Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0019%/8h= −2.0% APRpaid last 24h −0.306%

Price spread now: Bulk against Aster−0.964%7-day average −0.098% · 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−$112as in the Price arb table

costs, in and out, $10k−$260.256% of the position

Long on Aster Short on Bulk

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.425%−$42 on $10k

Price spread, last 4 days (all we have)+0.716%+$72 · spread now −0.964%, 7d avg −0.098%

Together, before fees+0.291%+ Points / potential airdropAster: Stage 5 · farm board+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Bulk is 0.866% cheaper against Aster than usual: you would sell low and buy high (−$87 if the spread goes back to its 7-day average of −0.098%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	305.72	0.0119	pay 0.0059% / 4h	1h 16m	$1.1M	$7.7M	50x
Short	Bulk TAO-USD	302.77	0.0100	get 0.0013% / 1h	16m 37s	$162K	$54K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk 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 BulkbpOrdersPrice spread, now −0.964%Rate

Funding earned: −$3.93
Price spread: −0.964% → −0.098%: −$86.59
Slippage, 4 orders: −$10.59
Fee Aster: 4 bp × 2 orders: −$8
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: −$116.11
Costs to cover: 0.256%
Break-even: never at this rate

Slippage from Aster: live order book, 2 min ago; Bulk: live order book, 2 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	0.98 bp	10.7 bp −$11	23.4 bp −$234	228.5 bp −$22.8K	doesn't fit
Sell Bulk live order book, 2 min ago	0.17 bp	3.9 bp −$4	4.0 bp −$40	4.0 bp −$399	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	305.75	+0.009%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0015%	1h	305.55	−0.054%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.06	+0.112%	$45K	$539K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	305.92	+0.065%	$85.6M	$414.4M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.04	+0.105%	$59.2M	$121.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	305.90	+0.060%	$24.6M	$95.5M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.23	+0.168%	$79K	$643K	5x	as long as short
Bulk TAO-USDshort	+0.0100%	1h	302.77	−0.964%	$162K	$54K	10x
Gate TAO_USDT	+0.0100%	4h	305.80	+0.027%	$12.2M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	305.78	+0.020%	$113.7M	$125.8M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	305.90	+0.060%	$18.2M	$27.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	305.89	+0.056%	$34.1M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.89	+0.056%	—	$30.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.18	+0.151%	$40K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.91	+0.063%	$506K	$967K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	306.01	+0.096%	$75K	$557K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.89	+0.056%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.72	+0.001%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	305.88	+0.053%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	306.05	+0.109%	$122K	$368K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.67	−0.016%	$3.2M	$7.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0102%	1h	306.21	+0.161%	$46K	$270K	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.98	+0.086%	$168K	$998	3x	as long as short
Variational Omni TAO	+0.0105%	4h	305.97	+0.081%	$3.7M	$6.7M	—	as long as short
Katana Perps TAO-USD	+0.0110%	8h	305.98	+0.086%	$626	$506K	5x	as long as short
Aster TAOUSDTlong	+0.0119%	4h	305.72	long leg	$1.1M	$7.7M	50x
Paradex TAO-USD-PERP	+0.0155%	8h	305.89	+0.057%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	305.96	+0.078%	$361K	$370K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0170%	1h	305.86	+0.046%	$19K	$1.4M	25x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	305.66	−0.017%	$437K	—	100x	as long as short
Nado TAO-PERP	+0.0319%	1h	306.05	+0.108%	$826K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	305.78	+0.020%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0352%	1h	305.88	+0.052%	$1.6M	$5.4M	5x	as long as short
01 Exchange TAOUSD	+0.0408%	1h	306.34	+0.203%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0451%	1h	305.81	+0.030%	$293K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	306.60	+0.289%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	305.81	+0.031%	$352	—	20x	as long as short
Extended TAO-USD	+0.0760%	1h	306.01	+0.095%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	306.25	+0.174%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1034%	1h	305.63	−0.029%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1081%	1h	306.11	+0.129%	$93.2M	$80.7M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	306.21	+0.160%	$417K	$544K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.985%	$22K	$264	12x	as long as short