Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h +0.050%

Price spread now: Aster against BingX−0.021%7-day average +0.101% · 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−$42as in the Price arb table

costs, in and out, $10k−$300.302% of the position

Long on BingX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.155%+$16 on $10k

Price spread, last 7 days+0.170%+$17 · spread now −0.021%, 7d avg +0.101%

Together, before fees+0.325%+ Points / potential airdropAster: Stage 5 · farm board+$32 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.121% cheaper against BingX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	292.47	0.0100	pay 0.0050% / 4h	6m 41s	—	$27.5M	—
Short	Aster TAOUSDT	292.41	0.0100	get 0.0050% / 4h	6m 41s	$1.6M	$5.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against BingX. 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 BingXbpFee AsterbpOrdersPrice spread, now −0.021%Rate

Funding earned: $0
Price spread: −0.021% → +0.101%: −$12.11
Slippage, 4 orders: −$12.17
Fee BingX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$42.28
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Aster: live order book, 1 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 BingX live order book, 6 min ago	1.03 bp	6.0 bp −$6	9.3 bp −$93	25.1 bp −$2,507	66.3 bp −$33.1K
Sell Aster live order book, 1 min ago	2.39 bp	9.3 bp −$9	22.7 bp −$227	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	−0.2681%	1h	291.45	−0.349%	$192K	$44K	10x	as long as short
Kraken Futures PF_TAOUSD	−0.0160%	1h	292.20	−0.094%	$5.3M	$14.0M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	292.22	−0.085%	$75K	$35K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0010%	1h	292.10	−0.126%	$34K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0071%	1h	292.24	−0.078%	$13K	$1.0M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	292.10	−0.127%	$34K	$479K	20x	as long as short
Aster TAOUSDTshort	+0.0100%	4h	292.41	−0.021%	$1.6M	$5.0M	50x
Pacifica TAO	+0.0100%	1h	292.39	−0.028%	$339K	$375K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	292.32	−0.051%	$79.7M	$337.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	292.38	−0.031%	$51.5M	$88.9M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TAO-USDT-SWAP	+0.0100%	8h	292.20	−0.092%	$23.2M	$71.7M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	293.20	+0.250%	$128K	$580K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	292.20	−0.092%	$11.6M	$45.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	292.27	−0.068%	$105.6M	$106.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	292.23	−0.082%	$19.6M	$21.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	292.30	−0.058%	$33.0M	$37.0M	50x	as long as short
BingX TAO-USDTlong	+0.0100%	4h	292.47	long leg	—	$27.5M	—
Variational Omni TAO	+0.0100%	4h	291.12	−0.460%	$3.2M	$5.3M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	292.48	+0.005%	$38K	$272K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	291.44	−0.351%	$521K	$884K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	292.61	+0.048%	$44K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	292.16	−0.106%	$84K	$508K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	292.15	−0.109%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	292.08	−0.133%	$54K	$235K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	291.77	−0.239%	$2K	$1.6M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	292.17	−0.103%	$122K	$312K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	292.36	−0.038%	$3.1M	$7.5M	50x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	293.45	+0.335%	$1K	$348K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	292.31	−0.056%	$161K	$998	3x	as long as short
Paradex TAO-USD-PERP	+0.0105%	8h	292.38	−0.031%	$14K	$376	10x	as long as short
Nado TAO-PERP	+0.0195%	1h	292.15	−0.109%	$1.0M	$1.3M	10x	as long as short
Phoenix TAO	+0.0336%	1h	292.60	+0.044%	$311K	$158K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	292.17	−0.103%	$4.0M	$7.2M	100x	as long as short
Extended TAO-USD	+0.0352%	1h	292.29	−0.062%	$782K	$1.4M	25x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	292.37	−0.034%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0432%	1h	292.60	+0.043%	$1.3M	$2.4M	5x	as long as short
RISEx TAO/USDC	+0.0478%	1h	293.45	+0.337%	$339K	$452K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0480% / S −0.0195%	1h	292.06	−0.141%	$440K	—	100x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	292.05	−0.143%	$336	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0696%	1h	292.30	−0.058%	$370K	$536K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0872%	1h	293.01	+0.185%	$1.5M	$4.3M	50x	as long as short
Hyperliquid TAO	+0.1175%	1h	292.68	+0.072%	$82.6M	$55.9M	5x	as long as short
Injective TAO/USDC PERP	+0.2947%	1h	294.49	+0.691%	$21K	$39K	12x	as long as short