Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h 0.000%

Price spread now: KuCoin against Polymarket Perps−0.048%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$460.458% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.083%+$8 on $10k

Price spread, last 3 days (all we have)−1.196%−$120 · spread now −0.048%, 7d avg −0.001%

Together, before fees−1.114%−$111 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 0.047% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps TAO-USD	292.40	0.0100	pay 0.0013% / 1h	22m 57s	$83K	$506K	5x
Short	KuCoin TAOUSDTM	292.26	0.0100	get 0.0050% / 4h	22m 57s	$19.7M	$21.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Polymarket Perps. 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 Polymarket PerpsbpFee KuCoinbpOrdersPrice spread, now −0.048%Rate

Funding earned: $0
Price spread: −0.048% → −0.001%: −$4.73
Slippage, 4 orders: −$25.75
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$50.49
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 9 min ago; KuCoin: live order book, 10 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 Polymarket Perps live order book, 9 min ago	2.04 bp	6.2 bp −$6	6.6 bp −$66	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	0.17 bp	17.4 bp −$17	doesn't fit	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	−0.0948%	1h	288.22	−1.430%	$190K	$44K	10x	as long as short
Kraken Futures PF_TAOUSD	−0.0159%	1h	292.38	−0.008%	$5.3M	$13.8M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	292.40	0.000%	$75K	$35K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	292.14	−0.087%	$28K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	292.20	−0.068%	$33K	$476K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	292.26	−0.049%	$1.7M	$4.9M	50x	as long as short
Pacifica TAO	+0.0100%	1h	292.39	−0.005%	$339K	$373K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	292.25	−0.053%	$79.4M	$333.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	292.18	−0.075%	$51.2M	$87.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	292.20	−0.068%	$23.3M	$71.3M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TAO-USD	+0.0100%	1h	292.56	+0.055%	$128K	$579K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	291.90	−0.171%	$11.6M	$44.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	292.25	−0.051%	$104.6M	$105.4M	300x	as long as short
KuCoin TAOUSDTMshort	+0.0100%	4h	292.26	−0.048%	$19.7M	$21.1M	75x
Bitget TAOUSDT	+0.0100%	4h	292.17	−0.079%	$33.1M	$36.8M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	292.18	−0.075%	—	$29.7M	—	as long as short
Variational Omni TAO	+0.0100%	4h	294.61	+0.757%	$3.2M	$5.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	293.87	+0.502%	$38K	$272K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	294.38	+0.677%	$516K	$871K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	293.54	+0.390%	$44K	$266K	50x	as long as short
Polymarket Perps TAO-USDlong	+0.0100%	1h	292.40	long leg	$83K	$506K	5x
Bullet TAO-USD	+0.0100%	1h	292.23	−0.058%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	292.08	−0.109%	$54K	$235K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	292.06	−0.116%	$1K	$1.6M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	292.33	−0.024%	$122K	$312K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	292.15	−0.085%	$3.1M	$7.5M	50x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	292.37	−0.010%	$3K	$339K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	292.30	−0.035%	$161K	$998	3x	as long as short
Paradex TAO-USD-PERP	+0.0105%	8h	292.24	−0.055%	$14K	$376	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0135%	1h	292.29	−0.039%	$23K	$1.0M	25x	as long as short
Extended TAO-USD	+0.0168%	1h	292.27	−0.046%	$805K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0170%	1h	292.26	−0.048%	$1.0M	$1.3M	10x	as long as short
Phoenix TAO	+0.0336%	1h	294.20	+0.616%	$312K	$158K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	292.24	−0.055%	$4.0M	$7.2M	100x	as long as short
01 Exchange TAOUSD	+0.0432%	1h	292.46	+0.021%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0440%	1h	292.55	+0.051%	$1.3M	$2.4M	5x	as long as short
RISEx TAO/USDC	+0.0478%	1h	292.31	−0.030%	$336K	$451K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0480% / S −0.0195%	1h	292.17	−0.077%	$440K	—	100x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	292.13	−0.093%	$336	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0872%	1h	293.09	+0.236%	$1.5M	$4.2M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0893%	1h	292.59	+0.065%	$405K	$498K	10x	as long as short
Hyperliquid TAO	+0.1296%	1h	292.75	+0.120%	$83.5M	$55.4M	5x	as long as short
Injective TAO/USDC PERP	+0.2947%	1h	291.06	−0.458%	$21K	$39K	12x	as long as short