Settings8H · net · $10k
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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 08:00 UTC+0.0213%/8h= +23.3% APRpaid last 24h +0.013%
Price spread now: Pacifica against KuCoin+0.039%7-day average +0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$540.539% of the position
Long on KuCoinShort on Pacifica
What this pair did over the last
the charts below follow
Funding, last 7 days+0.045%+$5 on $10k
Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.039%, 7d avg +0.002%
Together, before fees−0.033%+ Points / potential airdropPacifica: Active · farm board−$3 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Pacifica is 0.037% dearer against KuCoin than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.002%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.045% in total (about 2.3% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TAOUSDTM317.420.0100pay 0.0050% / 4h58m 31s$17.8M$32.4M75x
ShortPacifica TAO317.540.0313get 0.0039% / 1h58m 31s$361K$427K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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
$44.7
Price spread: +0.039% → +0.002%
$3.71
Slippage, 4 orders
−$33.91
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$5.49
Costs to cover
0.539%
Break-even
7.9 days
Slippage from KuCoin: live order book, 10 min ago; Pacifica: live order book, 45 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, 10 min ago2.51 bp20.3 bp −$2037.2 bp −$372doesn't fitdoesn't fit
Sell Pacifica live order book, 45 min ago2.97 bp11.1 bp −$11doesn't fitdoesn't fitdoesn't fit

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
dYdX TAO-USD0.0000%1h317.27−0.048%$127K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h317.32−0.032%$22K—150xas long as short
Popdex TAOUSDT+0.0096%1h317.63+0.066%$43K$706K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h317.30−0.038%$26.6M$129.6M50xas long as short
Bulk TAO-USD+0.0100%1h317.85+0.135%$169K$33310xas long as short
Gate TAO_USDT+0.0100%4h317.30−0.038%$14.3M$50.8M50xas long as short
KuCoin TAOUSDTMlong+0.0100%4h317.42long leg$17.8M$32.4M75x
Bitget TAOUSDT+0.0100%4h317.16−0.082%$35.6M$58.0M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h317.02−0.126%$46K$260K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h317.39−0.009%$84K$1.2M5xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDT+0.0100%4h317.34−0.025%$1K$2.0M20xas long as short
HTX TAO-USDT+0.0100%4h317.29−0.041%$116K$602K20xas long as short
Katana Perps TAO-USD+0.0107%8h317.420.000%$2K$1.1M5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0112% / S +0.0155%1h317.36−0.020%$424K—100xas long as short
Aevo TAO-PERP+0.0120%1h317.61+0.059%$174K$9983xas long as short
Orderly PERP_TAO_USDC+0.0134%4h317.59+0.054%$53K$293K10xas long as short
MEXC TAO_USDT+0.0170%4h317.54+0.038%$107.5M$150.3M300xas long as short
Binance TAOUSDT+0.0171%4h317.58+0.050%$92.2M$528.9M75xas long as short
Bullet TAO-USD+0.0178%1h317.69+0.086%$12K$17K20xas long as short
edgeX TAOUSDC+0.0178%4h317.16−0.081%$42K$319K10xas long as short
Paradex TAO-USD-PERP+0.0229%8h317.58+0.052%$14K$1K10xas long as short
Bybit TAOUSDT+0.0242%4h317.60+0.057%$69.6M$156.1M50xas long as short
BingX TAO-USDT+0.0256%4h317.55+0.041%—$36.7M—as long as short
Pacifica TAOshort+0.0313%1h317.54+0.039%$361K$427K10x
GRVT TAO_USDT_Perp+0.0328%4h317.36−0.020%$541K$926K10xas long as short
Aster TAOUSDT+0.0330%4h317.58+0.052%$1.3M$11.0M50xas long as short
Extended TAO-USD+0.0336%1h317.45+0.011%$904K$2.4M25xas long as short
BloFin TAO-USDT+0.0411%4h317.50+0.025%$4.7M$10.9M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0468%1h317.54+0.039%$15K$2.0M25xas long as short
Nado TAO-PERP+0.0472%1h317.62+0.062%$787K$2.0M10xas long as short
Arcus TAO-USD+0.0473%1h317.83+0.129%$102K$389K5xas long as short
Lighter TAO+0.0496%1h317.80+0.121%$1.6M$6.8M5xas long as short
Hyperliquid TAO+0.0502%1h317.71+0.090%$94.0M$110.1M5xas long as short
Variational Omni TAO+0.0502%4h317.43+0.003%$5.6M$10.2M—as long as short
Phoenix TAO+0.0567%1h317.40−0.006%$316K$701K5xas long as short
Phemex TAOUSDT+0.0632%4h317.70+0.088%$3.2M$8.2M50xas long as short
Backpack TAO_USDC_PERP+0.0648%1h317.58+0.050%$296K$905K10xas long as short
01 Exchange TAOUSD+0.0648%1h317.96+0.170%$3K$4K5xas long as short
Reya TAORUSDPERP+0.0698%1h317.39−0.010%$365—20xas long as short
RISEx TAO/USDC+0.0831%1h317.55+0.040%$438K$677K5xas long as short
Kraken Futures PF_TAOUSD+0.0834%1h317.59+0.052%$5.9M$21.7M50xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h318.45+0.324%$1.5M$6.8M50xas long as short
Injective TAO/USDC PERP+0.4513%1h323.52+1.922%$24K$2K12xas long as short