Funding you earn now, next payment 09:00 UTC+0.0516%/8h= +56.5% APRpaid last 24h +0.047%
Price spread now: Variational Omni against Popdex−0.244%46s7-day average +0.053% · 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)+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)+1.131%+$113 · spread now −0.244%, 7d avg +0.053%
=Together, before fees+1.181%+ Points / potential airdropVariational Omni: Active · farm board+$118 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.298% cheaper against Popdex than usual: you would sell low and buy high (spread −0.244% now, against its 7-day average of +0.053%). If the spread goes back, that is −$30 on $10k: about 46 hours of funding at the current rate (+$15 a day). At the pace of the last 4 days (+0.050% in total) that is about 22 days. The two prices were read 46 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 0.050% in total (about 4.9% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Popdex TAOUSDT | 319.52 | 0.0096 | pay 0.0012% / 1h | 13m 47s | $50K | $697K | 20x |
| Short | Variational Omni TAO | 318.74 | 0.0612 | get 0.0306% / 4h | 3h 13m | $5.6M | $9.9M | — |
Popdex TAOUSDT
Variational Omni TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Popdex. 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
- $108.45
- Price spread: −0.244% → +0.053%
- −$29.79
- Slippage, 4 orders
- no order book: not counted
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $72.25
- Costs to cover
- 0.064%
- Break-even
- 2.3 days
Slippage unknown: Popdex: live order book, 20 min ago; Variational Omni: RFQ quote, just now. 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 Popdex live order book, 20 min ago | 1.59 bp | 9.3 bp −$9 | 84.8 bp −$848 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, just now | 2.87 bp | doesn't fit | 17.5 bp −$175 | 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 | −1.746% | $167K | $0 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 319.24 | −0.089% | $20K | — | 150x | as long as short |
| Popdex TAOUSDTlong | +0.0096% | 1h | 319.52 | long leg | $50K | $697K | 20x | |
| Bybit TAOUSDT | +0.0100% | 4h | 319.29 | −0.072% | $69.8M | $153.9M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.20 | −0.100% | $26.5M | $129.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.50 | −0.319% | $15.1M | $50.3M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.79 | −0.228% | $17.6M | $32.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.94 | −0.182% | $35.9M | $56.7M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.24 | −0.088% | $88K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.22 | −0.094% | $2K | $1.9M | 20x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
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 | −0.172% | $116K | $539K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 319.33 | −0.059% | $3.2M | $8.1M | 50x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 319.45 | −0.020% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0121% | 8h | 319.39 | −0.041% | $1K | $1.2M | 5x | as long as short |
| Binance TAOUSDT | +0.0164% | 4h | 319.03 | −0.154% | $92.9M | $516.8M | 75x | as long as short |
| MEXC TAO_USDT | +0.0164% | 4h | 318.79 | −0.228% | $111.6M | $154.3M | 300x | as long as short |
| BingX TAO-USDT | +0.0166% | 4h | 319.18 | −0.106% | — | $38.8M | — | as long as short |
| edgeX TAOUSDC | +0.0168% | 4h | 318.13 | −0.435% | $42K | $322K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0241% | 8h | 319.47 | −0.016% | $14K | $876 | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0241% | 4h | 319.44 | −0.025% | $54K | $272K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0283% | 1h | 318.30 | −0.382% | $45K | $256K | 50x | as long as short |
| Bullet TAO-USD | +0.0297% | 1h | 319.44 | −0.026% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0333% | 4h | 319.22 | −0.093% | $1.3M | $11.1M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0342% | 4h | 318.82 | −0.218% | $540K | $838K | 10x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 319.34 | −0.058% | $362K | $437K | 10x | as long as short |
| dYdX TAO-USD | +0.0363% | 1h | 318.81 | −0.221% | $128K | $87K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0366% / S −0.0109% | 1h | 319.09 | −0.134% | $378K | — | 100x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 319.67 | +0.047% | $101K | $340K | 5x | as long as short |
| BloFin TAO-USDT | +0.0404% | 4h | 319.11 | −0.128% | $4.8M | $10.9M | 100x | as long as short |
| Extended TAO-USD | +0.0440% | 1h | 318.81 | −0.222% | $933K | $2.2M | 25x | as long as short |
| Nado TAO-PERP | +0.0454% | 1h | 319.43 | −0.029% | $771K | $1.9M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0512% | 1h | 319.44 | −0.024% | $9K | $1.8M | 25x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 319.00 | −0.163% | $321K | $714K | 5x | as long as short |
| Variational Omni TAOshort | +0.0612% | 4h | 318.74 | −0.244% | $5.6M | $9.9M | — | |
| Hyperliquid TAO | +0.0624% | 1h | 319.51 | −0.003% | $94.8M | $109.6M | 5x | as long as short |
| Lighter TAO | +0.0648% | 1h | 319.27 | −0.077% | $1.6M | $6.7M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 319.96 | +0.138% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 318.80 | −0.224% | $367 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0744% | 1h | 319.58 | +0.019% | $317K | $1.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0779% | 1h | 319.52 | +0.001% | $6.2M | $21.0M | 50x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 318.81 | −0.222% | $447K | $709K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.03 | +0.160% | $1.1M | $7.4M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 317.77 | −0.548% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Binance TAOUSDT
MEXC TAO_USDT
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