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

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0421%/8h= +46.1% APRnext payment +$2.11 per $10,000 · paid last 24h −0.027%
Price spread now: Variational Omni against Aster+0.359%7-day average −0.065% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.131%−$13 on $10k
Price spread, last 7 days−0.547%−$55 · spread now +0.359%, 7d avg −0.065%
Together, before fees−0.678%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$68 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Variational Omni is 0.424% dearer against Aster than usual: you sell high and buy low: +$42 more if the spread goes back to its 7-day average of −0.065%. Mind the row above: over the last 3 days funding on this pair cost −0.131%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.131% in total (about -13.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.11 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongAster TAOUSDT314.810.0220pay 0.0110% / 4h42m 18s$1.2M$10.1M50x
ShortVariational Omni TAO315.940.0641get 0.0321% / 4h42m 18s$5.8M$9.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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
$88.46
Price spread: +0.359% → −0.065%
$42.4
Slippage, 4 orders
no order book: not counted
Fee Aster: 4 bp × 2 orders
−$8
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$122.86
Costs to cover
0.080%
Break-even
from the start
Slippage unknown: Aster: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. Net counts fees only.

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 ago1.59 bp8.8 bp −$921.4 bp −$214doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 2 min ago2.86 bpdoesn't fit15.2 bp −$152doesn'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
Bulk TAO-USD−0.0482%1h315.13+0.103%$167K$1K10xas long as short
dYdX TAO-USD0.0000%1h314.76−0.014%$126K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h314.62−0.059%$20K150xas long as short
Kraken Futures PF_TAOUSD+0.0056%1h314.61−0.062%$5.5M$20.6M50xas long as short
Popdex TAOUSDT+0.0096%1h314.89+0.027%$42K$686K20xas long as short
Binance TAOUSDT+0.0100%4h314.68−0.038%$90.7M$489.9M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h314.70−0.033%$25.9M$119.2M50xas long as short
Gate TAO_USDT+0.0100%4h314.50−0.097%$12.9M$49.5M50xas long as short
MEXC TAO_USDT+0.0100%4h314.67−0.043%$105.5M$142.5M300xas long as short
KuCoin TAOUSDTM+0.0100%4h314.71−0.030%$17.5M$31.7M75xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bitget TAOUSDT+0.0100%4h314.46−0.110%$35.1M$55.8M50xas long as short
edgeX TAOUSDC+0.0100%4h315.77+0.306%$35K$304K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h316.07+0.402%$46K$252K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h314.77−0.011%$89K$790K5xas long as short
Bullet TAO-USD+0.0100%1h314.90+0.031%$12K$18K20xas long as short
SunX TAO-USDT+0.0100%4h314.64−0.052%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h314.75−0.018%$109K$527K20xas long as short
Phemex TAOUSDT+0.0100%4h314.61−0.062%$3.2M$8.1M50xas long as short
Katana Perps TAO-USD+0.0101%8h314.64−0.052%$644$786K5xas long as short
Aevo TAO-PERP+0.0104%1h314.67−0.043%$173K$9983xas long as short
GRVT TAO_USDT_Perp+0.0106%4h316.10+0.412%$526K$944K10xas long as short
Orderly PERP_TAO_USDC+0.0124%4h314.78−0.008%$57K$275K10xas long as short
Bybit TAOUSDT+0.0134%4h314.76−0.014%$68.5M$146.5M50xas long as short
BingX TAO-USDT+0.0146%4h314.81+0.002%$30.1Mas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0151% / S +0.0122%1h314.54−0.085%$419K100xas long as short
Paradex TAO-USD-PERP+0.0189%8h315.03+0.071%$14K$1K10xas long as short
Nado TAO-PERP+0.0197%1h315.02+0.068%$798K$2.2M10xas long as short
Aster TAOUSDTlong+0.0220%4h314.81long leg$1.2M$10.1M50x
01 Exchange TAOUSD+0.0232%1h314.85+0.014%$3K$4K5xas long as short
Hyperliquid TAO+0.0265%1h314.98+0.056%$93.7M$105.2M5xas long as short
Extended TAO-USD+0.0304%1h314.63−0.055%$922K$2.4M25xas long as short
Backpack TAO_USDC_PERP+0.0313%1h315.06+0.081%$316K$910K10xas long as short
BloFin TAO-USDT+0.0340%4h315.07+0.084%$4.5M$10.9M100xas long as short
Arcus TAO-USD+0.0345%1h315.18+0.119%$99K$488K5xas long as short
Pacifica TAO+0.0365%1h315.05+0.077%$361K$409K10xas long as short
Lighter TAO+0.0408%1h314.97+0.053%$1.5M$6.5M5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0435%1h314.73−0.025%$11K$1.6M25xas long as short
Phoenix TAO+0.0581%1h316.10+0.411%$315K$697K5xas long as short
Variational Omni TAOshort+0.0641%4h315.94+0.359%$5.8M$9.8M
Reya TAORUSDPERP+0.0696%1h314.85+0.015%$36220xas long as short
RISEx TAO/USDC+0.0991%1h314.92+0.037%$436K$659K5xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h316.38+0.500%$1.5M$6.6M50xas long as short
Injective TAO/USDC PERP+0.4222%1h319.61+1.526%$23K$2K12xas long as short