Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.8% APRpaid last 24h −0.032%

Price spread now: Bullet against Aster+0.092%7-day average — · you sell dearer than you buy

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

Long on Aster Short on Bullet

What this pair did over the last

the charts below follow

Funding, last 3 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 between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bullet is 0.092% dearer against Aster than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	310.43	0.0108	pay 0.0054% / 4h	3h 23m	$1.3M	$10.5M	50x
Short	Bullet TAO-USD	310.72	0.0100	get 0.0013% / 1h	23m 50s	$11K	$18K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bullet 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 BulletbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$1.6
Price spread: +0.092% → 0.000%: $9.25
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Bullet: 4 bp × 2 orders: −$8
Net: −$8.35
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 5 min ago; Bullet: 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, 5 min ago	2.24 bp	7.6 bp −$8	15.1 bp −$151	doesn't fit	doesn't fit
Sell Bullet no order-book sample	—	—	—	—	—

Bullet: 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	−0.0350%	1h	310.11	−0.105%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.42	−0.005%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0014%	1h	310.34	−0.028%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	310.82	+0.125%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	310.68	+0.080%	$636	$842K	5x	as long as short
Pacifica TAO	+0.0100%	1h	310.73	+0.095%	$354K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	310.57	+0.045%	$89.0M	$500.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	310.90	+0.151%	$66.9M	$150.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	310.90	+0.151%	$25.8M	$120.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.10	−0.107%	$13.2M	$50.1M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	310.54	+0.035%	$101.7M	$145.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	310.40	−0.010%	$17.6M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.56	+0.041%	$34.8M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	310.44	+0.003%	—	$33.6M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.00	+0.184%	$41K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	311.97	+0.494%	$530K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	310.75	+0.103%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	310.57	+0.045%	$79K	$900K	5x	as long as short
Bullet TAO-USDshort	+0.0100%	1h	310.72	+0.092%	$11K	$18K	20x
SunX TAO-USDT	+0.0100%	4h	310.49	+0.019%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	309.61	−0.265%	$109K	$541K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.48	+0.016%	$171K	$998	3x	as long as short
Aster TAOUSDTlong	+0.0108%	4h	310.43	long leg	$1.3M	$10.5M	50x
Orderly PERP_TAO_USDC	+0.0116%	4h	310.53	+0.032%	$51K	$291K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0137% / S +0.0135%	1h	310.37	−0.020%	$412K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0139%	8h	310.59	+0.052%	$14K	$1K	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.08	+0.209%	$101K	$394K	5x	as long as short
Bulk TAO-USD	+0.0264%	1h	312.41	+0.637%	$166K	$333	10x	as long as short
Phemex TAOUSDT	+0.0275%	4h	310.24	−0.062%	$3.1M	$8.0M	50x	as long as short
Variational Omni TAO	+0.0294%	4h	311.14	+0.227%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0304%	1h	310.38	−0.018%	$904K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	310.95	+0.167%	$4.5M	$10.7M	100x	as long as short
Nado TAO-PERP	+0.0357%	1h	310.71	+0.089%	$785K	$2.2M	10x	as long as short
Phoenix TAO	+0.0457%	1h	312.60	+0.698%	$311K	$711K	5x	as long as short
Hyperliquid TAO	+0.0462%	1h	311.00	+0.183%	$91.4M	$107.7M	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	311.01	+0.186%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0490%	1h	310.59	+0.051%	$309K	$885K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0516%	1h	310.24	−0.061%	$16K	$1.8M	25x	as long as short
Lighter TAO	+0.0576%	1h	310.70	+0.086%	$1.5M	$6.5M	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	310.62	+0.062%	$357	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	310.83	+0.127%	$442K	$655K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.60	+0.376%	$1.5M	$6.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+1.549%	$23K	$2K	12x	as long as short