Funding you earn now, next payment 22:00 UTC+0.1090%/8h= +119.3% APRpaid last 24h −0.024%
Price spread now: Backpack against Aster+0.134%7-day average −0.005% · 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−$36as in the Price arb table
costs, in and out, $10k−$500.497% of the position
Funding, last 5 days (all we have)−0.103%−$10 on $10k
+Price spread, last 4 days (all we have)−0.091%−$9 · spread now +0.134%, 7d avg −0.005%
=Together, before fees−0.194%+ Points / potential airdropAster: Stage 5 · farm board−$19 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$33 a day on $10k at the current rate, and Backpack is 0.139% dearer against Aster than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.005%. Mind the row above: over the last 5 days funding on this pair cost −0.103%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid -0.103% in total (about -7.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster TAOUSDT | 306.00 | 0.0117 | pay 0.0058% / 4h | 2h 40m | $1.1M | $7.5M | 50x |
| Short | Backpack TAO_USDC_PERP | 306.41 | 0.1206 | get 0.0151% / 1h | 40m 40s | $469K | $683K | 10x |
Aster TAOUSDT
Backpack TAO_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Aster. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $228.8
- Price spread: +0.134% → −0.005%
- $13.93
- Slippage, 4 orders
- −$31.67
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- $193.06
- Costs to cover
- 0.497%
- Break-even
- 1.1 days
Slippage from Aster: live order book, 3 min ago; Backpack: live order book, 48 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, 3 min ago | 3.60 bp | 10.3 bp −$10 | 26.7 bp −$267 | 183.6 bp −$18.4K | doesn't fit |
| Sell Backpack live order book, 48 min ago | 0.64 bp | 9.0 bp −$9 | 13.3 bp −$133 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 305.70 | −0.099% | $128K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 306.07 | +0.024% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 306.03 | +0.010% | $40K | $522K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 306.15 | +0.049% | $362K | $401K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 306.06 | +0.021% | $85.8M | $401.5M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 306.19 | +0.062% | $58.9M | $117.5M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 306.00 | 0.000% | $25.0M | $92.2M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 306.47 | +0.154% | $137K | $593K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 305.80 | −0.065% | $12.1M | $47.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 306.05 | +0.016% | $112.5M | $122.0M | 300x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 305.93 | −0.023% | $18.2M | $26.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 305.86 | −0.046% | $34.3M | $44.4M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 306.01 | +0.003% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 304.69 | −0.429% | $3.6M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 305.46 | −0.176% | $40K | $277K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 304.62 | −0.452% | $544K | $957K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 305.59 | −0.134% | $46K | $267K | 50x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 306.29 | +0.096% | $12K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 306.16 | +0.052% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 306.13 | +0.042% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 306.02 | +0.007% | $120K | $352K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 305.95 | −0.016% | $3.2M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 306.16 | +0.053% | $168K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0113% | 8h | 306.22 | +0.072% | $875 | $419K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0114% | 1h | 306.32 | +0.105% | $84K | $668K | 5x | as long as short |
| Aster TAOUSDTlong | +0.0117% | 4h | 306.00 | long leg | $1.1M | $7.5M | 50x | |
| Paradex TAO-USD-PERP | +0.0165% | 8h | 306.05 | +0.015% | $14K | $992 | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 306.07 | +0.023% | $437K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0182% | 1h | 306.26 | +0.085% | $13K | $1.3M | 25x | as long as short |
| Nado TAO-PERP | +0.0187% | 1h | 306.02 | +0.006% | $846K | $1.9M | 10x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 305.80 | −0.065% | $324K | $462K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 306.16 | +0.052% | $4.3M | $9.4M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0472% | 1h | 306.11 | +0.036% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0648% | 1h | 305.91 | −0.029% | $873K | $1.9M | 25x | as long as short |
| Bulk TAO-USD | +0.0668% | 1h | 304.81 | −0.389% | $200K | $57K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 306.33 | +0.107% | $352 | — | 20x | as long as short |
| Lighter TAO | +0.0784% | 1h | 306.40 | +0.131% | $1.6M | $4.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 306.88 | +0.288% | $1.5M | $5.4M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1029% | 1h | 306.36 | +0.117% | $6.3M | $19.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 305.86 | −0.046% | $407K | $531K | 5x | as long as short |
| Backpack TAO_USDC_PERPshort | +0.1206% | 1h | 306.41 | +0.134% | $469K | $683K | 10x | |
| Hyperliquid TAO | +0.1571% | 1h | 306.67 | +0.219% | $93.0M | $75.4M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 307.78 | +0.582% | $22K | $136 | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Polymarket Perps TAO-USD
Paradex TAO-USD-PERP
GMX TAO/USD [WBTC.b-USDC]
Deribit TAO_USDC-PERPETUAL
Nado TAO-PERP
Phoenix TAO
BloFin TAO-USDT
01 Exchange TAOUSD
Extended TAO-USD
Bulk TAO-USD
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP