Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Variational Omni−0.111%58s7-day average −0.030% · you buy dearer than you sell

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 3 days (all we have)+0.100%+$10 · spread now −0.111%, 7d avg −0.030%

Together, before fees+0.101%+ Points / potential airdropVariational Omni: Active · farm board+$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.081% cheaper against Variational Omni than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.030%. The two prices were read 58 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	Variational Omni TAO	307.53	0.0100	pay 0.0050% / 4h	2h 26m	$3.6M	$6.5M	—
Short	ApeX Omni TAOUSDT	307.19	0.0100	get 0.0013% / 1h	26m 33s	$46K	$267K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Variational Omni. 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 Variational OmnibpFee ApeX OmnibpOrdersPrice spread, now −0.111%Rate

Funding earned: $0
Price spread: −0.111% → −0.030%: −$8.07
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$18.07
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; ApeX Omni: live order book, 60 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, 3 min ago	3.05 bp	doesn't fit	16.5 bp −$165	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 60 min ago	4.65 bp	12.9 bp −$13	115.0 bp −$1,150	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
dYdX TAO-USD	0.0000%	1h	305.59	−0.632%	$128K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	304.95	−0.840%	$19K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0041%	1h	305.12	−0.785%	$15K	$1.3M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	305.13	−0.781%	$42K	$526K	20x	as long as short
Pacifica TAO	+0.0100%	1h	305.58	−0.635%	$361K	$401K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	305.26	−0.739%	$85.4M	$403.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	305.51	−0.657%	$59.0M	$118.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	305.40	−0.693%	$25.1M	$92.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	305.69	−0.599%	$137K	$596K	5x	as long as short
Bulk TAO-USD	+0.0100%	1h	307.07	−0.150%	$201K	$57K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	305.60	−0.628%	$12.2M	$48.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	305.64	−0.615%	$113.5M	$123.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	305.35	−0.709%	$18.4M	$26.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	305.28	−0.732%	$34.2M	$44.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	305.34	−0.713%	—	$30.4M	—	as long as short
Variational Omni TAOlong	+0.0100%	4h	307.53	long leg	$3.6M	$6.5M	—
edgeX TAOUSDC	+0.0100%	4h	307.34	−0.063%	$40K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	307.77	+0.077%	$539K	$967K	10x	as long as short
ApeX Omni TAOUSDTshort	+0.0100%	1h	307.19	−0.111%	$46K	$267K	50x
Polymarket Perps TAO-USD	+0.0100%	1h	305.63	−0.618%	$86K	$667K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	305.77	−0.573%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	305.03	−0.813%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	304.95	−0.839%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	305.02	−0.817%	$120K	$352K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	304.80	−0.888%	$3.2M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	305.17	−0.766%	$168K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	305.35	−0.709%	$873	$434K	5x	as long as short
Aster TAOUSDT	+0.0145%	4h	305.36	−0.706%	$1.1M	$7.5M	50x	as long as short
Paradex TAO-USD-PERP	+0.0162%	8h	305.66	−0.608%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	304.92	−0.848%	$435K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	305.60	−0.628%	$324K	$462K	5x	as long as short
Nado TAO-PERP	+0.0307%	1h	305.26	−0.739%	$833K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	305.11	−0.787%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0512%	1h	305.41	−0.690%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	305.51	−0.657%	$351	—	20x	as long as short
Extended TAO-USD	+0.0696%	1h	305.32	−0.718%	$897K	$2.0M	25x	as long as short
Lighter TAO	+0.0912%	1h	306.19	−0.435%	$1.6M	$4.8M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	306.30	−0.400%	$1.5M	$5.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1033%	1h	305.22	−0.752%	$6.3M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	305.35	−0.709%	$408K	$535K	5x	as long as short
Backpack TAO_USDC_PERP	+0.1193%	1h	305.16	−0.771%	$441K	$715K	10x	as long as short
Hyperliquid TAO	+0.1713%	1h	306.03	−0.488%	$93.4M	$76.0M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	305.96	−0.511%	$22K	$171	12x	as long as short