Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0040%/8h= −4.4% APRpaid last 24h −0.043%

Price spread now: Bullet against Aster+0.129%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Bullet is 0.129% dearer against Aster than usual: you sell high and buy low (spread +0.129% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	307.22	0.0140	pay 0.0070% / 4h	2h 34m	$1.1M	$7.5M	50x
Short	Bullet TAO-USD	307.61	0.0100	get 0.0013% / 1h	34m 02s	$12K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.129%Rate

Funding earned: −$8.41
Price spread: +0.129% → 0.000%: $12.88
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$11.54
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 5 min ago; Bullet: no order-book sample. Net counts fees only.

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, 5 min ago	1.63 bp	8.7 bp −$9	21.9 bp −$219	179.4 bp −$17.9K	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	307.25	+0.011%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	307.46	+0.078%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.51	+0.096%	$41K	$526K	20x	as long as short
Pacifica TAO	+0.0100%	1h	307.48	+0.087%	$363K	$400K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.14	−0.025%	$86.1M	$401.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.23	+0.004%	$59.1M	$117.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.10	−0.038%	$25.0M	$92.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.62	+0.131%	$137K	$594K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.20	−0.005%	$12.1M	$47.8M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.25	+0.011%	$113.1M	$122.7M	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	307.30	+0.027%	$18.5M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.00	−0.070%	$34.4M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.30	+0.027%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	305.77	−0.471%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	305.09	−0.693%	$39K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.96	−0.410%	$536K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.64	−0.513%	$46K	$268K	50x	as long as short
Bullet TAO-USDshort	+0.0100%	1h	307.61	+0.129%	$12K	$18K	20x
Orderly PERP_TAO_USDC	+0.0100%	4h	307.46	+0.079%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.15	−0.022%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.36	+0.047%	$121K	$351K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.16	−0.018%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.44	+0.073%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	307.63	+0.135%	$879	$428K	5x	as long as short
Polymarket Perps TAO-USD	+0.0127%	1h	307.61	+0.128%	$86K	$669K	5x	as long as short
Aster TAOUSDTlong	+0.0140%	4h	307.22	long leg	$1.1M	$7.5M	50x
Paradex TAO-USD-PERP	+0.0167%	8h	307.51	+0.096%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	307.46	+0.079%	$439K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0189%	1h	307.41	+0.064%	$14K	$1.3M	25x	as long as short
Phoenix TAO	+0.0234%	1h	306.20	−0.331%	$324K	$462K	5x	as long as short
Nado TAO-PERP	+0.0251%	1h	307.53	+0.103%	$852K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	306.55	−0.217%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	308.12	+0.294%	$3K	$4K	5x	as long as short
Bulk TAO-USD	+0.0668%	1h	304.81	−0.783%	$200K	$57K	10x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.52	+0.100%	$354	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	307.29	+0.023%	$877K	$1.9M	25x	as long as short
Lighter TAO	+0.0888%	1h	307.80	+0.189%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	307.40	+0.060%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1025%	1h	307.54	+0.106%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.73	+0.166%	$412K	$537K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1295%	1h	307.71	+0.161%	$471K	$683K	10x	as long as short
Hyperliquid TAO	+0.1674%	1h	307.93	+0.232%	$93.8M	$75.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.62	+0.457%	$22K	$138	12x	as long as short