Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0279%/8h= +30.6% APRpaid last 24h +0.076%

Price spread now: 01 Exchange against Aster+0.216%54s7-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 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 4 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

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and 01 Exchange is 0.216% dearer against Aster than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	314.68	0.0313	pay 0.0156% / 4h	1h 07m	$1.3M	$11.4M	50x
Short	01 Exchange TAOUSD	315.36	0.0592	get 0.0074% / 1h	7m 40s	$3K	$2K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.216%Rate

Funding earned: $58.67
Price spread: +0.216% → 0.000%: $21.61
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $65.27
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Aster: live order book, 4 min ago; 01 Exchange: 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, 4 min ago	1.59 bp	6.2 bp −$6	15.8 bp −$158	169.5 bp −$17.0K	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: 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 exchanges

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 −0.0003%	1h	314.40	−0.088%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.92	+0.076%	$54K	$636K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.50	−0.057%	$26.8M	$127.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.30	−0.121%	$16.0M	$48.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.64	−0.013%	$17.4M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.26	−0.133%	$35.6M	$55.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.81	+0.041%	$45K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.78	+0.032%	$69K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.64	−0.013%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.48	−0.064%	$112K	$556K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0102%	8h	314.30	−0.121%	$1K	$1.3M	5x	as long as short
Extended TAO-USD	+0.0104%	1h	314.37	−0.100%	$947K	$2.1M	25x	as long as short
Aevo TAO-PERP	+0.0120%	1h	314.84	+0.049%	$173K	$998	3x	as long as short
edgeX TAOUSDC	+0.0137%	4h	314.78	+0.032%	$42K	$323K	10x	as long as short
MEXC TAO_USDT	+0.0152%	4h	314.60	−0.025%	$110.5M	$150.6M	300x	as long as short
Binance TAOUSDT	+0.0153%	4h	314.57	−0.034%	$93.2M	$511.1M	75x	as long as short
Phemex TAOUSDT	+0.0182%	4h	314.57	−0.035%	$3.2M	$8.2M	50x	as long as short
Lighter TAO	+0.0224%	1h	314.68	0.000%	$1.6M	$6.7M	5x	as long as short
Pacifica TAO	+0.0240%	1h	314.63	−0.016%	$372K	$455K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0246%	4h	314.48	−0.063%	$535K	$786K	10x	as long as short
Paradex TAO-USD-PERP	+0.0256%	8h	314.49	−0.060%	$14K	$876	10x	as long as short
BingX TAO-USDT	+0.0264%	4h	314.48	−0.064%	—	$37.9M	—	as long as short
Orderly PERP_TAO_USDC	+0.0266%	4h	314.71	+0.010%	$53K	$262K	10x	as long as short
Bybit TAOUSDT	+0.0277%	4h	314.65	−0.010%	$69.3M	$155.5M	50x	as long as short
Bullet TAO-USD	+0.0301%	1h	314.92	+0.076%	$12K	$16K	20x	as long as short
Aster TAOUSDTlong	+0.0313%	4h	314.68	long leg	$1.3M	$11.4M	50x
Nado TAO-PERP	+0.0338%	1h	314.96	+0.088%	$670K	$2.0M	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0358% / S −0.0107%	1h	313.88	−0.255%	$369K	—	100x	as long as short
BloFin TAO-USDT	+0.0383%	4h	315.18	+0.159%	$4.9M	$10.5M	100x	as long as short
dYdX TAO-USD	+0.0410%	1h	314.61	−0.022%	$265K	$230K	5x	as long as short
Variational Omni TAO	+0.0519%	4h	314.56	−0.037%	$5.7M	$10.0M	—	as long as short
Hyperliquid TAO	+0.0522%	1h	314.78	+0.032%	$94.5M	$104.8M	5x	as long as short
01 Exchange TAOUSDshort	+0.0592%	1h	315.36	+0.216%	$3K	$2K	5x
Arcus TAO-USD	+0.0610%	1h	314.73	+0.016%	$99K	$312K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0635%	1h	314.65	−0.009%	$29K	$1.9M	25x	as long as short
Phoenix TAO	+0.0650%	1h	315.00	+0.102%	$317K	$710K	5x	as long as short
RISEx TAO/USDC	+0.0666%	1h	314.31	−0.118%	$438K	$655K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	315.38	+0.222%	$1.1M	$7.6M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	314.69	+0.003%	$362	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0748%	1h	314.41	−0.086%	$295K	$1.1M	10x	as long as short
Bulk TAO-USD	+0.0796%	1h	315.70	+0.323%	$167K	$662	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0936%	1h	314.83	+0.047%	$6.3M	$19.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	319.29	+1.465%	$23K	$2K	12x	as long as short