Funding you earn now, next payment 04:00 UTC−0.0313%/8h= −34.3% APRnext payment −$1.57 per $10,000 · paid last 24h −0.007%
Price spread now: GRVT against Variational Omni+0.228%7-day average −0.050% · 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)−0.007%−$1 on $10k
+Price spread, last 4 days (all we have)−0.293%−$29 · spread now +0.228%, 7d avg −0.050%
=Together, before fees−0.299%+ Points / potential airdropVariational Omni: Active · GRVT: Active · farm board−$30 on $10k · with fees, hour by hour
The price spread pays, funding is against you. GRVT is 0.278% dearer against Variational Omni than usual: you sell high and buy low (spread +0.228% now, against its 7-day average of −0.050%): +$28 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 3 days (−0.007% in total) that is about 5 months.
The current funding rate is far above what this pair has been paying: over the last 3 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 −$1.57 per $10,000. 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 | 314.58 | 0.0413 | pay 0.0207% / 4h | 1m 22s | $5.7M | $9.9M | — |
| Short | GRVT TAO_USDT_Perp | 315.30 | 0.0100 | get 0.0050% / 4h | 1m 22s | $535K | $969K | 10x |
Variational Omni TAO
GRVT TAO_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- −$65.83
- Price spread: +0.228% → −0.050%
- $27.78
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- −$47.05
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; GRVT: live order book, 57 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 | 3.19 bp | doesn't fit | 11.6 bp −$116 | doesn't fit | doesn't fit |
| Sell GRVT live order book, 57 min ago | 1.59 bp | 9.0 bp −$9 | 11.8 bp −$118 | 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 | 314.94 | +0.113% | $126K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 314.81 | +0.073% | $20K | — | 150x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0056% | 1h | 314.98 | +0.125% | $5.5M | $20.6M | 50x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 315.17 | +0.186% | $43K | $667K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0098% | 8h | 315.04 | +0.145% | $2K | $800K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 315.20 | +0.196% | $91.1M | $495.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 315.09 | +0.161% | $67.9M | $149.0M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.90 | +0.100% | $26.0M | $120.6M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 314.80 | +0.068% | $167K | $2K | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.80 | +0.068% | $12.9M | $50.2M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Kraken Futures PF_TAOUSD
Popdex TAOUSDT
Katana Perps TAO-USD
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 315.12 | +0.170% | $100.9M | $144.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.01 | +0.135% | $17.7M | $31.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.67 | +0.027% | $35.2M | $56.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 315.00 | +0.132% | — | $32.8M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 315.22 | +0.201% | $42K | $313K | 10x | as long as short |
| GRVT TAO_USDT_Perpshort | +0.0100% | 4h | 315.30 | +0.228% | $535K | $969K | 10x | |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 315.19 | +0.192% | $46K | $255K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 314.90 | +0.100% | $77K | $862K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 315.11 | +0.168% | $12K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.09 | +0.161% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.68 | +0.030% | $110K | $535K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 315.06 | +0.151% | $3.2M | $8.1M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 315.10 | +0.164% | $173K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0128% | 4h | 314.94 | +0.113% | $52K | $271K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0144% / S +0.0123% | 1h | 314.78 | +0.062% | $428K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0150% | 8h | 315.23 | +0.204% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0158% | 4h | 315.09 | +0.161% | $1.2M | $10.4M | 50x | as long as short |
| Extended TAO-USD | +0.0208% | 1h | 314.98 | +0.126% | $923K | $2.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0212% | 1h | 315.18 | +0.188% | $801K | $2.2M | 10x | as long as short |
| Hyperliquid TAO | +0.0289% | 1h | 315.31 | +0.230% | $92.7M | $106.7M | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 315.07 | +0.154% | $4.6M | $10.9M | 100x | as long as short |
| Arcus TAO-USD | +0.0345% | 1h | 315.51 | +0.294% | $99K | $438K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0352% | 1h | 315.41 | +0.262% | $3K | $4K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0355% | 1h | 315.04 | +0.146% | $22K | $1.7M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0364% | 1h | 315.26 | +0.215% | $313K | $913K | 10x | as long as short |
| Pacifica TAO | +0.0365% | 1h | 315.28 | +0.222% | $360K | $412K | 10x | as long as short |
| Lighter TAO | +0.0384% | 1h | 315.38 | +0.253% | $1.5M | $6.5M | 5x | as long as short |
| Variational Omni TAOlong | +0.0413% | 4h | 314.58 | long leg | $5.7M | $9.9M | — | |
| Phoenix TAO | +0.0581% | 1h | 314.50 | −0.027% | $313K | $697K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 315.09 | +0.161% | $362 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0991% | 1h | 315.29 | +0.224% | $439K | $653K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 315.59 | +0.319% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4222% | 1h | 317.67 | +0.981% | $23K | $2K | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Aster TAOUSDT
Extended TAO-USD
Nado TAO-PERP
Hyperliquid TAO
BloFin TAO-USDT
Arcus TAO-USD
01 Exchange TAOUSD
Deribit TAO_USDC-PERPETUAL
Backpack TAO_USDC_PERP
Pacifica TAO
Lighter TAO
Phoenix TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP