TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0114%/8h= −12.5% APRnext payment −$0.57 per $10,000 · paid last 24h +0.034%

Price spread now: Aster against Bybit−0.009%7-day average +0.076% · 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−$46as in the Price arb table

costs, in and out, $10k−$370.369% of the position

Long on Bybit Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.163%+$16 on $10k

Price spread, last 7 days+0.183%+$18 · spread now −0.009%, 7d avg +0.076%

Together, before fees+0.346%+ Points / potential airdropAster: Stage 5 · farm board+$35 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Aster is 0.086% cheaper against Bybit than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.076%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.163%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	316.72	0.0392	pay 0.0196% / 4h	1h 07m	$69.4M	$146.2M	50x
Short	Aster TAOUSDT	316.69	0.0278	get 0.0139% / 4h	1h 07m	$1.2M	$10.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Bybit. 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 BybitbpFee AsterbpOrdersPrice spread, now −0.009%Rate

Funding earned: −$23.97
Price spread: −0.009% → +0.076%: −$8.58
Slippage, 4 orders: −$17.94
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Aster: 4 bp × 2 orders: −$8
Net: −$69.5
Costs to cover: 0.369%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Aster: live order book, 1 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 Bybit live order book, 1 min ago	0.31 bp	10.3 bp −$10	18.4 bp −$184	48.4 bp −$4,838	doesn't fit
Sell Aster live order book, 1 min ago	0.16 bp	7.1 bp −$7	14.8 bp −$148	111.3 bp −$11.1K	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
Bulk TAO-USD	−0.1916%	1h	325.17	+2.668%	$172K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.57	−0.047%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.82	+0.031%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.12	+0.126%	$40K	$686K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.58	−0.044%	$92.0M	$490.6M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.70	−0.006%	$26.1M	$120.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.50	−0.069%	$13.0M	$50.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.66	−0.019%	$104.7M	$144.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.50	−0.069%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.48	−0.076%	$35.3M	$55.7M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.99	+0.084%	$36K	$302K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.98	+0.082%	$88K	$796K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.96	+0.076%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.71	−0.003%	$109K	$529K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.20	+0.152%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	316.63	−0.028%	$673	$776K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0126%	4h	316.73	+0.003%	$57K	$275K	10x	as long as short
Phemex TAOUSDT	+0.0154%	4h	317.03	+0.098%	$3.4M	$7.9M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0157% / S +0.0112%	1h	316.79	+0.023%	$430K	—	100x	as long as short
Bullet TAO-USD	+0.0160%	1h	317.02	+0.095%	$12K	$18K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0192%	4h	318.34	+0.510%	$528K	$952K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0203%	1h	316.87	+0.046%	$15K	$1.6M	25x	as long as short
Paradex TAO-USD-PERP	+0.0243%	8h	316.82	+0.032%	$14K	$1K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0248%	1h	316.70	−0.005%	$5.6M	$20.8M	50x	as long as short
Aster TAOUSDTshort	+0.0278%	4h	316.69	−0.009%	$1.2M	$10.1M	50x
BloFin TAO-USDT	+0.0340%	4h	317.25	+0.167%	$4.6M	$11.3M	100x	as long as short
ApeX Omni TAOUSDT	+0.0371%	1h	316.95	+0.073%	$47K	$253K	50x	as long as short
BingX TAO-USDT	+0.0386%	4h	316.68	−0.013%	—	$30.4M	—	as long as short
Bybit TAOUSDTlong	+0.0392%	4h	316.72	long leg	$69.4M	$146.2M	50x
Pacifica TAO	+0.0448%	1h	316.58	−0.045%	$372K	$413K	10x	as long as short
Phoenix TAO	+0.0504%	1h	317.70	+0.309%	$332K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	316.90	+0.057%	$100K	$488K	5x	as long as short
Nado TAO-PERP	+0.0587%	1h	316.99	+0.087%	$817K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0632%	1h	316.49	−0.072%	$927K	$2.4M	25x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	317.23	+0.161%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.89	+0.055%	$364	—	20x	as long as short
Lighter TAO	+0.0720%	1h	316.82	+0.033%	$1.6M	$6.4M	5x	as long as short
Variational Omni TAO	+0.0799%	4h	316.62	−0.031%	$5.9M	$9.8M	—	as long as short
Backpack TAO_USDC_PERP	+0.0857%	1h	316.77	+0.016%	$315K	$927K	10x	as long as short
Hyperliquid TAO	+0.0992%	1h	316.82	+0.032%	$95.7M	$104.1M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.97	+0.395%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	316.67	−0.014%	$437K	$661K	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	321.62	+1.547%	$23K	$2K	12x	as long as short