Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0598%/8h= +65.5% APRpaid last 24h +0.178%

Price spread now: Reya against KuCoin+0.003%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$18 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	317.38	0.0100	pay 0.0050% / 4h	3m 22s	$17.8M	$32.4M	75x
Short	Reya TAORUSDPERP	317.39	0.0698	get 0.0087% / 1h	3m 22s	$365	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.003%Rate

Funding earned: $125.63
Price spread: +0.003% → 0.000%: $0.28
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $107.91
Costs to cover: 0.180%
Break-even: 1.0 days

Slippage unknown: KuCoin: live order book, 6 min ago; Reya: no order-book sample. Net counts fees only.

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, 6 min ago	1.72 bp	16.9 bp −$17	32.3 bp −$323	88.5 bp −$8,846	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	317.14	−0.077%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0061%	1h	317.34	−0.014%	$127K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.54	+0.050%	$48K	$716K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.40	+0.006%	$26.4M	$131.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.20	−0.057%	$14.8M	$52.5M	50x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	317.38	long leg	$17.8M	$32.4M	75x
Bitget TAOUSDT	+0.0100%	4h	317.16	−0.069%	$35.8M	$57.8M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.37	−0.003%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.45	+0.022%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.92	−0.145%	$116K	$590K	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 +0.0102% / S +0.0138%	1h	317.11	−0.086%	$409K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	317.38	0.000%	$649	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0128%	1h	317.53	+0.049%	$174K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0138%	1h	318.99	+0.507%	$46K	$259K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0182%	4h	317.39	+0.003%	$52K	$295K	10x	as long as short
MEXC TAO_USDT	+0.0188%	4h	317.44	+0.019%	$104.0M	$152.9M	300x	as long as short
Binance TAOUSDT	+0.0189%	4h	317.49	+0.035%	$92.9M	$533.0M	75x	as long as short
edgeX TAOUSDC	+0.0195%	4h	319.07	+0.533%	$42K	$320K	10x	as long as short
Bulk TAO-USD	+0.0217%	1h	317.92	+0.172%	$169K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0259%	8h	317.73	+0.110%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0278%	4h	317.40	+0.006%	—	$37.3M	—	as long as short
Bybit TAOUSDT	+0.0284%	4h	317.51	+0.041%	$69.8M	$157.1M	50x	as long as short
Bullet TAO-USD	+0.0302%	1h	317.50	+0.037%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0313%	1h	317.62	+0.075%	$373K	$465K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0314%	4h	318.68	+0.408%	$542K	$896K	10x	as long as short
Aster TAOUSDT	+0.0345%	4h	317.58	+0.063%	$1.3M	$11.1M	50x	as long as short
Extended TAO-USD	+0.0376%	1h	317.37	−0.003%	$906K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0429%	4h	317.56	+0.057%	$4.7M	$10.9M	100x	as long as short
Phemex TAOUSDT	+0.0466%	4h	317.56	+0.057%	$3.2M	$8.1M	50x	as long as short
Arcus TAO-USD	+0.0473%	1h	317.95	+0.180%	$100K	$383K	5x	as long as short
Nado TAO-PERP	+0.0480%	1h	317.63	+0.079%	$775K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0483%	1h	317.46	+0.024%	$15K	$1.9M	25x	as long as short
Variational Omni TAO	+0.0574%	4h	318.65	+0.401%	$5.6M	$10.1M	—	as long as short
Phoenix TAO	+0.0629%	1h	319.30	+0.605%	$321K	$703K	5x	as long as short
Lighter TAO	+0.0640%	1h	317.74	+0.112%	$1.6M	$6.9M	5x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	317.67	+0.091%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0684%	1h	317.54	+0.050%	$93.9M	$110.2M	5x	as long as short
Reya TAORUSDPERPshort	+0.0698%	1h	317.39	+0.003%	$365	—	20x
Backpack TAO_USDC_PERP	+0.0722%	1h	317.87	+0.154%	$439K	$981K	10x	as long as short
RISEx TAO/USDC	+0.0831%	1h	317.67	+0.091%	$450K	$661K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0834%	1h	317.63	+0.079%	$6.0M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.64	+0.397%	$1.3M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.44	+1.594%	$23K	$2K	12x	as long as short