Funding you earn now, next payment 12:00 UTC−0.0491%/8h= −53.8% APRpaid last 24h −0.044%
Price spread now: Katana Perps against Variational Omni+0.204%7-day average −0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.105%+$10 on $10k
+Price spread, last 4 days (all we have)−1.151%−$115 · spread now +0.204%, 7d avg −0.033%
=Together, before fees−1.046%+ Points / potential airdropVariational Omni: Active · farm board−$105 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Katana Perps is 0.238% dearer against Variational Omni than usual: you sell high and buy low (spread +0.204% now, against its 7-day average of −0.033%): +$24 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 39 hours. Mind the row above: over the last 4 days funding on this pair paid +0.105%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.105% in total (about 10.3% 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 | 318.74 | 0.0612 | pay 0.0306% / 4h | 3h 14m | $5.6M | $9.9M | — |
| Short | Katana Perps TAO-USD | 319.39 | 0.0121 | get 0.0121% / 8h | 7h 14m | $1K | $1.2M | 5x |
Variational Omni TAO
Katana Perps TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Katana Perps 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
- −$103.15
- Price spread: +0.204% → −0.033%
- $23.77
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Katana Perps: 1.9 bp × 2 orders
- −$3.8
- Net
- −$83.17
- Costs to cover
- 0.038%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Katana Perps: no order-book sample. 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, 5 min ago | 2.88 bp | doesn't fit | 11.3 bp −$113 | doesn't fit | doesn't fit |
| Sell Katana Perps no order-book sample | — | — | — | — | — |
Katana Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.0269% | 1h | 313.94 | −1.506% | $167K | $0 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 319.24 | +0.156% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.52 | +0.245% | $50K | $697K | 20x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 318.79 | +0.016% | $69.7M | $153.8M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.80 | +0.019% | $26.6M | $129.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.30 | +0.176% | $15.2M | $50.3M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.79 | +0.016% | $17.6M | $32.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.68 | −0.018% | $35.9M | $56.7M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.24 | +0.157% | $88K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.22 | +0.151% | $2K | $1.9M | 20x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 318.97 | +0.073% | $116K | $539K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 319.33 | +0.185% | $3.2M | $8.1M | 50x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 319.45 | +0.225% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USDshort | +0.0121% | 8h | 319.39 | +0.204% | $1K | $1.2M | 5x | |
| MEXC TAO_USDT | +0.0164% | 4h | 318.79 | +0.016% | $111.6M | $154.3M | 300x | as long as short |
| Binance TAOUSDT | +0.0165% | 4h | 318.88 | +0.046% | $92.9M | $517.1M | 75x | as long as short |
| BingX TAO-USDT | +0.0166% | 4h | 319.42 | +0.214% | — | $38.8M | — | as long as short |
| edgeX TAOUSDC | +0.0168% | 4h | 318.13 | −0.191% | $42K | $322K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0241% | 8h | 319.47 | +0.229% | $14K | $876 | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0241% | 4h | 319.44 | +0.220% | $54K | $272K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0283% | 1h | 318.30 | −0.138% | $45K | $256K | 50x | as long as short |
| Bullet TAO-USD | +0.0297% | 1h | 319.44 | +0.219% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0333% | 4h | 318.79 | +0.015% | $1.3M | $11.1M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0342% | 4h | 318.82 | +0.026% | $540K | $838K | 10x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 319.34 | +0.187% | $362K | $437K | 10x | as long as short |
| dYdX TAO-USD | +0.0363% | 1h | 318.81 | +0.023% | $128K | $87K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0366% / S −0.0109% | 1h | 319.09 | +0.111% | $378K | — | 100x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 319.67 | +0.292% | $101K | $340K | 5x | as long as short |
| BloFin TAO-USDT | +0.0404% | 4h | 319.11 | +0.116% | $4.8M | $10.9M | 100x | as long as short |
| Extended TAO-USD | +0.0440% | 1h | 318.81 | +0.023% | $933K | $2.2M | 25x | as long as short |
| Nado TAO-PERP | +0.0454% | 1h | 319.43 | +0.216% | $771K | $1.9M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0512% | 1h | 319.44 | +0.221% | $9K | $1.8M | 25x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 319.00 | +0.082% | $321K | $714K | 5x | as long as short |
| Variational Omni TAOlong | +0.0612% | 4h | 318.74 | long leg | $5.6M | $9.9M | — | |
| Hyperliquid TAO | +0.0625% | 1h | 319.77 | +0.323% | $94.9M | $109.6M | 5x | as long as short |
| Lighter TAO | +0.0664% | 1h | 319.78 | +0.328% | $1.6M | $6.7M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 319.96 | +0.383% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 318.80 | +0.021% | $367 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0744% | 1h | 319.58 | +0.264% | $317K | $1.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0779% | 1h | 319.52 | +0.246% | $6.2M | $21.0M | 50x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 318.81 | +0.022% | $447K | $709K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.03 | +0.405% | $1.1M | $7.4M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 317.77 | −0.304% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
MEXC TAO_USDT
Binance TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
Paradex TAO-USD-PERP
Orderly PERP_TAO_USDC
ApeX Omni TAOUSDT
Bullet TAO-USD
Aster TAOUSDT
GRVT TAO_USDT_Perp
Pacifica TAO
dYdX TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Arcus TAO-USD
BloFin TAO-USDT
Extended TAO-USD
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
Hyperliquid TAO
Lighter TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP