Settings8H · net · $10k
Funding arb · Price arb /

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0296%/8h= −32.4% APRnext payment $1.48 per $10,000 · paid last 24h −0.007%
Price spread now: edgeX against Variational Omni−0.014%7-day average −0.066% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.007%−$1 on $10k
Price spread, last 4 days (all we have)−0.066%−$7 · spread now −0.014%, 7d avg −0.066%
Together, before fees−0.073%+ Points / potential airdropVariational Omni: Active · edgeX: Active · farm board−$7 on $10k · with fees, hour by hour
The price spread pays, funding is against you. edgeX is 0.052% dearer against Variational Omni than usual: you sell high and buy low (spread −0.014% now, against its 7-day average of −0.066%): +$5 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 14 hours. At the pace of the last 4 days (−0.007% in total) that is about 27 days.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.007% in total (about -0.7% a year). A funding rate is set anew for every payment; at this rate the next one is about $1.48 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni TAO315.160.0396pay 0.0198% / 4h3h 58m$5.7M$9.9M
ShortedgeX TAOUSDC315.120.0100get 0.0050% / 4h3h 58m$42K$313K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
−$62.11
Price spread: −0.014% → −0.066%
$5.23
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$65.88
Costs to cover
0.090%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, just now; edgeX: live order book, 59 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, just now2.87 bpdoesn't fit12.0 bp −$120doesn't fitdoesn't fit
Sell edgeX live order book, 59 min ago6.36 bp10.9 bp −$1126.1 bp −$261doesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_TAOUSD−0.0345%1h314.66−0.159%$5.5M$20.6M50xas long as short
dYdX TAO-USD0.0000%1h314.60−0.178%$125K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h314.61−0.176%$20K150xas long as short
Popdex TAOUSDT+0.0096%1h314.98−0.057%$43K$659K20xas long as short
Katana Perps TAO-USD+0.0098%8h314.86−0.095%$2K$800K5xas long as short
Nado TAO-PERP+0.0100%1h315.10−0.020%$801K$2.2M10xas long as short
Binance TAOUSDT+0.0100%4h314.83−0.105%$90.9M$495.2M75xas long as short
Bybit TAOUSDT+0.0100%4h315.12−0.013%$67.9M$149.0M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h314.80−0.114%$26.0M$120.6M50xas long as short
Bulk TAO-USD+0.0100%1h314.80−0.114%$167K$2K10xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate TAO_USDT+0.0100%4h314.60−0.178%$13.0M$49.2M50xas long as short
MEXC TAO_USDT+0.0100%4h314.83−0.105%$100.9M$143.4M300xas long as short
KuCoin TAOUSDTM+0.0100%4h314.73−0.136%$17.8M$31.7M75xas long as short
Bitget TAOUSDT+0.0100%4h314.62−0.171%$35.2M$56.5M50xas long as short
BingX TAO-USDT+0.0100%4h314.82−0.108%$32.9Mas long as short
edgeX TAOUSDCshort+0.0100%4h315.12−0.014%$42K$313K10x
GRVT TAO_USDT_Perp+0.0100%4h315.30+0.045%$535K$969K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h315.19+0.010%$46K$255K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h314.80−0.114%$77K$863K5xas long as short
Bullet TAO-USD+0.0100%1h314.86−0.095%$12K$18K20xas long as short
SunX TAO-USDT+0.0100%4h314.79−0.117%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h314.46−0.222%$110K$535K20xas long as short
Phemex TAOUSDT+0.0100%4h314.81−0.111%$3.2M$8.1M50xas long as short
Hyperliquid TAO+0.0104%1h315.04−0.038%$92.6M$106.7M5xas long as short
Aevo TAO-PERP+0.0104%1h314.86−0.094%$173K$9983xas long as short
Orderly PERP_TAO_USDC+0.0126%4h314.68−0.152%$52K$271K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0143% / S +0.0124%1h314.62−0.170%$427K100xas long as short
Paradex TAO-USD-PERP+0.0148%8h315.25+0.028%$14K$1K10xas long as short
Aster TAOUSDT+0.0152%4h314.78−0.120%$1.2M$10.4M50xas long as short
Extended TAO-USD+0.0208%1h314.69−0.149%$923K$2.4M25xas long as short
Backpack TAO_USDC_PERP+0.0274%1h314.75−0.130%$313K$914K10xas long as short
01 Exchange TAOUSD+0.0296%1h315.07−0.029%$3K$4K5xas long as short
Lighter TAO+0.0312%1h315.22+0.019%$1.5M$6.4M5xas long as short
BloFin TAO-USDT+0.0340%4h314.69−0.149%$4.5M$10.9M100xas long as short
Arcus TAO-USD+0.0345%1h315.47+0.098%$101K$440K5xas long as short
Pacifica TAO+0.0365%1h315.09−0.022%$359K$412K10xas long as short
Variational Omni TAOlong+0.0396%4h315.16long leg$5.7M$9.9M
Deribit TAO_USDC-PERPETUAL+0.0427%1h314.82−0.109%$22K$1.7M25xas long as short
Phoenix TAO+0.0581%1h315.50+0.108%$314K$695K5xas long as short
Reya TAORUSDPERP+0.0697%1h314.95−0.068%$36220xas long as short
RISEx TAO/USDC+0.0816%1h315.14−0.005%$439K$651K5xas long as short
Coinbase International TAO-PERP-INTX+0.0952%1h315.53+0.117%$1.5M$6.7M50xas long as short
Injective TAO/USDC PERP+0.4092%1h317.67+0.796%$23K$2K12xas long as short