Settings8H · net · $10k
Funding arb · Price arb /

TAO

all TAO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0239%/8h= +26.2% APRpaid last 24h −0.038%
Price spread now: Aster against GMX−0.056%7-day average +0.048% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.221%−$22 on $10k
Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.056%, 7d avg +0.048%
Together, before fees−0.208%+ Points / potential airdropAster: Stage 5 · farm board−$21 on $10k · with fees, hour by hour
Funding pays, the price is against you. Aster is 0.104% cheaper against GMX than usual: you would sell low and buy high (spread −0.056% now, against its 7-day average of +0.048%). If the spread goes back, that is −$10 on $10k: about 35 hours of funding at the current rate (+$7 a day). Mind the row above: over the last 3 days funding on this pair cost −0.221%, so the current rate has only just turned in your favour.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX TAO/USD [WBTC.b-USDC]318.63L +0.0102% / S +0.0140%pay 0.0013% / 1h0m 54s$405K100x
ShortAster TAOUSDT318.450.0341get 0.0171% / 4h0m 54s$1.3M$11.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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
$50.2
Price spread: −0.056% → +0.048%
−$10.42
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Aster: 4 bp × 2 orders
−$8
Net
$19.78
Costs to cover
0.200%
Break-even
4.2 days
Slippage unknown: GMX: no order-book sample; Aster: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell Aster live order book, 3 min ago1.10 bp8.3 bp −$814.8 bp −$148126.4 bp −$12.6Kdoesn't fit
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h318.45−0.055%$22K150xas long as short
dYdX TAO-USD+0.0067%1h317.15−0.464%$127K$86K5xas long as short
Popdex TAOUSDT+0.0096%1h318.10−0.166%$49K$717K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h318.40−0.071%$26.5M$131.9M50xas long as short
Gate TAO_USDT+0.0100%4h318.20−0.134%$14.8M$52.7M50xas long as short
KuCoin TAOUSDTM+0.0100%4h318.63+0.001%$17.9M$32.4M75xas long as short
Bitget TAOUSDT+0.0100%4h318.34−0.090%$35.9M$57.8M50xas long as short
Polymarket Perps TAO-USD+0.0100%1h318.05−0.181%$87K$1.2M5xas long as short
SunX TAO-USDT+0.0100%4h318.41−0.068%$2K$2.0M20xas long as short
HTX TAO-USDT+0.0100%4h317.76−0.272%$117K$590K20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GMX TAO/USD [WBTC.b-USDC]longL +0.0102% / S +0.0140%1h318.63long leg$405K100x
Katana Perps TAO-USD+0.0106%8h317.88−0.235%$650$1.2M5xas long as short
Aevo TAO-PERP+0.0128%1h318.54−0.029%$175K$9983xas long as short
ApeX Omni TAOUSDT+0.0137%1h317.45−0.370%$46K$259K50xas long as short
Binance TAOUSDT+0.0178%4h318.52−0.034%$93.2M$533.2M75xas long as short
Orderly PERP_TAO_USDC+0.0184%4h318.50−0.040%$52K$295K10xas long as short
MEXC TAO_USDT+0.0184%4h318.46−0.053%$104.2M$153.0M300xas long as short
edgeX TAOUSDC+0.0189%4h317.56−0.334%$42K$321K10xas long as short
Bulk TAO-USD+0.0217%1h317.92−0.221%$169K$010xas long as short
Paradex TAO-USD-PERP+0.0254%8h317.51−0.350%$14K$1K10xas long as short
BingX TAO-USDT+0.0280%4h318.42−0.065%$37.3Mas long as short
Bybit TAOUSDT+0.0287%4h318.52−0.034%$70.1M$157.2M50xas long as short
Bullet TAO-USD+0.0297%1h318.96+0.104%$12K$17K20xas long as short
GRVT TAO_USDT_Perp+0.0302%4h317.66−0.304%$540K$896K10xas long as short
Pacifica TAO+0.0313%1h317.50−0.353%$373K$465K10xas long as short
Aster TAOUSDTshort+0.0341%4h318.45−0.056%$1.3M$11.1M50x
Extended TAO-USD+0.0368%1h318.37−0.080%$906K$2.4M25xas long as short
BloFin TAO-USDT+0.0418%4h318.84+0.067%$4.8M$11.0M100xas long as short
Phemex TAOUSDT+0.0428%4h318.71+0.026%$3.2M$8.1M50xas long as short
Arcus TAO-USD+0.0473%1h317.81−0.257%$100K$383K5xas long as short
Nado TAO-PERP+0.0482%1h318.23−0.124%$779K$2.0M10xas long as short
Variational Omni TAO+0.0574%4h318.65+0.008%$5.6M$10.1Mas long as short
Phoenix TAO+0.0629%1h319.30+0.211%$321K$703K5xas long as short
Lighter TAO+0.0632%1h318.91+0.089%$1.6M$6.9M5xas long as short
01 Exchange TAOUSD+0.0672%1h317.71−0.288%$3K$4K5xas long as short
Hyperliquid TAO+0.0675%1h318.77+0.045%$94.3M$110.2M5xas long as short
Reya TAORUSDPERP+0.0698%1h318.33−0.092%$36620xas long as short
Backpack TAO_USDC_PERP+0.0726%1h318.92+0.092%$436K$992K10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0726%1h318.82+0.061%$15K$1.9M25xas long as short
RISEx TAO/USDC+0.0831%1h317.58−0.328%$448K$668K5xas long as short
Kraken Futures PF_TAOUSD+0.0831%1h318.78+0.049%$6.0M$21.7M50xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h318.75+0.038%$1.2M$7.2M50xas long as short
Injective TAO/USDC PERP+0.4513%1h322.44+1.197%$23K$2K12xas long as short