Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.043%

Price spread now: BingX against Aster−0.007%7-day average −0.101% · 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−$24as in the Price arb table

costs, in and out, $10k−$330.332% of the position

Long on Aster Short on BingX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.159%−$16 on $10k

Price spread, last 7 days−0.154%−$15 · spread now −0.007%, 7d avg −0.101%

Together, before fees−0.313%+ Points / potential airdropAster: Stage 5 · farm board−$31 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: BingX is 0.095% dearer against Aster than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	304.84	0.0100	pay 0.0050% / 4h	2h 50m	$1.1M	$7.4M	50x
Short	BingX TAO-USDT	304.82	0.0100	get 0.0050% / 4h	2h 50m	—	$30.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → −0.101%: $9.45
Slippage, 4 orders: −$15.19
Fee Aster: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$23.73
Costs to cover: 0.332%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; BingX: live order book, 4 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, 4 min ago	2.80 bp	8.1 bp −$8	26.3 bp −$263	194.9 bp −$19.5K	doesn't fit
Sell BingX live order book, 4 min ago	0.82 bp	6.4 bp −$6	9.6 bp −$96	28.1 bp −$2,814	76.5 bp −$38.3K

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	−0.0973%	1h	304.87	+0.010%	$200K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	303.84	−0.328%	$128K	$89K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	304.09	−0.245%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	304.08	−0.249%	$39K	$521K	20x	as long as short
Aster TAOUSDTlong	+0.0100%	4h	304.84	long leg	$1.1M	$7.4M	50x
Pacifica TAO	+0.0100%	1h	304.12	−0.235%	$355K	$405K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	304.80	−0.013%	$85.1M	$400.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	305.01	+0.056%	$58.2M	$117.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	304.80	−0.013%	$24.8M	$91.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.27	−0.187%	$135K	$591K	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	304.70	−0.046%	$12.0M	$47.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	304.80	−0.013%	$111.3M	$121.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	304.66	−0.059%	$18.1M	$26.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	304.66	−0.059%	$34.1M	$44.2M	50x	as long as short
BingX TAO-USDTshort	+0.0100%	4h	304.82	−0.007%	—	$30.5M	—
Variational Omni TAO	+0.0100%	4h	303.48	−0.447%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.44	−0.460%	$39K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.31	−0.502%	$531K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.63	−0.397%	$47K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	304.34	−0.164%	$82K	$668K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	304.27	−0.185%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	304.25	−0.194%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	304.13	−0.233%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	304.56	−0.092%	$120K	$351K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	304.73	−0.036%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	304.30	−0.178%	$167K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	303.95	−0.292%	$1K	$416K	5x	as long as short
Nado TAO-PERP	+0.0153%	1h	303.96	−0.288%	$742K	$1.8M	10x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	304.08	−0.249%	$14K	$992	10x	as long as short
Phoenix TAO	+0.0234%	1h	303.50	−0.440%	$321K	$462K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0311%	1h	304.94	+0.031%	$16K	$1.3M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.67	−0.384%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0360%	1h	304.22	−0.203%	$3K	$4K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0465% / S −0.0175%	1h	304.05	−0.259%	$433K	—	100x	as long as short
Lighter TAO	+0.0544%	1h	305.10	+0.084%	$1.6M	$4.7M	5x	as long as short
Extended TAO-USD	+0.0600%	1h	304.79	−0.015%	$867K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	304.17	−0.218%	$350	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	304.34	−0.164%	$1.5M	$5.3M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0989%	1h	305.28	+0.144%	$467K	$689K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.1034%	1h	305.00	+0.052%	$6.2M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	304.19	−0.214%	$400K	$530K	5x	as long as short
Hyperliquid TAO	+0.1197%	1h	305.45	+0.200%	$91.5M	$74.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	311.91	+2.319%	$23K	$135	12x	as long as short