Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0820%/8h= +89.8% APRpaid last 24h +0.050%

Price spread now: Extended against KuCoin−0.026%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$520.515% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.114%+$11 on $10k

Price spread, last 7 days−0.005%−$1 · spread now −0.026%, 7d avg −0.045%

Together, before fees+0.109%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.045%, so right now this pair is about funding alone: +$25 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.114% in total (about 6.0% 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	308.73	0.0100	pay 0.0050% / 4h	2h 36m	$17.9M	$30.0M	75x
Short	Extended TAO-USD	308.65	0.0920	get 0.0115% / 1h	36m 08s	$885K	$2.3M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.026%Rate

Funding earned: $172.2
Price spread: −0.026% → −0.045%: $1.93
Slippage, 4 orders: −$34.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $122.63
Costs to cover: 0.515%
Break-even: 2.0 days

Slippage from KuCoin: live order book, 8 min ago; Extended: live order book, 3 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, 8 min ago	0.97 bp	19.8 bp −$20	29.2 bp −$292	doesn't fit	doesn't fit
Sell Extended live order book, 3 min ago	2.43 bp	7.1 bp −$7	9.0 bp −$90	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
dYdX TAO-USD	0.0000%	1h	308.14	−0.192%	$123K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	308.62	−0.036%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.82	+0.029%	$37K	$621K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	308.82	+0.030%	$88.7M	$461.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	309.00	+0.087%	$25.3M	$108.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	308.40	−0.107%	$12.5M	$49.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	308.70	−0.010%	$103.9M	$137.9M	300x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	308.73	long leg	$17.9M	$30.0M	75x
Bitget TAOUSDT	+0.0100%	4h	308.46	−0.087%	$34.4M	$53.1M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	308.03	−0.226%	$34K	$299K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GRVT TAO_USDT_Perp	+0.0100%	4h	308.55	−0.057%	$508K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.98	−0.243%	$46K	$268K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.55	−0.058%	$56K	$283K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.75	+0.006%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.71	−0.006%	$126K	$471K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	309.01	+0.091%	$170K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0125%	8h	308.73	0.000%	$692	$682K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0092%	1h	308.57	−0.052%	$429K	—	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0171%	1h	308.62	−0.034%	$5.5M	$20.4M	50x	as long as short
Aster TAOUSDT	+0.0178%	4h	308.71	−0.006%	$1.3M	$9.2M	50x	as long as short
Polymarket Perps TAO-USD	+0.0179%	1h	308.82	+0.029%	$75K	$645K	5x	as long as short
Bullet TAO-USD	+0.0213%	1h	308.96	+0.075%	$12K	$17K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0279%	1h	308.58	−0.049%	$10K	$1.6M	25x	as long as short
Paradex TAO-USD-PERP	+0.0281%	8h	308.52	−0.068%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0285%	1h	308.65	−0.026%	$364K	$381K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	309.01	+0.091%	$97K	$562K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.16	+0.787%	$4.4M	$10.7M	100x	as long as short
Phemex TAOUSDT	+0.0459%	4h	308.75	+0.006%	$3.3M	$8.0M	50x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	315.63	+2.235%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0565%	1h	308.70	−0.009%	$752K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	308.80	+0.023%	$323K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0624%	1h	309.06	+0.107%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	308.94	+0.067%	$355	—	20x	as long as short
BingX TAO-USDT	+0.0704%	4h	308.66	−0.023%	—	$31.0M	—	as long as short
Bybit TAOUSDT	+0.0740%	4h	309.06	+0.107%	$63.5M	$136.1M	50x	as long as short
Variational Omni TAO	+0.0748%	4h	309.04	+0.099%	$5.3M	$8.9M	—	as long as short
Backpack TAO_USDC_PERP	+0.0837%	1h	308.80	+0.023%	$312K	$814K	10x	as long as short
Extended TAO-USDshort	+0.0920%	1h	308.65	−0.026%	$885K	$2.3M	25x
Coinbase International TAO-PERP-INTX	+0.1024%	1h	309.46	+0.236%	$1.4M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	308.80	+0.021%	$442K	$621K	5x	as long as short
Hyperliquid TAO	+0.1216%	1h	308.98	+0.081%	$97.3M	$93.5M	5x	as long as short
Lighter TAO	+0.1320%	1h	309.06	+0.105%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.4286%	1h	309.11	+0.122%	$164K	$40K	10x	as long as short