TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0025%/8h= −2.7% APRnext payment −$0.12 per $10,000 · paid last 24h −0.043%

Price spread now: Variational Omni against Aster+0.107%7-day average −0.064% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.133%−$13 on $10k

Price spread, last 7 days−0.286%−$29 · spread now +0.107%, 7d avg −0.064%

Together, before fees−0.419%+ Points / potential airdropAster: Stage 5 · Variational Omni: Active · farm board−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.171% dearer against Aster than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of −0.064%): +$17 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 23 days. At the pace of the last 3 days (−0.133% in total) that is about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster TAOUSDT	304.74	0.0125	pay 0.0062% / 4h	1h 50m	$1.1M	$7.6M	50x
Short	Variational Omni TAO	305.07	0.0100	get 0.0050% / 4h	1h 50m	$3.6M	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 AsterbpFee Variational OmnibpOrdersPrice spread, now +0.107%Rate

Funding earned: −$5.15
Price spread: +0.107% → −0.064%: $17.09
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $3.94
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Aster: live order book, 3 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 3 min ago	1.14 bp	7.7 bp −$8	23.4 bp −$234	211.4 bp −$21.1K	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.88 bp	doesn't fit	20.7 bp −$207	doesn't fit	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	−0.0466%	1h	307.38	+0.866%	$202K	$17K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	304.37	−0.122%	$125K	$87K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	303.95	−0.260%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	304.74	−0.001%	$42K	$532K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	304.11	−0.206%	$85.4M	$409.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	304.24	−0.165%	$59.1M	$120.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	304.10	−0.211%	$24.5M	$94.3M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	305.02	+0.091%	$136K	$642K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	304.10	−0.211%	$12.1M	$48.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	304.12	−0.204%	$119.5M	$123.6M	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	304.62	−0.040%	$18.3M	$26.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	304.02	−0.237%	$34.1M	$45.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	304.18	−0.185%	—	$30.4M	—	as long as short
Variational Omni TAOshort	+0.0100%	4h	305.07	+0.107%	$3.6M	$6.6M	—
edgeX TAOUSDC	+0.0100%	4h	306.44	+0.556%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	306.54	+0.591%	$545K	$937K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	306.50	+0.577%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	304.76	+0.006%	$78K	$607K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	304.15	−0.194%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	304.11	−0.208%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	304.00	−0.244%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	304.72	−0.007%	$120K	$354K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	304.68	−0.020%	$3.2M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	304.23	−0.168%	$167K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	304.95	+0.068%	$2K	$485K	5x	as long as short
Aster TAOUSDTlong	+0.0125%	4h	304.74	long leg	$1.1M	$7.6M	50x
Paradex TAO-USD-PERP	+0.0157%	8h	304.42	−0.104%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	304.52	−0.073%	$360K	$369K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	303.98	−0.249%	$434K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0283%	1h	304.19	−0.181%	$22K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	304.89	+0.048%	$4.3M	$9.4M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0380%	1h	304.91	+0.055%	$377K	$756K	10x	as long as short
01 Exchange TAOUSD	+0.0432%	1h	304.97	+0.075%	$3K	$4K	5x	as long as short
Nado TAO-PERP	+0.0511%	1h	304.69	−0.016%	$836K	$1.9M	10x	as long as short
Phoenix TAO	+0.0521%	1h	307.40	+0.872%	$326K	$491K	5x	as long as short
Lighter TAO	+0.0584%	1h	304.61	−0.042%	$1.7M	$5.1M	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	304.20	−0.178%	$350	—	20x	as long as short
Extended TAO-USD	+0.0848%	1h	304.03	−0.234%	$888K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	305.27	+0.173%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1039%	1h	304.05	−0.226%	$5.8M	$19.8M	50x	as long as short
RISEx TAO/USDC	+0.1155%	1h	305.08	+0.110%	$411K	$545K	5x	as long as short
Hyperliquid TAO	+0.1477%	1h	305.03	+0.094%	$93.8M	$78.5M	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.309%	$22K	$264	12x	as long as short