TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0070%/8h= −7.7% APRnext payment −$0.35 per $10,000 · paid last 24h −0.004%

Price spread now: KuCoin against MEXC+0.010%7-day average +0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.343% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 7 days+0.006%+$1 · spread now +0.010%, 7d avg +0.011%

Together, before fees+0.028%+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.011%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC TAO_USDT	313.94	0.0170	pay 0.0085% / 4h	55m 29s	$111.4M	$146.2M	300x
Short	KuCoin TAOUSDTM	313.97	0.0100	get 0.0050% / 4h	55m 29s	$17.3M	$30.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against MEXC. 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 MEXCbpFee KuCoinbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$14.7
Price spread: +0.010% → +0.011%: −$0.12
Slippage, 4 orders: −$22.28
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$49.11
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; KuCoin: live order book, 2 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 MEXC live order book, 2 min ago	0.48 bp	1.9 bp −$2	5.0 bp −$50	23.9 bp −$2,386	83.6 bp −$41.8K
Sell KuCoin live order book, 2 min ago	1.27 bp	17.6 bp −$18	29.5 bp −$295	doesn't fit	doesn't fit

TAO on 43 exchanges

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.65	−0.092%	$19K	—	150x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.90	−0.013%	$26.8M	$125.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.80	−0.045%	$16.1M	$46.2M	50x	as long as short
KuCoin TAOUSDTMshort	+0.0100%	4h	313.97	+0.010%	$17.3M	$30.9M	75x
Bitget TAOUSDT	+0.0100%	4h	313.75	−0.061%	$35.5M	$54.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.91	−0.010%	$45K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.77	−0.054%	$68K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.03	+0.029%	$1K	$1.7M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.48	−0.147%	$114K	$551K	20x	as long as short
Katana Perps TAO-USD	+0.0102%	8h	313.70	−0.076%	$1K	$1.3M	5x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Extended TAO-USD	+0.0104%	1h	313.94	0.000%	$942K	$2.1M	25x	as long as short
Aevo TAO-PERP	+0.0120%	1h	314.19	+0.079%	$173K	$998	3x	as long as short
Popdex TAOUSDT	+0.0168%	1h	313.96	+0.006%	$54K	$633K	20x	as long as short
edgeX TAOUSDC	+0.0169%	4h	313.98	+0.012%	$41K	$324K	10x	as long as short
MEXC TAO_USDTlong	+0.0170%	4h	313.94	long leg	$111.4M	$146.2M	300x
Binance TAOUSDT	+0.0172%	4h	313.96	+0.006%	$93.3M	$506.3M	75x	as long as short
Pacifica TAO	+0.0223%	1h	314.08	+0.044%	$371K	$445K	10x	as long as short
dYdX TAO-USD	+0.0267%	1h	313.58	−0.115%	$264K	$230K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0280%	4h	314.03	+0.029%	$534K	$786K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0281%	4h	314.12	+0.057%	$52K	$262K	10x	as long as short
Paradex TAO-USD-PERP	+0.0307%	8h	314.08	+0.044%	$14K	$769	10x	as long as short
Aster TAOUSDT	+0.0346%	4h	314.08	+0.046%	$1.2M	$11.4M	50x	as long as short
BingX TAO-USDT	+0.0360%	4h	314.08	+0.045%	—	$37.9M	—	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0368% / S −0.0112%	1h	313.71	−0.072%	$375K	—	100x	as long as short
Bybit TAOUSDT	+0.0370%	4h	314.01	+0.022%	$69.6M	$154.1M	50x	as long as short
BloFin TAO-USDT	+0.0409%	4h	314.04	+0.032%	$4.9M	$10.5M	100x	as long as short
Phemex TAOUSDT	+0.0416%	4h	314.34	+0.127%	$3.2M	$8.3M	50x	as long as short
Bullet TAO-USD	+0.0420%	1h	314.12	+0.057%	$12K	$16K	20x	as long as short
Lighter TAO	+0.0432%	1h	314.13	+0.061%	$1.6M	$6.7M	5x	as long as short
Nado TAO-PERP	+0.0438%	1h	313.89	−0.015%	$668K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0587%	1h	314.28	+0.108%	$99K	$284K	5x	as long as short
Variational Omni TAO	+0.0597%	4h	314.17	+0.074%	$5.8M	$9.7M	—	as long as short
Phoenix TAO	+0.0650%	1h	314.40	+0.147%	$316K	$701K	5x	as long as short
Hyperliquid TAO	+0.0678%	1h	314.03	+0.029%	$94.1M	$105.2M	5x	as long as short
RISEx TAO/USDC	+0.0694%	1h	313.89	−0.016%	$438K	$657K	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	313.81	−0.040%	$361	—	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0720%	1h	314.20	+0.084%	$27K	$1.9M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0728%	1h	314.66	+0.229%	$1.1M	$7.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0859%	1h	314.38	+0.140%	$6.3M	$19.5M	50x	as long as short
01 Exchange TAOUSD	+0.0912%	1h	314.40	+0.147%	$3K	$2K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1011%	1h	314.09	+0.048%	$295K	$1.1M	10x	as long as short
Bulk TAO-USD	+0.1436%	1h	313.89	−0.016%	$166K	$662	10x	as long as short
Injective TAO/USDC PERP	+0.4136%	1h	318.16	+1.344%	$23K	$2K	12x	as long as short