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 BingX+0.370%7-day average +0.101% · 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−$6as in the Price arb table

costs, in and out, $10k−$330.327% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.159%+$16 on $10k

Price spread, last 7 days−0.209%−$21 · spread now +0.370%, 7d avg +0.101%

Together, before fees−0.051%+ Points / potential airdropAster: Stage 5 · farm board−$5 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 0.269% dearer against BingX than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of +0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	303.01	0.0100	pay 0.0050% / 4h	2h 56m	—	$30.5M	—
Short	Aster TAOUSDT	304.13	0.0100	get 0.0050% / 4h	2h 56m	$1.2M	$7.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now +0.370%Rate

Funding earned: $0
Price spread: +0.370% → +0.101%: $26.91
Slippage, 4 orders: −$14.65
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$5.75
Costs to cover: 0.327%
Break-even: never at this rate

Slippage from BingX: live order book, 12 min ago; Aster: live order book, 3 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 BingX live order book, 12 min ago	1.14 bp	6.1 bp −$6	11.6 bp −$116	29.2 bp −$2,920	86.3 bp −$43.2K
Sell Aster live order book, 3 min ago	2.29 bp	11.0 bp −$11	27.2 bp −$272	162.9 bp −$16.3K	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	−0.7481%	1h	306.26	+1.073%	$201K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	304.52	+0.499%	$128K	$92K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	302.77	−0.081%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.61	+0.198%	$38K	$521K	20x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0096%	1h	303.39	+0.124%	$16K	$1.3M	25x	as long as short
Aster TAOUSDTshort	+0.0100%	4h	304.13	+0.370%	$1.2M	$7.4M	50x
Pacifica TAO	+0.0100%	1h	304.63	+0.534%	$356K	$405K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	303.30	+0.095%	$85.0M	$399.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	303.30	+0.096%	$58.0M	$117.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	303.30	+0.096%	$24.9M	$90.3M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TAO-USD	+0.0100%	1h	304.41	+0.462%	$137K	$591K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	303.20	+0.063%	$11.9M	$47.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	303.53	+0.172%	$109.1M	$120.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	303.45	+0.145%	$18.1M	$26.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	303.16	+0.050%	$34.0M	$43.7M	50x	as long as short
BingX TAO-USDTlong	+0.0100%	4h	303.01	long leg	—	$30.5M	—
Variational Omni TAO	+0.0100%	4h	308.35	+1.762%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.98	+1.309%	$40K	$275K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	306.09	+1.015%	$535K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	306.65	+1.201%	$47K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	303.76	+0.248%	$82K	$658K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.30	+0.096%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.39	+0.125%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.16	+0.050%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	302.72	−0.096%	$120K	$350K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.18	+0.056%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.35	+0.113%	$167K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	303.58	+0.188%	$2K	$414K	5x	as long as short
Paradex TAO-USD-PERP	+0.0156%	8h	304.37	+0.450%	$14K	$992	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	304.94	+0.637%	$4.3M	$9.3M	100x	as long as short
Nado TAO-PERP	+0.0350%	1h	303.53	+0.171%	$848K	$1.7M	10x	as long as short
Phoenix TAO	+0.0365%	1h	309.30	+2.076%	$328K	$322K	5x	as long as short
01 Exchange TAOUSD	+0.0368%	1h	303.98	+0.320%	$3K	$4K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0463% / S −0.0175%	1h	303.04	+0.011%	$432K	—	100x	as long as short
Hyperliquid TAO	+0.0538%	1h	303.71	+0.231%	$88.8M	$71.9M	5x	as long as short
Extended TAO-USD	+0.0544%	1h	303.48	+0.155%	$868K	$1.9M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0561%	1h	304.77	+0.581%	$435K	$674K	10x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	303.51	+0.166%	$349	—	20x	as long as short
Lighter TAO	+0.0800%	1h	303.69	+0.225%	$1.6M	$4.7M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	304.88	+0.617%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1039%	1h	303.51	+0.165%	$6.2M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	303.94	+0.307%	$400K	$530K	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	311.91	+2.937%	$23K	$135	12x	as long as short