Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0384%/8h= +42.0% APRpaid last 24h +0.168%

Price spread now: RISEx against Aster−0.126%125s7-day average −0.018% · 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—prices read too far apart to compare

costs, in and out, $10k−$260.259% of the position

Long on Aster Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.389%+$39 on $10k

Price spread, last 4 days (all we have)+0.179%+$18 · spread now −0.126%, 7d avg −0.018%

Together, before fees+0.568%+ Points / potential airdropAster: Stage 5 · farm board+$57 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.108% cheaper against Aster than usual: you would sell low and buy high (spread −0.126% now, against its 7-day average of −0.018%). If the spread goes back, that is −$11 on $10k: about 22 hours of funding at the current rate (+$12 a day). The two prices were read 125 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	314.22	0.0282	pay 0.0141% / 4h	1h 29m	$1.2M	$11.3M	50x
Short	RISEx TAO/USDC	313.83	0.0666	get 0.0083% / 1h	29m 35s	$435K	$669K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.126%Rate

Funding earned: $80.61
Price spread: −0.126% → −0.018%: −$10.77
Slippage, 4 orders: −$11.87
Fee Aster: 4 bp × 2 orders: −$8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $43.97
Costs to cover: 0.259%
Break-even: 3.2 days

Slippage from Aster: live order book, 2 min ago; RISEx: live order book, 17 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, 2 min ago	1.27 bp	8.0 bp −$8	16.9 bp −$169	178.1 bp −$17.8K	doesn't fit
Sell RISEx live order book, 17 min ago	2.22 bp	5.2 bp −$5	16.7 bp −$167	doesn't fit	doesn't fit

TAO on 43 exchanges

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	313.63	−0.191%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.40	+0.056%	$52K	$632K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.90	−0.103%	$26.6M	$126.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.20	−0.008%	$15.8M	$48.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.43	+0.065%	$17.4M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.25	+0.008%	$35.6M	$55.7M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.93	−0.094%	$44K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.83	−0.126%	$70K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.13	−0.030%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.87	−0.113%	$111K	$555K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0103%	8h	314.30	+0.024%	$1K	$1.3M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	314.31	+0.026%	$173K	$998	3x	as long as short
Extended TAO-USD	+0.0120%	1h	314.37	+0.048%	$949K	$2.1M	25x	as long as short
MEXC TAO_USDT	+0.0124%	4h	314.50	+0.088%	$108.9M	$149.1M	300x	as long as short
Binance TAOUSDT	+0.0125%	4h	314.00	−0.071%	$92.4M	$511.2M	75x	as long as short
edgeX TAOUSDC	+0.0127%	4h	313.93	−0.095%	$42K	$325K	10x	as long as short
Lighter TAO	+0.0128%	1h	314.53	+0.098%	$1.6M	$6.7M	5x	as long as short
Bybit TAOUSDT	+0.0131%	4h	314.04	−0.059%	$68.6M	$155.6M	50x	as long as short
BingX TAO-USDT	+0.0166%	4h	314.40	+0.056%	—	$38.1M	—	as long as short
Paradex TAO-USD-PERP	+0.0186%	8h	314.50	+0.087%	$14K	$876	10x	as long as short
GRVT TAO_USDT_Perp	+0.0218%	4h	313.65	−0.182%	$535K	$795K	10x	as long as short
Pacifica TAO	+0.0240%	1h	314.44	+0.069%	$372K	$456K	10x	as long as short
Bullet TAO-USD	+0.0250%	1h	314.39	+0.054%	$12K	$16K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0250%	4h	314.37	+0.046%	$52K	$262K	10x	as long as short
Aster TAOUSDTlong	+0.0282%	4h	314.22	long leg	$1.2M	$11.3M	50x
Phemex TAOUSDT	+0.0287%	4h	314.13	−0.030%	$3.2M	$8.2M	50x	as long as short
Nado TAO-PERP	+0.0355%	1h	313.99	−0.074%	$670K	$2.0M	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0358% / S −0.0107%	1h	314.12	−0.034%	$369K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0362%	1h	314.40	+0.055%	$16K	$1.9M	25x	as long as short
BloFin TAO-USDT	+0.0367%	4h	313.99	−0.075%	$4.8M	$10.6M	100x	as long as short
Variational Omni TAO	+0.0466%	4h	313.94	−0.090%	$5.6M	$9.9M	—	as long as short
Hyperliquid TAO	+0.0493%	1h	314.64	+0.132%	$94.6M	$106.7M	5x	as long as short
01 Exchange TAOUSD	+0.0496%	1h	314.60	+0.120%	$3K	$2K	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	314.62	+0.126%	$100K	$311K	5x	as long as short
dYdX TAO-USD	+0.0617%	1h	314.20	−0.008%	$265K	$230K	5x	as long as short
Phoenix TAO	+0.0650%	1h	314.30	+0.024%	$316K	$710K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0662%	1h	314.53	+0.097%	$300K	$1.1M	10x	as long as short
RISEx TAO/USDCshort	+0.0666%	1h	313.83	−0.126%	$435K	$669K	5x
Coinbase International TAO-PERP-INTX	+0.0688%	1h	314.80	+0.183%	$1.1M	$7.5M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	314.30	+0.024%	$361	—	20x	as long as short
Bulk TAO-USD	+0.0827%	1h	315.24	+0.322%	$167K	$0	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0937%	1h	314.52	+0.093%	$6.3M	$19.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	318.52	+1.367%	$23K	$2K	12x	as long as short