Funding you earn now, next payment 03:00 UTC−0.5979%/8h= −654.7% APRpaid last 24h −0.329%
Price spread now: Bulk against Variational Omni+2.104%48s7-day average −0.162% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.376%−$38 on $10k
+Price spread, last 4 days (all we have)−3.261%−$326 · spread now +2.104%, 7d avg −0.162%
=Together, before fees−3.637%+ Points / potential airdropVariational Omni: Active · farm board−$364 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Bulk is 2.266% dearer against Variational Omni than usual: you sell high and buy low (spread +2.104% now, against its 7-day average of −0.162%): +$227 on $10k if it goes back. Holding the pair costs −$179 a day in funding at the current rate, which eats that in about 30 hours. At the pace of the last 3 days (−0.376% in total) that is about 21 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.376% in total (about -39.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TAO | 317.31 | 0.0831 | pay 0.0415% / 4h | 1h 15m | $5.9M | $9.8M | — |
| Short | Bulk TAO-USD | 323.99 | −0.5148 | pay 0.0643% / 1h | 15m 51s | $172K | $1K | 10x |
Variational Omni TAO
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$1,255.53
- Price spread: +2.104% → −0.162%
- $226.62
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$1,035.92
- Costs to cover
- 0.070%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Bulk: live order book, 48 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 | 2.87 bp | doesn't fit | 16.1 bp −$161 | doesn't fit | doesn't fit |
| Sell Bulk live order book, 48 min ago | 0.16 bp | 3.9 bp −$4 | 4.2 bp −$42 | 4.3 bp −$429 | 10.2 bp −$5,110 |
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-USDshort | −0.5148% | 1h | 323.99 | +2.104% | $172K | $1K | 10x | |
| dYdX TAO-USD | 0.0000% | 1h | 319.07 | +0.554% | $127K | $85K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | 0.0000% | 1h | 317.00 | −0.098% | $18K | $1.6M | 25x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 317.02 | −0.093% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 318.06 | +0.235% | $39K | $682K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 316.87 | −0.139% | $93.0M | $486.5M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.80 | −0.162% | $26.2M | $119.4M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.70 | −0.193% | $13.0M | $50.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 316.90 | −0.130% | $101.0M | $143.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.03 | −0.089% | $17.8M | $31.5M | 75x | as long as short |
dYdX TAO-USD
Deribit TAO_USDC-PERPETUAL
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTMShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TAOUSDT | +0.0100% | 4h | 316.72 | −0.187% | $35.4M | $55.4M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 324.20 | +2.171% | $36K | $303K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 317.85 | +0.169% | $87K | $793K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.66 | −0.206% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.09 | −0.070% | $128K | $482K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 317.37 | +0.019% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0116% | 8h | 319.45 | +0.673% | $2K | $776K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0123% | 4h | 317.12 | −0.061% | $57K | $282K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0158% / S +0.0128% | 1h | 317.16 | −0.048% | $440K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0232% | 4h | 324.16 | +2.159% | $538K | $965K | 10x | as long as short |
| Bullet TAO-USD | +0.0246% | 1h | 317.47 | +0.049% | $13K | $18K | 20x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0248% | 1h | 316.80 | −0.160% | $5.6M | $20.8M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0275% | 8h | 318.73 | +0.447% | $14K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0276% | 4h | 317.17 | −0.045% | $3.4M | $7.9M | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 323.03 | +1.802% | $3.8M | $11.5M | 100x | as long as short |
| Aster TAOUSDT | +0.0350% | 4h | 316.97 | −0.108% | $1.1M | $9.9M | 50x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 319.42 | +0.663% | $378K | $405K | 10x | as long as short |
| BingX TAO-USDT | +0.0466% | 4h | 316.91 | −0.127% | — | $30.4M | — | as long as short |
| Bybit TAOUSDT | +0.0488% | 4h | 317.14 | −0.055% | $69.7M | $145.5M | 50x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 324.80 | +2.359% | $340K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 318.72 | +0.443% | $100K | $488K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0557% | 1h | 324.92 | +2.397% | $48K | $253K | 50x | as long as short |
| Nado TAO-PERP | +0.0618% | 1h | 317.89 | +0.181% | $760K | $2.1M | 10x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 317.81 | +0.156% | $365 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0768% | 1h | 317.64 | +0.103% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0784% | 1h | 316.90 | −0.129% | $928K | $2.4M | 25x | as long as short |
| Variational Omni TAOlong | +0.0831% | 4h | 317.31 | long leg | $5.9M | $9.8M | — | |
| Lighter TAO | +0.0840% | 1h | 317.34 | +0.008% | $1.6M | $6.4M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0995% | 1h | 316.58 | −0.231% | $318K | $920K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 318.13 | +0.257% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 317.75 | +0.139% | $458K | $651K | 5x | as long as short |
| Hyperliquid TAO | +0.1166% | 1h | 316.88 | −0.135% | $97.4M | $103.5M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 326.77 | +2.980% | $24K | $2K | 12x | as long as short |
Bitget TAOUSDT
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Aevo TAO-PERP
Katana Perps TAO-USD
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Bullet TAO-USD
Kraken Futures PF_TAOUSD
Paradex TAO-USD-PERP
Phemex TAOUSDT
BloFin TAO-USDT
Aster TAOUSDT
Pacifica TAO
BingX TAO-USDT
Bybit TAOUSDT
Phoenix TAO
Arcus TAO-USD
ApeX Omni TAOUSDT
Nado TAO-PERP
Reya TAORUSDPERP
01 Exchange TAOUSD
Extended TAO-USD
Lighter TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP