Settings8H · net · $10k
Funding arb · Price arb /

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0073%/8h= −8.0% APRpaid last 24h −0.032%
Price spread now: Aevo against Aster+0.162%49s7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$2172.174% of the position
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)−0.165%−$16 on $10k
Price spread, last 3 days (all we have)−0.136%−$14 · spread now +0.162%, 7d avg +0.001%
Together, before fees−0.301%+ Points / potential airdropAster: Stage 5 · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Aevo is 0.160% dearer against Aster than usual: you sell high and buy low (spread +0.162% now, against its 7-day average of +0.001%): +$16 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.3 days. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster TAOUSDT309.260.0177pay 0.0089% / 4h2h 46m$1.3M$9.1M50x
ShortAevo TAO-PERP309.770.0104get 0.0013% / 1h46m 32s$170K$9983x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aevo 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

Funding earned
−$15.41
Price spread: +0.162% → +0.001%
$16.04
Slippage, 4 orders
−$193.42
Fee Aster: 4 bp × 2 orders
−$8
Fee Aevo: 8 bp × 2 orders
−$16
Net
−$216.8
Costs to cover
2.174%
Break-even
never at this rate
Slippage from Aster: live order book, 2 min ago; Aevo: live order book, 22 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Aster live order book, 2 min ago2.10 bp8.8 bp −$924.6 bp −$246193.1 bp −$19.3Kdoesn't fit
Sell Aevo live order book, 22 min ago75.44 bp101.7 bp −$102666.8 bp −$6,668doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h308.79−0.154%$123K$87K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0002%1h309.09−0.056%$12K150xas long as short
Popdex TAOUSDT+0.0096%1h308.88−0.124%$46K$604K20xas long as short
Binance TAOUSDT+0.0100%4h308.73−0.173%$88.6M$458.1M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h308.70−0.183%$25.1M$107.9M50xas long as short
Gate TAO_USDT+0.0100%4h308.70−0.183%$12.5M$49.5M50xas long as short
MEXC TAO_USDT+0.0100%4h308.94−0.105%$100.7M$136.6M300xas long as short
KuCoin TAOUSDTM+0.0100%4h309.24−0.008%$18.0M$30.1M75xas long as short
Bitget TAOUSDT+0.0100%4h308.61−0.212%$34.4M$52.4M50xas long as short
edgeX TAOUSDC+0.0100%4h311.23+0.636%$34K$299K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
GRVT TAO_USDT_Perp+0.0100%4h311.49+0.718%$519K$964K10xas long as short
Orderly PERP_TAO_USDC+0.0100%4h309.35+0.028%$56K$318K10xas long as short
SunX TAO-USDT+0.0100%4h309.24−0.008%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h309.06−0.066%$126K$471K20xas long as short
Aevo TAO-PERPshort+0.0104%1h309.77+0.162%$170K$9983x
Katana Perps TAO-USD+0.0118%8h308.92−0.111%$632$673K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0170% / S +0.0092%1h309.12−0.048%$427K100xas long as short
Kraken Futures PF_TAOUSD+0.0171%1h309.30+0.010%$5.5M$20.3M50xas long as short
Aster TAOUSDTlong+0.0177%4h309.26long leg$1.3M$9.1M50x
Bullet TAO-USD+0.0223%1h309.64+0.121%$12K$17K20xas long as short
Paradex TAO-USD-PERP+0.0265%8h309.11−0.049%$14K$1K10xas long as short
Polymarket Perps TAO-USD+0.0274%1h309.01−0.082%$78K$656K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0282%1h309.23−0.012%$15K$1.5M25xas long as short
Pacifica TAO+0.0285%1h309.14−0.040%$365K$378K10xas long as short
ApeX Omni TAOUSDT+0.0290%1h310.96+0.548%$47K$268K50xas long as short
Arcus TAO-USD+0.0337%1h309.18−0.027%$82K$551K5xas long as short
BloFin TAO-USDT+0.0340%4h311.16+0.613%$4.4M$10.7M100xas long as short
Injective TAO/USDC PERP+0.0470%1h315.63+2.058%$23K$2K12xas long as short
Nado TAO-PERP+0.0562%1h308.74−0.169%$758K$2.1M10xas long as short
Phemex TAOUSDT+0.0585%4h309.32+0.018%$3.3M$7.9M50xas long as short
Phoenix TAO+0.0588%1h311.70+0.787%$326K$681K5xas long as short
01 Exchange TAOUSD+0.0672%1h309.17−0.031%$3K$4K5xas long as short
Variational Omni TAO+0.0682%4h311.59+0.751%$5.4M$8.8Mas long as short
Reya TAORUSDPERP+0.0696%1h308.82−0.142%$35520xas long as short
BingX TAO-USDT+0.0740%4h309.01−0.082%$31.0Mas long as short
Bybit TAOUSDT+0.0790%4h308.91−0.115%$63.1M$135.2M50xas long as short
Backpack TAO_USDC_PERP+0.0875%1h309.41+0.047%$313K$816K10xas long as short
Extended TAO-USD+0.0984%1h308.77−0.161%$890K$2.4M25xas long as short
Coinbase International TAO-PERP-INTX+0.1024%1h310.00+0.238%$1.5M$6.4M50xas long as short
RISEx TAO/USDC+0.1132%1h308.96−0.099%$410K$605K5xas long as short
Hyperliquid TAO+0.1301%1h309.16−0.034%$98.1M$92.7M5xas long as short
Lighter TAO+0.1432%1h309.34+0.023%$1.6M$6.0M5xas long as short
Bulk TAO-USD+0.3743%1h312.40+1.014%$166K$40K10xas long as short