Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0102%/8h= −11.2% APRpaid last 24h −0.032%

Price spread now: Aevo against Aster+0.014%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$225as in the Price arb table

costs, in and out, $10k−$2262.260% of the position

Long on Aster Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.168%−$17 on $10k

Price spread, last 4 days (all we have)+0.036%+$4 · spread now +0.014%, 7d avg +0.001%

Together, before fees−0.132%+ Points / potential airdropAster: Stage 5 · farm board−$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	313.05	0.0206	pay 0.0103% / 4h	2h 27m	$1.3M	$10.6M	50x
Short	Aevo TAO-PERP	313.10	0.0104	get 0.0013% / 1h	27m 10s	$172K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Aster. 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 AsterbpFee AevobpOrdersPrice spread, now +0.014%Rate

Funding earned: −$21.48
Price spread: +0.014% → +0.001%: $1.31
Slippage, 4 orders: −$201.99
Fee Aster: 4 bp × 2 orders: −$8
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$246.16
Costs to cover: 2.260%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Aevo: live order book, 22 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 Aster live order book, 2 min ago	1.59 bp	7.9 bp −$8	18.7 bp −$187	156.0 bp −$15.6K	doesn't fit
Sell Aevo live order book, 22 min ago	72.17 bp	94.9 bp −$95	doesn't fit	doesn't fit	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 −0.0004%	1h	312.81	−0.075%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0037%	1h	313.13	+0.026%	$125K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.05	−0.001%	$89.9M	$508.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.30	+0.080%	$26.2M	$122.1M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	313.47	+0.135%	$167K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.80	−0.080%	$13.9M	$51.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.09	+0.013%	$107.4M	$145.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.08	+0.010%	$17.3M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.59	−0.147%	$35.2M	$57.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.21	+0.372%	$42K	$314K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Polymarket Perps TAO-USD	+0.0100%	1h	313.05	0.000%	$89K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.64	−0.131%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.04	−0.003%	$113K	$554K	20x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	313.20	+0.048%	$641	$923K	5x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	313.10	+0.014%	$172K	$998	3x
Orderly PERP_TAO_USDC	+0.0121%	4h	312.94	−0.035%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0129% / S +0.0140%	1h	312.72	−0.106%	$419K	—	100x	as long as short
Popdex TAOUSDT	+0.0136%	1h	313.28	+0.073%	$51K	$668K	20x	as long as short
Phemex TAOUSDT	+0.0180%	4h	312.91	−0.045%	$3.1M	$8.0M	50x	as long as short
Aster TAOUSDTlong	+0.0206%	4h	313.05	long leg	$1.3M	$10.6M	50x
Pacifica TAO	+0.0233%	1h	313.49	+0.141%	$357K	$419K	10x	as long as short
Paradex TAO-USD-PERP	+0.0268%	8h	313.45	+0.127%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0272%	1h	313.25	+0.063%	$771K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0304%	1h	312.99	−0.019%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0322%	1h	313.14	+0.030%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.29	+0.077%	$4.6M	$10.9M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0348%	4h	314.02	+0.309%	$533K	$923K	10x	as long as short
ApeX Omni TAOUSDT	+0.0400%	1h	314.32	+0.406%	$44K	$256K	50x	as long as short
BingX TAO-USDT	+0.0430%	4h	313.05	0.000%	—	$33.7M	—	as long as short
Bybit TAOUSDT	+0.0432%	4h	313.20	+0.048%	$68.0M	$152.4M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0447%	1h	312.93	−0.038%	$15K	$1.8M	25x	as long as short
Variational Omni TAO	+0.0449%	4h	314.04	+0.315%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0464%	1h	312.84	−0.066%	$896K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0483%	1h	313.66	+0.195%	$101K	$345K	5x	as long as short
Phoenix TAO	+0.0513%	1h	314.20	+0.367%	$313K	$713K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.10	+0.016%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0760%	1h	313.69	+0.204%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0800%	1h	313.28	+0.073%	$1.5M	$6.6M	5x	as long as short
Hyperliquid TAO	+0.0801%	1h	313.40	+0.112%	$91.6M	$109.0M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0819%	1h	313.62	+0.182%	$311K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	314.27	+0.390%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	313.32	+0.087%	$453K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	319.48	+2.054%	$23K	$2K	12x	as long as short