Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0074%/8h= −8.1% APRpaid last 24h −0.043%

Price spread now: Katana Perps against Aster−0.008%7-day average −0.016% · you buy dearer than you sell

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

Long on Aster Short on Katana Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.010%+$1 on $10k

Price spread, last 4 days (all we have)−0.027%−$3 · spread now −0.008%, 7d avg −0.016%

Together, before fees−0.017%+ Points / potential airdropAster: Stage 5 · farm board−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	315.80	0.0187	pay 0.0093% / 4h	2m 07s	$1.1M	$7.9M	50x
Short	Katana Perps TAO-USD	315.77	0.0112	get 0.0112% / 8h	2m 07s	$1K	$577K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Katana Perps 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 Katana PerpsbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$15.56
Price spread: −0.008% → −0.016%: $0.79
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Katana Perps: 1.9 bp × 2 orders: −$3.8
Net: −$26.57
Costs to cover: 0.118%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 2 min ago; Katana Perps: 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, 2 min ago	2.69 bp	9.3 bp −$9	22.8 bp −$228	doesn't fit	doesn't fit
Sell Katana Perps no order-book sample	—	—	—	—	—

Katana Perps: 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
Bulk TAO-USD	−0.2086%	1h	311.96	−1.215%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.75	−0.331%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.55	−0.077%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	315.12	−0.214%	$23K	$374	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.77	−0.008%	$39K	$568K	20x	as long as short
Pacifica TAO	+0.0100%	1h	315.35	−0.141%	$373K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.70	−0.030%	$89.6M	$431.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	316.05	+0.081%	$65.0M	$128.1M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.80	+0.001%	$25.4M	$103.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.60	−0.062%	$12.6M	$50.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	315.97	+0.055%	$111.7M	$132.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.07	+0.087%	$18.8M	$28.0M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.58	−0.068%	$35.3M	$47.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.79	−0.002%	—	$30.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.07	−0.863%	$41K	$281K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.90	−0.918%	$524K	$952K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.33	−1.097%	$47K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.85	+0.017%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.72	−0.024%	$61K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.61	−0.059%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.47	−0.103%	$129K	$422K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.87	+0.024%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.23	+0.139%	$174K	$998	3x	as long as short
Polymarket Perps TAO-USD	+0.0111%	1h	315.94	+0.046%	$77K	$450K	5x	as long as short
Katana Perps TAO-USDshort	+0.0112%	8h	315.77	−0.008%	$1K	$577K	5x
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	315.57	−0.073%	$450K	—	100x	as long as short
Arcus TAO-USD	+0.0186%	1h	315.76	−0.011%	$83K	$545K	5x	as long as short
Aster TAOUSDTlong	+0.0187%	4h	315.80	long leg	$1.1M	$7.9M	50x
Paradex TAO-USD-PERP	+0.0198%	8h	315.39	−0.128%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0220%	4h	312.31	−1.103%	$3.9M	$7.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.59	−0.065%	$4.4M	$10.6M	100x	as long as short
Nado TAO-PERP	+0.0431%	1h	315.72	−0.023%	$857K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0443%	1h	315.89	+0.031%	$25K	$1.5M	25x	as long as short
Kraken Futures PF_TAOUSD	+0.0444%	1h	316.13	+0.107%	$5.8M	$19.9M	50x	as long as short
Phoenix TAO	+0.0537%	1h	315.70	−0.030%	$330K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0546%	1h	315.95	+0.049%	$314K	$813K	10x	as long as short
01 Exchange TAOUSD	+0.0592%	1h	316.01	+0.068%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	315.77	−0.007%	$363	—	20x	as long as short
Extended TAO-USD	+0.0888%	1h	315.94	+0.047%	$926K	$2.2M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	317.76	+0.622%	$1.5M	$5.9M	50x	as long as short
Lighter TAO	+0.1192%	1h	316.45	+0.208%	$1.7M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	315.82	+0.007%	$418K	$585K	5x	as long as short
Hyperliquid TAO	+0.1589%	1h	316.29	+0.157%	$99.1M	$84.8M	5x	as long as short