Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0299%/8h= −32.7% APRpaid last 24h −0.034%

Price spread now: Aster against 01 Exchange−0.016%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	304.70	0.0408	pay 0.0051% / 1h	47m 52s	$3K	$4K	5x
Short	Aster TAOUSDT	304.65	0.0109	get 0.0055% / 4h	2h 47m	$1.1M	$7.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against 01 Exchange. 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 01 ExchangebpFee AsterbpOrdersPrice spread, now −0.016%Rate

Funding earned: −$62.79
Price spread: −0.016% → 0.000%: −$1.64
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$79.43
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Aster: live order book, 6 min ago. Net counts fees only.

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 01 Exchange no order-book sample	—	—	—	—	—
Sell Aster live order book, 6 min ago	2.80 bp	10.1 bp −$10	24.6 bp −$246	224.9 bp −$22.5K	doesn't fit

01 Exchange: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.0973%	1h	304.87	+0.056%	$200K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	304.90	+0.067%	$128K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	304.29	−0.135%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	304.23	−0.154%	$38K	$522K	20x	as long as short
Pacifica TAO	+0.0100%	1h	304.95	+0.082%	$361K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	304.67	−0.011%	$85.3M	$400.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	304.76	+0.020%	$58.5M	$117.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	304.70	0.000%	$24.8M	$91.1M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.65	−0.016%	$135K	$591K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	304.50	−0.066%	$12.0M	$47.4M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	304.66	−0.013%	$111.6M	$121.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	304.55	−0.049%	$18.2M	$26.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	304.53	−0.056%	$34.1M	$44.2M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	304.62	−0.026%	—	$30.5M	—	as long as short
Variational Omni TAO	+0.0100%	4h	303.48	−0.402%	$3.6M	$6.7M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	303.44	−0.414%	$39K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	304.10	−0.196%	$543K	$977K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.27	−0.469%	$46K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	304.43	−0.089%	$82K	$665K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	304.50	−0.066%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	304.53	−0.056%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	304.39	−0.102%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	304.09	−0.200%	$120K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	304.60	−0.033%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	304.90	+0.064%	$167K	$998	3x	as long as short
Aster TAOUSDTshort	+0.0109%	4h	304.65	−0.016%	$1.1M	$7.4M	50x
Katana Perps TAO-USD	+0.0114%	8h	304.32	−0.125%	$1K	$416K	5x	as long as short
Nado TAO-PERP	+0.0155%	1h	304.30	−0.133%	$743K	$1.8M	10x	as long as short
Paradex TAO-USD-PERP	+0.0164%	8h	304.73	+0.010%	$14K	$992	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0223%	1h	304.70	0.000%	$16K	$1.3M	25x	as long as short
Phoenix TAO	+0.0234%	1h	305.20	+0.164%	$323K	$462K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	304.83	+0.043%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSDlong	+0.0408%	1h	304.70	long leg	$3K	$4K	5x
GMX TAO/USD [WBTC.b-USDC]	L +0.0464% / S −0.0175%	1h	304.29	−0.136%	$433K	—	100x	as long as short
Lighter TAO	+0.0568%	1h	305.06	+0.117%	$1.6M	$4.8M	5x	as long as short
Extended TAO-USD	+0.0608%	1h	304.55	−0.049%	$872K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	304.29	−0.135%	$350	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	305.80	+0.361%	$1.5M	$5.4M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1034%	1h	305.01	+0.102%	$6.2M	$19.5M	50x	as long as short
Backpack TAO_USDC_PERP	+0.1050%	1h	304.97	+0.089%	$467K	$683K	10x	as long as short
RISEx TAO/USDC	+0.1053%	1h	304.49	−0.070%	$403K	$531K	5x	as long as short
Hyperliquid TAO	+0.1345%	1h	305.31	+0.200%	$91.5M	$74.3M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	307.78	+1.011%	$22K	$136	12x	as long as short