TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0074%/8h= +8.1% APRnext payment +$0.37 per $10,000 · paid last 24h +0.034%

Price spread now: Aster against GRVT−1.426%7-day average +0.008% · 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−$178as in the Price arb table

costs, in and out, $10k−$350.346% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.182%+$18 on $10k

Price spread, last 4 days (all we have)+0.661%+$66 · spread now −1.426%, 7d avg +0.008%

Together, before fees+0.843%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board+$84 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 1.434% cheaper against GRVT than usual: you would sell low and buy high (spread −1.426% now, against its 7-day average of +0.008%). If the spread goes back, that is −$143 on $10k: about 2 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT TAO_USDT_Perp	321.44	0.0224	pay 0.0112% / 4h	1h 15m	$533K	$965K	10x
Short	Aster TAOUSDT	316.85	0.0298	get 0.0149% / 4h	1h 15m	$1.1M	$9.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GRVT. 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 GRVTbpFee AsterbpOrdersPrice spread, now −1.426%Rate

Funding earned: $15.5
Price spread: −1.426% → +0.008%: −$143.41
Slippage, 4 orders: −$17.61
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$162.52
Costs to cover: 0.346%
Break-even: 80.4 days

Slippage from GRVT: live order book, 48 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy GRVT live order book, 48 min ago	2.21 bp	10.3 bp −$10	26.9 bp −$269	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	0.15 bp	6.7 bp −$7	12.7 bp −$127	113.0 bp −$11.3K	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	−0.5148%	1h	323.99	+0.794%	$172K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.74	−1.463%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.12	−1.344%	$21K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0081%	1h	316.79	−1.447%	$16K	$1.6M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.30	−1.599%	$39K	$682K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.11	−1.346%	$93.1M	$487.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.90	−1.412%	$26.1M	$119.5M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.70	−1.474%	$13.0M	$50.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.42	−1.561%	$100.8M	$143.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.56	−1.518%	$17.7M	$31.5M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	316.59	−1.509%	$35.4M	$55.5M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	323.66	+0.691%	$36K	$303K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.39	−1.571%	$87K	$794K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.80	−1.443%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.09	−1.353%	$128K	$482K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.82	−1.438%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0116%	8h	316.15	−1.645%	$2K	$776K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0124%	4h	316.86	−1.425%	$57K	$282K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0158% / S +0.0110%	1h	317.22	−1.314%	$430K	—	100x	as long as short
GRVT TAO_USDT_Perplong	+0.0224%	4h	321.44	long leg	$533K	$965K	10x
Bullet TAO-USD	+0.0234%	1h	317.46	−1.238%	$13K	$18K	20x	as long as short
Kraken Futures PF_TAOUSD	+0.0247%	1h	317.05	−1.365%	$5.6M	$20.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0271%	8h	317.23	−1.309%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0276%	4h	317.17	−1.328%	$3.4M	$7.9M	50x	as long as short
Aster TAOUSDTshort	+0.0298%	4h	316.85	−1.426%	$1.1M	$9.9M	50x
BloFin TAO-USDT	+0.0340%	4h	323.03	+0.495%	$3.8M	$11.5M	100x	as long as short
Pacifica TAO	+0.0448%	1h	317.07	−1.361%	$375K	$405K	10x	as long as short
BingX TAO-USDT	+0.0466%	4h	317.21	−1.316%	—	$30.4M	—	as long as short
Bybit TAOUSDT	+0.0481%	4h	316.92	−1.406%	$69.7M	$145.6M	50x	as long as short
Phoenix TAO	+0.0504%	1h	324.80	+1.046%	$340K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	317.01	−1.378%	$100K	$488K	5x	as long as short
ApeX Omni TAOUSDT	+0.0524%	1h	324.14	+0.840%	$48K	$253K	50x	as long as short
Nado TAO-PERP	+0.0639%	1h	316.69	−1.476%	$756K	$2.1M	10x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.32	−1.592%	$364	—	20x	as long as short
Extended TAO-USD	+0.0760%	1h	316.69	−1.476%	$928K	$2.4M	25x	as long as short
01 Exchange TAOUSD	+0.0760%	1h	316.35	−1.583%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0831%	4h	317.31	−1.284%	$5.9M	$9.8M	—	as long as short
Lighter TAO	+0.0840%	1h	317.22	−1.313%	$1.6M	$6.4M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0995%	1h	316.58	−1.512%	$318K	$920K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.42	−1.250%	$1.5M	$6.8M	50x	as long as short
Hyperliquid TAO	+0.1145%	1h	316.45	−1.552%	$96.8M	$103.9M	5x	as long as short
RISEx TAO/USDC	+0.1159%	1h	316.52	−1.529%	$455K	$651K	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	326.77	+1.658%	$24K	$2K	12x	as long as short