Settings8H · net · $10k
Funding arb · Price arb /

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC−0.0037%/8h= −4.0% APRnext payment $0.18 per $10,000 · paid last 24h −0.063%
Price spread now: GRVT against Aster+0.057%50s7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$420.418% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.198%−$20 on $10k
Price spread, last 3 days (all we have)+0.442%+$44 · spread now +0.057%, 7d avg −0.010%
Together, before fees+0.245%+ Points / potential airdropAster: Stage 5 · GRVT: Active · farm board+$24 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.066% dearer against Aster than usual: you sell high and buy low (spread +0.057% now, against its 7-day average of −0.010%): +$7 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.0 days. At the pace of the last 5 days (−0.198% in total) that is about 42 hours. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster TAOUSDT305.780.0137pay 0.0068% / 4h2h 36m$1.1M$7.5M50x
ShortGRVT TAO_USDT_Perp305.960.0100get 0.0050% / 4h2h 36m$536K$967K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GRVT 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

Funding earned
−$7.71
Price spread: +0.057% → −0.010%
$6.63
Slippage, 4 orders
−$24.76
Fee Aster: 4 bp × 2 orders
−$8
Fee GRVT: 4.5 bp × 2 orders
−$9
Net
−$42.84
Costs to cover
0.418%
Break-even
never at this rate
Slippage from Aster: live order book, 2 min ago; GRVT: live order book, 51 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 2 min ago1.63 bp8.7 bp −$921.9 bp −$219179.4 bp −$17.9Kdoesn't fit
Sell GRVT live order book, 51 min ago2.08 bp11.9 bp −$1223.5 bp −$235doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h305.49−0.096%$128K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h305.54−0.080%$19K150xas long as short
Popdex TAOUSDT+0.0096%1h305.77−0.004%$41K$524K20xas long as short
Pacifica TAO+0.0100%1h305.97+0.061%$361K$400K10xas long as short
Binance TAOUSDT+0.0100%4h305.51−0.089%$85.7M$401.6M75xas long as short
Bybit TAOUSDT+0.0100%4h305.52−0.086%$58.8M$117.6M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h305.50−0.093%$25.0M$92.1M50xas long as short
Arcus TAO-USD+0.0100%1h306.00+0.071%$137K$593K5xas long as short
Gate TAO_USDT+0.0100%4h305.70−0.027%$12.1M$47.7M50xas long as short
MEXC TAO_USDT+0.0100%4h305.97+0.061%$112.6M$122.4M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h306.22+0.143%$18.4M$26.4M75xas long as short
Bitget TAOUSDT+0.0100%4h305.57−0.070%$34.3M$44.4M50xas long as short
BingX TAO-USDT+0.0100%4h305.91+0.042%$30.4Mas long as short
Variational Omni TAO+0.0100%4h306.23+0.147%$3.6M$6.7Mas long as short
edgeX TAOUSDC+0.0100%4h305.09−0.228%$39K$276K10xas long as short
GRVT TAO_USDT_Perpshort+0.0100%4h305.96+0.057%$536K$967K10x
ApeX Omni TAOUSDT+0.0100%1h305.81+0.009%$46K$267K50xas long as short
Bullet TAO-USD+0.0100%1h305.74−0.015%$12K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h306.08+0.097%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h305.67−0.037%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h306.13+0.114%$120K$352K20xas long as short
Phemex TAOUSDT+0.0100%4h306.11+0.107%$3.2M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h305.73−0.019%$168K$9983xas long as short
Katana Perps TAO-USD+0.0113%8h305.76−0.007%$876$426K5xas long as short
Polymarket Perps TAO-USD+0.0119%1h305.85+0.022%$85K$669K5xas long as short
Aster TAOUSDTlong+0.0137%4h305.78long leg$1.1M$7.5M50x
Paradex TAO-USD-PERP+0.0166%8h305.86+0.026%$14K$99210xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h305.49−0.094%$436K100xas long as short
Phoenix TAO+0.0234%1h306.20+0.136%$324K$462K5xas long as short
Nado TAO-PERP+0.0247%1h305.84+0.020%$848K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h306.41+0.205%$4.3M$9.4M100xas long as short
Deribit TAO_USDC-PERPETUAL+0.0494%1h306.46+0.222%$14K$1.3M25xas long as short
01 Exchange TAOUSD+0.0496%1h306.19+0.133%$3K$4K5xas long as short
Bulk TAO-USD+0.0668%1h304.81−0.318%$200K$57K10xas long as short
Extended TAO-USD+0.0672%1h305.80+0.004%$872K$1.9M25xas long as short
Reya TAORUSDPERP+0.0694%1h305.77−0.005%$35220xas long as short
Lighter TAO+0.0840%1h306.04+0.082%$1.6M$4.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h306.84+0.346%$1.5M$5.3M50xas long as short
Kraken Futures PF_TAOUSD+0.1028%1h306.51+0.239%$6.3M$19.5M50xas long as short
RISEx TAO/USDC+0.1053%1h305.97+0.060%$408K$535K5xas long as short
Backpack TAO_USDC_PERP+0.1257%1h306.78+0.326%$469K$683K10xas long as short
Hyperliquid TAO+0.1635%1h306.48+0.227%$93.1M$75.4M5xas long as short
Injective TAO/USDC PERP+0.4876%1h308.62+0.928%$22K$13812xas long as short