Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against Variational Omni−0.490%52s7-day average −0.059% · you buy dearer than you sell

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

Long on Variational Omni Short on Pacifica

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 4 days (all we have)−0.782%−$78 · spread now −0.490%, 7d avg −0.059%

Together, before fees−0.782%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board−$78 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: Pacifica is 0.431% cheaper against Variational Omni than usual: you would sell low and buy high, −$43 on $10k if it goes back to its 7-day average of −0.059%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TAO	304.76	0.0100	pay 0.0050% / 4h	2h 52m	$3.6M	$6.7M	—
Short	Pacifica TAO	303.27	0.0100	get 0.0013% / 1h	52m 47s	$354K	$405K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PacificabpOrdersPrice spread, now −0.490%Rate

Funding earned: $0
Price spread: −0.490% → −0.059%: −$43.09
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$51.09
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Pacifica: live order book, 35 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, 1 min ago	2.88 bp	doesn't fit	15.9 bp −$159	doesn't fit	doesn't fit
Sell Pacifica live order book, 35 min ago	2.40 bp	10.6 bp −$11	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
Bulk TAO-USD	−0.7481%	1h	306.26	+0.491%	$201K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	303.90	−0.282%	$128K	$89K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	303.48	−0.423%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.49	−0.418%	$38K	$519K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	303.91	−0.280%	$1.2M	$7.4M	50x	as long as short
Pacifica TAOshort	+0.0100%	1h	303.27	−0.490%	$354K	$405K	10x
Binance TAOUSDT	+0.0100%	4h	304.18	−0.193%	$85.0M	$399.6M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	304.32	−0.146%	$58.0M	$117.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	304.10	−0.218%	$24.8M	$91.3M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	303.92	−0.277%	$135K	$590K	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	303.70	−0.349%	$12.0M	$47.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	303.85	−0.300%	$110.8M	$121.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	303.93	−0.273%	$18.1M	$26.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	303.97	−0.260%	$34.0M	$43.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	303.92	−0.277%	—	$30.5M	—	as long as short
Variational Omni TAOlong	+0.0100%	4h	304.76	long leg	$3.6M	$6.7M	—
edgeX TAOUSDC	+0.0100%	4h	303.81	−0.312%	$39K	$275K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.31	−0.477%	$531K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	304.80	+0.012%	$47K	$267K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	303.80	−0.316%	$82K	$658K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.69	−0.352%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.49	−0.418%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.53	−0.405%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	303.12	−0.539%	$120K	$351K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.66	−0.362%	$3.2M	$8.0M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.25	−0.498%	$167K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0114%	8h	303.41	−0.444%	$1K	$414K	5x	as long as short
Paradex TAO-USD-PERP	+0.0155%	8h	303.26	−0.493%	$14K	$992	10x	as long as short
Nado TAO-PERP	+0.0206%	1h	303.77	−0.325%	$727K	$1.8M	10x	as long as short
Phoenix TAO	+0.0234%	1h	303.50	−0.415%	$321K	$462K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0274%	1h	303.68	−0.356%	$16K	$1.3M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.24	−0.500%	$4.3M	$9.3M	100x	as long as short
01 Exchange TAOUSD	+0.0360%	1h	303.25	−0.497%	$3K	$4K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0464% / S −0.0175%	1h	303.42	−0.440%	$432K	—	100x	as long as short
Extended TAO-USD	+0.0568%	1h	304.06	−0.232%	$867K	$1.9M	25x	as long as short
Lighter TAO	+0.0616%	1h	304.50	−0.087%	$1.6M	$4.7M	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	303.70	−0.348%	$349	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0771%	1h	304.21	−0.182%	$465K	$689K	10x	as long as short
Hyperliquid TAO	+0.0933%	1h	304.76	−0.001%	$91.2M	$73.9M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	304.58	−0.060%	$1.5M	$5.3M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1037%	1h	303.92	−0.278%	$6.2M	$19.5M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	303.83	−0.305%	$400K	$529K	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	311.91	+2.345%	$23K	$135	12x	as long as short