Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0102%/8h= −11.1% APRpaid last 24h −0.015%

Price spread now: dYdX against Aster−0.060%7-day average −0.082% · 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−$113as in the Price arb table

costs, in and out, $10k−$1151.148% of the position

Long on Aster Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.036%−$4 on $10k

Price spread, last 4 days (all we have)−0.088%−$9 · spread now −0.060%, 7d avg −0.082%

Together, before fees−0.124%+ Points / potential airdropAster: Stage 5 · farm board−$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.022% dearer against Aster than usual: you sell high and buy low (spread −0.060% now, against its 7-day average of −0.082%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 hours. At the pace of the last 5 days (−0.036% in total) that is about 3.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	302.35	0.0102	pay 0.0051% / 4h	1h 36m	$1.1M	$7.7M	50x
Short	dYdX TAO-USD	302.17	0	get 0.0000% / 1h	36m 10s	$124K	$85K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.060%Rate

Funding earned: −$21.35
Price spread: −0.060% → −0.082%: $2.23
Slippage, 4 orders: −$96.76
Fee Aster: 4 bp × 2 orders: −$8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$133.88
Costs to cover: 1.148%
Break-even: never at this rate

Slippage from Aster: live order book, 3 min ago; dYdX: 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	1.32 bp	9.8 bp −$10	23.9 bp −$239	220.8 bp −$22.1K	doesn't fit
Sell dYdX live order book, 48 min ago	43.74 bp	49.8 bp −$50	63.6 bp −$636	174.1 bp −$17.4K	377.9 bp −$188.9K

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	−0.0186%	1h	303.81	+0.482%	$162K	$54K	10x	as long as short
dYdX TAO-USDshort	0.0000%	1h	302.17	−0.060%	$124K	$85K	5x
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	302.25	−0.032%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	302.48	+0.042%	$44K	$535K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	302.32	−0.012%	$84.7M	$412.4M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	302.51	+0.052%	$58.5M	$121.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	302.40	+0.016%	$24.3M	$94.7M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	302.63	+0.092%	$79K	$642K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	302.10	−0.083%	$12.1M	$48.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	302.43	+0.026%	$110.0M	$124.8M	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	302.36	+0.003%	$18.2M	$27.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	302.11	−0.080%	$33.8M	$45.9M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	302.28	−0.024%	—	$30.3M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.66	+0.433%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.48	+0.372%	$39K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.75	+0.461%	$502K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.30	+0.314%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	302.44	+0.029%	$77K	$600K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	302.51	+0.052%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	302.38	+0.009%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	302.27	−0.027%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	302.44	+0.029%	$121K	$363K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	302.27	−0.027%	$3.2M	$7.8M	50x	as long as short
Aster TAOUSDTlong	+0.0102%	4h	302.35	long leg	$1.1M	$7.7M	50x
Aevo TAO-PERP	+0.0104%	1h	302.73	+0.126%	$166K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	302.59	+0.079%	$619	$491K	5x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	302.14	−0.070%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	302.44	+0.030%	$357K	$371K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	302.23	−0.039%	$431K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0208%	1h	302.39	+0.012%	$21K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.21	+0.284%	$4.2M	$9.3M	100x	as long as short
Lighter TAO	+0.0344%	1h	302.42	+0.022%	$1.6M	$5.3M	5x	as long as short
Nado TAO-PERP	+0.0377%	1h	302.48	+0.042%	$816K	$1.9M	10x	as long as short
01 Exchange TAOUSD	+0.0400%	1h	302.47	+0.039%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0425%	1h	302.32	−0.011%	$376K	$757K	10x	as long as short
Phoenix TAO	+0.0521%	1h	304.10	+0.578%	$322K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	302.33	−0.006%	$348	—	20x	as long as short
Extended TAO-USD	+0.0848%	1h	302.44	+0.030%	$835K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	302.58	+0.075%	$1.4M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1045%	1h	302.28	−0.025%	$5.7M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1084%	1h	302.52	+0.056%	$91.8M	$80.4M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	302.65	+0.099%	$409K	$545K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+2.110%	$22K	$264	12x	as long as short