data as of
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Price arb /

TAO

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Spread before costs (cost unknown: a leg has no order-book sample)+1.174%
7d average+0.494%if it closes, per $10,000$117funding while held, a day+$49.96
Long on KuCoinShort on Injective
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin TAOUSDTM283.710.0100pay 0.0050% / 4h1h 25m$17.3M$17.8M75x
ShortInjective TAO/USDC PERP287.040.1765get 0.0221% / 1h25m 11s$21K$125K12x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$117.37
Funding while held
$49.96
Slippage, 4 orders
no order book: not counted
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
$155.32
Spread needed to break even
0.120%
Slippage unknown: KuCoin: live order book, 10 min ago; Injective: live order book, 65 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.1665%
Per $10,000 a day
+$49.96
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 10 min ago0.53 bp16.2 bp −$1633.3 bp −$333doesn't fitdoesn't fit
Sell Injective live order book, 65 min ago49.97 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
HTX283.14cheapestBitget283.35+0.074%Gate283.40+0.092%Paradex283.46+0.114%Reya283.51+0.130%Variational Omni283.52+0.133%GMX283.52+0.134%BloFin283.52+0.134%Katana Perps283.54+0.141%dYdX283.56+0.148%Extended283.56+0.150%Nado283.57+0.151%ApeX Omni283.57+0.152%Bullet283.59+0.158%Aster283.60+0.162%OKX283.60+0.162%gTrade (Gains Network)283.61+0.166%Pacifica283.61+0.166%Popdex283.61+0.166%MEXC283.61+0.166%Polymarket Perps283.63+0.173%Binance283.66+0.185%RISEx283.68+0.192%Orderly283.69+0.194%Deribit283.70+0.198%SunX283.70+0.198%Phemex283.70+0.198%Aevo283.70+0.199%
KuCoin283.71+0.201%
BingX283.74+0.212%Backpack283.74+0.212%Bybit283.76+0.219%Arcus283.77+0.223%Bulk283.82+0.240%Hyperliquid283.86+0.254%Kraken Futures283.88+0.261%Phoenix283.90+0.268%Lighter283.96+0.291%edgeX284.42+0.453%Coinbase International286.24+1.095%
Injective287.04+1.377%

TAO on 41 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX TAO-USDT−0.201%+0.0100%4h$115K$309K20xas long as short
Bitget TAOUSDT−0.127%+0.0100%4h$32.1M$34.2M50xas long as short
Gate TAO_USDT−0.109%+0.0100%4h$11.2M$44.8M50xas long as short
Paradex TAO-USD-PERP−0.088%+0.0103%8h$13K$37610xas long as short
Reya TAORUSDPERP−0.072%+0.0692%1h$326—20xas long as short
Variational Omni TAO−0.069%+0.0100%4h$3.3M$4.5M—as long as short
GMX TAO/USD [WBTC.b-USDC]−0.068%L +0.0468% / S −0.0193%1h$424K—100xas long as short
BloFin TAO-USDT−0.067%+0.0340%4h$4.1M$6.9M100xas long as short
Katana Perps TAO-USD−0.060%+0.0100%8h$580$262K5xas long as short
dYdX TAO-USD−0.053%+0.0074%1h$72K$55K5xas long as short
Show all 41 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Extended TAO-USD−0.051%+0.0104%1h$791K$1.2M25xas long as short
Nado TAO-PERP−0.050%+0.0316%1h$1.1M$1.1M10xas long as short
ApeX Omni TAOUSDT−0.049%+0.0100%1h$43K$266K50xas long as short
Bullet TAO-USD−0.044%+0.0100%1h$10K$17K20xas long as short
Aster TAOUSDT−0.039%+0.0100%4h$1.7M$4.7M50xas long as short
OKX TAO-USDT-SWAP−0.039%+0.0100%8h$23.0M$64.3M50xas long as short
gTrade (Gains Network) TAO/USD−0.036%L +0.0004% / S −0.0012%1h$18K—150xas long as short
Pacifica TAO−0.035%+0.0100%1h$330K$368K10xas long as short
Popdex TAOUSDT−0.035%+0.0096%1h$40K$444K20xas long as short
MEXC TAO_USDT−0.035%+0.0100%4h$103.8M$95.3M300xas long as short
Polymarket Perps TAO-USD−0.028%+0.0100%1h$72K$1.1M5xas long as short
Binance TAOUSDT−0.016%+0.0100%4h$79.7M$307.9M75xas long as short
RISEx TAO/USDC−0.009%+0.0556%1h$319K$397K5xas long as short
Orderly PERP_TAO_USDC−0.007%+0.0100%4h$51K$146K10xas long as short
Deribit TAO_USDC-PERPETUAL−0.004%0.0000%1h$25K$868K25xas long as short
SunX TAO-USDT−0.004%+0.0100%4h$1K$1.5M20xas long as short
Phemex TAOUSDT−0.004%+0.0100%4h$3.0M$7.7M50xas long as short
Aevo TAO-PERP−0.002%+0.0104%1h$156K$9983xas long as short
KuCoin TAOUSDTMlong0.000%+0.0100%4h$17.3M$17.8M75x
BingX TAO-USDT+0.011%+0.0100%4h—$28.1M—as long as short
Backpack TAO_USDC_PERP+0.011%+0.0100%1h$288K$279K10xas long as short
Bybit TAOUSDT+0.018%+0.0100%4h$51.4M$80.9M50xas long as short
Arcus TAO-USD+0.021%+0.0100%1h$121K$570K5xas long as short
Bulk TAO-USD+0.039%+0.0100%1h$148K$010xas long as short
Hyperliquid TAO+0.053%+0.0336%1h$75.0M$47.9M5xas long as short
Kraken Futures PF_TAOUSD+0.059%+0.0451%1h$5.5M$13.1M50xas long as short
Phoenix TAO+0.067%+0.0363%1h$300K$148K5xas long as short
Lighter TAO+0.089%+0.0304%1h$1.3M$1.8M5xas long as short
edgeX TAOUSDC+0.251%+0.0100%4h$32K$284K10xas long as short
Coinbase International TAO-PERP-INTX+0.892%+0.1000%1h$1.4M$4.1M50xas long as short
Injective TAO/USDC PERPshort+1.174%+0.1765%1h$21K$125K12x