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% APRpaid last 24h +0.001%

Price spread now: Katana Perps against KuCoin+0.016%7-day average +0.016% · you sell dearer than you buy

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

Long on KuCoin Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.145%+$14 on $10k

Price spread, last 4 days (all we have)−0.041%−$4 · spread now +0.016%, 7d avg +0.016%

Together, before fees+0.104%+$10 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	313.67	0.0100	pay 0.0050% / 4h	2h 45m	$17.4M	$31.4M	75x
Short	Katana Perps TAO-USD	313.72	0.0100	get 0.0100% / 8h	2h 45m	$1K	$888K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now +0.016%Rate

Funding earned: −$0.08
Price spread: +0.016% → +0.016%: −$0.02
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$15.9
Costs to cover: 0.158%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 8 min ago; Katana Perps: 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, 8 min ago	1.76 bp	11.1 bp −$11	29.4 bp −$294	85.5 bp −$8,545	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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 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
dYdX TAO-USD	0.0000%	1h	313.35	−0.103%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.42	−0.078%	$22K	—	150x	as long as short
Katana Perps TAO-USDshort	+0.0100%	8h	313.72	+0.016%	$1K	$888K	5x
Binance TAOUSDT	+0.0100%	4h	313.69	+0.006%	$89.7M	$505.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.70	+0.010%	$26.2M	$122.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.40	−0.086%	$13.7M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.75	+0.026%	$104.9M	$144.7M	300x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	313.67	long leg	$17.4M	$31.4M	75x
Bitget TAOUSDT	+0.0100%	4h	313.46	−0.067%	$35.3M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.37	−0.097%	$41K	$315K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.52	−0.048%	$81K	$909K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.51	−0.051%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.20	−0.150%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.69	+0.006%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0122%	4h	313.57	−0.032%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0132% / S +0.0137%	1h	313.32	−0.112%	$420K	—	100x	as long as short
Bulk TAO-USD	+0.0138%	1h	312.42	−0.398%	$166K	$333	10x	as long as short
Aster TAOUSDT	+0.0162%	4h	313.75	+0.026%	$1.3M	$10.5M	50x	as long as short
Pacifica TAO	+0.0233%	1h	313.92	+0.079%	$357K	$419K	10x	as long as short
Paradex TAO-USD-PERP	+0.0235%	8h	313.88	+0.067%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0252%	1h	313.76	+0.028%	$780K	$2.2M	10x	as long as short
ApeX Omni TAOUSDT	+0.0255%	1h	312.72	−0.303%	$46K	$255K	50x	as long as short
GRVT TAO_USDT_Perp	+0.0260%	4h	313.21	−0.145%	$532K	$942K	10x	as long as short
Popdex TAOUSDT	+0.0288%	1h	313.87	+0.064%	$49K	$662K	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0304%	1h	313.98	+0.097%	$5.7M	$21.1M	50x	as long as short
Phemex TAOUSDT	+0.0314%	4h	313.65	−0.006%	$3.2M	$7.9M	50x	as long as short
Bullet TAO-USD	+0.0331%	1h	313.74	+0.023%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.60	−0.022%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0384%	4h	313.75	+0.026%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0390%	4h	313.71	+0.013%	$5.5M	$10.1M	—	as long as short
Bybit TAOUSDT	+0.0394%	4h	313.81	+0.045%	$68.1M	$151.3M	50x	as long as short
Extended TAO-USD	+0.0400%	1h	313.72	+0.016%	$905K	$2.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0423%	1h	313.54	−0.040%	$11K	$1.8M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	314.07	+0.128%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	313.30	−0.118%	$312K	$713K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.67	0.000%	$361	—	20x	as long as short
Hyperliquid TAO	+0.0743%	1h	313.96	+0.092%	$91.8M	$108.5M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0799%	1h	313.84	+0.054%	$310K	$886K	10x	as long as short
01 Exchange TAOUSD	+0.0800%	1h	314.30	+0.201%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0888%	1h	313.90	+0.073%	$1.5M	$6.5M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	314.47	+0.255%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	313.89	+0.070%	$452K	$651K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	316.07	+0.765%	$23K	$2K	12x	as long as short