TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0468%/8h= −51.3% APRpaid last 24h −0.216%

Price spread now: Variational Omni against Coinbase International−0.020%7-day average −0.137% · you buy dearer than you sell

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

Long on Coinbase International Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.452%−$45 on $10k

Price spread, last 3 days (all we have)−0.209%−$21 · spread now −0.020%, 7d avg −0.137%

Together, before fees−0.661%+ Points / potential airdropVariational Omni: Active · farm board−$66 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.117% dearer against Coinbase International than usual: you sell high and buy low (spread −0.020% now, against its 7-day average of −0.137%): +$12 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 20 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International TAO-PERP-INTX	316.73	0.0984	pay 0.0123% / 1h	14m 37s	$1.5M	$6.4M	50x
Short	Variational Omni TAO	316.67	0.0516	get 0.0258% / 4h	3h 14m	$5.5M	$8.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Coinbase International. 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 Coinbase InternationalbpFee Variational OmnibpOrdersPrice spread, now −0.020%Rate

Funding earned: −$98.3
Price spread: −0.020% → −0.137%: $11.71
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$96.59
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Coinbase International: live order book, 4 min ago; Variational Omni: RFQ quote, 5 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 Coinbase International live order book, 4 min ago	3.62 bp	8.6 bp −$9	18.5 bp −$185	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 5 min ago	2.88 bp	doesn't fit	24.7 bp −$247	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	−0.1821%	1h	318.67	+0.612%	$169K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.79	−0.297%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.43	−0.409%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.64	−0.028%	$42K	$597K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.57	−0.049%	$90.8M	$449.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.70	−0.009%	$25.7M	$109.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.10	−0.199%	$12.8M	$51.0M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.46	−0.085%	$109.7M	$136.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.90	−0.262%	$18.0M	$29.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.22	−0.161%	$35.2M	$51.2M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.20	+0.149%	$40K	$294K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.85	+0.036%	$525K	$958K	10x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.97	−0.239%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.86	−0.275%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.99	−0.234%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.19	−0.170%	$126K	$422K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.23	−0.158%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	316.39	−0.109%	$174K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	316.49	−0.076%	$1K	$633K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0161%	1h	315.95	−0.246%	$17K	$1.5M	25x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0173% / S +0.0096%	1h	315.56	−0.370%	$452K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	316.14	−0.186%	$375K	$375K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	316.82	+0.028%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0203%	4h	315.85	−0.279%	$1.2M	$8.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0231%	8h	316.08	−0.206%	$14K	$1K	10x	as long as short
ApeX Omni TAOUSDT	+0.0254%	1h	317.11	+0.120%	$49K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0269%	1h	316.31	−0.133%	$92K	$633K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.00	−0.230%	$4.5M	$10.7M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0485%	1h	316.09	−0.201%	$5.7M	$20.3M	50x	as long as short
Variational Omni TAOshort	+0.0516%	4h	316.67	−0.020%	$5.5M	$8.7M	—
Phoenix TAO	+0.0525%	1h	318.00	+0.401%	$333K	$624K	5x	as long as short
01 Exchange TAOUSD	+0.0560%	1h	316.88	+0.047%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	317.77	+0.328%	$23K	$802	12x	as long as short
BingX TAO-USDT	+0.0596%	4h	316.34	−0.123%	—	$30.5M	—	as long as short
Bybit TAOUSDT	+0.0662%	4h	316.84	+0.035%	$65.2M	$133.3M	50x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	316.13	−0.189%	$364	—	20x	as long as short
Nado TAO-PERP	+0.0782%	1h	316.05	−0.215%	$878K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0808%	1h	316.91	+0.057%	$320K	$816K	10x	as long as short
Coinbase International TAO-PERP-INTXlong	+0.0984%	1h	316.73	long leg	$1.5M	$6.4M	50x
Extended TAO-USD	+0.1128%	1h	316.44	−0.091%	$886K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	316.70	−0.008%	$419K	$593K	5x	as long as short
Lighter TAO	+0.1432%	1h	316.57	−0.051%	$1.6M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.1869%	1h	316.27	−0.145%	$101.3M	$91.8M	5x	as long as short