Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0053%/8h= +5.8% APRpaid last 24h +0.043%

Price spread now: Aster against ApeX Omni−0.501%7-day average −0.010% · 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−$94as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on ApeX Omni Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.158%+$16 on $10k

Price spread, last 3 days (all we have)−0.052%−$5 · spread now −0.501%, 7d avg −0.010%

Together, before fees+0.107%+ Points / potential airdropAster: Stage 5 · farm board+$11 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.492% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.501% now, against its 7-day average of −0.010%). If the spread goes back, that is −$49 on $10k: about 31 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni TAOUSDT	308.85	0.0100	pay 0.0013% / 1h	59m 31s	$46K	$268K	50x
Short	Aster TAOUSDT	307.30	0.0153	get 0.0077% / 4h	1h 59m	$1.1M	$7.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against ApeX Omni. 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 ApeX OmnibpFee AsterbpOrdersPrice spread, now −0.501%Rate

Funding earned: $11.2
Price spread: −0.501% → −0.010%: −$49.16
Slippage, 4 orders: −$26.69
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$82.65
Costs to cover: 0.447%
Break-even: 58.7 days

Slippage from ApeX Omni: live order book, 22 min ago; Aster: live order book, 4 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 ApeX Omni live order book, 22 min ago	4.86 bp	13.2 bp −$13	120.4 bp −$1,204	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	1.45 bp	10.0 bp −$10	30.5 bp −$305	226.2 bp −$22.6K	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	−0.0306%	1h	307.82	−0.333%	$202K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	306.64	−0.716%	$129K	$84K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	0.0000%	1h	307.39	−0.472%	$11K	$1.3M	25x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	307.36	−0.481%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.34	−0.489%	$42K	$532K	20x	as long as short
Nado TAO-PERP	+0.0100%	1h	307.31	−0.498%	$847K	$1.9M	10x	as long as short
Pacifica TAO	+0.0100%	1h	307.22	−0.528%	$363K	$369K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.42	−0.464%	$86.3M	$406.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.46	−0.450%	$59.8M	$119.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.50	−0.437%	$24.8M	$94.8M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus TAO-USD	+0.0100%	1h	307.51	−0.434%	$137K	$584K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.20	−0.534%	$12.2M	$47.9M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.38	−0.476%	$119.9M	$122.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	307.26	−0.515%	$18.9M	$26.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	307.28	−0.508%	$34.6M	$45.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.48	−0.444%	—	$30.4M	—	as long as short
Variational Omni TAO	+0.0100%	4h	308.90	+0.018%	$3.7M	$6.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	308.80	−0.018%	$40K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	308.79	−0.020%	$549K	$949K	10x	as long as short
ApeX Omni TAOUSDTlong	+0.0100%	1h	308.85	long leg	$46K	$268K	50x
Bullet TAO-USD	+0.0100%	1h	307.31	−0.497%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.45	−0.453%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.06	−0.256%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.23	−0.525%	$121K	$354K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	307.52	−0.431%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	307.53	−0.427%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	307.34	−0.489%	$3K	$472K	5x	as long as short
Aster TAOUSDTshort	+0.0153%	4h	307.30	−0.501%	$1.1M	$7.6M	50x
Paradex TAO-USD-PERP	+0.0160%	8h	307.15	−0.551%	$14K	$1K	10x	as long as short
Phoenix TAO	+0.0234%	1h	309.20	+0.113%	$327K	$462K	5x	as long as short
Polymarket Perps TAO-USD	+0.0311%	1h	307.50	−0.437%	$78K	$651K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.79	−0.019%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0484% / S −0.0184%	1h	307.14	−0.554%	$451K	—	100x	as long as short
01 Exchange TAOUSD	+0.0552%	1h	307.65	−0.389%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.26	−0.514%	$353	—	20x	as long as short
Extended TAO-USD	+0.0824%	1h	307.20	−0.536%	$898K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0873%	1h	307.65	−0.389%	$383K	$754K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	308.31	−0.175%	$1.5M	$5.4M	50x	as long as short
Lighter TAO	+0.0968%	1h	307.31	−0.498%	$1.7M	$4.9M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1025%	1h	307.59	−0.408%	$6.3M	$19.1M	50x	as long as short
RISEx TAO/USDC	+0.1155%	1h	307.45	−0.452%	$414K	$544K	5x	as long as short
Hyperliquid TAO	+0.1873%	1h	307.81	−0.337%	$96.3M	$77.9M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	−0.039%	$22K	$271	12x	as long as short