Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0417%/8h= +45.6% APRpaid last 24h +0.048%

Price spread now: 01 Exchange against Aster−0.073%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 01 Exchange

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

Funding pays, the price is against you. 01 Exchange is 0.073% cheaper against Aster than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 14 hours of funding at the current rate (+$12 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	314.57	0.0231	pay 0.0116% / 4h	2h 27m	$1.3M	$9.4M	50x
Short	01 Exchange TAOUSD	314.34	0.0648	get 0.0081% / 1h	27m 08s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.073%Rate

Funding earned: $87.5
Price spread: −0.073% → 0.000%: −$7.31
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $65.19
Costs to cover: 0.150%
Break-even: 1.8 days

Slippage unknown: Aster: live order book, 2 min ago; 01 Exchange: 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	0.16 bp	11.0 bp −$11	21.7 bp −$217	160.6 bp −$16.1K	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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	314.00	−0.181%	$126K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	314.22	−0.112%	$12K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.00	−0.181%	$39K	$626K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.51	−0.019%	$90.1M	$464.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.80	+0.073%	$25.8M	$112.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.30	−0.086%	$12.8M	$50.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.54	−0.010%	$108.9M	$138.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.65	+0.025%	$18.1M	$30.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.30	−0.086%	$35.1M	$53.3M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	312.67	−0.603%	$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	−0.480%	$47K	$256K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	314.54	−0.010%	$57K	$282K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.35	−0.070%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.34	−0.073%	$129K	$472K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.26	−0.099%	$3.4M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.86	+0.093%	$173K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0116%	4h	313.32	−0.399%	$516K	$966K	10x	as long as short
Katana Perps TAO-USD	+0.0121%	8h	314.17	−0.127%	$1K	$700K	5x	as long as short
Polymarket Perps TAO-USD	+0.0151%	1h	314.44	−0.041%	$82K	$679K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0168%	1h	314.46	−0.034%	$5.6M	$20.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0169% / S +0.0091%	1h	314.13	−0.140%	$439K	—	100x	as long as short
Bullet TAO-USD	+0.0224%	1h	314.52	−0.016%	$12K	$17K	20x	as long as short
Aster TAOUSDTlong	+0.0231%	4h	314.57	long leg	$1.3M	$9.4M	50x
Pacifica TAO	+0.0285%	1h	314.14	−0.137%	$369K	$381K	10x	as long as short
Paradex TAO-USD-PERP	+0.0325%	8h	314.42	−0.047%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0337%	1h	314.27	−0.095%	$99K	$529K	5x	as long as short
Injective TAO/USDC PERP	+0.0470%	1h	312.28	−0.728%	$23K	$2K	12x	as long as short
Nado TAO-PERP	+0.0515%	1h	314.38	−0.062%	$779K	$2.1M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0574%	1h	314.52	−0.016%	$24K	$1.5M	25x	as long as short
Phoenix TAO	+0.0588%	1h	312.30	−0.722%	$326K	$681K	5x	as long as short
01 Exchange TAOUSDshort	+0.0648%	1h	314.34	−0.073%	$3K	$4K	5x
Reya TAORUSDPERP	+0.0696%	1h	314.43	−0.046%	$362	—	20x	as long as short
BingX TAO-USDT	+0.0760%	4h	314.59	+0.006%	—	$31.0M	—	as long as short
Variational Omni TAO	+0.0774%	4h	311.95	−0.834%	$5.4M	$8.8M	—	as long as short
Bybit TAOUSDT	+0.0822%	4h	314.70	+0.041%	$65.9M	$137.5M	50x	as long as short
Extended TAO-USD	+0.0896%	1h	314.54	−0.011%	$898K	$2.3M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0897%	1h	314.73	+0.051%	$318K	$814K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	315.37	+0.254%	$1.5M	$6.5M	50x	as long as short
RISEx TAO/USDC	+0.1132%	1h	314.19	−0.121%	$449K	$630K	5x	as long as short
Hyperliquid TAO	+0.1229%	1h	315.00	+0.137%	$99.6M	$94.8M	5x	as long as short
Lighter TAO	+0.1424%	1h	314.92	+0.110%	$1.6M	$6.0M	5x	as long as short
Bulk TAO-USD	+0.4286%	1h	309.11	−1.737%	$164K	$40K	10x	as long as short