Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0278%/8h= +30.4% APRpaid last 24h −0.019%

Price spread now: Arcus against Aster+0.140%7-day average +0.038% · 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−$30as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Aster Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.117%−$12 on $10k

Price spread, last 4 days (all we have)−0.089%−$9 · spread now +0.140%, 7d avg +0.038%

Together, before fees−0.206%+ Points / potential airdropAster: Stage 5 · farm board−$21 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Arcus is 0.102% dearer against Aster than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.038%. Mind the row above: over the last 4 days funding on this pair cost −0.117%, 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	Aster TAOUSDT	314.19	0.0206	pay 0.0103% / 4h	2h 29m	$1.3M	$10.6M	50x
Short	Arcus TAO-USD	314.63	0.0483	get 0.0060% / 1h	29m 24s	$101K	$370K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus 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 ArcusbpOrdersPrice spread, now +0.140%Rate

Funding earned: $58.28
Price spread: +0.140% → +0.038%: $10.15
Slippage, 4 orders: −$27.52
Fee Aster: 4 bp × 2 orders: −$8
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: $28.42
Costs to cover: 0.400%
Break-even: 3.6 days

Slippage from Aster: live order book, 4 min ago; Arcus: live order book, 19 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, 4 min ago	0.48 bp	7.8 bp −$8	17.8 bp −$178	170.7 bp −$17.1K	doesn't fit
Sell Arcus live order book, 19 min ago	6.85 bp	10.4 bp −$10	23.5 bp −$235	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	313.92	−0.085%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0039%	1h	313.66	−0.169%	$125K	$85K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.19	0.000%	$90.2M	$508.0M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.30	+0.035%	$26.3M	$122.4M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	313.47	−0.229%	$167K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.90	−0.092%	$13.9M	$51.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.17	−0.006%	$107.9M	$145.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.24	+0.016%	$17.3M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.98	−0.067%	$35.4M	$57.0M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.56	−0.202%	$41K	$316K	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	314.09	−0.032%	$90K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.34	−0.271%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.08	−0.353%	$113K	$554K	20x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	314.26	+0.022%	$643	$915K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.42	+0.073%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0123%	4h	314.27	+0.025%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0129% / S +0.0140%	1h	313.98	−0.068%	$420K	—	100x	as long as short
Popdex TAOUSDT	+0.0152%	1h	314.30	+0.035%	$51K	$667K	20x	as long as short
Phemex TAOUSDT	+0.0162%	4h	313.90	−0.092%	$3.2M	$8.0M	50x	as long as short
Aster TAOUSDTlong	+0.0206%	4h	314.19	long leg	$1.3M	$10.6M	50x
Pacifica TAO	+0.0233%	1h	314.09	−0.032%	$358K	$419K	10x	as long as short
Paradex TAO-USD-PERP	+0.0270%	8h	313.97	−0.069%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0270%	1h	314.08	−0.034%	$773K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0303%	1h	314.08	−0.034%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0324%	1h	314.31	+0.038%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.88	−0.099%	$4.5M	$10.9M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0348%	4h	314.36	+0.055%	$534K	$923K	10x	as long as short
ApeX Omni TAOUSDT	+0.0397%	1h	313.30	−0.283%	$44K	$256K	50x	as long as short
BingX TAO-USDT	+0.0438%	4h	314.15	−0.013%	—	$33.7M	—	as long as short
Variational Omni TAO	+0.0449%	4h	314.04	−0.049%	$5.5M	$10.1M	—	as long as short
Bybit TAOUSDT	+0.0452%	4h	314.35	+0.051%	$68.2M	$152.4M	50x	as long as short
Extended TAO-USD	+0.0464%	1h	314.21	+0.007%	$897K	$2.4M	25x	as long as short
Arcus TAO-USDshort	+0.0483%	1h	314.63	+0.140%	$101K	$370K	5x
Phoenix TAO	+0.0513%	1h	314.20	+0.003%	$313K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0526%	1h	313.84	−0.110%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.15	−0.013%	$361	—	20x	as long as short
01 Exchange TAOUSD	+0.0760%	1h	314.87	+0.216%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0806%	1h	314.30	+0.035%	$91.9M	$108.9M	5x	as long as short
Lighter TAO	+0.0816%	1h	314.16	−0.009%	$1.5M	$6.6M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0822%	1h	314.19	0.000%	$310K	$889K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	314.27	+0.025%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	314.51	+0.103%	$455K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	317.66	+1.104%	$23K	$2K	12x	as long as short