Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Variational Omni−0.092%7-day average −0.032% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.092%+$9 · spread now −0.092%, 7d avg −0.032%

Together, before fees+0.092%+ Points / potential airdropVariational Omni: Active · farm board+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.060% cheaper against Variational Omni than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TAO	303.56	0.0100	pay 0.0050% / 4h	1h 34m	$3.7M	$6.7M	—
Short	MEXC TAO_USDT	303.28	0.0100	get 0.0050% / 4h	1h 34m	$110.2M	$124.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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

Position, each leg$Hold fordaysFee Variational OmnibpFee MEXCbpOrdersPrice spread, now −0.092%Rate

Funding earned: $0
Price spread: −0.092% → −0.032%: −$5.98
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$5.98
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; MEXC: live order book, 5 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, 5 min ago	2.89 bp	doesn't fit	10.1 bp −$101	doesn't fit	doesn't fit
Sell MEXC live order book, 5 min ago	0.49 bp	2.5 bp −$3	6.8 bp −$68	20.7 bp −$2,070	107.4 bp −$53.7K

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	−0.0186%	1h	303.81	+0.082%	$162K	$54K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	302.48	−0.355%	$124K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	302.59	−0.321%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	302.53	−0.339%	$44K	$536K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	302.70	−0.282%	$1.1M	$7.7M	50x	as long as short
Binance TAOUSDT	+0.0100%	4h	303.27	−0.096%	$84.8M	$412.7M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	303.44	−0.040%	$58.7M	$121.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	303.30	−0.086%	$24.3M	$95.1M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	302.98	−0.191%	$79K	$642K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	303.00	−0.185%	$12.1M	$48.7M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDTshort	+0.0100%	4h	303.28	−0.092%	$110.2M	$124.9M	300x
KuCoin TAOUSDTM	+0.0100%	4h	302.68	−0.290%	$18.5M	$27.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	302.97	−0.194%	$33.8M	$46.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	303.15	−0.135%	—	$30.4M	—	as long as short
Variational Omni TAOlong	+0.0100%	4h	303.56	long leg	$3.7M	$6.7M	—
edgeX TAOUSDC	+0.0100%	4h	303.35	−0.069%	$39K	$278K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.49	−0.023%	$502K	$967K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	303.30	−0.086%	$46K	$269K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	302.73	−0.273%	$74K	$604K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	302.57	−0.326%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	302.88	−0.224%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	302.87	−0.227%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.16	−0.132%	$121K	$363K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.25	−0.102%	$3.2M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	302.97	−0.194%	$166K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	302.48	−0.356%	$619	$491K	5x	as long as short
Paradex TAO-USD-PERP	+0.0154%	8h	302.96	−0.198%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	302.95	−0.200%	$358K	$371K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	302.52	−0.344%	$432K	—	100x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0251%	1h	302.98	−0.191%	$21K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	302.76	−0.264%	$4.2M	$9.3M	100x	as long as short
Lighter TAO	+0.0352%	1h	303.43	−0.043%	$1.6M	$5.3M	5x	as long as short
Nado TAO-PERP	+0.0360%	1h	302.54	−0.337%	$816K	$1.9M	10x	as long as short
01 Exchange TAOUSD	+0.0400%	1h	302.57	−0.326%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0426%	1h	303.30	−0.086%	$377K	$757K	10x	as long as short
Phoenix TAO	+0.0521%	1h	302.70	−0.283%	$321K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	302.50	−0.350%	$348	—	20x	as long as short
Extended TAO-USD	+0.0840%	1h	303.08	−0.159%	$825K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	303.64	+0.026%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1041%	1h	303.33	−0.076%	$5.7M	$19.6M	50x	as long as short
Hyperliquid TAO	+0.1070%	1h	303.46	−0.033%	$92.1M	$80.4M	5x	as long as short
RISEx TAO/USDC	+0.1155%	1h	302.81	−0.249%	$410K	$545K	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.703%	$22K	$264	12x	as long as short