Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0018%/8h= +2.0% APRpaid last 24h +0.043%

Price spread now: Extended against Aster−0.053%7-day average −0.118% · 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−$26as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on Aster Short on Extended

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.063%−$6 on $10k

Price spread, last 7 days−0.154%−$15 · spread now −0.053%, 7d avg −0.118%

Together, before fees−0.218%+ Points / potential airdropAster: Stage 5 · Extended: Active · farm board−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Extended is 0.066% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.118%. Mind the row above: over the last 6 days funding on this pair cost −0.063%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	315.60	0.0334	pay 0.0167% / 4h	20m 57s	$1.3M	$11.0M	50x
Short	Extended TAO-USD	315.43	0.0352	get 0.0044% / 1h	20m 57s	$899K	$2.4M	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.053%Rate

Funding earned: $3.88
Price spread: −0.053% → −0.118%: $6.57
Slippage, 4 orders: −$19.54
Fee Aster: 4 bp × 2 orders: −$8
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$22.09
Costs to cover: 0.325%
Break-even: 46.9 days

Slippage from Aster: live order book, 3 min ago; Extended: live order book, 3 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 Aster live order book, 3 min ago	2.85 bp	10.9 bp −$11	22.3 bp −$223	177.3 bp −$17.7K	doesn't fit
Sell Extended live order book, 3 min ago	2.53 bp	7.0 bp −$7	9.2 bp −$92	doesn't fit	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	315.22	−0.120%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0056%	1h	315.36	−0.076%	$126K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.84	+0.076%	$45K	$714K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.60	0.000%	$26.3M	$130.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.30	−0.095%	$14.5M	$51.8M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.44	−0.051%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.20	−0.127%	$35.4M	$57.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.06	+0.146%	$45K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.51	−0.029%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.34	−0.082%	$2K	$2.0M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	315.16	−0.139%	$115K	$603K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0105% / S +0.0138%	1h	315.09	−0.163%	$402K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	315.50	−0.032%	$828	$1.1M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	315.57	−0.008%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0162%	4h	315.32	−0.089%	$52K	$294K	10x	as long as short
edgeX TAOUSDC	+0.0165%	4h	315.99	+0.122%	$42K	$319K	10x	as long as short
MEXC TAO_USDT	+0.0170%	4h	315.61	+0.003%	$102.6M	$152.3M	300x	as long as short
Binance TAOUSDT	+0.0171%	4h	315.65	+0.015%	$91.4M	$530.9M	75x	as long as short
Paradex TAO-USD-PERP	+0.0240%	8h	315.50	−0.030%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0250%	4h	315.57	−0.010%	—	$37.3M	—	as long as short
Bybit TAOUSDT	+0.0256%	4h	315.72	+0.038%	$69.1M	$156.8M	50x	as long as short
Bullet TAO-USD	+0.0268%	1h	315.76	+0.051%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0302%	4h	315.30	−0.094%	$536K	$921K	10x	as long as short
Pacifica TAO	+0.0313%	1h	315.61	+0.003%	$370K	$462K	10x	as long as short
Aster TAOUSDTlong	+0.0334%	4h	315.60	long leg	$1.3M	$11.0M	50x
Extended TAO-USDshort	+0.0352%	1h	315.43	−0.053%	$899K	$2.4M	25x
BloFin TAO-USDT	+0.0411%	4h	315.72	+0.038%	$4.7M	$10.9M	100x	as long as short
Phemex TAOUSDT	+0.0449%	4h	315.50	−0.032%	$3.2M	$8.2M	50x	as long as short
Nado TAO-PERP	+0.0467%	1h	315.65	+0.017%	$781K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	315.98	+0.120%	$99K	$384K	5x	as long as short
Lighter TAO	+0.0512%	1h	315.78	+0.056%	$1.6M	$6.9M	5x	as long as short
Variational Omni TAO	+0.0561%	4h	315.37	−0.074%	$5.5M	$10.2M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0569%	1h	315.38	−0.070%	$15K	$1.9M	25x	as long as short
Phoenix TAO	+0.0629%	1h	316.40	+0.253%	$318K	$703K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0659%	1h	315.56	−0.013%	$292K	$904K	10x	as long as short
01 Exchange TAOUSD	+0.0664%	1h	316.21	+0.193%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	315.42	−0.058%	$363	—	20x	as long as short
Hyperliquid TAO	+0.0710%	1h	315.57	−0.010%	$93.2M	$110.4M	5x	as long as short
RISEx TAO/USDC	+0.0831%	1h	315.69	+0.027%	$446K	$658K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0840%	1h	315.60	−0.001%	$5.9M	$21.7M	50x	as long as short
Bulk TAO-USD	+0.0951%	1h	316.68	+0.342%	$168K	$0	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	316.41	+0.257%	$1.4M	$6.9M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	318.80	+1.014%	$23K	$2K	12x	as long as short