Settings8H · net · $10k
Funding arb · Price arb /

TAO

all TAO markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0276%/8h= +30.2% APRnext payment +$1.38 per $10,000 · paid last 24h +0.042%
Price spread now: Variational Omni against Binance+0.150%7-day average +0.023% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.042%+$4 on $10k
Price spread, last 7 days−0.156%−$16 · spread now +0.150%, 7d avg +0.023%
Together, before fees−0.115%+ Points / potential airdropVariational Omni: Active · farm board−$11 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 0.127% dearer against Binance than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.023%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.042% in total (about 4.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.38 per $10,000. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance TAOUSDT318.370.0132pay 0.0066% / 4h2h 21m$93.5M$517.0M75x
ShortVariational Omni TAO318.850.0408get 0.0204% / 4h2h 21m$5.6M$9.8M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Binance. 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
$57.86
Price spread: +0.150% → +0.023%
$12.68
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$60.54
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Binance: live order book, 15 min ago; Variational Omni: RFQ quote, 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 Binance live order book, 15 min ago0.16 bp7.2 bp −$715.9 bp −$15939.2 bp −$3,917doesn't fit
Sell Variational Omni RFQ quote, 1 min ago2.87 bpdoesn't fit14.5 bp −$145doesn't fitdoesn't fit

TAO on 43 exchanges

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−0.1080%1h318.61+0.075%$169K$010xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0003%1h318.49+0.038%$20K150xas long as short
Popdex TAOUSDT+0.0096%1h318.60+0.072%$51K$634K20xas long as short
Bybit TAOUSDT+0.0100%4h318.39+0.006%$69.7M$155.7M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h318.30−0.023%$27.1M$129.6M50xas long as short
Gate TAO_USDT+0.0100%4h318.10−0.085%$15.7M$49.1M50xas long as short
KuCoin TAOUSDTM+0.0100%4h318.27−0.032%$17.7M$31.8M75xas long as short
Bitget TAOUSDT+0.0100%4h318.05−0.101%$36.1M$56.8M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h319.33+0.301%$45K$256K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h318.05−0.101%$81K$1.1M5xas long as short
Show all 43 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDT+0.0100%4h318.36−0.004%$1K$1.8M20xas long as short
HTX TAO-USDT+0.0100%4h318.18−0.060%$117K$557K20xas long as short
Phemex TAOUSDT+0.0100%4h318.29−0.026%$3.2M$8.1M50xas long as short
Katana Perps TAO-USD+0.0106%8h318.51+0.043%$2K$1.3M5xas long as short
Aevo TAO-PERP+0.0112%1h318.36−0.004%$175K$9983xas long as short
edgeX TAOUSDC+0.0128%4h319.40+0.323%$42K$323K10xas long as short
BingX TAO-USDT+0.0128%4h318.31−0.019%$39.0Mas long as short
MEXC TAO_USDT+0.0132%4h318.45+0.024%$110.8M$151.8M300xas long as short
Binance TAOUSDTlong+0.0132%4h318.37long leg$93.5M$517.0M75x
Paradex TAO-USD-PERP+0.0182%8h318.370.000%$14K$87610xas long as short
Extended TAO-USD+0.0216%1h318.21−0.051%$963K$2.1M25xas long as short
Orderly PERP_TAO_USDC+0.0248%4h318.29−0.026%$53K$263K10xas long as short
GRVT TAO_USDT_Perp+0.0256%4h318.62+0.079%$541K$814K10xas long as short
Pacifica TAO+0.0301%1h318.49+0.037%$372K$447K10xas long as short
Aster TAOUSDT+0.0306%4h318.36−0.004%$1.2M$11.3M50xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0361% / S −0.0107%1h317.97−0.125%$374K100xas long as short
Arcus TAO-USD+0.0364%1h318.89+0.163%$100K$329K5xas long as short
BloFin TAO-USDT+0.0368%4h318.84+0.147%$4.9M$10.6M100xas long as short
Bullet TAO-USD+0.0383%1h318.38+0.002%$12K$17K20xas long as short
Lighter TAO+0.0384%1h318.63+0.081%$1.6M$6.7M5xas long as short
Variational Omni TAOshort+0.0408%4h318.85+0.150%$5.6M$9.8M
Nado TAO-PERP+0.0443%1h318.51+0.044%$714K$2.0M10xas long as short
Deribit TAO_USDC-PERPETUAL+0.0553%1h318.23−0.046%$14K$1.9M25xas long as short
Phoenix TAO+0.0567%1h319.00+0.197%$321K$712K5xas long as short
dYdX TAO-USD+0.0640%1h318.34−0.010%$268K$235K5xas long as short
Backpack TAO_USDC_PERP+0.0665%1h318.72+0.109%$299K$1.1M10xas long as short
Kraken Futures PF_TAOUSD+0.0683%1h318.35−0.007%$6.2M$20.9M50xas long as short
Reya TAORUSDPERP+0.0699%1h318.90+0.165%$36720xas long as short
RISEx TAO/USDC+0.0701%1h318.50+0.041%$440K$704K5xas long as short
01 Exchange TAOUSD+0.0768%1h319.94+0.492%$3K$4K5xas long as short
Hyperliquid TAO+0.0801%1h318.53+0.050%$96.1M$108.2M5xas long as short
Coinbase International TAO-PERP-INTX+0.0832%1h318.47+0.031%$1.1M$7.7M50xas long as short
Injective TAO/USDC PERP+0.3320%1h322.26+1.221%$23K$2K12xas long as short