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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 09:00 UTC−0.3201%/8h= −350.6% APRpaid last 24h −0.734%
Price spread now: Aster against Injective−1.166%97s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Long on InjectiveShort on Aster
What this pair did over the last
the charts below follow
Funding, last 6 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 against this trade now: funding costs −$96 a day on $10k at the current rate, and Aster is 1.166% cheaper against Injective than usual: you would sell low and buy high (−$117 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongInjective TAO/USDC PERP319.360.3512pay 0.0439% / 1h37m 36s$23K$2K12x
ShortAster TAOUSDT315.640.0311get 0.0155% / 4h3h 37m$1.2M$11.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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
−$672.3
Price spread: −1.166% → 0.000%
−$116.57
Slippage, 4 orders
no order book: not counted
Fee Injective: 0.01 bp × 2 orders
−$0.02
Fee Aster: 4 bp × 2 orders
−$8
Net
−$796.89
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Injective: no order-book sample; Aster: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Injective no order-book sample—————
Sell Aster live order book, 1 min ago1.43 bp7.0 bp −$716.5 bp −$165128.7 bp −$12.9Kdoesn't fit
Injective: 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 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
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0005%1h315.15−1.317%$22K—150xas long as short
Popdex TAOUSDT+0.0096%1h315.54−1.196%$49K$705K20xas long as short
Katana Perps TAO-USD+0.0100%8h315.28−1.278%$2K$1.2M5xas long as short
OKX TAO-USDT-SWAP+0.0100%8h315.60−1.177%$26.3M$129.9M50xas long as short
Gate TAO_USDT+0.0100%4h315.40−1.240%$14.9M$49.3M50xas long as short
KuCoin TAOUSDTM+0.0100%4h315.65−1.162%$17.7M$32.3M75xas long as short
Bitget TAOUSDT+0.0100%4h315.32−1.265%$35.5M$57.5M50xas long as short
Polymarket Perps TAO-USD+0.0100%1h315.10−1.334%$86K$1.2M5xas long as short
SunX TAO-USDT+0.0100%4h315.23−1.293%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h315.07−1.343%$115K$589K20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Phemex TAOUSDT+0.0100%4h315.30−1.271%$3.2M$8.1M50xas long as short
Aevo TAO-PERP+0.0120%1h315.48−1.214%$173K$9983xas long as short
Bulk TAO-USD+0.0125%1h316.13−1.011%$168K$010xas long as short
MEXC TAO_USDT+0.0146%4h315.55−1.193%$104.5M$151.8M300xas long as short
Binance TAOUSDT+0.0147%4h315.63−1.168%$92.0M$529.2M75xas long as short
edgeX TAOUSDC+0.0154%4h315.22−1.296%$42K$320K10xas long as short
ApeX Omni TAOUSDT+0.0157%1h315.93−1.074%$45K$257K50xas long as short
dYdX TAO-USD+0.0209%1h315.45−1.225%$127K$86K5xas long as short
Orderly PERP_TAO_USDC+0.0210%4h315.45−1.224%$54K$299K10xas long as short
Bullet TAO-USD+0.0217%1h315.52−1.201%$12K$17K20xas long as short
GRVT TAO_USDT_Perp+0.0220%4h316.21−0.987%$541K$877K10xas long as short
Paradex TAO-USD-PERP+0.0241%8h315.66−1.159%$14K$87610xas long as short
Aster TAOUSDTshort+0.0311%4h315.64−1.166%$1.2M$11.1M50x
BingX TAO-USDT+0.0316%4h315.64−1.165%—$37.3M—as long as short
Pacifica TAO+0.0349%1h315.70−1.146%$370K$440K10xas long as short
Extended TAO-USD+0.0360%1h315.49−1.211%$894K$2.4M25xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0361% / S −0.0107%1h315.16−1.314%$370K—100xas long as short
Bybit TAOUSDT+0.0369%4h315.64−1.165%$69.5M$155.1M50xas long as short
BloFin TAO-USDT+0.0390%4h315.06−1.346%$4.7M$10.8M100xas long as short
Arcus TAO-USD+0.0404%1h315.77−1.124%$99K$368K5xas long as short
Hyperliquid TAO+0.0493%1h315.95−1.069%$93.1M$108.5M5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0501%1h315.48−1.214%$15K$1.9M25xas long as short
Nado TAO-PERP+0.0525%1h315.45−1.225%$767K$2.0M10xas long as short
Phoenix TAO+0.0578%1h316.20−0.989%$318K$714K5xas long as short
Lighter TAO+0.0592%1h315.85−1.099%$1.6M$6.6M5xas long as short
Variational Omni TAO+0.0602%4h315.71−1.142%$5.6M$10.1M—as long as short
01 Exchange TAOUSD+0.0608%1h315.84−1.102%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0686%1h315.87−1.093%$316K$1.0M10xas long as short
Reya TAORUSDPERP+0.0698%1h315.47−1.219%$363—20xas long as short
Kraken Futures PF_TAOUSD+0.0789%1h315.55−1.194%$6.0M$21.2M50xas long as short
RISEx TAO/USDC+0.0840%1h315.49−1.211%$437K$683K5xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h315.88−1.090%$1.2M$7.2M50xas long as short
Injective TAO/USDC PERPlong+0.3512%1h319.36long leg$23K$2K12x