0622get 0.0311% / 4h3h 47m—$30.8M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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
$109.62
Price spread: +0.019% → −0.016%
$3.53
Slippage, 4 orders
−$32.28
Fee KuCoin: 6 bp × 2 orders
−$12
Fee BingX: 5 bp × 2 orders
−$10
Net
$58.87
Costs to cover
0.543%
Break-even
3.2 days
Slippage from KuCoin: live order book, 2 min ago; BingX: live order book, 2 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, 2 min ago2.34 bp17.3 bp −$1734.1 bp −$341doesn't fitdoesn't fit
Sell BingX live order book, 2 min ago0.78 bp7.1 bp −$712.4 bp −$12425.0 bp −$2,49856.2 bp −$28.1K

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−0.0882%1h320.07+0.301%$170K$44K10xas long as short
dYdX TAO-USD0.0000%1h318.87−0.075%$127K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h318.14−0.304%$21K—150xas long as short
Phemex TAOUSDT+0.0092%4h318.66−0.141%$3.5M$8.0M50xas long as short
Popdex TAOUSDT+0.0096%1h319.59+0.150%$42K$581K20xas long as short
Binance TAOUSDT+0.0100%4h319.07−0.012%$92.2M$441.7M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h319.20+0.028%$26.0M$107.1M50xas long as short
Gate TAO_USDT+0.0100%4h319.00−0.034%$12.9M$49.8M50xas long as short
MEXC TAO_USDT+0.0100%4h319.09−0.006%$106.3M$132.2M300xas long as short
KuCoin TAOUSDTMlong+0.0100%4h319.11long leg$18.9M$28.4M75x
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TAOUSDT+0.0100%4h318.93−0.056%$35.6M$49.2M50xas long as short
edgeX TAOUSDC+0.0100%4h320.20+0.340%$37K$289K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h319.59+0.150%$48K$269K50xas long as short
Orderly PERP_TAO_USDC+0.0100%4h318.70−0.128%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h318.20−0.285%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h318.99−0.038%$127K$422K20xas long as short
Katana Perps TAO-USD+0.0102%8h319.88+0.241%$658$598K5xas long as short
Aevo TAO-PERP+0.0104%1h318.84−0.083%$175K$9983xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0085%1h318.15−0.300%$462K—100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0177%1h318.41−0.220%$21K$1.5M25xas long as short
Pacifica TAO+0.0185%1h319.10−0.003%$378K$373K10xas long as short
Arcus TAO-USD+0.0201%1h319.58+0.147%$84K$545K5xas long as short
Aster TAOUSDT+0.0231%4h318.78−0.103%$1.1M$8.1M50xas long as short
Paradex TAO-USD-PERP+0.0231%8h318.99−0.039%$14K$1K10xas long as short
GRVT TAO_USDT_Perp+0.0264%4h320.78+0.524%$532K$946K10xas long as short
Bullet TAO-USD+0.0265%1h318.58−0.167%$12K$17K20xas long as short
Variational Omni TAO+0.0305%4h320.13+0.318%$5.5M$8.6M—as long as short
BloFin TAO-USDT+0.0340%4h319.00−0.034%$4.4M$10.9M100xas long as short
Polymarket Perps TAO-USD+0.0372%1h319.27+0.050%$99K$634K5xas long as short
Kraken Futures PF_TAOUSD+0.0481%1h318.60−0.161%$5.7M$20.3M50xas long as short
Phoenix TAO+0.0525%1h319.50+0.122%$334K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h319.09−0.006%$23K$64912xas long as short
BingX TAO-USDTshort+0.0622%4h319.17+0.019%—$30.8M—
Bybit TAOUSDT+0.0633%4h319.43+0.100%$65.9M$130.6M50xas long as short
Reya TAORUSDPERP+0.0695%1h319.04−0.023%$367—20xas long as short
Nado TAO-PERP+0.0784%1h319.30+0.060%$888K$2.0M10xas long as short
01 Exchange TAOUSD+0.0816%1h319.96+0.266%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0980%1h319.21+0.031%$319K$821K10xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h319.26+0.047%$1.5M$6.1M50xas long as short
Extended TAO-USD+0.1096%1h318.42−0.215%$929K$2.2M25xas long as short
RISEx TAO/USDC+0.1141%1h319.79+0.213%$423K$590K5xas long as short
Lighter TAO+0.1688%1h319.53+0.133%$1.7M$5.9M5xas long as short
Hyperliquid TAO+0.2832%1h319.93+0.257%$104.1M$89.3M5xas long as short