Funding you earn now, next payment 01:00 UTC+0.0924%/8h= +101.2% APRpaid last 24h +0.223%
Price spread now: Coinbase International against KuCoin+0.138%7-day average +0.177% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$82as in the Price arb table
costs, in and out, $10k−$790.786% of the position
Funding, last 7 days+0.546%+$55 on $10k
+Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.138%, 7d avg +0.177%
=Funding pays, the price is against you. Coinbase International is 0.039% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.138% now, against its 7-day average of +0.177%). If the spread goes back, that is −$4 on $10k: about 3 hours of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.546% in total) that is about 12 hours.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.546% in total (about 28.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin TAOUSDTM | 311.99 | 0.0100 | pay 0.0050% / 4h | 2h 57m | $18.3M | $29.9M | 75x |
| Short | Coinbase International TAO-PERP-INTX | 312.42 | 0.1024 | get 0.0128% / 1h | 57m 52s | $1.5M | $6.4M | 50x |
KuCoin TAOUSDTM
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $194.04
- Price spread: +0.138% → +0.177%
- −$3.89
- Slippage, 4 orders
- −$56.57
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $111.57
- Costs to cover
- 0.786%
- Break-even
- 3.0 days
Slippage from KuCoin: live order book, 6 min ago; Coinbase International: live order book, 1 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 KuCoin live order book, 6 min ago | 3.81 bp | 23.7 bp −$24 | 29.9 bp −$299 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 9.42 bp | 14.7 bp −$15 | 20.2 bp −$202 | 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 | −0.1228% | 1h | 316.14 | +1.330% | $168K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 310.95 | −0.334% | $124K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 312.02 | +0.009% | $12K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.59 | +0.192% | $44K | $610K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 311.63 | −0.115% | $89.5M | $454.8M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 311.60 | −0.125% | $25.3M | $108.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 311.60 | −0.125% | $12.6M | $49.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 311.97 | −0.006% | $99.9M | $134.9M | 300x | as long as short |
| KuCoin TAOUSDTMlong | +0.0100% | 4h | 311.99 | long leg | $18.3M | $29.9M | 75x | |
| Bitget TAOUSDT | +0.0100% | 4h | 311.42 | −0.183% | $34.7M | $52.1M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 315.16 | +1.016% | $40K | $294K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 313.04 | +0.337% | $522K | $962K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.60 | +0.837% | $48K | $267K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 312.28 | +0.093% | $57K | $318K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.04 | +0.016% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.35 | +0.115% | $119K | $446K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.04 | +0.017% | $171K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0118% | 8h | 312.19 | +0.064% | $639 | $657K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0125% | 1h | 311.99 | +0.001% | $16K | $1.5M | 25x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0169% | 1h | 311.96 | −0.009% | $5.6M | $20.3M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0171% / S +0.0110% | 1h | 312.10 | +0.036% | $435K | — | 100x | as long as short |
| Aster TAOUSDT | +0.0173% | 4h | 311.67 | −0.102% | $1.2M | $9.0M | 50x | as long as short |
| Bullet TAO-USD | +0.0179% | 1h | 312.59 | +0.192% | $12K | $17K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0233% | 8h | 311.67 | −0.104% | $14K | $1K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0278% | 1h | 312.73 | +0.237% | $91K | $619K | 5x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 311.74 | −0.080% | $369K | $373K | 10x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 312.43 | +0.141% | $83K | $550K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 313.04 | +0.337% | $4.4M | $10.7M | 100x | as long as short |
| Injective TAO/USDC PERP | +0.0470% | 1h | 316.84 | +1.555% | $23K | $2K | 12x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 313.80 | +0.580% | $328K | $620K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0568% | 1h | 312.56 | +0.183% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0606% | 4h | 314.06 | +0.663% | $5.4M | $8.7M | — | as long as short |
| Nado TAO-PERP | +0.0658% | 1h | 312.68 | +0.220% | $776K | $2.1M | 10x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 312.61 | +0.199% | $359 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0704% | 4h | 311.79 | −0.064% | — | $30.7M | — | as long as short |
| Bybit TAOUSDT | +0.0740% | 4h | 311.78 | −0.067% | $63.5M | $134.8M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0816% | 1h | 312.08 | +0.029% | $315K | $818K | 10x | as long as short |
| Phemex TAOUSDT | +0.0905% | 4h | 312.28 | +0.093% | $3.4M | $7.8M | 50x | as long as short |
| Hyperliquid TAO | +0.0990% | 1h | 311.94 | −0.016% | $99.4M | $92.2M | 5x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.1024% | 1h | 312.42 | +0.138% | $1.5M | $6.4M | 50x | |
| Extended TAO-USD | +0.1048% | 1h | 311.87 | −0.038% | $898K | $2.4M | 25x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 312.27 | +0.091% | $414K | $602K | 5x | as long as short |
| Lighter TAO | +0.1328% | 1h | 312.44 | +0.143% | $1.6M | $6.0M | 5x | as long as short |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Katana Perps TAO-USD
Deribit TAO_USDC-PERPETUAL
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Aster TAOUSDT
Bullet TAO-USD
Paradex TAO-USD-PERP
Polymarket Perps TAO-USD
Pacifica TAO
Arcus TAO-USD
BloFin TAO-USDT
Injective TAO/USDC PERP
Phoenix TAO
01 Exchange TAOUSD
Variational Omni TAO
Nado TAO-PERP
Reya TAORUSDPERP
BingX TAO-USDT
Bybit TAOUSDT
Backpack TAO_USDC_PERP
Phemex TAOUSDT
Hyperliquid TAO
Extended TAO-USD
RISEx TAO/USDC
Lighter TAO