TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0031%/8h= +3.3% APRnext payment +$0.15 per $10,000 · paid last 24h +0.043%

Price spread now: Aster against Phemex+0.013%7-day average +0.034% · 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−$55as in the Price arb table

costs, in and out, $10k−$530.529% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.374%+$37 on $10k

Price spread, last 3 days (all we have)−0.056%−$6 · spread now +0.013%, 7d avg +0.034%

Together, before fees+0.318%+ Points / potential airdropAster: Stage 5 · farm board+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aster is 0.021% cheaper against Phemex than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.034%). If the spread goes back, that is −$2 on $10k: about 2.3 days of funding at the current rate (+$1 a day). At the pace of the last 5 days (+0.374% in total) that is about 7 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex TAOUSDT	307.07	0.0100	pay 0.0050% / 4h	1h 07m	$3.3M	$7.9M	50x
Short	Aster TAOUSDT	307.11	0.0131	get 0.0065% / 4h	1h 07m	$1.1M	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Phemex. 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 PhemexbpFee AsterbpOrdersPrice spread, now +0.013%Rate

Funding earned: $6.42
Price spread: +0.013% → +0.034%: −$2.12
Slippage, 4 orders: −$32.86
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$48.57
Costs to cover: 0.529%
Break-even: 60.0 days

Slippage from Phemex: live order book, 6 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 Phemex live order book, 6 min ago	8.35 bp	19.7 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 6 min ago	1.64 bp	8.0 bp −$8	17.9 bp −$179	210.2 bp −$21.0K	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	−0.0396%	1h	305.88	−0.389%	$163K	$52K	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	306.94	−0.042%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0012%	1h	306.74	−0.107%	$126K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.13	+0.020%	$45K	$541K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	307.10	+0.010%	$86.0M	$414.5M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	307.18	+0.036%	$59.6M	$121.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	307.20	+0.042%	$24.7M	$96.0M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	307.62	+0.179%	$80K	$643K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.20	+0.042%	$12.3M	$49.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	307.38	+0.101%	$114.9M	$126.1M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	307.37	+0.098%	$18.3M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.84	−0.075%	$34.2M	$45.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	307.30	+0.075%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	306.62	−0.148%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	306.14	−0.303%	$506K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.47	−0.521%	$46K	$270K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	307.24	+0.055%	$75K	$550K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	307.16	+0.029%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.08	+0.003%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	307.06	−0.003%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	307.23	+0.052%	$123K	$369K	20x	as long as short
Phemex TAOUSDTlong	+0.0100%	4h	307.07	long leg	$3.3M	$7.9M	50x
Aevo TAO-PERP	+0.0104%	1h	307.31	+0.077%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	307.31	+0.078%	$630	$511K	5x	as long as short
Variational Omni TAO	+0.0110%	4h	306.68	−0.126%	$3.7M	$6.7M	—	as long as short
Aster TAOUSDTshort	+0.0131%	4h	307.11	+0.013%	$1.1M	$7.7M	50x
Paradex TAO-USD-PERP	+0.0154%	8h	307.48	+0.133%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	307.53	+0.150%	$363K	$369K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	306.96	−0.034%	$438K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0275%	1h	307.17	+0.032%	$19K	$1.4M	25x	as long as short
Nado TAO-PERP	+0.0314%	1h	307.12	+0.017%	$829K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	306.89	−0.059%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0360%	1h	307.17	+0.032%	$1.6M	$5.4M	5x	as long as short
01 Exchange TAOUSD	+0.0416%	1h	307.45	+0.124%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0458%	1h	307.41	+0.111%	$295K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	306.30	−0.251%	$320K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	306.98	−0.031%	$353	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	307.26	+0.062%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	307.79	+0.234%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1028%	1h	307.16	+0.030%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1141%	1h	307.58	+0.166%	$93.8M	$80.8M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	307.40	+0.109%	$419K	$533K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.541%	$22K	$264	12x	as long as short