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

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC−0.0698%/8h= −76.5% APRpaid last 24h +0.071%
Price spread now: Kraken Futures against Variational Omni−0.001%7-day average +0.001% · 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)+0.204%+$20 on $10k
Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.001%, 7d avg +0.001%
Together, before fees+0.200%+ Points / potential airdropVariational Omni: Active · farm board+$20 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.001%, so right now this pair is about funding alone: −$21 a day on $10k at the current rate. Mind the row above: over the last 4 days funding on this pair paid +0.204%, 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 0.204% in total (about 21.0% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni TAO311.270.0350pay 0.0175% / 4h3h 00m$5.5M$10.1M
ShortKraken Futures PF_TAOUSD311.27−0.0349pay 0.0044% / 1h0m 54s$5.5M$20.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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
−$146.65
Price spread: −0.001% → +0.001%
−$0.28
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$156.93
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Kraken Futures: live order book, 3 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, 3 min ago2.87 bpdoesn't fit10.6 bp −$10628.2 bp −$2,817doesn't fit
Sell Kraken Futures live order book, 3 min ago4.81 bp12.8 bp −$1322.4 bp −$224105.6 bp −$10.6Kdoesn'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_TAOUSDshort−0.0349%1h311.27−0.001%$5.5M$20.7M50x
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h310.92−0.112%$20K150xas long as short
dYdX TAO-USD+0.0023%1h310.54−0.234%$124K$85K5xas long as short
Popdex TAOUSDT+0.0096%1h311.24−0.010%$48K$662K20xas long as short
Katana Perps TAO-USD+0.0100%8h311.16−0.036%$3K$867K5xas long as short
Pacifica TAO+0.0100%1h310.78−0.159%$354K$416K10xas long as short
Binance TAOUSDT+0.0100%4h311.14−0.042%$88.8M$503.6M75xas long as short
OKX TAO-USDT-SWAP+0.0100%8h311.10−0.055%$26.0M$120.8M50xas long as short
Gate TAO_USDT+0.0100%4h310.90−0.119%$13.4M$50.6M50xas long as short
MEXC TAO_USDT+0.0100%4h311.29+0.006%$103.1M$145.9M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h311.14−0.042%$17.4M$31.4M75xas long as short
Bitget TAOUSDT+0.0100%4h310.84−0.138%$35.0M$56.8M50xas long as short
edgeX TAOUSDC+0.0100%4h311.26−0.003%$41K$315K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h311.05−0.071%$46K$254K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h311.08−0.061%$81K$905K5xas long as short
Bullet TAO-USD+0.0100%1h311.24−0.009%$12K$17K20xas long as short
SunX TAO-USDT+0.0100%4h311.00−0.087%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h310.54−0.235%$110K$542K20xas long as short
Aevo TAO-PERP+0.0104%1h311.22−0.018%$171K$9983xas long as short
Aster TAOUSDT+0.0110%4h310.97−0.096%$1.3M$10.5M50xas long as short
GRVT TAO_USDT_Perp+0.0114%4h311.90+0.202%$530K$942K10xas long as short
Orderly PERP_TAO_USDC+0.0115%4h311.19−0.026%$51K$290K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0134% / S +0.0137%1h310.87−0.127%$413K100xas long as short
Paradex TAO-USD-PERP+0.0176%8h310.67−0.194%$14K$1K10xas long as short
Phemex TAOUSDT+0.0228%4h311.40+0.042%$3.1M$8.0M50xas long as short
Arcus TAO-USD+0.0231%1h311.30+0.009%$100K$370K5xas long as short
Bulk TAO-USD+0.0253%1h311.89+0.199%$166K$33310xas long as short
Bybit TAOUSDT+0.0282%4h311.21−0.019%$67.3M$151.0M50xas long as short
BingX TAO-USDT+0.0304%4h311.14−0.042%$33.8Mas long as short
Nado TAO-PERP+0.0307%1h311.28+0.002%$774K$2.2M10xas long as short
Extended TAO-USD+0.0312%1h311.19−0.025%$906K$2.4M25xas long as short
BloFin TAO-USDT+0.0340%4h311.24−0.010%$4.5M$10.7M100xas long as short
Variational Omni TAOlong+0.0350%4h311.27long leg$5.5M$10.1M
Phoenix TAO+0.0457%1h312.40+0.363%$311K$711K5xas long as short
Hyperliquid TAO+0.0465%1h311.24−0.010%$91.2M$108.2M5xas long as short
Backpack TAO_USDC_PERP+0.0481%1h311.56+0.093%$309K$885K10xas long as short
01 Exchange TAOUSD+0.0504%1h311.45+0.058%$3K$4K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0570%1h311.31+0.014%$12K$1.8M25xas long as short
Lighter TAO+0.0592%1h311.59+0.104%$1.5M$6.6M5xas long as short
Reya TAORUSDPERP+0.0697%1h311.23−0.014%$35820xas long as short
RISEx TAO/USDC+0.0816%1h311.14−0.043%$441K$648K5xas long as short
Coinbase International TAO-PERP-INTX+0.0952%1h312.02+0.241%$1.5M$6.7M50xas long as short
Injective TAO/USDC PERP+0.4092%1h315.73+1.433%$23K$2K12xas long as short