Funding you earn now, next payment 04:00 UTC−0.0652%/8h= −71.4% APRnext payment −$3.26 per $10,000 · paid last 24h +0.034%
Price spread now: Aster against Bybit−0.215%7-day average +0.078% · 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−$68as in the Price arb table
costs, in and out, $10k−$390.392% of the position
Funding, last 5 days (all we have)+0.163%+$16 on $10k
+Price spread, last 7 days+0.379%+$38 · spread now −0.215%, 7d avg +0.078%
=Together, before fees+0.542%+ Points / potential airdropAster: Stage 5 · farm board+$54 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and Aster is 0.293% cheaper against Bybit than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of +0.078%). Swap the legs. Mind the row above: over the last 5 days funding on this pair paid +0.163%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 5 days it paid 0.163% in total (about 11.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$3.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit TAOUSDT | 307.94 | 0.0831 | pay 0.0416% / 4h | 2h 42m | $62.9M | $135.6M | 50x |
| Short | Aster TAOUSDT | 307.28 | 0.0179 | get 0.0089% / 4h | 2h 42m | $1.3M | $9.1M | 50x |
Bybit TAOUSDT
Aster TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Aster against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$137.02
- Price spread: −0.215% → +0.078%
- −$29.29
- Slippage, 4 orders
- −$20.19
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$205.5
- Costs to cover
- 0.392%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 1 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 Bybit live order book, 1 min ago | 0.16 bp | 10.0 bp −$10 | 18.9 bp −$189 | 43.8 bp −$4,378 | doesn't fit |
| Sell Aster live order book, 1 min ago | 2.26 bp | 9.4 bp −$9 | 16.9 bp −$169 | 201.0 bp −$20.1K | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 307.35 | −0.191% | $123K | $87K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 308.57 | +0.204% | $12K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 309.19 | +0.406% | $46K | $605K | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0096% | 1h | 308.53 | +0.193% | $15K | $1.5M | 25x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 307.56 | −0.123% | $88.7M | $459.3M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 307.60 | −0.110% | $25.1M | $107.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 307.00 | −0.305% | $12.5M | $49.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 307.48 | −0.149% | $100.5M | $137.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 307.69 | −0.081% | $17.9M | $30.0M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 307.49 | −0.146% | $34.2M | $52.7M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Deribit TAO_USDC-PERPETUAL
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 309.63 | +0.547% | $34K | $300K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 309.02 | +0.351% | $515K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 309.89 | +0.633% | $46K | $267K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 308.47 | +0.172% | $56K | $284K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 308.86 | +0.299% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 309.08 | +0.370% | $127K | $470K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 309.75 | +0.588% | $170K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0116% | 8h | 309.36 | +0.461% | $1K | $674K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0170% / S +0.0092% | 1h | 308.63 | +0.224% | $426K | — | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0171% | 1h | 308.45 | +0.166% | $5.5M | $20.3M | 50x | as long as short |
| Aster TAOUSDTshort | +0.0179% | 4h | 307.28 | −0.215% | $1.3M | $9.1M | 50x | |
| Bullet TAO-USD | +0.0241% | 1h | 309.08 | +0.371% | $12K | $17K | 20x | as long as short |
| Polymarket Perps TAO-USD | +0.0262% | 1h | 309.06 | +0.364% | $77K | $643K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0274% | 8h | 307.62 | −0.102% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 307.69 | −0.080% | $363K | $378K | 10x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 309.48 | +0.500% | $82K | $551K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 311.16 | +1.046% | $4.4M | $10.7M | 100x | as long as short |
| Phemex TAOUSDT | +0.0412% | 4h | 308.20 | +0.084% | $3.4M | $8.0M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.0470% | 1h | 315.63 | +2.497% | $23K | $2K | 12x | as long as short |
| Nado TAO-PERP | +0.0573% | 1h | 308.96 | +0.333% | $756K | $2.1M | 10x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 309.80 | +0.604% | $324K | $681K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0664% | 1h | 309.75 | +0.588% | $3K | $4K | 5x | as long as short |
| Variational Omni TAO | +0.0696% | 4h | 309.05 | +0.360% | $5.4M | $8.8M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 309.01 | +0.347% | $355 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0740% | 4h | 307.64 | −0.097% | — | $31.0M | — | as long as short |
| Bybit TAOUSDTlong | +0.0831% | 4h | 307.94 | long leg | $62.9M | $135.6M | 50x | |
| Backpack TAO_USDC_PERP | +0.0864% | 1h | 308.27 | +0.107% | $311K | $814K | 10x | as long as short |
| Extended TAO-USD | +0.0976% | 1h | 307.22 | −0.234% | $885K | $2.4M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 309.88 | +0.630% | $1.5M | $6.3M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 309.36 | +0.460% | $411K | $605K | 5x | as long as short |
| Hyperliquid TAO | +0.1275% | 1h | 308.02 | +0.026% | $97.7M | $93.0M | 5x | as long as short |
| Lighter TAO | +0.1392% | 1h | 307.94 | 0.000% | $1.6M | $6.0M | 5x | as long as short |
| Bulk TAO-USD | +0.3743% | 1h | 312.40 | +1.448% | $166K | $40K | 10x | as long as short |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Kraken Futures PF_TAOUSD
Bullet TAO-USD
Polymarket Perps TAO-USD
Paradex TAO-USD-PERP
Pacifica TAO
Arcus TAO-USD
BloFin TAO-USDT
Phemex TAOUSDT
Injective TAO/USDC PERP
Nado TAO-PERP
Phoenix TAO
01 Exchange TAOUSD
Variational Omni TAO
Reya TAORUSDPERP
BingX TAO-USDT
Backpack TAO_USDC_PERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Lighter TAO
Bulk TAO-USD