Settings8H · net · $10k
Funding arb · Price arb /

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0344%/8h= +37.7% APRpaid last 24h −0.061%
Price spread now: Variational Omni against Nado+0.114%7-day average +0.007% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.072%−$7 on $10k
Price spread, last 7 days−0.106%−$11 · spread now +0.114%, 7d avg +0.007%
Together, before fees−0.179%+ Points / potential airdropNado: Active · Variational Omni: Active · farm board−$18 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Variational Omni is 0.107% dearer against Nado than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.007%. Mind the row above: over the last 3 days funding on this pair cost −0.072%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.072% in total (about -7.9% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongNado TAO-PERP314.560.0197pay 0.0025% / 1h26m 14s$800K$2.2M10x
ShortVariational Omni TAO314.920.0541get 0.0271% / 4h26m 14s$5.7M$10.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Nado. 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

Funding earned
$72.26
Price spread: +0.114% → +0.007%
$10.68
Slippage, 4 orders
no order book: not counted
Fee Nado: 3.5 bp × 2 orders
−$7
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$75.95
Costs to cover
0.070%
Break-even
from the start
Slippage unknown: Nado: live order book, 3 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
LegHalf-spread$10k$100k$1M$5M
Buy Nado live order book, 3 min ago0.79 bp7.9 bp −$818.9 bp −$189doesn't fitdoesn't fit
Sell Variational Omni RFQ quote, 3 min ago3.20 bpdoesn't fit18.7 bp −$187doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX TAO-USD0.0000%1h313.52−0.331%$125K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h314.21−0.112%$20K150xas long as short
Kraken Futures PF_TAOUSD+0.0057%1h314.33−0.075%$5.5M$20.7M50xas long as short
Popdex TAOUSDT+0.0096%1h314.37−0.061%$43K$668K20xas long as short
Katana Perps TAO-USD+0.0098%8h314.25−0.099%$643$795K5xas long as short
Binance TAOUSDT+0.0100%4h314.48−0.025%$90.8M$494.1M75xas long as short
Bybit TAOUSDT+0.0100%4h314.51−0.017%$67.9M$148.5M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h314.40−0.052%$25.9M$120.1M50xas long as short
Gate TAO_USDT+0.0100%4h314.10−0.147%$12.9M$50.0M50xas long as short
MEXC TAO_USDT+0.0100%4h314.35−0.068%$110.2M$143.9M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h314.14−0.134%$17.6M$31.7M75xas long as short
Bitget TAOUSDT+0.0100%4h314.29−0.087%$35.1M$56.4M50xas long as short
BingX TAO-USDT+0.0100%4h314.09−0.150%$32.9Mas long as short
edgeX TAOUSDC+0.0100%4h314.75+0.060%$42K$313K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h314.89+0.105%$521K$955K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h316.07+0.479%$46K$254K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h314.26−0.096%$76K$859K5xas long as short
Bullet TAO-USD+0.0100%1h314.33−0.074%$12K$18K20xas long as short
SunX TAO-USDT+0.0100%4h314.33−0.074%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h313.74−0.261%$109K$534K20xas long as short
Phemex TAOUSDT+0.0100%4h314.40−0.052%$3.2M$8.1M50xas long as short
Aevo TAO-PERP+0.0104%1h314.43−0.043%$173K$9983xas long as short
Orderly PERP_TAO_USDC+0.0131%4h314.29−0.087%$57K$275K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0148% / S +0.0125%1h314.18−0.120%$419K100xas long as short
Paradex TAO-USD-PERP+0.0169%8h314.23−0.105%$14K$1K10xas long as short
Aster TAOUSDT+0.0193%4h314.48−0.025%$1.2M$10.3M50xas long as short
Nado TAO-PERPlong+0.0197%1h314.56long leg$800K$2.2M10x
Extended TAO-USD+0.0216%1h314.29−0.086%$922K$2.4M25xas long as short
Deribit TAO_USDC-PERPETUAL+0.0232%1h314.35−0.066%$48K$1.7M25xas long as short
Hyperliquid TAO+0.0248%1h314.70+0.044%$92.6M$106.4M5xas long as short
Bulk TAO-USD+0.0285%1h315.07+0.161%$167K$2K10xas long as short
01 Exchange TAOUSD+0.0288%1h314.49−0.023%$3K$4K5xas long as short
Lighter TAO+0.0312%1h314.60+0.013%$1.5M$6.5M5xas long as short
BloFin TAO-USDT+0.0340%4h314.79+0.072%$4.5M$10.9M100xas long as short
Arcus TAO-USD+0.0345%1h314.59+0.009%$99K$438K5xas long as short
Backpack TAO_USDC_PERP+0.0347%1h314.39−0.055%$315K$913K10xas long as short
Pacifica TAO+0.0365%1h313.88−0.216%$358K$412K10xas long as short
Variational Omni TAOshort+0.0541%4h314.92+0.114%$5.7M$10.0M
Phoenix TAO+0.0581%1h316.30+0.552%$315K$697K5xas long as short
Reya TAORUSDPERP+0.0697%1h314.51−0.015%$36220xas long as short
RISEx TAO/USDC+0.0991%1h314.36−0.064%$435K$651K5xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h314.58+0.006%$1.5M$6.7M50xas long as short
Injective TAO/USDC PERP+0.4222%1h318.85+1.363%$23K$2K12xas long as short