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

TAO

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC+0.0296%/8h= +32.4% APRpaid last 24h +0.007%
Price spread now: Variational Omni against OKX+0.369%7-day average +0.055% · 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 4 days (all we have)+0.007%+$1 on $10k
Price spread, last 7 days−0.354%−$35 · spread now +0.369%, 7d avg +0.055%
Together, before fees−0.347%+ Points / potential airdropVariational Omni: Active · farm board−$35 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Variational Omni is 0.314% dearer against OKX than usual: you sell high and buy low: +$31 more if the spread goes back to its 7-day average of +0.055%.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.007% in total (about 0.7% 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
LongOKX TAO-USDT-SWAP314.000.0100pay 0.0100% / 8h3h 56m$25.9M$120.4M50x
ShortVariational Omni TAO315.160.0396get 0.0198% / 4h3h 56m$5.7M$9.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against OKX. 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
$62.11
Price spread: +0.369% → +0.055%
$31.39
Slippage, 4 orders
no order book: not counted
Fee OKX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$83.51
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: OKX: live order book, 2 min ago; Variational Omni: RFQ quote, 2 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 OKX live order book, 2 min ago1.59 bp9.6 bp −$1017.3 bp −$17373.2 bp −$7,318doesn't fit
Sell Variational Omni RFQ quote, 2 min ago2.87 bpdoesn't fit19.3 bp −$193doesn'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
Kraken Futures PF_TAOUSD−0.0346%1h313.60−0.126%$5.5M$20.6M50xas long as short
dYdX TAO-USD0.0000%1h314.80+0.255%$126K$85K5xas long as short
Gate TAO_USDT+0.0004%4h313.50−0.159%$13.0M$49.2M50xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h313.91−0.028%$20K150xas long as short
Popdex TAOUSDT+0.0096%1h314.45+0.143%$43K$655K20xas long as short
Katana Perps TAO-USD+0.0098%8h314.12+0.038%$2K$801K5xas long as short
Hyperliquid TAO+0.0100%1h314.13+0.041%$92.3M$106.8M5xas long as short
Pacifica TAO+0.0100%1h315.02+0.325%$359K$412K10xas long as short
Binance TAOUSDT+0.0100%4h313.68−0.101%$90.6M$495.4M75xas long as short
Bybit TAOUSDT+0.0100%4h314.03+0.010%$67.6M$149.0M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX TAO-USDT-SWAPlong+0.0100%8h314.00long leg$25.9M$120.4M50x
Bulk TAO-USD+0.0100%1h314.80+0.255%$167K$2K10xas long as short
MEXC TAO_USDT+0.0100%4h313.80−0.064%$100.7M$143.5M300xas long as short
KuCoin TAOUSDTM+0.0100%4h313.55−0.143%$17.7M$31.7M75xas long as short
Bitget TAOUSDT+0.0100%4h313.39−0.194%$35.0M$56.5M50xas long as short
BingX TAO-USDT+0.0100%4h313.69−0.099%$32.9Mas long as short
edgeX TAOUSDC+0.0100%4h314.93+0.296%$42K$311K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h314.82+0.260%$534K$955K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h315.03+0.328%$46K$255K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h314.33+0.105%$77K$863K5xas long as short
Bullet TAO-USD+0.0100%1h314.25+0.079%$12K$18K20xas long as short
SunX TAO-USDT+0.0100%4h314.15+0.048%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h313.25−0.239%$109K$535K20xas long as short
Phemex TAOUSDT+0.0100%4h313.72−0.089%$3.2M$8.1M50xas long as short
Aevo TAO-PERP+0.0104%1h313.96−0.013%$172K$9983xas long as short
Deribit TAO_USDC-PERPETUAL+0.0122%1h313.65−0.112%$22K$1.7M25xas long as short
Orderly PERP_TAO_USDC+0.0125%4h313.87−0.041%$52K$271K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0143% / S +0.0124%1h313.90−0.032%$427K100xas long as short
Paradex TAO-USD-PERP+0.0146%8h314.85+0.270%$14K$1K10xas long as short
Aster TAOUSDT+0.0151%4h313.48−0.165%$1.2M$10.4M50xas long as short
Nado TAO-PERP+0.0161%1h314.50+0.160%$799K$2.2M10xas long as short
Extended TAO-USD+0.0200%1h313.79−0.066%$918K$2.4M25xas long as short
Arcus TAO-USD+0.0231%1h314.72+0.229%$101K$440K5xas long as short
01 Exchange TAOUSD+0.0320%1h314.42+0.134%$3K$4K5xas long as short
Backpack TAO_USDC_PERP+0.0326%1h313.30−0.223%$311K$914K10xas long as short
BloFin TAO-USDT+0.0340%4h313.29−0.226%$4.5M$10.8M100xas long as short
Lighter TAO+0.0352%1h313.71−0.092%$1.5M$6.4M5xas long as short
Variational Omni TAOshort+0.0396%4h315.16+0.369%$5.7M$9.9M
Phoenix TAO+0.0581%1h315.50+0.478%$314K$695K5xas long as short
Reya TAORUSDPERP+0.0697%1h314.37+0.118%$36220xas long as short
RISEx TAO/USDC+0.0816%1h314.37+0.119%$435K$653K5xas long as short
Coinbase International TAO-PERP-INTX+0.0952%1h315.26+0.401%$1.5M$6.7M50xas long as short
Injective TAO/USDC PERP+0.4092%1h317.67+1.169%$23K$2K12xas long as short