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 Bybit+0.076%7-day average +0.019% · you sell dearer than you buy

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

Long on Bybit 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−0.092%−$9 · spread now +0.076%, 7d avg +0.019%

Together, before fees−0.092%+ Points / potential airdropVariational Omni: Active · farm board−$9 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 0.057% dearer against Bybit than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.019%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit TAOUSDT	303.43	0.0100	pay 0.0050% / 4h	1h 37m	$58.7M	$120.8M	50x
Short	Variational Omni TAO	303.66	0.0100	get 0.0050% / 4h	1h 37m	$3.6M	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Bybit. 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 BybitbpFee Variational OmnibpOrdersPrice spread, now +0.076%Rate

Funding earned: $0
Price spread: +0.076% → +0.019%: $5.67
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$5.33
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 2 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 Bybit live order book, 2 min ago	0.17 bp	11.3 bp −$11	18.1 bp −$181	43.9 bp −$4,387	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	2.89 bp	doesn't fit	21.8 bp −$218	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	−0.0186%	1h	303.81	+0.125%	$162K	$54K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	303.16	−0.089%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	303.55	+0.038%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.45	+0.007%	$43K	$535K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	303.30	−0.043%	$85.0M	$411.6M	75x	as long as short
Bybit TAOUSDTlong	+0.0100%	4h	303.43	long leg	$58.7M	$120.8M	50x
OKX TAO-USDT-SWAP	+0.0100%	8h	303.30	−0.043%	$24.4M	$94.8M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	303.59	+0.053%	$79K	$642K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	303.20	−0.076%	$12.1M	$48.6M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	303.21	−0.073%	$110.2M	$124.8M	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	303.36	−0.023%	$18.3M	$27.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	303.07	−0.119%	$33.9M	$45.9M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	303.32	−0.036%	—	$30.3M	—	as long as short
Variational Omni TAOshort	+0.0100%	4h	303.66	+0.076%	$3.6M	$6.7M	—
edgeX TAOUSDC	+0.0100%	4h	303.48	+0.015%	$39K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.75	+0.104%	$502K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.30	−0.043%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	303.40	−0.010%	$77K	$600K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.32	−0.036%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.74	+0.102%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.41	−0.007%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.89	+0.152%	$122K	$363K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.43	0.000%	$3.2M	$7.8M	50x	as long as short
Aster TAOUSDT	+0.0102%	4h	303.24	−0.063%	$1.1M	$7.7M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.85	+0.138%	$167K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	303.31	−0.040%	$2K	$490K	5x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	303.28	−0.050%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	303.31	−0.041%	$358K	$371K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	303.54	+0.037%	$433K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0237%	1h	303.67	+0.079%	$22K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.16	−0.089%	$4.2M	$9.3M	100x	as long as short
Lighter TAO	+0.0376%	1h	303.40	−0.010%	$1.6M	$5.3M	5x	as long as short
Nado TAO-PERP	+0.0381%	1h	303.22	−0.070%	$818K	$1.9M	10x	as long as short
01 Exchange TAOUSD	+0.0400%	1h	303.75	+0.105%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0419%	1h	303.76	+0.109%	$378K	$757K	10x	as long as short
Phoenix TAO	+0.0521%	1h	304.10	+0.221%	$322K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	303.15	−0.094%	$349	—	20x	as long as short
Extended TAO-USD	+0.0840%	1h	303.34	−0.031%	$835K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	304.24	+0.267%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1041%	1h	303.49	+0.021%	$5.7M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1105%	1h	303.55	+0.040%	$92.1M	$80.3M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	303.53	+0.032%	$409K	$544K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.747%	$22K	$264	12x	as long as short