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

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0211%/8h= −23.2% APRpaid last 24h −0.036%
Price spread now: Aster against Nado−0.046%7-day average +0.071% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$320.319% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.063%+$6 on $10k
Price spread, last 7 days+0.237%+$24 · spread now −0.046%, 7d avg +0.071%
Together, before fees+0.300%+ Points / potential airdropNado: Active · Aster: Stage 5 · farm board+$30 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aster is 0.117% cheaper against Nado than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.071%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.063%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.063% in total (about 6.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado TAO-PERP311.880.0316pay 0.0040% / 1h8m 24s$787K$2.2M10x
ShortAster TAOUSDT311.740.0105get 0.0052% / 4h3h 08m$1.3M$10.5M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Nado. 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
−$44.41
Price spread: −0.046% → +0.071%
−$11.68
Slippage, 4 orders
−$16.86
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Aster: 4 bp × 2 orders
−$8
Net
−$87.95
Costs to cover
0.319%
Break-even
never at this rate
Slippage from Nado: live order book, 5 min ago; Aster: live order book, 5 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 Nado live order book, 5 min ago2.72 bp8.6 bp −$920.4 bp −$204doesn't fitdoesn't fit
Sell Aster live order book, 5 min ago0.48 bp7.8 bp −$816.7 bp −$167132.0 bp −$13.2Kdoesn'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
Kraken Futures PF_TAOUSD−0.0348%1h311.84−0.013%$5.5M$20.6M50xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h311.81−0.023%$20K150xas long as short
dYdX TAO-USD+0.0009%1h311.62−0.083%$124K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h311.70−0.057%$48K$661K20xas long as short
Katana Perps TAO-USD+0.0100%8h311.36−0.166%$2K$857K5xas long as short
Pacifica TAO+0.0100%1h311.71−0.055%$355K$416K10xas long as short
Binance TAOUSDT+0.0100%4h312.03+0.048%$89.1M$502.4M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h312.10+0.071%$26.0M$120.9M50xas long as short
Gate TAO_USDT+0.0100%4h311.60−0.089%$13.3M$50.5M50xas long as short
MEXC TAO_USDT+0.0100%4h312.02+0.046%$103.2M$145.7M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h311.69−0.060%$17.4M$31.4M75xas long as short
Bitget TAOUSDT+0.0100%4h311.71−0.054%$35.0M$56.6M50xas long as short
edgeX TAOUSDC+0.0100%4h312.53+0.209%$41K$313K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h312.48+0.193%$46K$254K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h311.64−0.076%$81K$905K5xas long as short
Bullet TAO-USD+0.0100%1h312.02+0.045%$12K$17K20xas long as short
SunX TAO-USDT+0.0100%4h311.42−0.147%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h311.44−0.140%$110K$542K20xas long as short
Phemex TAOUSDT+0.0100%4h311.66−0.070%$3.1M$8.0M50xas long as short
Aevo TAO-PERP+0.0104%1h312.04+0.052%$171K$9983xas long as short
Aster TAOUSDTshort+0.0105%4h311.74−0.046%$1.3M$10.5M50x
Orderly PERP_TAO_USDC+0.0113%4h312.05+0.055%$52K$290K10xas long as short
GRVT TAO_USDT_Perp+0.0114%4h312.81+0.298%$531K$956K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0135% / S +0.0137%1h311.74−0.044%$414K100xas long as short
Paradex TAO-USD-PERP+0.0165%8h311.69−0.061%$14K$1K10xas long as short
BingX TAO-USDT+0.0180%4h312.03+0.049%$33.8Mas long as short
Arcus TAO-USD+0.0231%1h311.95+0.023%$101K$394K5xas long as short
Bybit TAOUSDT+0.0271%4h312.18+0.097%$67.4M$150.8M50xas long as short
Extended TAO-USD+0.0304%1h311.88+0.001%$909K$2.4M25xas long as short
Nado TAO-PERPlong+0.0316%1h311.88long leg$787K$2.2M10x
Variational Omni TAO+0.0325%4h312.94+0.340%$5.5M$10.1Mas long as short
BloFin TAO-USDT+0.0340%4h311.89+0.004%$4.5M$10.8M100xas long as short
Phoenix TAO+0.0457%1h312.70+0.264%$311K$711K5xas long as short
Hyperliquid TAO+0.0465%1h311.95+0.023%$91.6M$107.9M5xas long as short
Bulk TAO-USD+0.0468%1h310.75−0.362%$165K$33310xas long as short
Backpack TAO_USDC_PERP+0.0479%1h312.03+0.049%$310K$885K10xas long as short
01 Exchange TAOUSD+0.0488%1h311.85−0.009%$3K$4K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0489%1h311.97+0.030%$12K$1.8M25xas long as short
Lighter TAO+0.0624%1h311.87−0.003%$1.5M$6.6M5xas long as short
Reya TAORUSDPERP+0.0697%1h311.93+0.017%$35920xas long as short
RISEx TAO/USDC+0.0816%1h311.70−0.055%$441K$647K5xas long as short
Coinbase International TAO-PERP-INTX+0.0952%1h312.08+0.065%$1.5M$6.7M50xas long as short
Injective TAO/USDC PERP+0.4092%1h316.67+1.537%$23K$2K12xas long as short