Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0013%/8h= +1.5% APRpaid last 24h +0.041%

Price spread now: Aster against Aevo−0.021%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$132as in the Price arb table

costs, in and out, $10k−$1281.283% of the position

Long on Aevo Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.160%+$16 on $10k

Price spread, last 3 days (all we have)−0.011%−$1 · spread now −0.021%, 7d avg +0.017%

Together, before fees+0.148%+ Points / potential airdropAster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.038% cheaper against Aevo than usual: you would sell low and buy high (spread −0.021% now, against its 7-day average of +0.017%). If the spread goes back, that is −$4 on $10k: about 9.5 days of funding at the current rate ($0 a day). At the pace of the last 5 days (+0.160% in total) that is about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aevo TAO-PERP	306.53	0.0104	pay 0.0013% / 1h	12m 10s	$168K	$998	3x
Short	Aster TAOUSDT	306.46	0.0117	get 0.0059% / 4h	1h 12m	$1.1M	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Aevo. 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 AevobpFee AsterbpOrdersPrice spread, now −0.021%Rate

Funding earned: $2.82
Price spread: −0.021% → +0.017%: −$3.81
Slippage, 4 orders: −$104.35
Fee Aevo: 8 bp × 2 orders: −$16
Fee Aster: 4 bp × 2 orders: −$8
Net: −$129.34
Costs to cover: 1.283%
Break-even: 327.8 days

Slippage from Aevo: live order book, 7 min ago; Aster: 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 Aevo live order book, 7 min ago	38.86 bp	55.6 bp −$56	295.0 bp −$2,950	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	1.64 bp	8.0 bp −$8	17.9 bp −$179	210.2 bp −$21.0K	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	306.44	−0.029%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0014%	1h	306.24	−0.095%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.73	+0.065%	$45K	$539K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.35	−0.059%	$85.8M	$414.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.45	−0.026%	$59.3M	$121.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.10	−0.140%	$24.6M	$95.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.81	+0.091%	$80K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	302.77	−1.227%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	306.40	−0.042%	$12.2M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	306.26	−0.088%	$113.8M	$125.9M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	306.28	−0.082%	$18.3M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.35	−0.059%	$34.2M	$45.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	306.58	+0.016%	—	$30.3M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.77	−0.249%	$3.7M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	305.94	−0.193%	$40K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.70	−0.270%	$505K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.91	−0.202%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	306.79	+0.085%	$75K	$555K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	306.79	+0.083%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	306.40	−0.042%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	306.63	+0.033%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.16	+0.206%	$122K	$368K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	306.17	−0.117%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	306.53	long leg	$168K	$998	3x
Katana Perps TAO-USD	+0.0110%	8h	306.69	+0.052%	$627	$505K	5x	as long as short
Aster TAOUSDTshort	+0.0117%	4h	306.46	−0.021%	$1.1M	$7.7M	50x
Paradex TAO-USD-PERP	+0.0153%	8h	306.50	−0.010%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	306.55	+0.007%	$362K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	306.40	−0.043%	$437K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0246%	1h	306.45	−0.025%	$19K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0319%	1h	306.49	−0.014%	$827K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	305.71	−0.268%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0360%	1h	306.60	+0.022%	$1.6M	$5.4M	5x	as long as short
01 Exchange TAOUSD	+0.0408%	1h	306.94	+0.134%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0450%	1h	306.07	−0.150%	$294K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	306.30	−0.075%	$320K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	306.65	+0.039%	$353	—	20x	as long as short
Extended TAO-USD	+0.0712%	1h	306.34	−0.062%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	306.68	+0.049%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1031%	1h	306.37	−0.052%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1104%	1h	307.19	+0.217%	$93.6M	$80.7M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	306.82	+0.094%	$418K	$544K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.718%	$22K	$264	12x	as long as short