Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0286%/8h= +31.3% APRpaid last 24h +0.055%

Price spread now: 01 Exchange against Aster−0.023%7-day average — · you buy dearer than you sell

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

Long on Aster Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. 01 Exchange is 0.023% cheaper against Aster than usual: you would sell low and buy high (spread −0.023% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$2 on $10k: about 6 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	312.37	0.0122	pay 0.0061% / 4h	3h 47m	$1.2M	$10.4M	50x
Short	01 Exchange TAOUSD	312.30	0.0408	get 0.0051% / 1h	47m 46s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now −0.023%Rate

Funding earned: $60.11
Price spread: −0.023% → 0.000%: −$2.26
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $42.85
Costs to cover: 0.150%
Break-even: 2.0 days

Slippage unknown: Aster: live order book, 1 min ago; 01 Exchange: no order-book sample. 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 Aster live order book, 1 min ago	0.96 bp	7.7 bp −$8	17.5 bp −$175	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

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
Kraken Futures PF_TAOUSD	−0.0348%	1h	312.38	+0.003%	$5.5M	$20.6M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	312.04	−0.106%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	311.66	−0.227%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.31	−0.019%	$45K	$655K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	312.08	−0.093%	$2K	$811K	5x	as long as short
Pacifica TAO	+0.0100%	1h	312.41	+0.013%	$356K	$413K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.35	−0.007%	$89.7M	$497.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	312.42	+0.016%	$67.4M	$149.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.30	−0.023%	$25.9M	$120.3M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.10	+0.874%	$167K	$2K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	312.20	−0.055%	$13.0M	$49.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.42	+0.016%	$101.1M	$144.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.36	−0.003%	$17.7M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	312.09	−0.090%	$34.9M	$56.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	312.40	+0.009%	—	$33.0M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.18	+0.578%	$42K	$312K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.25	+0.602%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	312.13	−0.077%	$81K	$867K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	311.96	−0.131%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	311.70	−0.215%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	311.20	−0.375%	$108K	$536K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	312.33	−0.013%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	311.97	−0.129%	$171K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0112%	4h	314.50	+0.683%	$533K	$955K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0118%	4h	311.79	−0.186%	$52K	$270K	10x	as long as short
Aster TAOUSDTlong	+0.0122%	4h	312.37	long leg	$1.2M	$10.4M	50x
GMX TAO/USD [WBTC.b-USDC]	L +0.0142% / S +0.0130%	1h	311.65	−0.231%	$416K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0142%	8h	312.53	+0.050%	$14K	$1K	10x	as long as short
Hyperliquid TAO	+0.0146%	1h	312.57	+0.064%	$91.7M	$107.0M	5x	as long as short
Extended TAO-USD	+0.0184%	1h	312.38	+0.003%	$913K	$2.4M	25x	as long as short
Arcus TAO-USD	+0.0231%	1h	312.60	+0.073%	$101K	$391K	5x	as long as short
Nado TAO-PERP	+0.0245%	1h	312.42	+0.014%	$786K	$2.2M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	312.09	−0.090%	$4.5M	$10.8M	100x	as long as short
Variational Omni TAO	+0.0346%	4h	312.61	+0.077%	$5.6M	$10.0M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0377%	1h	311.91	−0.147%	$21K	$1.7M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0390%	1h	312.58	+0.067%	$310K	$912K	10x	as long as short
Lighter TAO	+0.0408%	1h	312.73	+0.116%	$1.5M	$6.4M	5x	as long as short
01 Exchange TAOUSDshort	+0.0408%	1h	312.30	−0.023%	$3K	$4K	5x
Phoenix TAO	+0.0457%	1h	313.90	+0.490%	$312K	$711K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	312.24	−0.042%	$359	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	312.33	−0.011%	$433K	$650K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	312.33	−0.013%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.38	+1.604%	$23K	$2K	12x	as long as short