Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0165%/8h= +18.1% APRpaid last 24h −0.068%

Price spread now: Aster against Kraken Futures−0.013%7-day average −0.014% · 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−$50as in the Price arb table

costs, in and out, $10k−$500.497% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.125%−$13 on $10k

Price spread, last 4 days (all we have)−0.055%−$6 · spread now −0.013%, 7d avg −0.014%

Together, before fees−0.180%+ Points / potential airdropAster: Stage 5 · farm board−$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: +$5 a day on $10k at the current rate. Mind the row above: over the last 5 days funding on this pair cost −0.125%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_TAOUSD	316.03	0.0056	pay 0.0007% / 1h	45m 48s	$5.6M	$20.6M	50x
Short	Aster TAOUSDT	315.99	0.0221	get 0.0111% / 4h	45m 48s	$1.2M	$10.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Kraken Futures. 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 Kraken FuturesbpFee AsterbpOrdersPrice spread, now −0.013%Rate

Funding earned: $34.7
Price spread: −0.013% → −0.014%: $0.13
Slippage, 4 orders: −$31.67
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$14.85
Costs to cover: 0.497%
Break-even: 10.0 days

Slippage from Kraken Futures: 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 Kraken Futures live order book, 3 min ago	8.26 bp	14.7 bp −$15	30.9 bp −$309	101.1 bp −$10.1K	doesn't fit
Sell Aster live order book, 3 min ago	0.16 bp	6.3 bp −$6	17.6 bp −$176	133.8 bp −$13.4K	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
Bulk TAO-USD	−0.0499%	1h	315.15	−0.280%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.31	−0.228%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.50	−0.169%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSDlong	+0.0056%	1h	316.03	long leg	$5.6M	$20.6M	50x
Popdex TAOUSDT	+0.0096%	1h	315.54	−0.156%	$42K	$685K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.13	+0.030%	$91.1M	$489.7M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.00	−0.011%	$26.0M	$119.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.90	−0.042%	$12.9M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.33	+0.094%	$105.7M	$142.3M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.13	+0.030%	$17.6M	$31.6M	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	315.74	−0.093%	$35.3M	$55.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.23	−0.570%	$35K	$303K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.21	−0.577%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.49	−0.172%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.71	−0.103%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.84	−0.061%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.53	−0.160%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.97	−0.020%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.76	−0.088%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0104%	8h	315.31	−0.229%	$645	$785K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0106%	4h	314.83	−0.380%	$524K	$944K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0124%	4h	315.88	−0.049%	$57K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0152% / S +0.0116%	1h	315.44	−0.188%	$428K	—	100x	as long as short
Bybit TAOUSDT	+0.0154%	4h	316.02	−0.004%	$68.8M	$146.4M	50x	as long as short
BingX TAO-USDT	+0.0184%	4h	316.02	−0.004%	—	$30.1M	—	as long as short
Paradex TAO-USD-PERP	+0.0195%	8h	315.58	−0.144%	$14K	$1K	10x	as long as short
01 Exchange TAOUSD	+0.0200%	1h	315.50	−0.169%	$3K	$4K	5x	as long as short
Nado TAO-PERP	+0.0210%	1h	315.61	−0.133%	$807K	$2.2M	10x	as long as short
Aster TAOUSDTshort	+0.0221%	4h	315.99	−0.013%	$1.2M	$10.1M	50x
Hyperliquid TAO	+0.0247%	1h	316.21	+0.056%	$94.2M	$105.0M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0301%	1h	316.41	+0.119%	$317K	$910K	10x	as long as short
Extended TAO-USD	+0.0328%	1h	316.27	+0.076%	$922K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.93	−0.033%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.84	−0.061%	$100K	$488K	5x	as long as short
Lighter TAO	+0.0360%	1h	316.31	+0.087%	$1.5M	$6.5M	5x	as long as short
Pacifica TAO	+0.0365%	1h	315.53	−0.160%	$362K	$409K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0553%	1h	316.17	+0.044%	$11K	$1.6M	25x	as long as short
Phoenix TAO	+0.0581%	1h	314.50	−0.485%	$313K	$697K	5x	as long as short
Variational Omni TAO	+0.0641%	4h	315.94	−0.031%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.57	−0.146%	$363	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.60	−0.138%	$436K	$658K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.48	+0.141%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.61	+1.131%	$23K	$2K	12x	as long as short