Funding you earn now, next payment 22:00 UTC−0.0417%/8h= −45.6% APRpaid last 24h −0.081%
Price spread now: Variational Omni against Phoenix−0.087%84s7-day average −0.061% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.239%−$24 on $10k
+Price spread, last 3 days (all we have)+0.153%+$15 · spread now −0.087%, 7d avg −0.061%
=Together, before fees−0.086%+ Points / potential airdropVariational Omni: Active · farm board−$9 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Variational Omni is 0.026% cheaper against Phoenix than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.061%). Swap the legs. The two prices were read 84 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 | Phoenix TAO | 303.80 | 0.0521 | pay 0.0065% / 1h | 22m 02s | $322K | $491K | 5x |
| Short | Variational Omni TAO | 303.54 | 0.0104 | get 0.0052% / 4h | 1h 22m | $3.7M | $6.7M | — |
Phoenix TAO
Variational Omni TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phoenix. 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
- −$87.52
- Price spread: −0.087% → −0.061%
- −$2.55
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$97.07
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 60 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Phoenix live order book, 60 min ago | 3.24 bp | 12.2 bp −$12 | 21.1 bp −$211 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 2 min ago | 2.89 bp | doesn't fit | 18.4 bp −$184 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 305.94 | +0.706% | $26K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0017% | 1h | 305.38 | +0.520% | $125K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 305.94 | +0.704% | $44K | $539K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 306.28 | +0.816% | $85.7M | $414.5M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 306.28 | +0.816% | $59.2M | $121.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 306.20 | +0.790% | $24.6M | $95.7M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 306.11 | +0.760% | $79K | $643K | 5x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 303.38 | −0.140% | $162K | $54K | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 305.90 | +0.691% | $12.2M | $49.0M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 306.06 | +0.744% | $112.2M | $125.4M | 300x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Bulk TAO-USD
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 306.14 | +0.770% | $18.3M | $27.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 306.05 | +0.741% | $34.2M | $46.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 306.07 | +0.747% | — | $30.4M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 303.93 | +0.043% | $39K | $278K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 304.26 | +0.151% | $503K | $967K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 306.18 | +0.783% | $75K | $567K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 306.07 | +0.748% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 305.98 | +0.718% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 305.90 | +0.691% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 305.88 | +0.685% | $121K | $367K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 305.99 | +0.721% | $3.2M | $7.9M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0103% | 1h | 303.74 | −0.020% | $46K | $269K | 50x | as long as short |
| Variational Omni TAOshort | +0.0104% | 4h | 303.54 | −0.087% | $3.7M | $6.7M | — | |
| Aevo TAO-PERP | +0.0104% | 1h | 306.13 | +0.767% | $168K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 305.87 | +0.681% | $1K | $506K | 5x | as long as short |
| Aster TAOUSDT | +0.0121% | 4h | 306.31 | +0.826% | $1.1M | $7.7M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0160% | 8h | 305.95 | +0.707% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 305.78 | +0.650% | $361K | $372K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 305.86 | +0.677% | $437K | — | 100x | as long as short |
| Nado TAO-PERP | +0.0318% | 1h | 305.86 | +0.679% | $825K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 305.87 | +0.681% | $4.2M | $9.5M | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0360% | 1h | 306.06 | +0.744% | $20K | $1.4M | 25x | as long as short |
| Lighter TAO | +0.0408% | 1h | 306.21 | +0.794% | $1.6M | $5.3M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0416% | 1h | 306.24 | +0.803% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0468% | 1h | 306.26 | +0.810% | $295K | $799K | 10x | as long as short |
| Phoenix TAOlong | +0.0521% | 1h | 303.80 | long leg | $322K | $491K | 5x | |
| Reya TAORUSDPERP | +0.0695% | 1h | 306.05 | +0.740% | $352 | — | 20x | as long as short |
| Extended TAO-USD | +0.0816% | 1h | 306.01 | +0.728% | $829K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 306.39 | +0.853% | $1.5M | $5.6M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1032% | 1h | 306.08 | +0.751% | $5.8M | $19.6M | 50x | as long as short |
| Hyperliquid TAO | +0.1078% | 1h | 306.50 | +0.889% | $93.1M | $80.4M | 5x | as long as short |
| RISEx TAO/USDC | +0.1155% | 1h | 306.10 | +0.755% | $417K | $544K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +1.623% | $22K | $264 | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
ApeX Omni TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Nado TAO-PERP
BloFin TAO-USDT
Deribit TAO_USDC-PERPETUAL
Lighter TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
Hyperliquid TAO
RISEx TAO/USDC
Injective TAO/USDC PERP