Funding you earn now, next payment 07:00 UTC−0.2201%/8h= −241.0% APRpaid last 24h −0.332%
Price spread now: Bulk against KuCoin+0.094%7-day average −0.104% · 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−$27as in the Price arb table
costs, in and out, $10k−$460.465% of the position
Funding, last 4 days (all we have)−0.364%−$36 on $10k
+Price spread, last 4 days (all we have)−0.253%−$25 · spread now +0.094%, 7d avg −0.104%
=The price spread pays, funding is against you. Bulk is 0.198% dearer against KuCoin than usual: you sell high and buy low (spread +0.094% now, against its 7-day average of −0.104%): +$20 on $10k if it goes back. Holding the pair costs −$66 a day in funding at the current rate, which eats that in about 7 hours. At the pace of the last 4 days (−0.364% in total) that is about 48 hours.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.364% in total (about -36.2% 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 | 320.57 | 0.0100 | pay 0.0050% / 4h | 1h 51m | $17.6M | $31.9M | 75x |
| Short | Bulk TAO-USD | 320.87 | −0.2101 | pay 0.0263% / 1h | 51m 50s | $170K | $333 | 10x |
KuCoin TAOUSDTM
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$462.16
- Price spread: +0.094% → −0.104%
- $19.79
- Slippage, 4 orders
- −$27.45
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$488.82
- Costs to cover
- 0.465%
- Break-even
- never at this rate
Slippage from KuCoin: live order book, 7 min ago; Bulk: live order book, 57 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, 7 min ago | 2.46 bp | 21.2 bp −$21 | 32.6 bp −$326 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 57 min ago | 0.32 bp | 4.0 bp −$4 | 4.4 bp −$44 | 4.5 bp −$445 | 12.3 bp −$6,155 |
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-USDshort | −0.2101% | 1h | 320.87 | +0.094% | $170K | $333 | 10x | |
| dYdX TAO-USD | 0.0000% | 1h | 320.75 | +0.055% | $128K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 320.96 | +0.122% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 321.41 | +0.262% | $40K | $694K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 320.60 | +0.009% | $26.6M | $129.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 320.30 | −0.084% | $14.2M | $51.3M | 50x | as long as short |
| KuCoin TAOUSDTMlong | +0.0100% | 4h | 320.57 | long leg | $17.6M | $31.9M | 75x | |
| Bitget TAOUSDT | +0.0100% | 4h | 320.38 | −0.059% | $36.1M | $58.0M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 324.34 | +1.176% | $47K | $258K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 321.25 | +0.212% | $78K | $1.1M | 5x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 320.81 | +0.075% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 320.97 | +0.125% | $118K | $584K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 320.86 | +0.090% | $3.3M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 321.24 | +0.209% | $729 | $985K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0119% | 4h | 321.07 | +0.156% | $53K | $292K | 10x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 321.14 | +0.178% | $176K | $998 | 3x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0123% / S +0.0155% | 1h | 320.92 | +0.109% | $434K | — | 100x | as long as short |
| MEXC TAO_USDT | +0.0146% | 4h | 320.75 | +0.056% | $105.2M | $149.2M | 300x | as long as short |
| Binance TAOUSDT | +0.0148% | 4h | 320.76 | +0.059% | $93.6M | $524.9M | 75x | as long as short |
| edgeX TAOUSDC | +0.0158% | 4h | 322.15 | +0.494% | $43K | $316K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0266% | 8h | 320.98 | +0.129% | $15K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0301% | 4h | 320.71 | +0.043% | $1.3M | $10.9M | 50x | as long as short |
| Bullet TAO-USD | +0.0370% | 1h | 321.40 | +0.259% | $12K | $17K | 20x | as long as short |
| BingX TAO-USDT | +0.0379% | 4h | 320.68 | +0.034% | — | $34.3M | — | as long as short |
| Bybit TAOUSDT | +0.0380% | 4h | 320.74 | +0.053% | $70.0M | $155.6M | 50x | as long as short |
| BloFin TAO-USDT | +0.0388% | 4h | 320.87 | +0.094% | $4.7M | $11.1M | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0434% | 4h | 321.38 | +0.252% | $548K | $937K | 10x | as long as short |
| Extended TAO-USD | +0.0488% | 1h | 320.62 | +0.014% | $914K | $2.4M | 25x | as long as short |
| Variational Omni TAO | +0.0506% | 4h | 323.50 | +0.913% | $5.7M | $10.1M | — | as long as short |
| Pacifica TAO | +0.0525% | 1h | 321.08 | +0.158% | $365K | $422K | 10x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 324.40 | +1.195% | $323K | $709K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0599% | 1h | 320.80 | +0.072% | $319K | $899K | 10x | as long as short |
| Hyperliquid TAO | +0.0612% | 1h | 320.83 | +0.081% | $94.8M | $109.8M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0623% | 1h | 321.10 | +0.164% | $14K | $1.9M | 25x | as long as short |
| Nado TAO-PERP | +0.0633% | 1h | 321.28 | +0.221% | $803K | $2.2M | 10x | as long as short |
| 01 Exchange TAOUSD | +0.0640% | 1h | 321.48 | +0.284% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 321.45 | +0.275% | $103K | $394K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 321.46 | +0.278% | $370 | — | 20x | as long as short |
| Lighter TAO | +0.0864% | 1h | 321.39 | +0.255% | $1.5M | $6.6M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 321.95 | +0.430% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 321.29 | +0.223% | $463K | $665K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1149% | 1h | 321.22 | +0.204% | $6.1M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 328.25 | +2.396% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Orderly PERP_TAO_USDC
Aevo TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
MEXC TAO_USDT
Binance TAOUSDT
edgeX TAOUSDC
Paradex TAO-USD-PERP
Aster TAOUSDT
Bullet TAO-USD
BingX TAO-USDT
Bybit TAOUSDT
BloFin TAO-USDT
GRVT TAO_USDT_Perp
Extended TAO-USD
Variational Omni TAO
Pacifica TAO
Phoenix TAO
Backpack TAO_USDC_PERP
Hyperliquid TAO
Deribit TAO_USDC-PERPETUAL
Nado TAO-PERP
01 Exchange TAOUSD
Arcus TAO-USD
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP