Funding you earn now, next payment 04:00 UTC−0.0129%/8h= −14.1% APRpaid last 24h +0.224%
Price spread now: Hyperliquid against Variational Omni+0.141%7-day average +0.045% · 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)+0.361%+$36 on $10k
+Price spread, last 7 days−0.106%−$11 · spread now +0.141%, 7d avg +0.045%
=Together, before fees+0.255%+ Points / potential airdropVariational Omni: Active · Hyperliquid: Season 2 · farm board+$26 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Hyperliquid is 0.096% dearer against Variational Omni than usual: you sell high and buy low (spread +0.141% now, against its 7-day average of +0.045%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.5 days. Mind the row above: over the last 3 days funding on this pair paid +0.361%, so the current rate has only just turned against you.
| 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 | 4m 58s | $5.7M | $9.9M | — |
| Short | Hyperliquid TAO | 315.03 | 0.0284 | get 0.0036% / 1h | 4m 58s | $92.6M | $106.6M | 5x |
Variational Omni TAO
Hyperliquid TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid 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
- −$27.13
- Price spread: +0.141% → +0.045%
- $9.64
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$26.48
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; Hyperliquid: live order book, 9 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 | 2.87 bp | doesn't fit | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 9 min ago | 0.63 bp | 6.6 bp −$7 | doesn't fit | 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 | 314.41 | −0.056% | $125K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 314.56 | −0.010% | $20K | — | 150x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0056% | 1h | 314.77 | +0.060% | $5.5M | $20.6M | 50x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.70 | +0.037% | $43K | $669K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0098% | 8h | 314.56 | −0.008% | $644 | $801K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.83 | +0.078% | $91.0M | $495.2M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 314.88 | +0.094% | $67.9M | $149.0M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.70 | +0.037% | $26.0M | $120.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.60 | +0.005% | $12.9M | $50.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 314.87 | +0.091% | $100.1M | $144.4M | 300x | 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
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.71 | +0.040% | $17.7M | $31.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.47 | −0.037% | $35.1M | $56.6M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 314.77 | +0.059% | — | $32.8M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.77 | +0.059% | $42K | $312K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 314.68 | +0.031% | $533K | $969K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.59 | +0.002% | $46K | $255K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 314.60 | +0.005% | $77K | $861K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 314.90 | +0.099% | $12K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.64 | +0.018% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.21 | −0.119% | $109K | $535K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 314.87 | +0.091% | $3.2M | $8.1M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 314.68 | +0.030% | $167K | $2K | 10x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 314.90 | +0.100% | $173K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0132% | 4h | 314.75 | +0.052% | $52K | $271K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0144% / S +0.0123% | 1h | 314.56 | −0.007% | $427K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0151% | 8h | 314.82 | +0.076% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0157% | 4h | 314.61 | +0.009% | $1.2M | $10.4M | 50x | as long as short |
| Extended TAO-USD | +0.0200% | 1h | 314.68 | +0.031% | $923K | $2.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0217% | 1h | 314.81 | +0.071% | $800K | $2.2M | 10x | as long as short |
| Hyperliquid TAOshort | +0.0284% | 1h | 315.03 | +0.141% | $92.6M | $106.6M | 5x | |
| BloFin TAO-USDT | +0.0340% | 4h | 314.64 | +0.018% | $4.6M | $10.9M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0344% | 1h | 315.00 | +0.132% | $3K | $4K | 5x | as long as short |
| Arcus TAO-USD | +0.0345% | 1h | 315.05 | +0.148% | $99K | $438K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0357% | 1h | 315.00 | +0.132% | $313K | $914K | 10x | as long as short |
| Pacifica TAO | +0.0365% | 1h | 314.66 | +0.025% | $359K | $412K | 10x | as long as short |
| Lighter TAO | +0.0384% | 1h | 315.10 | +0.163% | $1.5M | $6.5M | 5x | as long as short |
| Variational Omni TAOlong | +0.0413% | 4h | 314.58 | long leg | $5.7M | $9.9M | — | |
| Deribit TAO_USDC-PERPETUAL | +0.0541% | 1h | 314.93 | +0.108% | $22K | $1.7M | 25x | as long as short |
| Phoenix TAO | +0.0581% | 1h | 314.50 | −0.027% | $313K | $697K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 314.77 | +0.059% | $362 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0991% | 1h | 314.80 | +0.070% | $437K | $652K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 315.19 | +0.192% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4222% | 1h | 318.19 | +1.146% | $23K | $2K | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Bulk TAO-USD
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
BloFin TAO-USDT
01 Exchange TAOUSD
Arcus TAO-USD
Backpack TAO_USDC_PERP
Pacifica TAO
Lighter TAO
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP