Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h +0.001%

Price spread now: Aevo against Variational Omni+1.281%7-day average −0.020% · you sell dearer than you buy

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

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.008%+$1 on $10k

Price spread, last 3 days (all we have)−1.263%−$126 · spread now +1.281%, 7d avg −0.020%

Together, before fees−1.256%+ Points / potential airdropVariational Omni: Active · farm board−$126 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aevo is 1.302% dearer against Variational Omni than usual: you sell high and buy low (spread +1.281% now, against its 7-day average of −0.020%): +$130 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 38 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TAO	312.31	0.0220	pay 0.0110% / 4h	2m 48s	$3.9M	$7.1M	—
Short	Aevo TAO-PERP	316.31	0.0104	get 0.0013% / 1h	2m 48s	$174K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

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

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee AevobpOrdersPrice spread, now +1.281%Rate

Funding earned: −$24.28
Price spread: +1.281% → −0.020%: $130.17
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: $89.9
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Aevo: live order book, 11 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 Variational Omni RFQ quote, 1 min ago	3.04 bp	doesn't fit	12.5 bp −$125	doesn't fit	doesn't fit
Sell Aevo live order book, 11 min ago	34.18 bp	50.6 bp −$51	doesn't fit	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	−0.2086%	1h	311.96	−0.113%	$167K	$47K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.75	+0.780%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.72	+1.091%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	315.12	+0.899%	$23K	$374	12x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.94	+1.161%	$39K	$567K	20x	as long as short
Pacifica TAO	+0.0100%	1h	315.35	+0.973%	$373K	$363K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.25	+0.941%	$89.4M	$431.2M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.63	+1.062%	$64.8M	$128.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.40	+0.988%	$25.4M	$103.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.20	+0.924%	$12.6M	$50.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	315.42	+0.995%	$111.4M	$132.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.41	+0.992%	$18.8M	$27.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.31	+0.960%	$35.2M	$47.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	315.44	+1.001%	—	$30.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	313.07	+0.242%	$41K	$281K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	312.90	+0.187%	$524K	$952K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	312.33	+0.005%	$47K	$268K	50x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.97	+1.171%	$12K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	315.91	+1.152%	$61K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.36	+0.976%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.16	+1.232%	$129K	$423K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.53	+1.030%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	316.31	+1.281%	$174K	$998	3x
Katana Perps TAO-USD	+0.0109%	8h	315.93	+1.158%	$1K	$575K	5x	as long as short
Polymarket Perps TAO-USD	+0.0111%	1h	316.19	+1.241%	$77K	$450K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0071%	1h	315.63	+1.061%	$450K	—	100x	as long as short
Arcus TAO-USD	+0.0186%	1h	316.39	+1.305%	$84K	$545K	5x	as long as short
Aster TAOUSDT	+0.0187%	4h	315.36	+0.974%	$1.1M	$7.9M	50x	as long as short
Paradex TAO-USD-PERP	+0.0198%	8h	316.64	+1.386%	$14K	$1K	10x	as long as short
Variational Omni TAOlong	+0.0220%	4h	312.31	long leg	$3.9M	$7.1M	—
BloFin TAO-USDT	+0.0340%	4h	315.59	+1.049%	$4.4M	$10.6M	100x	as long as short
Nado TAO-PERP	+0.0419%	1h	316.07	+1.205%	$858K	$2.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0445%	1h	315.65	+1.070%	$5.8M	$19.9M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0446%	1h	315.77	+1.108%	$25K	$1.5M	25x	as long as short
Phoenix TAO	+0.0537%	1h	315.70	+1.085%	$330K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0545%	1h	315.90	+1.149%	$297K	$804K	10x	as long as short
01 Exchange TAOUSD	+0.0592%	1h	316.12	+1.219%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	315.80	+1.116%	$363	—	20x	as long as short
Extended TAO-USD	+0.0880%	1h	315.28	+0.951%	$926K	$2.2M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	317.76	+1.744%	$1.5M	$5.9M	50x	as long as short
Lighter TAO	+0.1192%	1h	315.44	+1.000%	$1.6M	$5.8M	5x	as long as short
RISEx TAO/USDC	+0.1238%	1h	316.00	+1.182%	$418K	$585K	5x	as long as short
Hyperliquid TAO	+0.1589%	1h	315.91	+1.152%	$99.0M	$84.8M	5x	as long as short