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 0.000%

Price spread now: KuCoin against HTX+0.053%7-day average +0.108% · you sell dearer than you buy

Net, funding: paid 7d − costs−$286as in the Funding arb table

Net, price: spread back to 7d avg − costs−$296as in the Price arb table

costs, in and out, $10k−$2912.907% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.046%+$5 on $10k

Price spread, last 4 days (all we have)+0.144%+$14 · spread now +0.053%, 7d avg +0.108%

Together, before fees+0.190%+$19 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 0.055% cheaper against HTX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.108%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX TAO-USDT	319.75	0.0100	pay 0.0050% / 4h	1h 43m	$118K	$589K	20x
Short	KuCoin TAOUSDTM	319.92	0.0100	get 0.0050% / 4h	1h 43m	$17.8M	$32.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against HTX. 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 HTXbpFee KuCoinbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → +0.108%: −$5.53
Slippage, 4 orders: −$266.73
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$296.26
Costs to cover: 2.907%
Break-even: never at this rate

Slippage from HTX: live order book, 65 min ago; KuCoin: live order book, 5 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 HTX live order book, 65 min ago	7.03 bp	108.0 bp −$108	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	1.09 bp	16.3 bp −$16	29.0 bp −$290	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	−0.2101%	1h	320.87	+0.350%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	320.04	+0.089%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	319.84	+0.027%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.33	+0.181%	$41K	$695K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.00	+0.078%	$26.6M	$129.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.60	−0.047%	$14.2M	$51.6M	50x	as long as short
KuCoin TAOUSDTMshort	+0.0100%	4h	319.92	+0.053%	$17.8M	$32.0M	75x
Bitget TAOUSDT	+0.0100%	4h	319.70	−0.016%	$35.9M	$58.3M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.44	+0.216%	$45K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.10	+0.109%	$75K	$1.1M	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	319.93	+0.056%	$1K	$2.0M	20x	as long as short
HTX TAO-USDTlong	+0.0100%	4h	319.75	long leg	$118K	$589K	20x
Phemex TAOUSDT	+0.0100%	4h	320.21	+0.144%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	320.21	+0.144%	$727	$992K	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	320.06	+0.099%	$176K	$998	3x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0121% / S +0.0156%	1h	319.84	+0.027%	$433K	—	100x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	320.04	+0.091%	$53K	$293K	10x	as long as short
MEXC TAO_USDT	+0.0150%	4h	319.83	+0.025%	$105.1M	$149.6M	300x	as long as short
edgeX TAOUSDC	+0.0153%	4h	320.18	+0.135%	$42K	$318K	10x	as long as short
Binance TAOUSDT	+0.0156%	4h	320.01	+0.082%	$92.6M	$527.0M	75x	as long as short
Paradex TAO-USD-PERP	+0.0264%	8h	320.15	+0.127%	$15K	$1K	10x	as long as short
Aster TAOUSDT	+0.0312%	4h	320.05	+0.095%	$1.3M	$10.9M	50x	as long as short
BingX TAO-USDT	+0.0386%	4h	319.92	+0.053%	—	$34.4M	—	as long as short
Bullet TAO-USD	+0.0387%	1h	320.22	+0.147%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0390%	4h	320.36	+0.191%	$4.7M	$11.1M	100x	as long as short
Bybit TAOUSDT	+0.0398%	4h	320.03	+0.088%	$69.9M	$155.9M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0408%	4h	319.77	+0.007%	$544K	$948K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	319.81	+0.019%	$917K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	320.22	+0.147%	$365K	$423K	10x	as long as short
Variational Omni TAO	+0.0538%	4h	319.36	−0.122%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	320.30	+0.172%	$319K	$709K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0573%	1h	319.97	+0.068%	$14K	$1.9M	25x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	320.61	+0.269%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0641%	1h	319.97	+0.069%	$300K	$908K	10x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.60	+0.266%	$103K	$394K	5x	as long as short
Nado TAO-PERP	+0.0643%	1h	320.27	+0.163%	$802K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0667%	1h	320.17	+0.131%	$94.6M	$110.1M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	320.18	+0.133%	$368	—	20x	as long as short
Lighter TAO	+0.0856%	1h	320.32	+0.179%	$1.5M	$6.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.04	+0.403%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	320.29	+0.169%	$463K	$665K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1153%	1h	320.09	+0.106%	$6.1M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	328.25	+2.658%	$24K	$2K	12x	as long as short