Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0636%/8h= −69.6% APRpaid last 24h −0.085%

Price spread now: KuCoin against 01 Exchange−0.009%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange Short on KuCoin

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$19 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	316.22	0.0736	pay 0.0092% / 1h	48m 27s	$3K	$4K	5x
Short	KuCoin TAOUSDTM	316.19	0.0100	get 0.0050% / 4h	1h 48m	$18.1M	$30.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against 01 Exchange. 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 01 ExchangebpFee KuCoinbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$133.56
Price spread: −0.009% → 0.000%: −$0.95
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$153.51
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; KuCoin: live order book, 6 min ago. 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 01 Exchange no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 6 min ago	2.99 bp	19.1 bp −$19	26.7 bp −$267	doesn't fit	doesn't fit

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 42 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	−0.2257%	1h	317.17	+0.300%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.83	−0.123%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.22	−0.317%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.10	−0.038%	$45K	$650K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.15	−0.023%	$91.4M	$469.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.30	+0.025%	$26.1M	$115.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.80	−0.133%	$12.9M	$49.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.40	+0.057%	$105.1M	$138.0M	300x	as long as short
KuCoin TAOUSDTMshort	+0.0100%	4h	316.19	−0.009%	$18.1M	$30.6M	75x
Bitget TAOUSDT	+0.0100%	4h	316.09	−0.041%	$35.3M	$53.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.85	+0.517%	$36K	$301K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.34	+0.038%	$76K	$757K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.22	−0.316%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.19	−0.326%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.76	−0.462%	$129K	$476K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.09	−0.357%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.53	−0.218%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	316.00	−0.070%	$672	$745K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0135%	1h	315.15	−0.339%	$23K	$1.6M	25x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0164% / S +0.0105%	1h	315.22	−0.316%	$429K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0212%	4h	317.35	+0.357%	$528K	$946K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0249%	1h	315.35	−0.276%	$5.6M	$20.5M	50x	as long as short
Aster TAOUSDT	+0.0286%	4h	316.09	−0.041%	$1.2M	$9.3M	50x	as long as short
Bullet TAO-USD	+0.0288%	1h	315.57	−0.205%	$12K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0338%	8h	316.38	+0.052%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0448%	1h	316.34	+0.039%	$373K	$396K	10x	as long as short
ApeX Omni TAOUSDT	+0.0473%	1h	317.85	+0.515%	$48K	$253K	50x	as long as short
Phoenix TAO	+0.0504%	1h	316.70	+0.152%	$332K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	316.21	−0.003%	$100K	$489K	5x	as long as short
Nado TAO-PERP	+0.0575%	1h	316.28	+0.020%	$762K	$2.1M	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.56	+0.109%	$364	—	20x	as long as short
BingX TAO-USDT	+0.0700%	4h	316.06	−0.051%	—	$30.3M	—	as long as short
Bybit TAOUSDT	+0.0706%	4h	316.53	+0.098%	$67.5M	$139.3M	50x	as long as short
01 Exchange TAOUSDlong	+0.0736%	1h	316.22	long leg	$3K	$4K	5x
Backpack TAO_USDC_PERP	+0.0865%	1h	315.29	−0.294%	$319K	$802K	10x	as long as short
Variational Omni TAO	+0.0881%	4h	317.62	+0.444%	$6.0M	$9.6M	—	as long as short
Extended TAO-USD	+0.0920%	1h	315.96	−0.081%	$896K	$2.3M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.64	+0.449%	$1.5M	$6.4M	50x	as long as short
Lighter TAO	+0.1032%	1h	316.53	+0.099%	$1.5M	$6.3M	5x	as long as short
RISEx TAO/USDC	+0.1159%	1h	315.96	−0.081%	$447K	$626K	5x	as long as short
Hyperliquid TAO	+0.1433%	1h	316.52	+0.095%	$100.1M	$98.2M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	320.94	+1.493%	$23K	$2K	12x	as long as short