Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0235%/8h= +25.8% APRpaid last 24h +0.034%

Price spread now: Aster against OKX−0.011%7-day average +0.115% · 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−$47as in the Price arb table

costs, in and out, $10k−$340.344% of the position

Long on OKX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.185%+$18 on $10k

Price spread, last 7 days+0.230%+$23 · spread now −0.011%, 7d avg +0.115%

Together, before fees+0.415%+ Points / potential airdropAster: Stage 5 · farm board+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.125% cheaper against OKX than usual: you would sell low and buy high (spread −0.011% now, against its 7-day average of +0.115%). If the spread goes back, that is −$13 on $10k: about 43 hours of funding at the current rate (+$7 a day). At the pace of the last 6 days (+0.185% in total) that is about 3.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX TAO-USDT-SWAP	318.30	0.0100	pay 0.0100% / 8h	0m 43s	$26.5M	$131.8M	50x
Short	Aster TAOUSDT	318.27	0.0335	get 0.0168% / 4h	0m 43s	$1.3M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against OKX. 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 OKXbpFee AsterbpOrdersPrice spread, now −0.011%Rate

Funding earned: $49.41
Price spread: −0.011% → +0.115%: −$12.53
Slippage, 4 orders: −$16.42
Fee OKX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: $2.47
Costs to cover: 0.344%
Break-even: 6.7 days

Slippage from OKX: 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 OKX live order book, 3 min ago	1.58 bp	9.4 bp −$9	16.3 bp −$163	53.7 bp −$5,374	doesn't fit
Sell Aster live order book, 3 min ago	1.10 bp	8.3 bp −$8	14.8 bp −$148	126.4 bp −$12.6K	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	318.45	+0.048%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0066%	1h	318.15	−0.048%	$128K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.10	−0.063%	$49K	$717K	20x	as long as short
OKX TAO-USDT-SWAPlong	+0.0100%	8h	318.30	long leg	$26.5M	$131.8M	50x
Gate TAO_USDT	+0.0100%	4h	318.20	−0.031%	$14.8M	$52.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.63	+0.104%	$17.9M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.16	−0.044%	$35.8M	$57.8M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.05	−0.079%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.41	+0.035%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.76	−0.170%	$117K	$590K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX TAO/USD [WBTC.b-USDC]	L +0.0102% / S +0.0140%	1h	318.63	+0.103%	$405K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	317.88	−0.132%	$650	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.54	+0.074%	$175K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0137%	1h	317.45	−0.267%	$46K	$259K	50x	as long as short
MEXC TAO_USDT	+0.0176%	4h	318.27	−0.009%	$104.2M	$153.0M	300x	as long as short
Binance TAOUSDT	+0.0178%	4h	318.24	−0.019%	$93.1M	$533.1M	75x	as long as short
Orderly PERP_TAO_USDC	+0.0184%	4h	318.50	+0.063%	$52K	$295K	10x	as long as short
edgeX TAOUSDC	+0.0189%	4h	317.56	−0.232%	$42K	$321K	10x	as long as short
Bulk TAO-USD	+0.0217%	1h	317.92	−0.118%	$169K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0252%	8h	318.32	+0.005%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0280%	4h	318.42	+0.038%	—	$37.3M	—	as long as short
Bybit TAOUSDT	+0.0289%	4h	318.30	0.000%	$70.0M	$157.2M	50x	as long as short
Bullet TAO-USD	+0.0297%	1h	318.96	+0.207%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0302%	4h	317.66	−0.201%	$540K	$896K	10x	as long as short
Pacifica TAO	+0.0313%	1h	318.32	+0.005%	$374K	$465K	10x	as long as short
Aster TAOUSDTshort	+0.0335%	4h	318.27	−0.011%	$1.3M	$11.1M	50x
Extended TAO-USD	+0.0368%	1h	318.37	+0.022%	$906K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0418%	4h	318.84	+0.170%	$4.8M	$11.0M	100x	as long as short
Phemex TAOUSDT	+0.0428%	4h	318.71	+0.129%	$3.2M	$8.1M	50x	as long as short
Arcus TAO-USD	+0.0473%	1h	317.81	−0.154%	$100K	$383K	5x	as long as short
Nado TAO-PERP	+0.0482%	1h	318.23	−0.021%	$779K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0581%	4h	318.88	+0.183%	$5.6M	$10.1M	—	as long as short
Phoenix TAO	+0.0629%	1h	319.30	+0.314%	$321K	$703K	5x	as long as short
Lighter TAO	+0.0632%	1h	318.40	+0.031%	$1.6M	$6.9M	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	317.71	−0.185%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0673%	1h	318.56	+0.082%	$94.2M	$110.2M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.33	+0.011%	$366	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0726%	1h	318.92	+0.195%	$436K	$992K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0726%	1h	318.82	+0.164%	$15K	$1.9M	25x	as long as short
RISEx TAO/USDC	+0.0831%	1h	317.58	−0.226%	$448K	$668K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0831%	1h	318.78	+0.152%	$6.0M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.75	+0.141%	$1.2M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.44	+1.301%	$23K	$2K	12x	as long as short