Funding you earn now, next payment 09:00 UTC+0.0250%/8h= +27.4% APRpaid last 24h −0.028%
Price spread now: Variational Omni against GMX+0.455%65s7-day average +0.059% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.312%−$31 on $10k
+Price spread, last 4 days (all we have)−0.795%−$79 · spread now +0.455%, 7d avg +0.059%
=Together, before fees−1.106%+ Points / potential airdropVariational Omni: Active · farm board−$111 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 0.397% dearer against GMX than usual: you sell high and buy low: +$40 more if the spread goes back to its 7-day average of +0.059%. Mind the row above: over the last 4 days funding on this pair cost −0.312%, so the current rate has only just turned in your favour. The two prices were read 65 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX TAO/USD [WBTC.b-USDC] | 317.85 | L +0.0366% / S −0.0109% | pay 0.0046% / 1h | 16m 16s | $377K | — | 100x |
| Short | Variational Omni TAO | 319.30 | 0.0616 | get 0.0308% / 4h | 3h 16m | $5.6M | $10.0M | — |
GMX TAO/USD [WBTC.b-USDC]
Variational Omni TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $52.51
- Price spread: +0.455% → +0.059%
- $39.65
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $80.16
- Costs to cover
- 0.120%
- Break-even
- from the start
Slippage unknown: GMX: no order-book sample; 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 GMX no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 3 min ago | 2.88 bp | doesn't fit | 21.1 bp −$211 | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0269% | 1h | 313.94 | −1.231% | $167K | $0 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 317.83 | −0.008% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 318.67 | +0.258% | $49K | $698K | 20x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 318.90 | +0.330% | $69.7M | $154.5M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.80 | +0.298% | $26.5M | $129.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.40 | +0.173% | $15.1M | $50.3M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.64 | +0.248% | $17.6M | $32.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.64 | +0.248% | $35.9M | $56.9M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 318.24 | +0.122% | $88K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 318.58 | +0.229% | $1K | $1.9M | 20x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 318.00 | +0.047% | $115K | $575K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 318.64 | +0.248% | $3.2M | $8.1M | 50x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 318.70 | +0.266% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0123% | 8h | 318.37 | +0.163% | $651 | $1.2M | 5x | as long as short |
| MEXC TAO_USDT | +0.0164% | 4h | 318.78 | +0.292% | $111.2M | $153.9M | 300x | as long as short |
| Binance TAOUSDT | +0.0165% | 4h | 318.77 | +0.290% | $92.8M | $519.5M | 75x | as long as short |
| edgeX TAOUSDC | +0.0166% | 4h | 319.20 | +0.423% | $42K | $322K | 10x | as long as short |
| BingX TAO-USDT | +0.0166% | 4h | 318.73 | +0.276% | — | $38.8M | — | as long as short |
| Orderly PERP_TAO_USDC | +0.0239% | 4h | 318.86 | +0.317% | $54K | $272K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0242% | 8h | 318.50 | +0.205% | $14K | $876 | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0293% | 1h | 319.06 | +0.380% | $45K | $254K | 50x | as long as short |
| Bullet TAO-USD | +0.0299% | 1h | 318.74 | +0.281% | $12K | $17K | 20x | as long as short |
| dYdX TAO-USD | +0.0329% | 1h | 318.20 | +0.110% | $128K | $87K | 5x | as long as short |
| Aster TAOUSDT | +0.0332% | 4h | 318.74 | +0.279% | $1.3M | $11.1M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0342% | 4h | 318.82 | +0.306% | $540K | $838K | 10x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 318.59 | +0.232% | $362K | $437K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0366% / S −0.0109% | 1h | 317.85 | long leg | $377K | — | 100x | |
| Arcus TAO-USD | +0.0404% | 1h | 318.89 | +0.327% | $101K | $340K | 5x | as long as short |
| BloFin TAO-USDT | +0.0405% | 4h | 318.17 | +0.100% | $4.7M | $10.9M | 100x | as long as short |
| Extended TAO-USD | +0.0432% | 1h | 318.74 | +0.279% | $888K | $2.2M | 25x | as long as short |
| Nado TAO-PERP | +0.0457% | 1h | 318.42 | +0.178% | $770K | $1.9M | 10x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 319.00 | +0.361% | $321K | $714K | 5x | as long as short |
| Hyperliquid TAO | +0.0603% | 1h | 318.96 | +0.349% | $94.5M | $109.5M | 5x | as long as short |
| Variational Omni TAOshort | +0.0616% | 4h | 319.30 | +0.455% | $5.6M | $10.0M | — | |
| Deribit TAO_USDC-PERPETUAL | +0.0625% | 1h | 318.86 | +0.318% | $9K | $1.8M | 25x | as long as short |
| Lighter TAO | +0.0656% | 1h | 319.11 | +0.396% | $1.6M | $6.7M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0664% | 1h | 319.24 | +0.437% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 317.89 | +0.012% | $366 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0742% | 1h | 318.20 | +0.110% | $315K | $1.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0780% | 1h | 318.98 | +0.355% | $6.1M | $21.1M | 50x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 318.19 | +0.106% | $452K | $706K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 319.66 | +0.569% | $1.1M | $7.4M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 317.77 | −0.026% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
MEXC TAO_USDT
Binance TAOUSDT
edgeX TAOUSDC
BingX TAO-USDT
Orderly PERP_TAO_USDC
Paradex TAO-USD-PERP
ApeX Omni TAOUSDT
Bullet TAO-USD
dYdX TAO-USD
Aster TAOUSDT
GRVT TAO_USDT_Perp
Pacifica TAO
Arcus TAO-USD
BloFin TAO-USDT
Extended TAO-USD
Nado TAO-PERP
Phoenix TAO
Hyperliquid TAO
Deribit TAO_USDC-PERPETUAL
Lighter TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP