Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.002%

Price spread now: Polymarket Perps against KuCoin−0.016%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 4 days (all we have)+0.258%+$26 · spread now −0.016%, 7d avg −0.003%

Together, before fees+0.156%+$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	314.02	0.0100	pay 0.0050% / 4h	2h 45m	$17.5M	$31.4M	75x
Short	Polymarket Perps TAO-USD	313.97	0.0100	get 0.0013% / 1h	45m 07s	$81K	$910K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket 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 Polymarket PerpsbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → −0.003%: −$1.33
Slippage, 4 orders: −$20.26
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$41.6
Costs to cover: 0.403%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Polymarket Perps: live order book, 3 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, 9 min ago	1.76 bp	11.1 bp −$11	29.4 bp −$294	85.5 bp −$8,545	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	2.71 bp	6.7 bp −$7	8.2 bp −$82	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
dYdX TAO-USD	0.0000%	1h	313.73	−0.092%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.82	−0.062%	$22K	—	150x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	314.16	+0.045%	$643	$890K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.24	+0.070%	$89.8M	$505.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.20	+0.057%	$26.2M	$122.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.90	−0.038%	$13.7M	$50.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.99	−0.010%	$105.1M	$144.7M	300x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	314.02	long leg	$17.5M	$31.4M	75x
Bitget TAOUSDT	+0.0100%	4h	313.98	−0.013%	$35.4M	$56.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.67	−0.110%	$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-USDshort	+0.0100%	1h	313.97	−0.016%	$81K	$910K	5x
SunX TAO-USDT	+0.0100%	4h	313.85	−0.054%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.62	−0.127%	$111K	$545K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.01	−0.002%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	313.93	−0.029%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0132% / S +0.0137%	1h	313.78	−0.075%	$420K	—	100x	as long as short
Bulk TAO-USD	+0.0138%	1h	312.42	−0.509%	$166K	$333	10x	as long as short
Aster TAOUSDT	+0.0166%	4h	313.95	−0.023%	$1.3M	$10.5M	50x	as long as short
Pacifica TAO	+0.0233%	1h	314.32	+0.096%	$358K	$419K	10x	as long as short
Paradex TAO-USD-PERP	+0.0239%	8h	314.24	+0.070%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0251%	4h	313.86	−0.051%	$3.2M	$7.9M	50x	as long as short
Nado TAO-PERP	+0.0253%	1h	314.23	+0.066%	$781K	$2.2M	10x	as long as short
Popdex TAOUSDT	+0.0280%	1h	314.30	+0.089%	$49K	$662K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0286%	4h	313.59	−0.136%	$533K	$942K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.18	+0.050%	$5.7M	$21.2M	50x	as long as short
ApeX Omni TAOUSDT	+0.0317%	1h	313.78	−0.076%	$44K	$256K	50x	as long as short
Bullet TAO-USD	+0.0335%	1h	314.27	+0.080%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.18	+0.051%	$4.5M	$10.9M	100x	as long as short
BingX TAO-USDT	+0.0384%	4h	314.18	+0.051%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0390%	4h	313.71	−0.099%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0408%	1h	313.89	−0.042%	$905K	$2.4M	25x	as long as short
Bybit TAOUSDT	+0.0415%	4h	314.22	+0.064%	$68.1M	$151.4M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0434%	1h	313.99	−0.008%	$11K	$1.8M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	314.53	+0.162%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	314.00	−0.006%	$312K	$713K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.01	−0.002%	$361	—	20x	as long as short
Hyperliquid TAO	+0.0749%	1h	314.29	+0.086%	$91.9M	$108.5M	5x	as long as short
01 Exchange TAOUSD	+0.0800%	1h	314.69	+0.213%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0810%	1h	314.28	+0.083%	$310K	$886K	10x	as long as short
Lighter TAO	+0.0888%	1h	314.30	+0.089%	$1.5M	$6.5M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	315.00	+0.312%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	314.24	+0.069%	$453K	$651K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	316.07	+0.653%	$23K	$2K	12x	as long as short