TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0125%/8h= +13.7% APRnext payment +$0.62 per $10,000 · paid last 24h +0.021%

Price spread now: Variational Omni against GRVT+0.304%104s7-day average +0.048% · you sell dearer than you buy

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

Long on GRVT Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.021%+$2 on $10k

Price spread, last 4 days (all we have)−0.265%−$27 · spread now +0.304%, 7d avg +0.048%

Together, before fees−0.244%+ Points / potential airdropGRVT: Active · Variational Omni: Active · farm board−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Variational Omni is 0.257% dearer against GRVT than usual: you sell high and buy low: +$26 more if the spread goes back to its 7-day average of +0.048%. The two prices were read 104 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	GRVT TAO_USDT_Perp	312.68	0.0282	pay 0.0141% / 4h	2h 37m	$531K	$935K	10x
Short	Variational Omni TAO	313.63	0.0407	get 0.0203% / 4h	2h 37m	$5.5M	$10.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against GRVT. 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 GRVTbpFee Variational OmnibpOrdersPrice spread, now +0.304%Rate

Funding earned: $26.2
Price spread: +0.304% → +0.048%: $25.66
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $42.86
Costs to cover: 0.090%
Break-even: from the start

Slippage unknown: GRVT: live order book, 10 min ago; Variational Omni: RFQ quote, 1 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 GRVT live order book, 10 min ago	1.43 bp	9.2 bp −$9	19.0 bp −$190	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 1 min ago	2.88 bp	doesn't fit	19.6 bp −$196	43.9 bp −$4,387	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 −0.0003%	1h	312.85	+0.055%	$23K	—	150x	as long as short
dYdX TAO-USD	+0.0045%	1h	313.13	+0.145%	$125K	$85K	5x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	312.97	+0.094%	$1K	$898K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	313.65	+0.312%	$89.8M	$506.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.70	+0.328%	$26.2M	$121.9M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	314.32	+0.526%	$167K	$333	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.90	+0.072%	$13.8M	$50.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	313.68	+0.321%	$105.8M	$145.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.58	+0.289%	$17.3M	$31.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.26	+0.187%	$35.3M	$57.0M	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	313.60	+0.296%	$41K	$314K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.04	+0.117%	$89K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	312.89	+0.069%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	312.88	+0.066%	$110K	$546K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	313.32	+0.205%	$172K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0120%	4h	313.33	+0.209%	$52K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0131% / S +0.0138%	1h	312.86	+0.060%	$419K	—	100x	as long as short
Popdex TAOUSDT	+0.0152%	1h	313.09	+0.133%	$49K	$666K	20x	as long as short
Aster TAOUSDT	+0.0171%	4h	313.51	+0.267%	$1.3M	$10.5M	50x	as long as short
Pacifica TAO	+0.0233%	1h	313.62	+0.302%	$357K	$419K	10x	as long as short
Paradex TAO-USD-PERP	+0.0250%	8h	313.71	+0.329%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0261%	4h	313.38	+0.225%	$3.2M	$8.0M	50x	as long as short
Nado TAO-PERP	+0.0264%	1h	313.23	+0.177%	$769K	$2.2M	10x	as long as short
GRVT TAO_USDT_Perplong	+0.0282%	4h	312.68	long leg	$531K	$935K	10x
Kraken Futures PF_TAOUSD	+0.0304%	1h	313.67	+0.317%	$5.9M	$21.4M	50x	as long as short
Bullet TAO-USD	+0.0314%	1h	313.32	+0.206%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.14	+0.149%	$4.5M	$10.8M	100x	as long as short
Variational Omni TAOshort	+0.0407%	4h	313.63	+0.304%	$5.5M	$10.1M	—
BingX TAO-USDT	+0.0412%	4h	313.33	+0.209%	—	$33.6M	—	as long as short
Extended TAO-USD	+0.0424%	1h	313.33	+0.210%	$902K	$2.4M	25x	as long as short
Bybit TAOUSDT	+0.0440%	4h	313.69	+0.325%	$68.1M	$151.8M	50x	as long as short
Arcus TAO-USD	+0.0483%	1h	313.22	+0.174%	$101K	$370K	5x	as long as short
Phoenix TAO	+0.0513%	1h	314.00	+0.424%	$312K	$713K	5x	as long as short
ApeX Omni TAOUSDT	+0.0516%	1h	313.78	+0.353%	$44K	$257K	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0555%	1h	313.45	+0.249%	$9K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	313.19	+0.163%	$360	—	20x	as long as short
01 Exchange TAOUSD	+0.0752%	1h	313.33	+0.209%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0762%	1h	313.79	+0.357%	$91.7M	$108.6M	5x	as long as short
Lighter TAO	+0.0792%	1h	313.78	+0.355%	$1.5M	$6.6M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0792%	1h	313.61	+0.299%	$309K	$887K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	314.38	+0.545%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	312.98	+0.098%	$451K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	317.66	+1.594%	$23K	$2K	12x	as long as short