Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0061%/8h= +6.7% APRpaid last 24h +0.043%

Price spread now: Aster against Bullet−0.015%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bullet Short on Aster

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bullet TAO-USD	312.62	0.0100	pay 0.0013% / 1h	5m 04s	$12K	$17K	20x
Short	Aster TAOUSDT	312.58	0.0161	get 0.0080% / 4h	5m 04s	$1.1M	$7.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bullet. 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 BulletbpFee AsterbpOrdersPrice spread, now −0.015%Rate

Funding earned: $12.78
Price spread: −0.015% → 0.000%: −$1.53
Slippage, 4 orders: no order book: not counted
Fee Bullet: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$4.75
Costs to cover: 0.160%
Break-even: 9.6 days

Slippage unknown: Bullet: no order-book sample; Aster: live order book, 4 min ago. 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 Bullet no order-book sample	—	—	—	—	—
Sell Aster live order book, 4 min ago	1.92 bp	8.0 bp −$8	27.1 bp −$271	282.4 bp −$28.2K	doesn't fit

Bullet: 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 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	−0.2086%	1h	311.96	−0.212%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	311.75	−0.280%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	312.36	−0.084%	$27K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	312.08	−0.174%	$23K	$362	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.36	−0.084%	$37K	$566K	20x	as long as short
Pacifica TAO	+0.0100%	1h	312.16	−0.147%	$369K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.64	+0.004%	$88.7M	$429.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.78	+0.050%	$61.6M	$125.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.70	+0.024%	$25.1M	$101.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.40	−0.071%	$12.5M	$50.5M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	312.60	−0.008%	$110.8M	$131.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.68	+0.018%	$18.8M	$27.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.53	−0.030%	$34.9M	$47.1M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	312.64	+0.005%	—	$30.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.07	+0.142%	$41K	$281K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.31	+0.221%	$524K	$952K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.86	+0.076%	$47K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.64	+0.005%	$76K	$450K	5x	as long as short
Bullet TAO-USDlong	+0.0100%	1h	312.62	long leg	$12K	$17K	20x
Orderly PERP_TAO_USDC	+0.0100%	4h	312.39	−0.075%	$60K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.87	−0.241%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.27	−0.113%	$127K	$417K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.47	−0.049%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	312.73	+0.034%	$172K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	312.24	−0.123%	$1K	$566K	5x	as long as short
Aster TAOUSDTshort	+0.0161%	4h	312.58	−0.015%	$1.1M	$7.9M	50x
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	312.36	−0.084%	$445K	—	100x	as long as short
Arcus TAO-USD	+0.0186%	1h	312.51	−0.036%	$83K	$545K	5x	as long as short
Paradex TAO-USD-PERP	+0.0192%	8h	311.99	−0.204%	$14K	$1K	10x	as long as short
Variational Omni TAO	+0.0220%	4h	312.31	−0.099%	$3.9M	$7.1M	—	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.71	+0.028%	$4.3M	$10.5M	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0405%	1h	312.61	−0.003%	$20K	$1.5M	25x	as long as short
Nado TAO-PERP	+0.0442%	1h	312.44	−0.058%	$821K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0449%	1h	312.62	−0.002%	$5.7M	$19.8M	50x	as long as short
Backpack TAO_USDC_PERP	+0.0526%	1h	312.81	+0.060%	$292K	$803K	10x	as long as short
Phoenix TAO	+0.0537%	1h	312.50	−0.039%	$327K	$521K	5x	as long as short
01 Exchange TAOUSD	+0.0592%	1h	312.63	+0.002%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	312.46	−0.053%	$359	—	20x	as long as short
Extended TAO-USD	+0.0856%	1h	312.68	+0.017%	$859K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	313.96	+0.428%	$1.5M	$5.8M	50x	as long as short
Lighter TAO	+0.1192%	1h	313.05	+0.137%	$1.6M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	312.40	−0.070%	$413K	$585K	5x	as long as short
Hyperliquid TAO	+0.1585%	1h	313.09	+0.149%	$98.2M	$84.6M	5x	as long as short