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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 22:00 UTC−0.0066%/8h= −7.2% APRpaid last 24h +0.053%
Price spread now: Aster against Deribit+0.159%7-day average +0.022% · 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−$20as in the Price arb table
costs, in and out, $10k−$330.333% of the position
Long on DeribitShort on Aster
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)+0.247%+$25 on $10k
Price spread, last 3 days (all we have)−0.197%−$20 · spread now +0.159%, 7d avg +0.022%
Together, before fees+0.050%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aster is 0.137% dearer against Deribit than usual: you sell high and buy low (spread +0.159% now, against its 7-day average of +0.022%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.9 days. Mind the row above: over the last 5 days funding on this pair paid +0.247%, so the current rate has only just turned against you.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongDeribit TAO_USDC-PERPETUAL306.490.0206pay 0.0026% / 1h34m 46s$14K$1.3M25x
ShortAster TAOUSDT306.980.0140get 0.0070% / 4h2h 34m$1.1M$7.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Deribit. 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

Funding earned
−$13.85
Price spread: +0.159% → +0.022%
$13.7
Slippage, 4 orders
−$18.35
Fee Deribit: 3.5 bp × 2 orders
−$7
Fee Aster: 4 bp × 2 orders
−$8
Net
−$33.5
Costs to cover
0.333%
Break-even
never at this rate
Slippage from Deribit: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Deribit live order book, 4 min ago3.93 bp7.4 bp −$715.1 bp −$151doesn't fitdoesn't fit
Sell Aster live order book, 4 min ago1.63 bp9.8 bp −$1022.0 bp −$220214.4 bp −$21.4Kdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h306.36−0.044%$129K$84K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h306.17−0.107%$19K—150xas long as short
Popdex TAOUSDT+0.0096%1h306.52+0.009%$41K$524K20xas long as short
Pacifica TAO+0.0100%1h306.50+0.002%$362K$400K10xas long as short
Binance TAOUSDT+0.0100%4h307.27+0.254%$86.2M$401.5M75xas long as short
Bybit TAOUSDT+0.0100%4h307.39+0.293%$59.2M$117.4M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h307.30+0.263%$25.0M$92.6M50xas long as short
Arcus TAO-USD+0.0100%1h306.77+0.090%$137K$593K5xas long as short
Gate TAO_USDT+0.0100%4h307.10+0.198%$12.1M$47.7M50xas long as short
MEXC TAO_USDT+0.0100%4h307.10+0.198%$113.1M$122.6M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h307.24+0.244%$18.5M$26.4M75xas long as short
Bitget TAOUSDT+0.0100%4h307.34+0.276%$34.4M$44.4M50xas long as short
BingX TAO-USDT+0.0100%4h307.30+0.263%—$30.4M—as long as short
Variational Omni TAO+0.0100%4h305.77−0.236%$3.6M$6.7M—as long as short
edgeX TAOUSDC+0.0100%4h305.09−0.459%$39K$276K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h305.96−0.175%$536K$967K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h305.64−0.278%$46K$268K50xas long as short
Bullet TAO-USD+0.0100%1h306.28−0.069%$12K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h306.37−0.040%$59K$276K10xas long as short
SunX TAO-USDT+0.0100%4h306.34−0.050%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h306.04−0.148%$120K$351K20xas long as short
Phemex TAOUSDT+0.0100%4h306.57+0.025%$3.2M$7.9M50xas long as short
Aevo TAO-PERP+0.0104%1h306.42−0.025%$168K$9983xas long as short
Katana Perps TAO-USD+0.0113%8h306.54+0.015%$876$428K5xas long as short
Polymarket Perps TAO-USD+0.0123%1h306.64+0.048%$85K$668K5xas long as short
Aster TAOUSDTshort+0.0140%4h306.98+0.159%$1.1M$7.5M50x
Paradex TAO-USD-PERP+0.0166%8h306.55+0.018%$14K$99210xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0069%1h306.17−0.105%$437K—100xas long as short
Deribit TAO_USDC-PERPETUALlong+0.0206%1h306.49long leg$14K$1.3M25x
Phoenix TAO+0.0234%1h306.20−0.096%$324K$462K5xas long as short
Nado TAO-PERP+0.0253%1h306.46−0.009%$849K$1.9M10xas long as short
BloFin TAO-USDT+0.0340%4h306.55+0.019%$4.3M$9.4M100xas long as short
01 Exchange TAOUSD+0.0512%1h306.95+0.149%$3K$4K5xas long as short
Bulk TAO-USD+0.0668%1h304.81−0.549%$200K$57K10xas long as short
Extended TAO-USD+0.0688%1h307.14+0.211%$877K$1.9M25xas long as short
Reya TAORUSDPERP+0.0694%1h306.34−0.050%$352—20xas long as short
Lighter TAO+0.0872%1h306.89+0.128%$1.6M$4.8M5xas long as short
Coinbase International TAO-PERP-INTX+0.0960%1h307.40+0.296%$1.5M$5.4M50xas long as short
Kraken Futures PF_TAOUSD+0.1028%1h306.75+0.085%$6.3M$19.5M50xas long as short
RISEx TAO/USDC+0.1053%1h306.68+0.061%$411K$537K5xas long as short
Backpack TAO_USDC_PERP+0.1280%1h307.27+0.254%$470K$683K10xas long as short
Hyperliquid TAO+0.1671%1h307.95+0.475%$93.8M$75.6M5xas long as short
Injective TAO/USDC PERP+0.4876%1h308.62+0.694%$22K$13812xas long as short