Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against KuCoin+0.097%7-day average — · you sell dearer than you buy

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

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 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 pays, funding is against you. gTrade (Gains Network) is 0.097% dearer against KuCoin than usual: you sell high and buy low (spread +0.097% now, against zero (this spread has no 7-day history yet)): +$10 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	316.82	0.0100	pay 0.0050% / 4h	2h 13m	$18.0M	$30.2M	75x
Short	gTrade (Gains Network) TAO/USD	317.13	L +0.0004% / S −0.0004%	get 0.0001% / 1h	13m 50s	$10K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against KuCoin. 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 KuCoinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.097%Rate

Funding earned: −$20.06
Price spread: +0.097% → 0.000%: $9.69
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$32.37
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. 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 KuCoin live order book, 5 min ago	1.74 bp	19.8 bp −$20	31.8 bp −$318	85.7 bp −$8,569	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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
dYdX TAO-USD	0.0000%	1h	317.69	+0.273%	$127K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USDshort	L +0.0004% / S −0.0004%	1h	317.13	+0.097%	$10K	—	150x
Popdex TAOUSDT	+0.0096%	1h	317.80	+0.309%	$43K	$637K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.90	+0.026%	$91.3M	$469.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.00	+0.057%	$26.2M	$114.2M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.28	−0.486%	$167K	$40K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.70	−0.038%	$12.9M	$50.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.01	+0.060%	$112.7M	$139.8M	300x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	316.82	long leg	$18.0M	$30.2M	75x
Bitget TAOUSDT	+0.0100%	4h	316.56	−0.082%	$35.4M	$54.0M	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	314.93	−0.597%	$35K	$300K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.80	−0.638%	$47K	$253K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	317.52	+0.221%	$58K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.15	+0.104%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.39	+0.180%	$130K	$474K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.07	+0.079%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.64	+0.257%	$174K	$998	3x	as long as short
Polymarket Perps TAO-USD	+0.0119%	1h	317.56	+0.234%	$79K	$683K	5x	as long as short
Katana Perps TAO-USD	+0.0121%	8h	317.88	+0.335%	$675	$715K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0166%	1h	317.25	+0.135%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0168% / S +0.0099%	1h	317.15	+0.105%	$434K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0176%	4h	315.62	−0.379%	$520K	$954K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0250%	1h	317.18	+0.113%	$22K	$1.5M	25x	as long as short
Bullet TAO-USD	+0.0259%	1h	317.57	+0.236%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0279%	4h	316.96	+0.044%	$1.2M	$9.4M	50x	as long as short
Pacifica TAO	+0.0285%	1h	317.86	+0.328%	$373K	$384K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	317.96	+0.360%	$100K	$529K	5x	as long as short
Paradex TAO-USD-PERP	+0.0379%	8h	317.48	+0.207%	$14K	$1K	10x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	318.67	+0.584%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0513%	1h	317.66	+0.267%	$793K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	316.00	−0.259%	$330K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0688%	1h	318.28	+0.461%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	317.66	+0.265%	$365	—	20x	as long as short
BingX TAO-USDT	+0.0800%	4h	316.87	+0.016%	—	$30.9M	—	as long as short
Bybit TAOUSDT	+0.0853%	4h	317.05	+0.073%	$67.3M	$138.7M	50x	as long as short
Variational Omni TAO	+0.0864%	4h	317.32	+0.157%	$5.5M	$8.9M	—	as long as short
Extended TAO-USD	+0.0944%	1h	316.75	−0.023%	$908K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0953%	1h	317.30	+0.152%	$321K	$810K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	318.98	+0.682%	$1.5M	$6.6M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	317.62	+0.252%	$454K	$631K	5x	as long as short
Hyperliquid TAO	+0.1366%	1h	317.62	+0.253%	$100.9M	$95.3M	5x	as long as short
Lighter TAO	+0.1432%	1h	317.69	+0.275%	$1.7M	$6.1M	5x	as long as short