TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0060%/8h= −6.6% APRnext payment −$0.30 per $10,000 · paid last 24h −0.043%

Price spread now: Phemex against Aster−0.112%7-day average −0.037% · 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−$68as in the Price arb table

costs, in and out, $10k−$600.604% of the position

Long on Aster Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.374%−$37 on $10k

Price spread, last 3 days (all we have)+0.151%+$15 · spread now −0.112%, 7d avg −0.037%

Together, before fees−0.223%+ Points / potential airdropAster: Stage 5 · farm board−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phemex is 0.075% cheaper against Aster than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	305.90	0.0160	pay 0.0080% / 4h	2h 29m	$1.1M	$7.5M	50x
Short	Phemex TAOUSDT	305.56	0.0100	get 0.0050% / 4h	2h 29m	$3.2M	$7.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.112%Rate

Funding earned: −$12.7
Price spread: −0.112% → −0.037%: −$7.5
Slippage, 4 orders: −$40.41
Fee Aster: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$80.61
Costs to cover: 0.604%
Break-even: never at this rate

Slippage from Aster: live order book, 4 min ago; Phemex: live order book, 4 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, 4 min ago	2.12 bp	7.6 bp −$8	21.0 bp −$210	211.5 bp −$21.1K	doesn't fit
Sell Phemex live order book, 4 min ago	7.49 bp	20.1 bp −$20	doesn't fit	doesn't fit	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
dYdX TAO-USD	0.0000%	1h	307.36	+0.476%	$129K	$84K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	305.39	−0.166%	$15K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	305.17	−0.240%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.24	+0.437%	$42K	$526K	20x	as long as short
Pacifica TAO	+0.0100%	1h	307.71	+0.589%	$364K	$400K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	305.51	−0.130%	$85.5M	$402.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	305.36	−0.177%	$59.0M	$118.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	305.30	−0.197%	$25.0M	$92.2M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.60	+0.555%	$137K	$594K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	+0.382%	$201K	$57K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	305.40	−0.164%	$12.0M	$47.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	305.53	−0.122%	$112.8M	$123.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	305.72	−0.060%	$18.4M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	305.61	−0.096%	$34.3M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.24	−0.217%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	307.53	+0.532%	$3.6M	$6.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	307.38	+0.483%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.30	+0.457%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.14	+0.404%	$46K	$267K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.25	−0.213%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.25	−0.213%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	304.96	−0.308%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	304.47	−0.468%	$120K	$352K	20x	as long as short
Phemex TAOUSDTshort	+0.0100%	4h	305.56	−0.112%	$3.2M	$7.9M	50x
Aevo TAO-PERP	+0.0104%	1h	305.46	−0.143%	$168K	$998	3x	as long as short
Polymarket Perps TAO-USD	+0.0106%	1h	307.43	+0.499%	$86K	$669K	5x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	307.37	+0.480%	$1K	$430K	5x	as long as short
Aster TAOUSDTlong	+0.0160%	4h	305.90	long leg	$1.1M	$7.5M	50x
Paradex TAO-USD-PERP	+0.0163%	8h	307.63	+0.565%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	304.99	−0.297%	$435K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	308.30	+0.784%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0283%	1h	307.42	+0.494%	$846K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	307.28	+0.450%	$4.2M	$9.5M	100x	as long as short
01 Exchange TAOUSD	+0.0520%	1h	307.74	+0.601%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.05	+0.375%	$353	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	305.51	−0.127%	$901K	$2.0M	25x	as long as short
Lighter TAO	+0.0944%	1h	306.26	+0.116%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	305.96	+0.019%	$1.5M	$5.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1031%	1h	305.85	−0.018%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.49	+0.520%	$411K	$535K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1302%	1h	305.78	−0.040%	$437K	$703K	10x	as long as short
Hyperliquid TAO	+0.1694%	1h	306.58	+0.221%	$93.7M	$75.8M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.62	+0.888%	$22K	$138	12x	as long as short