Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Variational Omni+0.462%7-day average −0.014% · you sell dearer than you buy

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

Long on Variational Omni Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.452%−$45 · spread now +0.462%, 7d avg −0.014%

Together, before fees−0.452%+ Points / potential airdropVariational Omni: Active · farm board−$45 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: Bybit is 0.476% dearer against Variational Omni than usual: you sell high and buy low, +$48 on $10k if it goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TAO	303.48	0.0100	pay 0.0050% / 4h	2h 50m	$3.6M	$6.7M	—
Short	Bybit TAOUSDT	304.88	0.0100	get 0.0050% / 4h	2h 50m	$58.2M	$117.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.462%Rate

Funding earned: $0
Price spread: +0.462% → −0.014%: $47.6
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $36.6
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Bybit: live order book, 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 Variational Omni RFQ quote, 4 min ago	2.88 bp	doesn't fit	15.9 bp −$159	doesn't fit	doesn't fit
Sell Bybit live order book, 4 min ago	0.17 bp	9.7 bp −$10	21.9 bp −$219	46.1 bp −$4,610	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	−0.0973%	1h	304.87	+0.459%	$200K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	303.84	+0.120%	$128K	$89K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	304.09	+0.203%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	304.08	+0.199%	$39K	$521K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	304.26	+0.260%	$1.1M	$7.4M	50x	as long as short
Pacifica TAO	+0.0100%	1h	304.12	+0.213%	$355K	$405K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	304.74	+0.416%	$85.1M	$400.4M	75x	as long as short
Bybit TAOUSDTshort	+0.0100%	4h	304.88	+0.462%	$58.2M	$117.7M	50x
OKX TAO-USDT-SWAP	+0.0100%	8h	304.80	+0.436%	$24.8M	$91.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.27	+0.261%	$135K	$591K	5x	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	304.00	+0.172%	$12.0M	$47.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	304.80	+0.436%	$111.3M	$121.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	304.66	+0.390%	$18.1M	$26.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	304.64	+0.383%	$34.1M	$44.2M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	304.82	+0.443%	—	$30.5M	—	as long as short
Variational Omni TAOlong	+0.0100%	4h	303.48	long leg	$3.6M	$6.7M	—
edgeX TAOUSDC	+0.0100%	4h	303.44	−0.012%	$39K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.31	−0.055%	$531K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.63	+0.051%	$47K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	304.34	+0.285%	$82K	$668K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	304.27	+0.263%	$12K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	304.25	+0.255%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	304.13	+0.215%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	304.56	+0.357%	$120K	$351K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	304.73	+0.413%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	304.30	+0.271%	$167K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	303.95	+0.156%	$1K	$416K	5x	as long as short
Nado TAO-PERP	+0.0153%	1h	303.96	+0.160%	$742K	$1.8M	10x	as long as short
Paradex TAO-USD-PERP	+0.0163%	8h	304.08	+0.199%	$14K	$992	10x	as long as short
Phoenix TAO	+0.0234%	1h	303.50	+0.008%	$321K	$462K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0311%	1h	304.94	+0.481%	$16K	$1.3M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.67	+0.064%	$4.3M	$9.4M	100x	as long as short
01 Exchange TAOUSD	+0.0360%	1h	304.22	+0.245%	$3K	$4K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0465% / S −0.0175%	1h	304.05	+0.189%	$433K	—	100x	as long as short
Lighter TAO	+0.0544%	1h	305.10	+0.534%	$1.6M	$4.7M	5x	as long as short
Extended TAO-USD	+0.0600%	1h	304.79	+0.434%	$867K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	304.17	+0.230%	$350	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0930%	1h	304.26	+0.258%	$465K	$689K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	304.34	+0.285%	$1.5M	$5.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1034%	1h	305.00	+0.502%	$6.2M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	304.19	+0.234%	$400K	$530K	5x	as long as short
Hyperliquid TAO	+0.1157%	1h	304.77	+0.426%	$91.2M	$74.0M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	311.91	+2.779%	$23K	$135	12x	as long as short