Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0536%/8h= −58.7% APRpaid last 24h −0.158%

Price spread now: Variational Omni against RISEx+0.199%7-day average +0.032% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on RISEx Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.471%−$47 on $10k

Price spread, last 4 days (all we have)−0.398%−$40 · spread now +0.199%, 7d avg +0.032%

Together, before fees−0.869%+ Points / potential airdropVariational Omni: Active · farm board−$87 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.167% dearer against RISEx than usual: you sell high and buy low (spread +0.199% now, against its 7-day average of +0.032%): +$17 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx TAO/USDC	319.41	0.1077	pay 0.0135% / 1h	30m 37s	$457K	$666K	5x
Short	Variational Omni TAO	320.05	0.0541	get 0.0270% / 4h	1h 30m	$5.7M	$10.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against RISEx. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee RISExbpFee Variational OmnibpOrdersPrice spread, now +0.199%Rate

Funding earned: −$112.61
Price spread: +0.199% → +0.032%: $16.74
Slippage, 4 orders: no order book: not counted
Fee RISEx: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$101.87
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: RISEx: live order book, 13 min ago; Variational Omni: RFQ quote, 4 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 RISEx live order book, 13 min ago	1.09 bp	4.1 bp −$4	25.4 bp −$254	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.87 bp	doesn't fit	24.7 bp −$247	92.5 bp −$9,249	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	−0.1995%	1h	319.47	+0.018%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.13	−0.088%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.23	−0.058%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.54	+0.040%	$42K	$706K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.40	−0.004%	$26.7M	$129.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.10	−0.098%	$14.2M	$51.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.62	+0.065%	$17.9M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.05	−0.113%	$35.9M	$58.4M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.35	+0.294%	$45K	$259K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.74	+0.103%	$100K	$1.2M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	319.40	−0.004%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.25	−0.051%	$119K	$590K	20x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	319.22	−0.060%	$1K	$1.0M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0118% / S +0.0149%	1h	319.56	+0.046%	$427K	—	100x	as long as short
Aevo TAO-PERP	+0.0120%	1h	319.75	+0.106%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0121%	4h	319.73	+0.099%	$53K	$292K	10x	as long as short
edgeX TAOUSDC	+0.0161%	4h	320.34	+0.291%	$42K	$318K	10x	as long as short
MEXC TAO_USDT	+0.0168%	4h	319.22	−0.060%	$105.5M	$150.0M	300x	as long as short
Binance TAOUSDT	+0.0170%	4h	319.49	+0.023%	$92.5M	$529.1M	75x	as long as short
Paradex TAO-USD-PERP	+0.0263%	8h	319.31	−0.031%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0296%	4h	319.74	+0.103%	$3.3M	$8.1M	50x	as long as short
Aster TAOUSDT	+0.0332%	4h	319.30	−0.035%	$1.3M	$10.9M	50x	as long as short
Bybit TAOUSDT	+0.0338%	4h	319.53	+0.037%	$69.9M	$156.2M	50x	as long as short
BingX TAO-USDT	+0.0350%	4h	319.34	−0.023%	—	$34.5M	—	as long as short
Bullet TAO-USD	+0.0390%	1h	319.97	+0.175%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0396%	4h	320.22	+0.252%	$545K	$940K	10x	as long as short
BloFin TAO-USDT	+0.0409%	4h	319.67	+0.081%	$4.7M	$11.1M	100x	as long as short
Extended TAO-USD	+0.0464%	1h	319.30	−0.036%	$916K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	319.41	−0.001%	$364K	$423K	10x	as long as short
Variational Omni TAOshort	+0.0541%	4h	320.05	+0.199%	$5.7M	$10.2M	—
Phoenix TAO	+0.0567%	1h	319.20	−0.066%	$318K	$709K	5x	as long as short
Nado TAO-PERP	+0.0575%	1h	319.97	+0.174%	$799K	$2.1M	10x	as long as short
Hyperliquid TAO	+0.0621%	1h	319.88	+0.146%	$94.5M	$110.3M	5x	as long as short
01 Exchange TAOUSD	+0.0632%	1h	319.76	+0.109%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	319.92	+0.159%	$103K	$394K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0695%	1h	319.64	+0.071%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.77	+0.112%	$368	—	20x	as long as short
Lighter TAO	+0.0784%	1h	319.80	+0.121%	$1.5M	$6.7M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0787%	1h	319.73	+0.099%	$16K	$1.9M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	319.89	+0.150%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDClong	+0.1077%	1h	319.41	long leg	$457K	$666K	5x
Kraken Futures PF_TAOUSD	+0.1154%	1h	319.77	+0.113%	$6.0M	$21.8M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	323.44	+1.261%	$24K	$2K	12x	as long as short