Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: KuCoin against Bitget−0.012%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$620.616% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.012%, 7d avg +0.023%

Together, before fees+0.001%$0 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 0.035% cheaper against Bitget than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget TAOUSDT	322.59	0.0100	pay 0.0050% / 4h	1h 20m	$36.3M	$58.1M	50x
Short	KuCoin TAOUSDTM	322.55	0.0100	get 0.0050% / 4h	1h 20m	$18.1M	$32.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → +0.023%: −$3.51
Slippage, 4 orders: −$37.65
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$65.15
Costs to cover: 0.616%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; KuCoin: live order book, 8 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 Bitget live order book, 3 min ago	1.40 bp	9.9 bp −$10	21.6 bp −$216	doesn't fit	doesn't fit
Sell KuCoin live order book, 8 min ago	2.19 bp	16.8 bp −$17	34.7 bp −$347	doesn't fit	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	−0.2264%	1h	322.24	−0.108%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	322.36	−0.071%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	322.52	−0.020%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.80	+0.065%	$44K	$706K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	322.60	+0.003%	$26.9M	$130.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	322.60	+0.003%	$14.5M	$52.2M	50x	as long as short
KuCoin TAOUSDTMshort	+0.0100%	4h	322.55	−0.012%	$18.1M	$32.1M	75x
Bitget TAOUSDTlong	+0.0100%	4h	322.59	long leg	$36.3M	$58.1M	50x
ApeX Omni TAOUSDT	+0.0100%	1h	322.85	+0.081%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	322.61	+0.006%	$86K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	322.53	−0.019%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	321.95	−0.198%	$117K	$598K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	322.66	+0.022%	$1K	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0116% / S +0.0151%	1h	322.05	−0.167%	$431K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0127%	4h	322.95	+0.112%	$54K	$292K	10x	as long as short
Aevo TAO-PERP	+0.0136%	1h	322.93	+0.105%	$177K	$998	3x	as long as short
edgeX TAOUSDC	+0.0198%	4h	322.77	+0.056%	$43K	$317K	10x	as long as short
MEXC TAO_USDT	+0.0206%	4h	322.46	−0.040%	$107.8M	$151.0M	300x	as long as short
Binance TAOUSDT	+0.0208%	4h	322.47	−0.038%	$93.6M	$527.9M	75x	as long as short
Phemex TAOUSDT	+0.0279%	4h	322.71	+0.037%	$3.3M	$8.1M	50x	as long as short
Paradex TAO-USD-PERP	+0.0284%	8h	322.57	−0.008%	$15K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0331%	4h	322.69	+0.031%	$70.9M	$156.0M	50x	as long as short
BingX TAO-USDT	+0.0346%	4h	322.69	+0.031%	—	$34.6M	—	as long as short
Aster TAOUSDT	+0.0373%	4h	322.64	+0.015%	$1.3M	$10.9M	50x	as long as short
Bullet TAO-USD	+0.0386%	1h	322.91	+0.099%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0436%	4h	322.51	−0.026%	$547K	$937K	10x	as long as short
BloFin TAO-USDT	+0.0448%	4h	323.00	+0.127%	$4.7M	$11.2M	100x	as long as short
Extended TAO-USD	+0.0464%	1h	322.70	+0.033%	$918K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0510%	1h	322.68	+0.029%	$802K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	322.52	−0.021%	$367K	$423K	10x	as long as short
Variational Omni TAO	+0.0526%	4h	322.87	+0.086%	$5.7M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	321.30	−0.400%	$320K	$709K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	323.02	+0.133%	$104K	$389K	5x	as long as short
Hyperliquid TAO	+0.0666%	1h	322.65	+0.019%	$95.4M	$110.0M	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	322.98	+0.121%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0690%	1h	322.83	+0.075%	$26K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	322.53	−0.020%	$371	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0742%	1h	322.47	−0.037%	$300K	$905K	10x	as long as short
Lighter TAO	+0.0784%	1h	322.64	+0.016%	$1.6M	$6.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	323.67	+0.335%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	323.05	+0.143%	$462K	$667K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1144%	1h	322.63	+0.012%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.44	+0.263%	$24K	$2K	12x	as long as short