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

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC+0.2781%/8hpaid last 24h +0.172%
Price spread now: Aster against Bulk+0.295%7-day average +0.051% · you sell dearer than you buy
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costs−$1as in the Price arb table
costs, in and out, $10k−$260.255% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.285%+$29 on $10k
Price spread, last 3 days (all we have)−0.138%−$14 · spread now +0.295%, 7d avg +0.051%
Together, before fees+0.147%+ Points / potential airdropAster: Stage 5 · farm board+$15 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$83 a day on $10k at the current rate, and Aster is 0.244% dearer against Bulk than usual: you sell high and buy low: +$24 more if the spread goes back to its 7-day average of +0.051%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.285% in total (about 32.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBulk TAO-USD291.45−0.2681get 0.0335% / 1h6m 50s$192K$44K10x
ShortAster TAOUSDT292.310.0100get 0.0050% / 4h6m 50s$1.6M$5.0M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Bulk. 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
$583.94
Price spread: +0.295% → +0.051%
$24.4
Slippage, 4 orders
−$10.51
Fee Bulk: 3.5 bp × 2 orders
−$7
Fee Aster: 4 bp × 2 orders
−$8
Net
$582.82
Costs to cover
0.255%
Break-even
0.0 days
Slippage from Bulk: live order book, 26 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
LegHalf-spread$10k$100k$1M$5M
Buy Bulk live order book, 26 min ago0.17 bp4.4 bp −$47.3 bp −$7361.6 bp −$6,158doesn't fit
Sell Aster live order book, 1 min ago2.39 bp9.3 bp −$922.7 bp −$227doesn'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-USDlong−0.2681%1h291.45long leg$192K$44K10x
Kraken Futures PF_TAOUSD−0.0160%1h292.20+0.256%$5.3M$14.0M50xas long as short
dYdX TAO-USD0.0000%1h292.22+0.264%$75K$35K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0010%1h292.10+0.224%$34K150xas long as short
Deribit TAO_USDC-PERPETUAL+0.0071%1h292.24+0.272%$13K$1.0M25xas long as short
Popdex TAOUSDT+0.0096%1h292.10+0.223%$34K$479K20xas long as short
Aster TAOUSDTshort+0.0100%4h292.31+0.295%$1.6M$5.0M50x
Pacifica TAO+0.0100%1h292.07+0.214%$339K$375K10xas long as short
Binance TAOUSDT+0.0100%4h292.23+0.268%$79.7M$337.8M75xas long as short
Bybit TAOUSDT+0.0100%4h292.28+0.285%$51.5M$88.9M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX TAO-USDT-SWAP+0.0100%8h292.00+0.189%$23.2M$71.7M50xas long as short
Arcus TAO-USD+0.0100%1h292.43+0.336%$128K$580K5xas long as short
Gate TAO_USDT+0.0100%4h292.10+0.223%$11.6M$45.5M50xas long as short
MEXC TAO_USDT+0.0100%4h292.27+0.281%$105.6M$106.7M300xas long as short
KuCoin TAOUSDTM+0.0100%4h292.25+0.274%$19.6M$21.3M75xas long as short
Bitget TAOUSDT+0.0100%4h292.09+0.220%$33.0M$37.0M50xas long as short
BingX TAO-USDT+0.0100%4h292.22+0.264%$27.5Mas long as short
Variational Omni TAO+0.0100%4h291.12−0.112%$3.2M$5.3Mas long as short
edgeX TAOUSDC+0.0100%4h292.48+0.355%$38K$272K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h291.44−0.002%$521K$884K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h292.61+0.398%$44K$266K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h292.16+0.244%$84K$508K5xas long as short
Bullet TAO-USD+0.0100%1h292.15+0.241%$11K$18K20xas long as short
Orderly PERP_TAO_USDC+0.0100%4h292.08+0.216%$54K$235K10xas long as short
SunX TAO-USDT+0.0100%4h291.77+0.110%$2K$1.6M20xas long as short
HTX TAO-USDT+0.0100%4h292.17+0.247%$122K$312K20xas long as short
Phemex TAOUSDT+0.0100%4h292.36+0.312%$3.1M$7.5M50xas long as short
Katana Perps TAO-USD+0.0103%8h292.05+0.206%$1K$348K5xas long as short
Aevo TAO-PERP+0.0104%1h292.31+0.293%$161K$9983xas long as short
Paradex TAO-USD-PERP+0.0105%8h292.20+0.259%$14K$37610xas long as short
Nado TAO-PERP+0.0195%1h292.15+0.241%$1.0M$1.3M10xas long as short
Phoenix TAO+0.0336%1h292.60+0.395%$311K$158K5xas long as short
BloFin TAO-USDT+0.0340%4h292.17+0.247%$4.0M$7.2M100xas long as short
Extended TAO-USD+0.0352%1h292.21+0.259%$782K$1.4M25xas long as short
01 Exchange TAOUSD+0.0416%1h292.37+0.316%$3K$4K5xas long as short
Lighter TAO+0.0432%1h292.38+0.319%$1.3M$2.4M5xas long as short
RISEx TAO/USDC+0.0478%1h292.25+0.273%$337K$452K5xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0480% / S −0.0195%1h292.06+0.209%$440K100xas long as short
Reya TAORUSDPERP+0.0694%1h292.05+0.207%$33620xas long as short
Backpack TAO_USDC_PERP+0.0696%1h292.30+0.292%$370K$536K10xas long as short
Coinbase International TAO-PERP-INTX+0.0872%1h293.01+0.535%$1.5M$4.3M50xas long as short
Hyperliquid TAO+0.1175%1h292.68+0.422%$82.6M$55.9M5xas long as short
Injective TAO/USDC PERP+0.2947%1h294.49+1.043%$21K$39K12xas long as short