data as of
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Funding arb /

TAO

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding spread now, next payment 20:00 UTC0.0000%/8h
next payment, per $10,000+$0.00paid, last 24h0.000%paid, last 7 days+0.518%to open and close $10k−$67
Long on PhemexShort on KuCoin
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex TAOUSDT281.870.0100pay 0.0050% / 4h2h 09m$3.0M$7.3M50x
ShortKuCoin TAOUSDTM281.960.0100get 0.0050% / 4h2h 09m$16.7M$19.6M75x

Funding history

latest
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Funding on every exchange

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latest

Profit calculator

Funding earned
$0
Slippage, 4 orders
−$42.8
Fee Phemex: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$66.8
Break-even
never at this rate
Slippage from Phemex: live order book, 6 min ago; KuCoin: live order book, 6 min ago.

Price risk

price view
Price gap now
+0.032%
Avg gap 7d
+0.002%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 6 min ago3.35 bp15.2 bp −$15doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago0.35 bp15.2 bp −$1527.4 bp −$274doesn't fitdoesn't fit

TAO on 42 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
dYdX TAO-USD+0.0004%1h$72K$35K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h$9K—150xas long as short
Kraken Futures PF_TAOUSD+0.0013%1h$5.2M$13.6M50xas long as short
Popdex TAOUSDT+0.0096%1h$51K$441K20xas long as short
Katana Perps TAO-USD+0.0099%8h$618$310K5xas long as short
Aster TAOUSDT+0.0100%4h$1.6M$4.8M50xas long as short
Pacifica TAO+0.0100%1h$326K$371K10xas long as short
Binance TAOUSDT+0.0100%4h$77.3M$317.5M75xas long as short
Bybit TAOUSDT+0.0100%4h$49.8M$83.5M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h$22.7M$64.9M50xas long as short
Show all 42 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Arcus TAO-USD+0.0100%1h$118K$571K5xas long as short
Bulk TAO-USD+0.0100%1h$148K$010xas long as short
Gate TAO_USDT+0.0100%4h$11.1M$43.6M50xas long as short
MEXC TAO_USDT+0.0100%4h$97.0M$104.5M300xas long as short
KuCoin TAOUSDTMshort+0.0100%4h$16.7M$19.6M75x
Bitget TAOUSDT+0.0100%4h$31.9M$35.7M50xas long as short
BingX TAO-USDT+0.0100%4h—$28.0M—as long as short
Backpack TAO_USDC_PERP+0.0100%1h$323K$461K10xas long as short
Variational Omni TAO+0.0100%4h$3.1M$4.8M—as long as short
edgeX TAOUSDC+0.0100%4h$37K$284K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h$42K$264K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h$75K$692K5xas long as short
Bullet TAO-USD+0.0100%1h$10K$17K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h$51K$171K10xas long as short
SunX TAO-USDT+0.0100%4h$2K$1.6M20xas long as short
HTX TAO-USDT+0.0100%4h$116K$318K20xas long as short
Phemex TAOUSDTlong+0.0100%4h$3.0M$7.3M50x
Deribit TAO_USDC-PERPETUAL+0.0102%1h$38K$937K25xas long as short
Extended TAO-USD+0.0104%1h$759K$1.3M25xas long as short
Aevo TAO-PERP+0.0104%1h$155K$9983xas long as short
Paradex TAO-USD-PERP+0.0105%8h$13K$37610xas long as short
Nado TAO-PERP+0.0132%1h$1.0M$1.2M10xas long as short
Lighter TAO+0.0256%1h$1.3M$2.1M5xas long as short
BloFin TAO-USDT+0.0340%4h$3.9M$6.4M100xas long as short
01 Exchange TAOUSD+0.0352%1h$3K$4K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0474% / S −0.0173%1h$456K—100xas long as short
Phoenix TAO+0.0476%1h$302K$159K5xas long as short
RISEx TAO/USDC+0.0673%1h$313K$430K5xas long as short
Reya TAORUSDPERP+0.0693%1h$324—20xas long as short
Hyperliquid TAO+0.0746%1h$78.5M$52.7M5xas long as short
Coinbase International TAO-PERP-INTX+0.0936%1h$1.4M$3.7M50xas long as short
Injective TAO/USDC PERP+0.3793%1h$21K$59K12xas long as short