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Funding arb · Price arb /

TAO

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Alert: funding
Measured
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Alert: spread
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Funding you earn now, next payment 01:00 UTC+0.0274%/8h= +30.0% APRpaid last 24h +0.005%
Price spread now: Variational Omni against Aevo+0.562%7-day average +0.004% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on AevoShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)+0.003%$0 on $10k
Price spread, last 3 days (all we have)−0.669%−$67 · spread now +0.562%, 7d avg +0.004%
Together, before fees−0.666%+ Points / potential airdropVariational Omni: Active · farm board−$67 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Variational Omni is 0.558% dearer against Aevo than usual: you sell high and buy low: +$56 more if the spread goes back to its 7-day average of +0.004%.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.003% in total (about 0.3% 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
LongAevo TAO-PERP319.530.0104pay 0.0013% / 1h39m 57s$175K$9983x
ShortVariational Omni TAO321.330.0378get 0.0189% / 4h3h 39m$5.6M$8.6M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Aevo. 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
$57.54
Price spread: +0.562% → +0.004%
$55.75
Slippage, 4 orders
no order book: not counted
Fee Aevo: 8 bp × 2 orders
−$16
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$97.29
Costs to cover
0.160%
Break-even
from the start
Slippage unknown: Aevo: live order book, 34 min ago; Variational Omni: RFQ quote, 4 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 Aevo live order book, 34 min ago34.18 bp48.7 bp −$49299.5 bp −$2,995doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 4 min ago3.19 bpdoesn't fit23.1 bp −$231doesn'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-USD−0.0882%1h320.07+0.169%$170K$44K10xas long as short
Phemex TAOUSDT−0.0598%4h318.58−0.297%$3.5M$7.9M50xas long as short
dYdX TAO-USD0.0000%1h319.66+0.041%$128K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h319.15−0.119%$21K—150xas long as short
Popdex TAOUSDT+0.0096%1h319.40−0.041%$41K$584K20xas long as short
Deribit TAO_USDC-PERPETUAL+0.0096%1h319.53−0.001%$23K$1.5M25xas long as short
Binance TAOUSDT+0.0100%4h318.52−0.316%$92.1M$443.1M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h320.20+0.210%$26.1M$108.1M50xas long as short
Gate TAO_USDT+0.0100%4h318.50−0.322%$12.9M$50.2M50xas long as short
MEXC TAO_USDT+0.0100%4h320.14+0.191%$107.2M$133.2M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h319.42−0.034%$18.7M$28.5M75xas long as short
Bitget TAOUSDT+0.0100%4h319.99+0.144%$35.7M$49.6M50xas long as short
edgeX TAOUSDC+0.0100%4h322.03+0.783%$37K$287K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h320.32+0.247%$49K$269K50xas long as short
Orderly PERP_TAO_USDC+0.0100%4h319.51−0.006%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h319.36−0.053%$2K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h319.27−0.081%$127K$422K20xas long as short
Katana Perps TAO-USD+0.0101%8h319.80+0.084%$654$605K5xas long as short
Aevo TAO-PERPlong+0.0104%1h319.53long leg$175K$9983x
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0089%1h319.15−0.119%$463K—100xas long as short
Bullet TAO-USD+0.0178%1h319.17−0.113%$12K$18K20xas long as short
Pacifica TAO+0.0185%1h320.08+0.171%$379K$373K10xas long as short
Arcus TAO-USD+0.0201%1h319.93+0.125%$85K$545K5xas long as short
GRVT TAO_USDT_Perp+0.0210%4h321.55+0.634%$533K$958K10xas long as short
Paradex TAO-USD-PERP+0.0235%8h319.88+0.109%$15K$1K10xas long as short
Aster TAOUSDT+0.0237%4h319.23−0.093%$1.1M$8.1M50xas long as short
BloFin TAO-USDT+0.0340%4h320.32+0.247%$4.5M$10.9M100xas long as short
Polymarket Perps TAO-USD+0.0347%1h319.46−0.022%$94K$637K5xas long as short
Variational Omni TAOshort+0.0378%4h321.33+0.562%$5.6M$8.6M—
Bybit TAOUSDT+0.0468%4h318.71−0.257%$65.6M$131.2M50xas long as short
Kraken Futures PF_TAOUSD+0.0480%1h319.08−0.141%$5.7M$20.2M50xas long as short
Phoenix TAO+0.0525%1h322.20+0.836%$337K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h321.10+0.491%$23K$65212xas long as short
BingX TAO-USDT+0.0680%4h318.54−0.310%—$30.8M—as long as short
Reya TAORUSDPERP+0.0695%1h319.08−0.140%$367—20xas long as short
01 Exchange TAOUSD+0.0712%1h319.84+0.097%$3K$4K5xas long as short
Nado TAO-PERP+0.0774%1h319.20−0.103%$888K$2.0M10xas long as short
Backpack TAO_USDC_PERP+0.0902%1h318.63−0.282%$321K$820K10xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h320.59+0.332%$1.5M$6.1M50xas long as short
Extended TAO-USD+0.1104%1h320.25+0.226%$938K$2.2M25xas long as short
RISEx TAO/USDC+0.1141%1h319.72+0.060%$423K$595K5xas long as short
Lighter TAO+0.1520%1h319.31−0.067%$1.7M$5.9M5xas long as short
Hyperliquid TAO+0.2619%1h319.22−0.097%$103.9M$90.1M5xas long as short