TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0094%/8h= −10.3% APRnext payment −$0.47 per $10,000 · paid last 24h −0.003%

Price spread now: Bitget against Variational Omni−0.314%7-day average −0.035% · you buy dearer than you sell

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

Long on Variational Omni Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 7 days+0.373%+$37 · spread now −0.314%, 7d avg −0.035%

Together, before fees+0.370%+ Points / potential airdropVariational Omni: Active · farm board+$37 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.279% cheaper against Variational Omni than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of −0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TAO	314.76	0.0194	pay 0.0097% / 4h	31m 49s	$4.0M	$7.0M	—
Short	Bitget TAOUSDT	313.77	0.0100	get 0.0050% / 4h	31m 49s	$35.0M	$46.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.314%Rate

Funding earned: −$19.8
Price spread: −0.314% → −0.035%: −$27.9
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$59.71
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Bitget: live order book, 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 Variational Omni RFQ quote, 2 min ago	2.86 bp	doesn't fit	13.4 bp −$134	doesn't fit	doesn't fit
Sell Bitget live order book, 2 min ago	0.64 bp	9.2 bp −$9	19.4 bp −$194	32.5 bp −$3,245	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	−0.4478%	1h	313.97	−0.251%	$168K	$48K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.86	+0.032%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.96	−0.255%	$21K	—	150x	as long as short
Injective TAO/USDC PERP	+0.0033%	1h	314.95	+0.061%	$23K	$361	12x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0075%	1h	314.16	−0.189%	$25K	$1.5M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.07	−0.219%	$34K	$563K	20x	as long as short
Pacifica TAO	+0.0100%	1h	315.06	+0.096%	$373K	$369K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.09	−0.214%	$89.2M	$425.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.24	−0.165%	$61.7M	$124.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.90	−0.273%	$25.3M	$101.5M	50x	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	314.00	−0.241%	$12.8M	$49.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.17	−0.187%	$110.5M	$129.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.25	−0.162%	$18.9M	$27.7M	75x	as long as short
Bitget TAOUSDTshort	+0.0100%	4h	313.77	−0.314%	$35.0M	$46.4M	50x
BingX TAO-USDT	+0.0100%	4h	314.10	−0.209%	—	$30.2M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.20	−0.176%	$41K	$280K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.97	−0.252%	$521K	$956K	10x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.21	−0.174%	$11K	$17K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	314.20	−0.178%	$60K	$275K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.10	−0.209%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.87	+0.035%	$127K	$400K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.19	−0.181%	$3.4M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.30	−0.144%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	314.22	−0.171%	$1K	$546K	5x	as long as short
Polymarket Perps TAO-USD	+0.0133%	1h	314.26	−0.158%	$77K	$489K	5x	as long as short
Arcus TAO-USD	+0.0186%	1h	314.59	−0.054%	$83K	$606K	5x	as long as short
Variational Omni TAOlong	+0.0194%	4h	314.76	long leg	$4.0M	$7.0M	—
Paradex TAO-USD-PERP	+0.0197%	8h	315.18	+0.135%	$14K	$1K	10x	as long as short
ApeX Omni TAOUSDT	+0.0205%	1h	315.19	+0.137%	$47K	$267K	50x	as long as short
Aster TAOUSDT	+0.0215%	4h	314.20	−0.176%	$1.1M	$7.9M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.81	+0.334%	$4.4M	$10.4M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0448%	1h	313.93	−0.264%	$5.7M	$19.9M	50x	as long as short
Nado TAO-PERP	+0.0454%	1h	314.15	−0.194%	$831K	$2.0M	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0477% / S −0.0175%	1h	313.81	−0.301%	$450K	—	100x	as long as short
Phoenix TAO	+0.0537%	1h	315.20	+0.140%	$330K	$521K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0551%	1h	314.37	−0.124%	$298K	$801K	10x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	314.37	−0.124%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	314.06	−0.222%	$361	—	20x	as long as short
Extended TAO-USD	+0.0880%	1h	314.03	−0.231%	$864K	$2.1M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	315.70	+0.299%	$1.5M	$5.8M	50x	as long as short
RISEx TAO/USDC	+0.1238%	1h	314.19	−0.179%	$453K	$559K	5x	as long as short
Lighter TAO	+0.1328%	1h	314.68	−0.025%	$1.6M	$5.8M	5x	as long as short
Hyperliquid TAO	+0.1801%	1h	314.52	−0.076%	$98.0M	$83.7M	5x	as long as short