Funding you earn now, next payment 22:00 UTC−0.7581%/8h= −830.1% APRpaid last 24h −0.200%
Price spread now: Bulk against Aster+0.789%7-day average −0.100% · 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+$57as in the Price arb table
costs, in and out, $10k−$320.322% of the position
Funding, last 3 days (all we have)−0.327%−$33 on $10k
+Price spread, last 4 days (all we have)−0.781%−$78 · spread now +0.789%, 7d avg −0.100%
=Together, before fees−1.108%+ Points / potential airdropAster: Stage 5 · farm board−$111 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bulk is 0.889% dearer against Aster than usual: you sell high and buy low (spread +0.789% now, against its 7-day average of −0.100%): +$89 on $10k if it goes back. Holding the pair costs −$227 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 3 days (−0.327% in total) that is about 9.0 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.327% in total (about -36.2% 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 | 303.86 | 0.0100 | pay 0.0050% / 4h | 2h 55m | $1.2M | $7.4M | 50x |
| Short | Bulk TAO-USD | 306.26 | −0.7481 | pay 0.0935% / 1h | 55m 08s | $201K | $57K | 10x |
Aster TAOUSDT
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$1,592.03
- Price spread: +0.789% → −0.100%
- $88.94
- Slippage, 4 orders
- −$17.15
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$1,535.24
- Costs to cover
- 0.322%
- Break-even
- from the start
Slippage from Aster: live order book, 4 min ago; Bulk: live order book, 33 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 | 2.29 bp | 8.0 bp −$8 | 31.7 bp −$317 | 220.9 bp −$22.1K | doesn't fit |
| Sell Bulk live order book, 33 min ago | 2.39 bp | 7.3 bp −$7 | 8.9 bp −$89 | 19.2 bp −$1,921 | 37.4 bp −$18.7K |
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-USDshort | −0.7481% | 1h | 306.26 | +0.789% | $201K | $57K | 10x | |
| dYdX TAO-USD | 0.0000% | 1h | 302.90 | −0.317% | $127K | $92K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 304.17 | +0.100% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 303.61 | −0.083% | $39K | $519K | 20x | as long as short |
| Aster TAOUSDTlong | +0.0100% | 4h | 303.86 | long leg | $1.2M | $7.4M | 50x | |
| Pacifica TAO | +0.0100% | 1h | 303.16 | −0.232% | $354K | $405K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 304.24 | +0.125% | $85.3M | $398.0M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 304.21 | +0.115% | $58.1M | $117.0M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 304.10 | +0.079% | $24.8M | $90.9M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 303.59 | −0.089% | $137K | $589K | 5x | 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-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 304.00 | +0.046% | $12.0M | $47.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 304.12 | +0.085% | $109.9M | $120.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 303.99 | +0.042% | $18.1M | $26.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 303.45 | −0.135% | $34.0M | $43.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 303.74 | −0.040% | — | $30.6M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 304.76 | +0.297% | $3.6M | $6.7M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 304.97 | +0.364% | $39K | $275K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 304.71 | +0.280% | $533K | $965K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 304.80 | +0.309% | $47K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 304.26 | +0.131% | $82K | $656K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 304.35 | +0.160% | $12K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 304.27 | +0.134% | $58K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 304.01 | +0.049% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 304.04 | +0.059% | $121K | $351K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 304.21 | +0.115% | $3.2M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 304.21 | +0.114% | $167K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0114% | 8h | 303.47 | −0.129% | $2K | $414K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0155% | 8h | 303.07 | −0.261% | $14K | $992 | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0227% | 1h | 304.07 | +0.069% | $16K | $1.3M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 304.00 | +0.046% | $4.3M | $9.3M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0360% | 1h | 303.25 | −0.201% | $3K | $4K | 5x | as long as short |
| Nado TAO-PERP | +0.0360% | 1h | 304.03 | +0.056% | $749K | $1.8M | 10x | as long as short |
| Phoenix TAO | +0.0365% | 1h | 304.50 | +0.210% | $322K | $462K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0464% / S −0.0175% | 1h | 304.15 | +0.096% | $433K | — | 100x | as long as short |
| Extended TAO-USD | +0.0544% | 1h | 304.18 | +0.106% | $868K | $1.9M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0613% | 1h | 304.40 | +0.177% | $434K | $671K | 10x | as long as short |
| Hyperliquid TAO | +0.0636% | 1h | 304.52 | +0.217% | $89.2M | $72.2M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 304.19 | +0.107% | $350 | — | 20x | as long as short |
| Lighter TAO | +0.0800% | 1h | 304.51 | +0.214% | $1.7M | $4.7M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 305.61 | +0.575% | $1.5M | $5.4M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1036% | 1h | 304.29 | +0.140% | $6.2M | $19.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 303.49 | −0.121% | $400K | $531K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 311.91 | +2.649% | $23K | $135 | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
01 Exchange TAOUSD
Nado TAO-PERP
Phoenix TAO
GMX TAO/USD [WBTC.b-USDC]
Extended TAO-USD
Backpack TAO_USDC_PERP
Hyperliquid TAO
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Injective TAO/USDC PERP