Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Pacifica+0.195%46s7-day average +0.002% · you sell dearer than you buy

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

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.052%−$5 on $10k

Price spread, last 4 days (all we have)+0.231%+$23 · spread now +0.195%, 7d avg +0.002%

Together, before fees+0.179%+ Points / potential airdropPacifica: Active · farm board+$18 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.192% dearer against Pacifica than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica TAO	313.56	0.0100	pay 0.0013% / 1h	31m 57s	$365K	$396K	10x
Short	KuCoin TAOUSDTM	314.17	0.0100	get 0.0050% / 4h	3h 31m	$20.3M	$24.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Pacifica. 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 PacificabpFee KuCoinbpOrdersPrice spread, now +0.195%Rate

Funding earned: $0
Price spread: +0.195% → +0.002%: $19.2
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$0.8
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 17 min ago; KuCoin: live order book, 3 min ago. 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 Pacifica live order book, 17 min ago	3.05 bp	13.0 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.12 bp	17.0 bp −$17	37.9 bp −$379	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
Bulk TAO-USD	−1.0220%	1h	313.13	−0.136%	$209K	$54K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.15	−0.131%	$131K	$95K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	313.02	−0.172%	$27K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	313.31	−0.080%	$36K	$507K	20x	as long as short
Pacifica TAOlong	+0.0100%	1h	313.56	long leg	$365K	$396K	10x
Binance TAOUSDT	+0.0100%	4h	313.84	+0.089%	$88.9M	$381.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.80	+0.077%	$25.8M	$89.1M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	313.84	+0.089%	$141K	$585K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.70	+0.045%	$12.4M	$47.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.78	+0.070%	$106.3M	$115.2M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTMshort	+0.0100%	4h	314.17	+0.195%	$20.3M	$24.9M	75x
Bitget TAOUSDT	+0.0100%	4h	313.93	+0.118%	$35.3M	$42.1M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.84	+0.089%	—	$29.9M	—	as long as short
Variational Omni TAO	+0.0100%	4h	313.60	+0.013%	$3.5M	$6.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.30	−0.402%	$40K	$274K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.48	−0.026%	$551K	$933K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.28	−0.408%	$48K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	313.15	−0.130%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.28	−0.089%	$60K	$277K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.55	−0.003%	$1K	$1.7M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.26	+0.223%	$125K	$354K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.12	+0.179%	$3.3M	$7.9M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.34	−0.070%	$90K	$636K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.74	+0.058%	$172K	$998	3x	as long as short
Bybit TAOUSDT	+0.0106%	4h	314.07	+0.163%	$60.3M	$112.0M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0119%	1h	313.38	−0.059%	$17K	$1.3M	25x	as long as short
Katana Perps TAO-USD	+0.0121%	8h	313.44	−0.038%	$896	$378K	5x	as long as short
Paradex TAO-USD-PERP	+0.0196%	8h	313.29	−0.087%	$15K	$992	10x	as long as short
Aster TAOUSDT	+0.0215%	4h	314.29	+0.234%	$1.7M	$7.1M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.14	+0.185%	$4.3M	$9.4M	100x	as long as short
Phoenix TAO	+0.0365%	1h	313.20	−0.115%	$332K	$326K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0392%	1h	314.14	+0.184%	$6.3M	$17.8M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0490% / S −0.0188%	1h	312.93	−0.202%	$463K	—	100x	as long as short
Backpack TAO_USDC_PERP	+0.0576%	1h	314.81	+0.399%	$403K	$555K	10x	as long as short
Extended TAO-USD	+0.0584%	1h	314.01	+0.143%	$937K	$1.8M	25x	as long as short
01 Exchange TAOUSD	+0.0616%	1h	313.84	+0.089%	$3K	$4K	5x	as long as short
RISEx TAO/USDC	+0.0688%	1h	313.54	−0.006%	$411K	$526K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	313.15	−0.131%	$360	—	20x	as long as short
Nado TAO-PERP	+0.0699%	1h	313.23	−0.105%	$1.1M	$1.5M	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0936%	1h	313.71	+0.048%	$1.5M	$5.4M	50x	as long as short
Lighter TAO	+0.2016%	1h	315.14	+0.504%	$2.0M	$3.5M	5x	as long as short
Hyperliquid TAO	+0.2508%	1h	315.57	+0.641%	$96.0M	$66.8M	5x	as long as short
Injective TAO/USDC PERP	+0.3384%	1h	316.14	+0.823%	$23K	$137	12x	as long as short