Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0233%/8h= −25.5% APRpaid last 24h −0.062%

Price spread now: gTrade (Gains Network) against Aster−0.070%7-day average — · you buy dearer than you sell

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

Long on Aster Short on gTrade (Gains Network)

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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and gTrade (Gains Network) is 0.070% cheaper against Aster than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	315.55	0.0238	pay 0.0119% / 4h	2h 25m	$1.3M	$9.4M	50x
Short	gTrade (Gains Network) TAO/USD	315.33	L +0.0004% / S −0.0004%	get 0.0001% / 1h	25m 05s	$10K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.070%Rate

Funding earned: −$48.94
Price spread: −0.070% → 0.000%: −$7.01
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$73.95
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 4 min ago; gTrade (Gains Network): 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, 4 min ago	0.16 bp	11.0 bp −$11	21.7 bp −$217	160.6 bp −$16.1K	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 42 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	314.17	−0.438%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USDshort	L +0.0004% / S −0.0004%	1h	315.33	−0.070%	$10K	—	150x
Popdex TAOUSDT	+0.0096%	1h	315.67	+0.037%	$39K	$626K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.77	−0.248%	$90.2M	$465.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.70	−0.270%	$26.0M	$112.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.40	−0.365%	$12.8M	$50.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.47	−0.343%	$109.2M	$138.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.56	−0.314%	$18.0M	$30.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.26	−0.409%	$35.1M	$53.4M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.28	−0.402%	$35K	$298K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	+0.0100%	1h	313.06	−0.790%	$47K	$256K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.55	−0.001%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.45	−0.032%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.45	−0.349%	$129K	$472K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.84	−0.226%	$3.4M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.54	−0.005%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0120%	8h	315.49	−0.020%	$1K	$700K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0136%	4h	314.59	−0.306%	$518K	$966K	10x	as long as short
Polymarket Perps TAO-USD	+0.0143%	1h	315.87	+0.101%	$82K	$679K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0168%	1h	314.95	−0.191%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0091%	1h	315.46	−0.029%	$441K	—	100x	as long as short
Bullet TAO-USD	+0.0229%	1h	315.85	+0.094%	$12K	$17K	20x	as long as short
Aster TAOUSDTlong	+0.0238%	4h	315.55	long leg	$1.3M	$9.4M	50x
Deribit TAO_USDC-PERPETUAL	+0.0284%	1h	315.10	−0.142%	$24K	$1.5M	25x	as long as short
Pacifica TAO	+0.0285%	1h	314.77	−0.247%	$370K	$381K	10x	as long as short
Paradex TAO-USD-PERP	+0.0336%	8h	314.80	−0.238%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	315.23	−0.102%	$99K	$529K	5x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	312.28	−1.037%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0512%	1h	315.68	+0.041%	$781K	$2.1M	10x	as long as short
Phoenix TAO	+0.0588%	1h	312.30	−1.031%	$326K	$681K	5x	as long as short
01 Exchange TAOUSD	+0.0648%	1h	315.43	−0.039%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.98	+0.135%	$363	—	20x	as long as short
BingX TAO-USDT	+0.0760%	4h	314.53	−0.324%	—	$31.0M	—	as long as short
Variational Omni TAO	+0.0822%	4h	315.55	0.000%	$5.5M	$8.9M	—	as long as short
Bybit TAOUSDT	+0.0826%	4h	314.81	−0.235%	$66.0M	$137.7M	50x	as long as short
Extended TAO-USD	+0.0896%	1h	315.09	−0.146%	$903K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0911%	1h	314.61	−0.299%	$318K	$814K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	316.20	+0.205%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	315.08	−0.150%	$450K	$631K	5x	as long as short
Hyperliquid TAO	+0.1245%	1h	315.00	−0.175%	$99.6M	$94.9M	5x	as long as short
Lighter TAO	+0.1424%	1h	315.70	+0.046%	$1.6M	$6.1M	5x	as long as short
Bulk TAO-USD	+0.2752%	1h	308.95	−2.094%	$164K	$40K	10x	as long as short