Funding you earn now, next payment 04:00 UTC+0.0268%/8h= +29.4% APRnext payment +$1.34 per $10,000 · paid last 24h +0.007%
Price spread now: Variational Omni against Orderly+0.044%48s7-day average +0.039% · 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)+0.006%+$1 on $10k
+Price spread, last 4 days (all we have)−0.003%$0 · spread now +0.044%, 7d avg +0.039%
=Together, before fees+0.003%+ Points / potential airdropVariational Omni: Active · farm board$0 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: +$8 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.006% in total (about 0.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.34 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TAO_USDC | 315.02 | 0.0127 | pay 0.0064% / 4h | 3h 59m | $52K | $271K | 10x |
| Short | Variational Omni TAO | 315.16 | 0.0396 | get 0.0198% / 4h | 3h 59m | $5.7M | $9.9M | — |
Orderly PERP_TAO_USDC
Variational Omni TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Orderly. 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
- $56.38
- Price spread: +0.044% → +0.039%
- $0.58
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $50.96
- Costs to cover
- 0.060%
- Break-even
- 0.7 days
Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, 5 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 5 min ago | 3.19 bp | doesn't fit | 16.3 bp −$163 | doesn't fit | doesn't fit |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 314.89 | −0.042% | $126K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 314.61 | −0.132% | $20K | — | 150x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0056% | 1h | 314.96 | −0.021% | $5.5M | $20.6M | 50x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.98 | −0.013% | $43K | $659K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0098% | 8h | 314.86 | −0.051% | $2K | $800K | 5x | as long as short |
| Nado TAO-PERP | +0.0100% | 1h | 315.10 | +0.025% | $801K | $2.2M | 10x | as long as short |
| Hyperliquid TAO | +0.0100% | 1h | 315.18 | +0.052% | $92.7M | $106.7M | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 315.00 | −0.005% | $91.0M | $495.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 315.05 | +0.010% | $67.9M | $149.0M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.90 | −0.038% | $26.0M | $120.7M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Kraken Futures PF_TAOUSD
Popdex TAOUSDT
Katana Perps TAO-USD
Nado TAO-PERP
Hyperliquid TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAPShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | +0.0100% | 1h | 314.80 | −0.070% | $167K | $2K | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.80 | −0.070% | $13.0M | $49.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 314.77 | −0.079% | $100.9M | $143.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.83 | −0.060% | $17.8M | $31.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.75 | −0.086% | $35.2M | $56.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 315.20 | +0.057% | — | $32.9M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 315.12 | +0.031% | $42K | $313K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 315.30 | +0.089% | $535K | $969K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 315.19 | +0.054% | $46K | $255K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 314.80 | −0.070% | $77K | $863K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 314.86 | −0.050% | $12K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.89 | −0.041% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.70 | −0.102% | $110K | $535K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 314.90 | −0.038% | $3.2M | $8.1M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 315.09 | +0.021% | $173K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDClong | +0.0127% | 4h | 315.02 | long leg | $52K | $271K | 10x | |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0144% / S +0.0123% | 1h | 314.89 | −0.041% | $428K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0148% | 8h | 315.25 | +0.072% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0155% | 4h | 315.09 | +0.022% | $1.2M | $10.4M | 50x | as long as short |
| Extended TAO-USD | +0.0216% | 1h | 315.00 | −0.008% | $923K | $2.4M | 25x | as long as short |
| 01 Exchange TAOUSD | +0.0296% | 1h | 315.07 | +0.016% | $3K | $4K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 315.07 | +0.016% | $4.6M | $10.9M | 100x | as long as short |
| Arcus TAO-USD | +0.0345% | 1h | 315.47 | +0.143% | $101K | $440K | 5x | as long as short |
| Pacifica TAO | +0.0365% | 1h | 315.09 | +0.022% | $359K | $412K | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0365% | 1h | 314.90 | −0.038% | $313K | $913K | 10x | as long as short |
| Lighter TAO | +0.0384% | 1h | 315.34 | +0.103% | $1.5M | $6.4M | 5x | as long as short |
| Variational Omni TAOshort | +0.0396% | 4h | 315.16 | +0.044% | $5.7M | $9.9M | — | |
| Deribit TAO_USDC-PERPETUAL | +0.0455% | 1h | 315.11 | +0.028% | $22K | $1.7M | 25x | as long as short |
| Phoenix TAO | +0.0581% | 1h | 315.50 | +0.152% | $314K | $695K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 314.95 | −0.024% | $362 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 315.14 | +0.040% | $439K | $651K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 315.59 | +0.181% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4222% | 1h | 317.67 | +0.841% | $23K | $2K | 12x | as long as short |
Bulk TAO-USD
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Aster TAOUSDT
Extended TAO-USD
01 Exchange TAOUSD
BloFin TAO-USDT
Arcus TAO-USD
Pacifica TAO
Backpack TAO_USDC_PERP
Lighter TAO
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP