Settings8H · net · $10k
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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: KuCoin against Phemex+0.154%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$920.918% of the position
Long on PhemexShort on KuCoin
What this pair did over the last
the charts below follow
Funding, last 7 days+0.479%+$48 on $10k
Price spread, last 3 days (all we have)−0.152%−$15 · spread now +0.154%, 7d avg −0.003%
Together, before fees+0.326%+$33 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 0.157% dearer against Phemex than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of −0.003%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex TAOUSDT318.440.0100pay 0.0050% / 4h3h 22m$3.4M$7.8M50x
ShortKuCoin TAOUSDTM318.930.0100get 0.0050% / 4h3h 22m$18.2M$29.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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

Funding earned
$0
Price spread: +0.154% → −0.003%
$15.67
Slippage, 4 orders
−$67.78
Fee Phemex: 6 bp × 2 orders
−$12
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$76.1
Costs to cover
0.918%
Break-even
never at this rate
Slippage from Phemex: live order book, 6 min ago; KuCoin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 6 min ago12.57 bp30.4 bp −$30doesn't fitdoesn't fitdoesn't fit
Sell KuCoin live order book, 6 min ago1.73 bp18.4 bp −$1828.6 bp −$286doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.1321%1h318.22−0.069%$169K$44K10xas long as short
dYdX TAO-USD0.0000%1h319.00+0.176%$128K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h318.34−0.033%$21K—150xas long as short
Popdex TAOUSDT+0.0096%1h318.71+0.085%$43K$596K20xas long as short
Binance TAOUSDT+0.0100%4h318.69+0.079%$91.7M$448.0M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h319.10+0.207%$26.1M$109.1M50xas long as short
Gate TAO_USDT+0.0100%4h318.70+0.082%$12.9M$50.8M50xas long as short
MEXC TAO_USDT+0.0100%4h318.98+0.170%$109.4M$135.2M300xas long as short
KuCoin TAOUSDTMshort+0.0100%4h318.93+0.154%$18.2M$29.2M75x
Bitget TAOUSDT+0.0100%4h318.54+0.031%$35.5M$50.9M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h318.41−0.009%$40K$292K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h318.34−0.033%$526K$960K10xas long as short
Bullet TAO-USD+0.0100%1h318.61+0.053%$12K$17K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h318.45+0.003%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h318.25−0.060%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h318.82+0.119%$127K$423K20xas long as short
Phemex TAOUSDTlong+0.0100%4h318.44long leg$3.4M$7.8M50x
Aevo TAO-PERP+0.0104%1h319.02+0.181%$175K$9983xas long as short
Katana Perps TAO-USD+0.0113%8h318.85+0.129%$738$624K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0173% / S +0.0093%1h318.35−0.029%$458K—100xas long as short
Pacifica TAO+0.0185%1h319.24+0.251%$378K$376K10xas long as short
Arcus TAO-USD+0.0201%1h319.00+0.176%$84K$550K5xas long as short
Aster TAOUSDT+0.0226%4h318.83+0.122%$1.2M$8.6M50xas long as short
Paradex TAO-USD-PERP+0.0234%8h318.95+0.161%$14K$1K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0241%1h318.52+0.024%$17K$1.5M25xas long as short
Polymarket Perps TAO-USD+0.0290%1h318.68+0.075%$93K$635K5xas long as short
ApeX Omni TAOUSDT+0.0316%1h317.14−0.408%$49K$267K50xas long as short
BloFin TAO-USDT+0.0340%4h318.41−0.009%$4.5M$10.8M100xas long as short
BingX TAO-USDT+0.0398%4h318.85+0.129%—$30.4M—as long as short
Variational Omni TAO+0.0460%4h318.45+0.004%$5.5M$8.7M—as long as short
Kraken Futures PF_TAOUSD+0.0481%1h318.47+0.008%$5.7M$20.3M50xas long as short
Phoenix TAO+0.0525%1h318.10−0.107%$333K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h322.97+1.423%$23K$67812xas long as short
01 Exchange TAOUSD+0.0584%1h318.78+0.107%$3K$4K5xas long as short
Bybit TAOUSDT+0.0595%4h318.85+0.129%$65.8M$133.2M50xas long as short
Reya TAORUSDPERP+0.0695%1h318.51+0.021%$366—20xas long as short
Nado TAO-PERP+0.0770%1h318.65+0.067%$891K$2.0M10xas long as short
Backpack TAO_USDC_PERP+0.0832%1h318.66+0.069%$322K$818K10xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h318.63+0.060%$1.5M$6.3M50xas long as short
Extended TAO-USD+0.1120%1h318.55+0.035%$926K$2.3M25xas long as short
RISEx TAO/USDC+0.1141%1h318.87+0.136%$423K$592K5xas long as short
Lighter TAO+0.1440%1h319.85+0.442%$1.7M$6.0M5xas long as short
Hyperliquid TAO+0.1998%1h319.59+0.361%$103.3M$91.0M5xas long as short