TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0037%/8h= +4.0% APRnext payment +$0.18 per $10,000 · paid last 24h +0.043%

Price spread now: Aster against Bybit−0.101%7-day average +0.084% · 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−$59as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on Bybit 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+0.270%+$27 · spread now −0.101%, 7d avg +0.084%

Together, before fees+0.428%+ Points / potential airdropAster: Stage 5 · farm board+$43 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.185% cheaper against Bybit than usual: you would sell low and buy high (spread −0.101% now, against its 7-day average of +0.084%). If the spread goes back, that is −$18 on $10k: about 17 days of funding at the current rate (+$1 a day). At the pace of the last 5 days (+0.159% in total) that is about 6.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	306.23	0.0100	pay 0.0050% / 4h	2h 36m	$59.0M	$117.4M	50x
Short	Aster TAOUSDT	305.92	0.0137	get 0.0068% / 4h	2h 36m	$1.1M	$7.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.101%Rate

Funding earned: $7.71
Price spread: −0.101% → +0.084%: −$18.5
Slippage, 4 orders: −$21.32
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$51.1
Costs to cover: 0.403%
Break-even: 53.4 days

Slippage from Bybit: live order book, 3 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 Bybit live order book, 3 min ago	0.16 bp	9.4 bp −$9	19.4 bp −$194	46.9 bp −$4,686	doesn't fit
Sell Aster live order book, 3 min ago	1.63 bp	9.8 bp −$10	22.0 bp −$220	214.4 bp −$21.4K	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
dYdX TAO-USD	0.0000%	1h	305.49	−0.241%	$128K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	305.67	−0.182%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	305.57	−0.216%	$41K	$526K	20x	as long as short
Pacifica TAO	+0.0100%	1h	305.60	−0.206%	$361K	$400K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.13	−0.033%	$85.9M	$401.6M	75x	as long as short
Bybit TAOUSDTlong	+0.0100%	4h	306.23	long leg	$59.0M	$117.4M	50x
OKX TAO-USDT-SWAP	+0.0100%	8h	306.00	−0.075%	$25.0M	$92.2M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	305.84	−0.127%	$137K	$593K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	305.70	−0.173%	$12.1M	$47.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	305.97	−0.085%	$112.8M	$122.5M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	305.79	−0.144%	$18.4M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	305.73	−0.163%	$34.3M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.97	−0.085%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	306.23	+0.001%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	305.09	−0.374%	$39K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.96	−0.089%	$536K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.81	−0.137%	$46K	$267K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.91	−0.104%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.75	−0.157%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	305.42	−0.265%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	306.21	−0.007%	$120K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.79	−0.144%	$3.2M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.75	−0.156%	$168K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	305.57	−0.216%	$875	$426K	5x	as long as short
Polymarket Perps TAO-USD	+0.0114%	1h	305.84	−0.127%	$85K	$669K	5x	as long as short
Aster TAOUSDTshort	+0.0137%	4h	305.92	−0.101%	$1.1M	$7.5M	50x
Paradex TAO-USD-PERP	+0.0166%	8h	305.51	−0.234%	$14K	$992	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	305.69	−0.176%	$436K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	306.20	−0.010%	$324K	$462K	5x	as long as short
Nado TAO-PERP	+0.0258%	1h	305.53	−0.229%	$847K	$1.9M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0260%	1h	305.91	−0.104%	$13K	$1.3M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	306.41	+0.059%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0504%	1h	305.99	−0.078%	$3K	$4K	5x	as long as short
Bulk TAO-USD	+0.0668%	1h	304.81	−0.464%	$200K	$57K	10x	as long as short
Extended TAO-USD	+0.0680%	1h	305.86	−0.120%	$872K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	305.69	−0.176%	$352	—	20x	as long as short
Lighter TAO	+0.0840%	1h	306.32	+0.029%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	306.23	0.000%	$1.5M	$5.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1030%	1h	306.05	−0.060%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	305.75	−0.158%	$411K	$536K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1268%	1h	306.34	+0.036%	$469K	$683K	10x	as long as short
Hyperliquid TAO	+0.1646%	1h	306.63	+0.131%	$93.2M	$75.5M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.62	+0.780%	$22K	$138	12x	as long as short