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 Gate+0.582%7-day average +0.040% · you sell dearer than you buy

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

Long on Gate 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−0.564%−$56 · spread now +0.582%, 7d avg +0.040%

Together, before fees−0.564%+ Points / potential airdropVariational Omni: Active · farm board−$56 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 0.542% dearer against Gate than usual: you sell high and buy low, +$54 on $10k if it goes back to its 7-day average of +0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	303.00	0.0100	pay 0.0050% / 4h	2h 51m	$12.0M	$47.3M	50x
Short	Variational Omni TAO	304.76	0.0100	get 0.0050% / 4h	2h 51m	$3.6M	$6.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Gate. 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 GatebpFee Variational OmnibpOrdersPrice spread, now +0.582%Rate

Funding earned: $0
Price spread: +0.582% → +0.040%: $54.22
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $39.22
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Gate: live order book, 2 min ago; Variational Omni: RFQ quote, 3 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 Gate live order book, 2 min ago	1.65 bp	21.6 bp −$22	39.3 bp −$393	47.6 bp −$4,756	85.3 bp −$42.6K
Sell Variational Omni RFQ quote, 3 min ago	2.88 bp	doesn't fit	17.1 bp −$171	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	−0.0973%	1h	304.87	+0.617%	$200K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	302.89	−0.036%	$127K	$89K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	303.68	+0.224%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.35	+0.116%	$38K	$523K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	303.13	+0.043%	$1.1M	$7.4M	50x	as long as short
Pacifica TAO	+0.0100%	1h	303.20	+0.067%	$354K	$405K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	303.13	+0.042%	$84.7M	$399.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	303.27	+0.089%	$57.8M	$117.5M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	303.10	+0.033%	$24.7M	$91.1M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	303.70	+0.231%	$135K	$591K	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDTlong	+0.0100%	4h	303.00	long leg	$12.0M	$47.3M	50x
MEXC TAO_USDT	+0.0100%	4h	303.12	+0.040%	$110.6M	$121.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	302.92	−0.026%	$18.0M	$26.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	303.08	+0.026%	$34.0M	$44.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	303.22	+0.073%	—	$30.5M	—	as long as short
Variational Omni TAOshort	+0.0100%	4h	304.76	+0.582%	$3.6M	$6.7M	—
edgeX TAOUSDC	+0.0100%	4h	303.81	+0.268%	$39K	$275K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.31	+0.102%	$531K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	304.80	+0.594%	$47K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	304.09	+0.360%	$82K	$668K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.95	+0.314%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.90	+0.297%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.86	+0.284%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.91	+0.300%	$120K	$351K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.78	+0.257%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.88	+0.292%	$167K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	303.23	+0.076%	$1K	$416K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0158%	1h	303.92	+0.303%	$16K	$1.3M	25x	as long as short
Nado TAO-PERP	+0.0160%	1h	303.75	+0.247%	$729K	$1.8M	10x	as long as short
Paradex TAO-USD-PERP	+0.0160%	8h	303.15	+0.049%	$14K	$992	10x	as long as short
Phoenix TAO	+0.0234%	1h	303.50	+0.165%	$321K	$462K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.24	+0.079%	$4.3M	$9.3M	100x	as long as short
01 Exchange TAOUSD	+0.0352%	1h	303.63	+0.208%	$3K	$4K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0464% / S −0.0175%	1h	303.70	+0.231%	$433K	—	100x	as long as short
Lighter TAO	+0.0536%	1h	303.39	+0.128%	$1.6M	$4.7M	5x	as long as short
Extended TAO-USD	+0.0584%	1h	303.25	+0.083%	$867K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	303.87	+0.288%	$349	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0905%	1h	303.78	+0.257%	$465K	$689K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	304.97	+0.650%	$1.5M	$5.3M	50x	as long as short
Hyperliquid TAO	+0.1008%	1h	303.56	+0.184%	$90.9M	$73.9M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1036%	1h	304.27	+0.420%	$6.2M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	303.61	+0.202%	$399K	$530K	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	311.91	+2.941%	$23K	$135	12x	as long as short