Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: KuCoin against Pacifica+0.059%46s7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$560.557% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.059%, 7d avg +0.001%

Together, before fees−0.058%+ Points / potential airdropPacifica: Active · farm board−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.058% dearer against Pacifica than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.001%. The two prices were read 46 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	Pacifica TAO	313.79	0.0100	pay 0.0013% / 1h	37m 50s	$372K	$369K	10x
Short	KuCoin TAOUSDTM	313.97	0.0100	get 0.0050% / 4h	37m 50s	$19.0M	$27.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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 PacificabpFee KuCoinbpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → +0.001%: $5.79
Slippage, 4 orders: −$35.71
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$49.92
Costs to cover: 0.557%
Break-even: never at this rate

Slippage from Pacifica: live order book, 41 min ago; KuCoin: live order book, 6 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 Pacifica live order book, 41 min ago	3.43 bp	10.9 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	1.60 bp	21.1 bp −$21	38.5 bp −$385	95.1 bp −$9,511	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
Bulk TAO-USD	−0.4478%	1h	313.97	+0.059%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.41	−0.120%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.55	−0.076%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.39	+0.192%	$23K	$260	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.50	+0.228%	$43K	$552K	20x	as long as short
Pacifica TAOlong	+0.0100%	1h	313.79	long leg	$372K	$369K	10x
Binance TAOUSDT	+0.0100%	4h	313.79	+0.001%	$88.7M	$425.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.93	+0.046%	$61.6M	$124.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.70	−0.027%	$25.2M	$101.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.50	−0.091%	$12.7M	$49.3M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	313.72	−0.021%	$120.8M	$127.9M	300x	as long as short
KuCoin TAOUSDTMshort	+0.0100%	4h	313.97	+0.059%	$19.0M	$27.7M	75x
Bitget TAOUSDT	+0.0100%	4h	313.58	−0.066%	$35.0M	$46.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.73	−0.018%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.40	−0.441%	$40K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.53	−0.400%	$526K	$948K	10x	as long as short
Bullet TAO-USD	+0.0100%	1h	313.91	+0.040%	$11K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.67	−0.037%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.56	−0.072%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.74	+0.304%	$129K	$395K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.66	−0.040%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.85	+0.021%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	314.41	+0.199%	$2K	$541K	5x	as long as short
ApeX Omni TAOUSDT	+0.0118%	1h	312.28	−0.480%	$47K	$270K	50x	as long as short
Polymarket Perps TAO-USD	+0.0123%	1h	314.50	+0.228%	$77K	$520K	5x	as long as short
Arcus TAO-USD	+0.0186%	1h	314.51	+0.231%	$83K	$606K	5x	as long as short
Paradex TAO-USD-PERP	+0.0189%	8h	314.23	+0.143%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0194%	4h	312.41	−0.440%	$3.9M	$7.0M	—	as long as short
Aster TAOUSDT	+0.0202%	4h	313.78	−0.002%	$1.1M	$7.9M	50x	as long as short
BloFin TAO-USDT	+0.0347%	4h	313.20	−0.187%	$4.4M	$10.2M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0349%	1h	313.75	−0.012%	$19K	$1.4M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0448%	1h	313.77	−0.005%	$5.8M	$19.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0477% / S −0.0175%	1h	313.54	−0.079%	$451K	—	100x	as long as short
Nado TAO-PERP	+0.0483%	1h	314.45	+0.212%	$833K	$2.0M	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.80	−0.314%	$327K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0541%	1h	314.00	+0.068%	$301K	$799K	10x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	314.10	+0.101%	$361	—	20x	as long as short
01 Exchange TAOUSD	+0.0712%	1h	314.72	+0.298%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0872%	1h	314.15	+0.117%	$863K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.64	+0.272%	$1.5M	$5.8M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	314.57	+0.250%	$433K	$548K	5x	as long as short
Lighter TAO	+0.1360%	1h	314.28	+0.158%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.1857%	1h	314.23	+0.141%	$97.8M	$83.2M	5x	as long as short