Funding you earn now, next payment 12:00 UTC+0.0512%/8h= +56.1% APRnext payment +$2.56 per $10,000 · paid last 24h +0.029%
Price spread now: Variational Omni against Phemex−0.185%7-day average +0.036% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.029%+$3 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now −0.185%, 7d avg +0.036%
=Together, before fees+0.166%+ Points / potential airdropVariational Omni: Active · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.221% cheaper against Phemex than usual: you would sell low and buy high (spread −0.185% now, against its 7-day average of +0.036%). If the spread goes back, that is −$22 on $10k: about 34 hours of funding at the current rate (+$15 a day). At the pace of the last 4 days (+0.029% in total) that is about 28 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.029% in total (about 2.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.56 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 | Phemex TAOUSDT | 319.33 | 0.0100 | pay 0.0050% / 4h | 3h 14m | $3.2M | $8.1M | 50x |
| Short | Variational Omni TAO | 318.74 | 0.0612 | get 0.0306% / 4h | 3h 14m | $5.6M | $9.9M | — |
Phemex TAOUSDT
Variational Omni TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phemex. 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
- $107.61
- Price spread: −0.185% → +0.036%
- −$22.1
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $73.51
- Costs to cover
- 0.120%
- Break-even
- 2.2 days
Slippage unknown: Phemex: live order book, 5 min ago; 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 Phemex live order book, 5 min ago | 5.81 bp | 17.4 bp −$17 | 46.8 bp −$468 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 5 min ago | 2.88 bp | doesn't fit | 21.1 bp −$211 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Bulk TAO-USD | −0.0269% | 1h | 313.94 | −1.688% | $167K | $0 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 319.24 | −0.029% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.52 | +0.059% | $50K | $697K | 20x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 319.52 | +0.059% | $69.9M | $153.8M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.40 | +0.022% | $26.6M | $129.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.30 | −0.009% | $15.2M | $50.3M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.50 | +0.053% | $17.6M | $32.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.28 | −0.016% | $36.0M | $56.7M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.24 | −0.028% | $88K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.22 | −0.034% | $2K | $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 | 318.97 | −0.113% | $116K | $539K | 20x | as long as short |
| Phemex TAOUSDTlong | +0.0100% | 4h | 319.33 | long leg | $3.2M | $8.1M | 50x | |
| Aevo TAO-PERP | +0.0120% | 1h | 319.45 | +0.039% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0121% | 8h | 319.39 | +0.019% | $1K | $1.2M | 5x | as long as short |
| MEXC TAO_USDT | +0.0164% | 4h | 319.32 | −0.003% | $111.8M | $154.2M | 300x | as long as short |
| Binance TAOUSDT | +0.0165% | 4h | 319.45 | +0.038% | $93.0M | $517.0M | 75x | as long as short |
| BingX TAO-USDT | +0.0166% | 4h | 319.42 | +0.028% | — | $38.8M | — | as long as short |
| edgeX TAOUSDC | +0.0168% | 4h | 318.13 | −0.376% | $42K | $322K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0241% | 8h | 319.47 | +0.043% | $14K | $876 | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0241% | 4h | 319.44 | +0.034% | $54K | $272K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0283% | 1h | 318.30 | −0.323% | $45K | $256K | 50x | as long as short |
| Bullet TAO-USD | +0.0297% | 1h | 319.44 | +0.033% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0333% | 4h | 319.25 | −0.024% | $1.3M | $11.1M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0342% | 4h | 318.82 | −0.159% | $540K | $838K | 10x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 319.34 | +0.002% | $362K | $437K | 10x | as long as short |
| dYdX TAO-USD | +0.0363% | 1h | 318.81 | −0.162% | $128K | $87K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0366% / S −0.0109% | 1h | 319.09 | −0.075% | $378K | — | 100x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 319.67 | +0.106% | $101K | $340K | 5x | as long as short |
| BloFin TAO-USDT | +0.0404% | 4h | 319.11 | −0.069% | $4.8M | $10.9M | 100x | as long as short |
| Extended TAO-USD | +0.0440% | 1h | 319.38 | +0.017% | $887K | $2.2M | 25x | as long as short |
| Nado TAO-PERP | +0.0454% | 1h | 319.43 | +0.031% | $771K | $1.9M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0512% | 1h | 319.44 | +0.035% | $9K | $1.8M | 25x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 319.00 | −0.103% | $321K | $714K | 5x | as long as short |
| Variational Omni TAOshort | +0.0612% | 4h | 318.74 | −0.185% | $5.6M | $9.9M | — | |
| Hyperliquid TAO | +0.0625% | 1h | 319.77 | +0.137% | $94.9M | $109.6M | 5x | as long as short |
| Lighter TAO | +0.0664% | 1h | 319.78 | +0.142% | $1.6M | $6.7M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 319.96 | +0.197% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 318.80 | −0.165% | $367 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0744% | 1h | 319.58 | +0.078% | $317K | $1.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0779% | 1h | 319.52 | +0.061% | $6.2M | $21.0M | 50x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 318.81 | −0.163% | $447K | $709K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.03 | +0.219% | $1.1M | $7.4M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 317.77 | −0.489% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Aevo TAO-PERP
Katana Perps TAO-USD
MEXC TAO_USDT
Binance TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
Paradex TAO-USD-PERP
Orderly PERP_TAO_USDC
ApeX Omni TAOUSDT
Bullet TAO-USD
Aster TAOUSDT
GRVT TAO_USDT_Perp
Pacifica TAO
dYdX TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Arcus TAO-USD
BloFin TAO-USDT
Extended TAO-USD
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
Hyperliquid TAO
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