TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0133%/8h= +14.6% APRnext payment +$0.67 per $10,000 · paid last 24h −0.034%

Price spread now: Bybit against Aster−0.194%7-day average −0.076% · 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−$44as in the Price arb table

costs, in and out, $10k−$320.325% of the position

Long on Aster Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.163%−$16 on $10k

Price spread, last 7 days+0.021%+$2 · spread now −0.194%, 7d avg −0.076%

Together, before fees−0.142%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Bybit is 0.118% cheaper against Aster than usual: you would sell low and buy high (spread −0.194% now, against its 7-day average of −0.076%). If the spread goes back, that is −$12 on $10k: about 3.0 days of funding at the current rate (+$4 a day). Mind the row above: over the last 5 days funding on this pair cost −0.163%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	323.26	0.0362	pay 0.0181% / 4h	1h 17m	$1.2M	$9.9M	50x
Short	Bybit TAOUSDT	322.63	0.0495	get 0.0247% / 4h	1h 17m	$70.7M	$144.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.194%Rate

Funding earned: $27.93
Price spread: −0.194% → −0.076%: −$11.8
Slippage, 4 orders: −$13.49
Fee Aster: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$16.36
Costs to cover: 0.325%
Break-even: 11.1 days

Slippage from Aster: live order book, 2 min ago; Bybit: live order book, 2 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, 2 min ago	0.15 bp	8.1 bp −$8	8.2 bp −$82	100.0 bp −$9,997	doesn't fit
Sell Bybit live order book, 2 min ago	0.15 bp	6.2 bp −$6	11.7 bp −$117	32.2 bp −$3,225	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	−0.5148%	1h	323.99	+0.226%	$172K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	323.80	+0.167%	$129K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	322.90	−0.111%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	324.05	+0.245%	$38K	$680K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	323.16	−0.029%	$94.8M	$482.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.00	−0.080%	$26.7M	$120.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.00	−0.080%	$13.3M	$50.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	323.38	+0.038%	$103.0M	$142.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.68	+0.130%	$18.1M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.76	−0.154%	$36.2M	$55.0M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	324.20	+0.292%	$36K	$303K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	323.60	+0.106%	$88K	$792K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	323.35	+0.028%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	322.68	−0.179%	$131K	$483K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	323.32	+0.019%	$3.5M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	323.06	−0.063%	$177K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0117%	8h	323.68	+0.130%	$2K	$776K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0124%	4h	323.18	−0.024%	$58K	$282K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0158% / S +0.0127%	1h	322.99	−0.084%	$448K	—	100x	as long as short
GRVT TAO_USDT_Perp	+0.0232%	4h	324.16	+0.280%	$538K	$965K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0243%	1h	322.85	−0.125%	$5.7M	$20.7M	50x	as long as short
Bullet TAO-USD	+0.0257%	1h	323.39	+0.041%	$13K	$18K	20x	as long as short
Paradex TAO-USD-PERP	+0.0278%	8h	324.14	+0.272%	$15K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0332%	1h	322.78	−0.148%	$19K	$1.6M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	323.03	−0.071%	$3.8M	$11.5M	100x	as long as short
Aster TAOUSDTlong	+0.0362%	4h	323.26	long leg	$1.2M	$9.9M	50x
Pacifica TAO	+0.0448%	1h	323.97	+0.220%	$383K	$405K	10x	as long as short
BingX TAO-USDT	+0.0466%	4h	323.28	+0.007%	—	$30.3M	—	as long as short
Bybit TAOUSDTshort	+0.0495%	4h	322.63	−0.194%	$70.7M	$144.5M	50x
Phoenix TAO	+0.0504%	1h	324.80	+0.477%	$340K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	324.23	+0.301%	$102K	$488K	5x	as long as short
ApeX Omni TAOUSDT	+0.0557%	1h	324.92	+0.514%	$48K	$253K	50x	as long as short
Nado TAO-PERP	+0.0576%	1h	323.65	+0.121%	$782K	$2.1M	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	323.16	−0.031%	$372	—	20x	as long as short
01 Exchange TAOUSD	+0.0784%	1h	324.08	+0.254%	$3K	$4K	5x	as long as short
Extended TAO-USD	+0.0808%	1h	322.85	−0.125%	$948K	$2.4M	25x	as long as short
Variational Omni TAO	+0.0824%	4h	324.49	+0.382%	$6.0M	$9.8M	—	as long as short
Lighter TAO	+0.0872%	1h	323.46	+0.061%	$1.6M	$6.4M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	323.83	+0.177%	$1.5M	$6.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1038%	1h	323.98	+0.223%	$445K	$854K	10x	as long as short
RISEx TAO/USDC	+0.1159%	1h	323.75	+0.154%	$466K	$651K	5x	as long as short
Hyperliquid TAO	+0.1220%	1h	323.70	+0.137%	$102.2M	$99.4M	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	326.77	+1.086%	$24K	$2K	12x	as long as short