Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0184%/8h= −20.1% APRpaid last 24h −0.032%

Price spread now: Polymarket Perps against Aster−0.075%7-day average −0.033% · 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−$37as in the Price arb table

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

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.230%−$23 on $10k

Price spread, last 4 days (all we have)+0.641%+$64 · spread now −0.075%, 7d avg −0.033%

Together, before fees+0.410%+ Points / potential airdropAster: Stage 5 · farm board+$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Polymarket Perps is 0.042% cheaper against Aster than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.033%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	317.30	0.0284	pay 0.0142% / 4h	1h 08m	$1.2M	$10.1M	50x
Short	Polymarket Perps TAO-USD	317.06	0.0100	get 0.0013% / 1h	8m 53s	$88K	$796K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.075%Rate

Funding earned: −$38.62
Price spread: −0.075% → −0.033%: −$4.22
Slippage, 4 orders: −$16.5
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$75.34
Costs to cover: 0.325%
Break-even: never at this rate

Slippage from Aster: live order book, 5 min ago; Polymarket Perps: live order book, 54 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, 5 min ago	0.79 bp	10.5 bp −$10	23.6 bp −$236	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 54 min ago	1.42 bp	5.4 bp −$5	10.1 bp −$101	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
Bulk TAO-USD	−0.1916%	1h	325.17	+2.481%	$172K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	316.62	−0.215%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.09	−0.067%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.17	−0.041%	$40K	$687K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	317.18	−0.038%	$92.2M	$490.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.00	−0.094%	$26.1M	$120.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.00	−0.094%	$13.0M	$50.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	317.31	+0.003%	$103.3M	$143.9M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.21	−0.028%	$17.7M	$31.6M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.12	−0.057%	$35.4M	$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	−0.098%	$36K	$302K	10x	as long as short
Polymarket Perps TAO-USDshort	+0.0100%	1h	317.06	−0.075%	$88K	$796K	5x
SunX TAO-USDT	+0.0100%	4h	317.22	−0.025%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	317.19	−0.034%	$128K	$483K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	317.33	+0.009%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	316.77	−0.167%	$673	$776K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0126%	4h	317.13	−0.053%	$57K	$275K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0157% / S +0.0112%	1h	316.99	−0.097%	$430K	—	100x	as long as short
Phemex TAOUSDT	+0.0167%	4h	317.35	+0.016%	$3.4M	$7.9M	50x	as long as short
Bullet TAO-USD	+0.0168%	1h	317.17	−0.041%	$12K	$18K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0192%	4h	318.34	+0.327%	$528K	$952K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0247%	1h	317.17	−0.042%	$5.6M	$20.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0249%	8h	317.18	−0.037%	$14K	$1K	10x	as long as short
Aster TAOUSDTlong	+0.0284%	4h	317.30	long leg	$1.2M	$10.1M	50x
Deribit TAO_USDC-PERPETUAL	+0.0293%	1h	317.35	+0.015%	$15K	$1.6M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	317.25	−0.016%	$4.6M	$11.3M	100x	as long as short
ApeX Omni TAOUSDT	+0.0371%	1h	316.95	−0.110%	$47K	$253K	50x	as long as short
Bybit TAOUSDT	+0.0406%	4h	317.24	−0.019%	$69.5M	$146.2M	50x	as long as short
Pacifica TAO	+0.0448%	1h	316.92	−0.119%	$373K	$413K	10x	as long as short
BingX TAO-USDT	+0.0448%	4h	317.06	−0.075%	—	$30.5M	—	as long as short
Phoenix TAO	+0.0504%	1h	317.70	+0.126%	$332K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	317.34	+0.013%	$100K	$488K	5x	as long as short
Nado TAO-PERP	+0.0598%	1h	317.12	−0.057%	$817K	$2.2M	10x	as long as short
Extended TAO-USD	+0.0648%	1h	317.16	−0.044%	$932K	$2.4M	25x	as long as short
01 Exchange TAOUSD	+0.0688%	1h	317.02	−0.088%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	317.06	−0.074%	$365	—	20x	as long as short
Lighter TAO	+0.0736%	1h	317.67	+0.116%	$1.6M	$6.4M	5x	as long as short
Variational Omni TAO	+0.0799%	4h	316.62	−0.213%	$5.9M	$9.8M	—	as long as short
Backpack TAO_USDC_PERP	+0.0869%	1h	317.42	+0.038%	$315K	$927K	10x	as long as short
Hyperliquid TAO	+0.1019%	1h	317.49	+0.060%	$96.1M	$104.0M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.97	+0.211%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	317.07	−0.071%	$445K	$657K	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	321.62	+1.362%	$23K	$2K	12x	as long as short