Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0092%/8h= +10.1% APRpaid last 24h +0.025%

Price spread now: Aster against dYdX+0.066%7-day average +0.080% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$97as in the Price arb table

costs, in and out, $10k−$960.960% of the position

Long on dYdX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.053%+$5 on $10k

Price spread, last 4 days (all we have)+0.082%+$8 · spread now +0.066%, 7d avg +0.080%

Together, before fees+0.134%+ Points / potential airdropAster: Stage 5 · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.080%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX TAO-USD	310.54	0.0013	pay 0.0002% / 1h	23m 22s	$124K	$85K	5x
Short	Aster TAOUSDT	310.75	0.0106	get 0.0053% / 4h	3h 23m	$1.3M	$10.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against dYdX. 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 dYdXbpFee AsterbpOrdersPrice spread, now +0.066%Rate

Funding earned: $19.4
Price spread: +0.066% → +0.080%: −$1.4
Slippage, 4 orders: −$77.98
Fee dYdX: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$77.98
Costs to cover: 0.960%
Break-even: 35.1 days

Slippage from dYdX: live order book, 31 min ago; Aster: live order book, 6 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 dYdX live order book, 31 min ago	31.65 bp	42.5 bp −$42	67.6 bp −$676	147.8 bp −$14.8K	533.8 bp −$266.9K
Sell Aster live order book, 6 min ago	2.24 bp	9.2 bp −$9	17.0 bp −$170	128.3 bp −$12.8K	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
Kraken Futures PF_TAOUSD	−0.0349%	1h	310.85	+0.097%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.72	+0.056%	$20K	—	150x	as long as short
dYdX TAO-USDlong	+0.0013%	1h	310.54	long leg	$124K	$85K	5x
Popdex TAOUSDT	+0.0096%	1h	310.86	+0.102%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	310.60	+0.018%	$2K	$843K	5x	as long as short
Pacifica TAO	+0.0100%	1h	310.97	+0.138%	$354K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	311.01	+0.150%	$89.1M	$500.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	311.11	+0.182%	$67.0M	$150.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	311.00	+0.147%	$25.9M	$120.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.60	+0.018%	$13.2M	$50.1M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	310.84	+0.095%	$101.9M	$145.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	310.79	+0.079%	$17.7M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.61	+0.021%	$34.8M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	310.92	+0.121%	—	$33.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.00	+0.148%	$41K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	310.69	+0.049%	$528K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	310.75	+0.066%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	310.70	+0.050%	$79K	$900K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	310.98	+0.140%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	310.77	+0.073%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.34	−0.066%	$109K	$541K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.97	+0.137%	$171K	$998	3x	as long as short
Aster TAOUSDTshort	+0.0106%	4h	310.75	+0.066%	$1.3M	$10.5M	50x
Orderly PERP_TAO_USDC	+0.0115%	4h	310.86	+0.102%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0137% / S +0.0135%	1h	310.71	+0.055%	$412K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0141%	8h	310.89	+0.113%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0206%	4h	310.93	+0.124%	$3.2M	$8.0M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.12	+0.185%	$101K	$394K	5x	as long as short
Variational Omni TAO	+0.0294%	4h	311.14	+0.191%	$5.5M	$10.1M	—	as long as short
Extended TAO-USD	+0.0312%	1h	310.89	+0.112%	$904K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.10	+0.179%	$4.5M	$10.7M	100x	as long as short
Nado TAO-PERP	+0.0353%	1h	310.71	+0.054%	$783K	$2.2M	10x	as long as short
Phoenix TAO	+0.0457%	1h	311.10	+0.179%	$310K	$711K	5x	as long as short
Hyperliquid TAO	+0.0461%	1h	311.06	+0.166%	$91.4M	$107.7M	5x	as long as short
01 Exchange TAOUSD	+0.0480%	1h	311.02	+0.153%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0490%	1h	310.59	+0.015%	$309K	$885K	10x	as long as short
Lighter TAO	+0.0576%	1h	311.21	+0.214%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0646%	1h	311.01	+0.149%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	310.85	+0.097%	$357	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	310.88	+0.108%	$442K	$655K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	+0.122%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.31	+0.247%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+1.512%	$23K	$2K	12x	as long as short