Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0228%/8h= +25.0% APRpaid last 24h +0.088%

Price spread now: 01 Exchange against KuCoin+0.060%56s7-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 01 Exchange

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—needs both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and 01 Exchange is 0.060% dearer against KuCoin than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	314.90	0.0100	pay 0.0050% / 4h	11m 38s	$17.7M	$31.7M	75x
Short	01 Exchange TAOUSD	315.09	0.0328	get 0.0041% / 1h	11m 38s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.060%Rate

Funding earned: $47.88
Price spread: +0.060% → 0.000%: $6.03
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $34.91
Costs to cover: 0.190%
Break-even: 1.9 days

Slippage unknown: KuCoin: live order book, 7 min ago; 01 Exchange: 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, 7 min ago	1.75 bp	12.4 bp −$12	34.9 bp −$349	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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
dYdX TAO-USD	0.0000%	1h	314.86	−0.013%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.82	−0.026%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.28	+0.121%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.75	−0.048%	$43K	$668K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.76	−0.044%	$644	$799K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.02	+0.038%	$91.1M	$495.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.08	+0.057%	$67.9M	$149.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.80	−0.032%	$26.0M	$120.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.70	−0.064%	$12.9M	$50.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.02	+0.038%	$110.9M	$144.2M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTMlong	+0.0100%	4h	314.90	long leg	$17.7M	$31.7M	75x
Bitget TAOUSDT	+0.0100%	4h	314.86	−0.013%	$35.2M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.92	+0.006%	—	$32.8M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.09	+0.060%	$42K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	314.71	−0.062%	$521K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.38	+0.152%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.76	−0.044%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.05	+0.047%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.99	+0.029%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.40	−0.159%	$109K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.10	+0.064%	$3.2M	$8.1M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	314.68	−0.070%	$167K	$2K	10x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.04	+0.045%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	315.03	+0.041%	$52K	$271K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0145% / S +0.0122%	1h	314.83	−0.022%	$428K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	315.01	+0.034%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0173%	4h	315.01	+0.035%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0200%	1h	314.82	−0.024%	$923K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0214%	1h	314.83	−0.021%	$800K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0274%	1h	315.20	+0.095%	$92.7M	$106.6M	5x	as long as short
01 Exchange TAOUSDshort	+0.0328%	1h	315.09	+0.060%	$3K	$4K	5x
BloFin TAO-USDT	+0.0340%	4h	315.08	+0.057%	$4.6M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.25	+0.111%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0348%	1h	315.32	+0.133%	$316K	$913K	10x	as long as short
Lighter TAO	+0.0360%	1h	315.35	+0.143%	$1.5M	$6.5M	5x	as long as short
Pacifica TAO	+0.0365%	1h	315.16	+0.083%	$360K	$412K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0443%	1h	315.20	+0.095%	$23K	$1.7M	25x	as long as short
Variational Omni TAO	+0.0461%	4h	315.17	+0.086%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.10	+0.064%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.97	+0.022%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.01	+0.036%	$438K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.12	+0.387%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.19	+1.045%	$23K	$2K	12x	as long as short