Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.043%

Price spread now: Aster against Binance+0.013%7-day average +0.094% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$330.334% of the position

Long on Binance Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.188%+$19 on $10k

Price spread, last 7 days+0.153%+$15 · spread now +0.013%, 7d avg +0.094%

Together, before fees+0.342%+ Points / potential airdropAster: Stage 5 · farm board+$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.080% cheaper against Binance than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.094%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	304.80	0.0100	pay 0.0050% / 4h	2h 50m	$85.1M	$400.6M	75x
Short	Aster TAOUSDT	304.84	0.0100	get 0.0050% / 4h	2h 50m	$1.1M	$7.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Binance. 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 BinancebpFee AsterbpOrdersPrice spread, now +0.013%Rate

Funding earned: $0
Price spread: +0.013% → +0.094%: −$8.05
Slippage, 4 orders: −$15.42
Fee Binance: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$41.47
Costs to cover: 0.334%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; Aster: 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 Binance live order book, 9 min ago	0.16 bp	6.6 bp −$7	13.8 bp −$138	36.2 bp −$3,624	doesn't fit
Sell Aster live order book, 4 min ago	2.80 bp	10.1 bp −$10	24.6 bp −$246	224.9 bp −$22.5K	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
Bulk TAO-USD	−0.0973%	1h	304.87	+0.023%	$200K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	303.84	−0.315%	$128K	$89K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	304.09	−0.232%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	304.08	−0.236%	$39K	$521K	20x	as long as short
Aster TAOUSDTshort	+0.0100%	4h	304.84	+0.013%	$1.1M	$7.4M	50x
Pacifica TAO	+0.0100%	1h	304.12	−0.222%	$355K	$405K	10x	as long as short
Binance TAOUSDTlong	+0.0100%	4h	304.80	long leg	$85.1M	$400.6M	75x
Bybit TAOUSDT	+0.0100%	4h	305.01	+0.069%	$58.2M	$117.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	304.80	0.000%	$24.8M	$91.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.27	−0.174%	$135K	$591K	5x	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	304.70	−0.033%	$12.0M	$47.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	304.80	0.000%	$111.3M	$121.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	304.66	−0.046%	$18.1M	$26.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	304.66	−0.046%	$34.1M	$44.2M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	304.82	+0.007%	—	$30.5M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.48	−0.434%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.44	−0.447%	$39K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.31	−0.489%	$531K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.63	−0.384%	$47K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	304.34	−0.151%	$82K	$668K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	304.27	−0.172%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	304.25	−0.180%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	304.13	−0.220%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	304.56	−0.079%	$120K	$351K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	304.73	−0.023%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	304.30	−0.164%	$167K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	303.95	−0.279%	$1K	$416K	5x	as long as short
Nado TAO-PERP	+0.0153%	1h	303.96	−0.275%	$742K	$1.8M	10x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	304.08	−0.236%	$14K	$992	10x	as long as short
Phoenix TAO	+0.0234%	1h	303.50	−0.427%	$321K	$462K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0311%	1h	304.94	+0.044%	$16K	$1.3M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.67	−0.371%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0360%	1h	304.22	−0.190%	$3K	$4K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0465% / S −0.0175%	1h	304.05	−0.246%	$433K	—	100x	as long as short
Lighter TAO	+0.0544%	1h	305.10	+0.097%	$1.6M	$4.7M	5x	as long as short
Extended TAO-USD	+0.0600%	1h	304.79	−0.002%	$867K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	304.17	−0.205%	$350	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	304.34	−0.151%	$1.5M	$5.3M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0989%	1h	305.28	+0.157%	$467K	$689K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.1034%	1h	305.00	+0.065%	$6.2M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	304.19	−0.201%	$400K	$530K	5x	as long as short
Hyperliquid TAO	+0.1197%	1h	305.45	+0.213%	$91.5M	$74.1M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	311.91	+2.333%	$23K	$135	12x	as long as short