Funding you earn now, next payment 22:00 UTC−0.0594%/8h= −65.1% APRpaid last 24h −0.177%
Price spread now: Variational Omni against Reya−0.762%55s7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropReya: Active · Variational Omni: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Variational Omni is 0.762% cheaper against Reya than usual: you would sell low and buy high (−$76 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 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 | Reya TAORUSDPERP | 308.25 | 0.0694 | pay 0.0087% / 1h | 22m 29s | $354 | — | 20x |
| Short | Variational Omni TAO | 305.90 | 0.0100 | get 0.0050% / 4h | 2h 22m | $3.6M | $6.5M | — |
Reya TAORUSDPERP
Variational Omni TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Reya. 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
- −$124.8
- Price spread: −0.762% → 0.000%
- −$76.19
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$206.98
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; 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 Reya no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 2 min ago | 2.88 bp | doesn't fit | 22.5 bp −$225 | doesn't fit | doesn't fit |
Reya: 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 | 306.98 | −0.410% | $129K | $84K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | 0.0000% | 1h | 307.77 | −0.155% | $15K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 307.76 | −0.157% | $26K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 307.31 | −0.304% | $41K | $530K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 307.16 | −0.354% | $363K | $401K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 307.28 | −0.312% | $85.8M | $404.0M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 307.51 | −0.239% | $59.4M | $118.4M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 307.60 | −0.210% | $25.3M | $93.3M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 307.57 | −0.220% | $137K | $598K | 5x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 307.07 | −0.382% | $201K | $57K | 10x | as long as short |
dYdX TAO-USD
Deribit TAO_USDC-PERPETUAL
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Bulk TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 307.10 | −0.372% | $12.2M | $48.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 307.31 | −0.304% | $114.1M | $124.0M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 307.12 | −0.366% | $18.5M | $26.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 307.16 | −0.353% | $34.4M | $44.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 307.18 | −0.346% | — | $30.4M | — | as long as short |
| Variational Omni TAOshort | +0.0100% | 4h | 305.90 | −0.762% | $3.6M | $6.5M | — | |
| edgeX TAOUSDC | +0.0100% | 4h | 305.13 | −1.013% | $39K | $276K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 305.16 | −1.003% | $535K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 304.90 | −1.086% | $46K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 308.34 | +0.030% | $78K | $675K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 308.06 | −0.060% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 307.87 | −0.123% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 307.76 | −0.158% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 307.88 | −0.119% | $121K | $353K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 307.36 | −0.288% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 308.00 | −0.079% | $169K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0112% | 8h | 307.46 | −0.256% | $879 | $438K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0163% | 8h | 307.04 | −0.392% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0166% | 4h | 307.30 | −0.307% | $1.1M | $7.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 307.80 | −0.146% | $440K | — | 100x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 307.30 | −0.307% | $325K | $462K | 5x | as long as short |
| Nado TAO-PERP | +0.0296% | 1h | 307.37 | −0.286% | $843K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 307.69 | −0.181% | $4.3M | $9.4M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0520% | 1h | 307.64 | −0.197% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERPlong | +0.0694% | 1h | 308.25 | long leg | $354 | — | 20x | |
| Extended TAO-USD | +0.0704% | 1h | 307.31 | −0.304% | $906K | $2.0M | 25x | as long as short |
| Lighter TAO | +0.0920% | 1h | 307.51 | −0.238% | $1.7M | $4.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 308.04 | −0.067% | $1.5M | $5.4M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1024% | 1h | 307.72 | −0.171% | $6.3M | $19.3M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 307.57 | −0.218% | $414K | $537K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.1116% | 1h | 307.34 | −0.294% | $444K | $715K | 10x | as long as short |
| Hyperliquid TAO | +0.1738% | 1h | 307.65 | −0.194% | $94.1M | $75.7M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 305.96 | −0.742% | $22K | $171 | 12x | as long as short |
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
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Paradex TAO-USD-PERP
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Phoenix TAO
Nado TAO-PERP
BloFin TAO-USDT
01 Exchange TAOUSD
Extended TAO-USD
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Backpack TAO_USDC_PERP
Hyperliquid TAO
Injective TAO/USDC PERP