Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0093%/8h= −10.1% APRpaid last 24h −0.041%

Price spread now: Aevo against Aster+1.097%7-day average −0.017% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$1331.333% of the position

Long on Aster Short on Aevo

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)−1.065%−$106 · spread now +1.097%, 7d avg −0.017%

Together, before fees−1.225%+ Points / potential airdropAster: Stage 5 · farm board−$122 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 1.114% dearer against Aster than usual: you sell high and buy low (spread +1.097% now, against its 7-day average of −0.017%): +$111 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 40 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	313.91	0.0197	pay 0.0098% / 4h	57m 58s	$1.1M	$7.8M	50x
Short	Aevo TAO-PERP	317.35	0.0104	get 0.0013% / 1h	57m 58s	$174K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now +1.097%Rate

Funding earned: −$19.44
Price spread: +1.097% → −0.017%: $111.43
Slippage, 4 orders: −$109.32
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$41.33
Costs to cover: 1.333%
Break-even: never at this rate

Slippage from Aster: live order book, 6 min ago; Aevo: live order book, 21 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 Aster live order book, 6 min ago	2.75 bp	12.8 bp −$13	29.0 bp −$290	226.2 bp −$22.6K	doesn't fit
Sell Aevo live order book, 21 min ago	38.86 bp	56.1 bp −$56	302.1 bp −$3,021	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	−0.1120%	1h	305.94	−2.539%	$164K	$52K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	313.94	+0.010%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.90	−0.004%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	308.73	−1.650%	$22K	$259	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.01	+0.032%	$39K	$540K	20x	as long as short
Pacifica TAO	+0.0100%	1h	314.17	+0.083%	$371K	$370K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.84	−0.022%	$88.4M	$418.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	313.93	+0.006%	$61.3M	$122.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.80	−0.035%	$25.3M	$99.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.90	−0.003%	$12.5M	$48.4M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	313.83	−0.025%	$119.9M	$125.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.21	+0.096%	$19.1M	$27.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.83	−0.025%	$35.1M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	313.84	−0.022%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	309.27	−1.479%	$40K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.77	−0.682%	$515K	$950K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.27	−1.478%	$46K	$269K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	314.03	+0.038%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.01	+0.032%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.19	+0.089%	$126K	$385K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	313.79	−0.038%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	317.35	+1.097%	$174K	$998	3x
Katana Perps TAO-USD	+0.0110%	8h	314.24	+0.105%	$831	$528K	5x	as long as short
Variational Omni TAO	+0.0136%	4h	310.79	−0.993%	$3.8M	$6.8M	—	as long as short
Arcus TAO-USD	+0.0186%	1h	314.24	+0.105%	$81K	$644K	5x	as long as short
Paradex TAO-USD-PERP	+0.0189%	8h	314.11	+0.062%	$14K	$1K	10x	as long as short
Aster TAOUSDTlong	+0.0197%	4h	313.91	long leg	$1.1M	$7.8M	50x
Bullet TAO-USD	+0.0230%	1h	314.18	+0.086%	$12K	$17K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0274%	1h	314.10	+0.059%	$19K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.15	+0.076%	$4.3M	$9.7M	100x	as long as short
Nado TAO-PERP	+0.0383%	1h	314.19	+0.091%	$863K	$1.9M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0447%	1h	314.07	+0.051%	$5.8M	$19.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0464%	1h	314.19	+0.089%	$77K	$548K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0477% / S −0.0175%	1h	313.87	−0.012%	$450K	—	100x	as long as short
Phoenix TAO	+0.0521%	1h	312.60	−0.417%	$327K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	313.86	−0.016%	$361	—	20x	as long as short
Extended TAO-USD	+0.0760%	1h	313.84	−0.021%	$851K	$2.1M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0901%	1h	313.95	+0.013%	$301K	$799K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	314.58	+0.213%	$1.5M	$5.7M	50x	as long as short
01 Exchange TAOUSD	+0.1104%	1h	314.83	+0.293%	$3K	$4K	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	314.23	+0.102%	$433K	$537K	5x	as long as short
Lighter TAO	+0.1512%	1h	314.44	+0.170%	$1.6M	$5.7M	5x	as long as short
Hyperliquid TAO	+0.2479%	1h	314.72	+0.258%	$98.1M	$82.3M	5x	as long as short