Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against BingX−0.265%7-day average +0.036% · you buy dearer than you sell

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

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.261%+$26 · spread now −0.265%, 7d avg +0.036%

Together, before fees+0.261%+ Points / potential airdropVariational Omni: Active · farm board+$26 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.301% cheaper against BingX than usual: you would sell low and buy high, −$30 on $10k if it goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	306.58	0.0100	pay 0.0050% / 4h	1h 12m	—	$30.3M	—
Short	Variational Omni TAO	305.77	0.0100	get 0.0050% / 4h	1h 12m	$3.7M	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against BingX. 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 BingXbpFee Variational OmnibpOrdersPrice spread, now −0.265%Rate

Funding earned: $0
Price spread: −0.265% → +0.036%: −$30.1
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$40.1
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 6 min ago; Variational Omni: RFQ quote, 2 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 BingX live order book, 6 min ago	1.14 bp	7.2 bp −$7	13.8 bp −$138	22.4 bp −$2,236	53.2 bp −$26.6K
Sell Variational Omni RFQ quote, 2 min ago	2.88 bp	doesn't fit	15.5 bp −$155	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	306.44	−0.045%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0014%	1h	306.24	−0.111%	$125K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	306.73	+0.049%	$45K	$539K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	306.57	−0.003%	$85.9M	$414.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	306.57	−0.003%	$59.4M	$121.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	306.40	−0.059%	$24.6M	$95.7M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	306.81	+0.075%	$80K	$643K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	302.77	−1.243%	$162K	$54K	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	306.40	−0.059%	$12.2M	$49.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	306.73	+0.049%	$113.9M	$125.9M	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	306.64	+0.020%	$18.3M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	306.51	−0.023%	$34.2M	$45.6M	50x	as long as short
BingX TAO-USDTlong	+0.0100%	4h	306.58	long leg	—	$30.3M	—
Variational Omni TAOshort	+0.0100%	4h	305.77	−0.265%	$3.7M	$6.7M	—
edgeX TAOUSDC	+0.0100%	4h	305.94	−0.209%	$40K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	305.70	−0.286%	$505K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	305.91	−0.219%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	306.79	+0.068%	$75K	$555K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	306.79	+0.067%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	306.40	−0.059%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	305.51	−0.349%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	305.86	−0.235%	$122K	$368K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	305.88	−0.228%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.87	−0.233%	$168K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	306.69	+0.036%	$627	$505K	5x	as long as short
Aster TAOUSDT	+0.0117%	4h	306.68	+0.032%	$1.1M	$7.7M	50x	as long as short
Paradex TAO-USD-PERP	+0.0153%	8h	306.50	−0.026%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	306.55	−0.010%	$362K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	306.40	−0.059%	$437K	—	100x	as long as short
Nado TAO-PERP	+0.0319%	1h	306.49	−0.030%	$827K	$1.9M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0321%	1h	305.91	−0.217%	$19K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	305.71	−0.284%	$4.2M	$9.5M	100x	as long as short
Lighter TAO	+0.0360%	1h	306.62	+0.014%	$1.6M	$5.4M	5x	as long as short
01 Exchange TAOUSD	+0.0408%	1h	306.94	+0.117%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0450%	1h	306.07	−0.166%	$294K	$800K	10x	as long as short
Phoenix TAO	+0.0521%	1h	306.30	−0.091%	$320K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	306.65	+0.023%	$353	—	20x	as long as short
Extended TAO-USD	+0.0720%	1h	306.55	−0.011%	$834K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	306.14	−0.144%	$1.5M	$5.5M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1032%	1h	305.97	−0.198%	$5.8M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1104%	1h	307.19	+0.200%	$93.6M	$80.7M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	306.82	+0.077%	$418K	$544K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+0.701%	$22K	$264	12x	as long as short