Funding you earn now, next payment 02:00 UTC−0.0678%/8h= −74.2% APRpaid last 24h −0.008%
Price spread now: Popdex against Variational Omni+1.117%7-day average −0.060% · 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)−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)−1.263%−$126 · spread now +1.117%, 7d avg −0.060%
=Together, before fees−1.272%+ Points / potential airdropVariational Omni: Active · farm board−$127 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Popdex is 1.176% dearer against Variational Omni than usual: you sell high and buy low (spread +1.117% now, against its 7-day average of −0.060%): +$118 on $10k if it goes back. Holding the pair costs −$20 a day in funding at the current rate, which eats that in about 5.8 days. At the pace of the last 3 days (−0.009% in total) that is about 14 months.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.009% in total (about -1.0% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TAO | 311.95 | 0.0774 | pay 0.0387% / 4h | 2h 26m | $5.4M | $8.8M | — |
| Short | Popdex TAOUSDT | 315.43 | 0.0096 | get 0.0012% / 1h | 26m 30s | $39K | $626K | 20x |
Variational Omni TAO
Popdex TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Popdex 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
- −$142.29
- Price spread: +1.117% → −0.060%
- $117.63
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Popdex: 3.2 bp × 2 orders
- −$6.4
- Net
- −$31.06
- Costs to cover
- 0.064%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Popdex: live order book, 43 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, 3 min ago | 2.88 bp | doesn't fit | 15.1 bp −$151 | doesn't fit | doesn't fit |
| Sell Popdex live order book, 43 min ago | 1.74 bp | 10.9 bp −$11 | 92.1 bp −$921 | doesn't fit | doesn't fit |
TAO on 42 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 | 315.19 | +1.039% | $126K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 314.22 | +0.728% | $12K | — | 150x | as long as short |
| Popdex TAOUSDTshort | +0.0096% | 1h | 315.43 | +1.117% | $39K | $626K | 20x | |
| Binance TAOUSDT | +0.0100% | 4h | 315.39 | +1.104% | $90.4M | $464.1M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 315.20 | +1.043% | $25.9M | $112.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.20 | +1.043% | $12.8M | $50.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 315.33 | +1.085% | $109.3M | $138.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.03 | +0.988% | $18.1M | $30.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 315.11 | +1.014% | $35.2M | $53.3M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.67 | +0.233% | $35K | $298K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.06 | +0.357% | $47K | $256K | 50x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 314.54 | +0.831% | $57K | $282K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.35 | +0.770% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.34 | +0.767% | $129K | $472K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 314.26 | +0.742% | $3.4M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 314.86 | +0.935% | $173K | $998 | 3x | as long as short |
| GRVT TAO_USDT_Perp | +0.0116% | 4h | 313.32 | +0.439% | $516K | $966K | 10x | as long as short |
| Katana Perps TAO-USD | +0.0121% | 8h | 315.57 | +1.162% | $1K | $700K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0148% | 1h | 315.38 | +1.101% | $83K | $679K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0168% | 1h | 314.46 | +0.807% | $5.6M | $20.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0169% / S +0.0091% | 1h | 314.13 | +0.699% | $439K | — | 100x | as long as short |
| Bullet TAO-USD | +0.0224% | 1h | 314.52 | +0.825% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0238% | 4h | 315.09 | +1.009% | $1.3M | $9.4M | 50x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 315.50 | +1.140% | $371K | $381K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0332% | 8h | 315.42 | +1.113% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 315.73 | +1.213% | $99K | $529K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0470% | 1h | 312.28 | +0.107% | $23K | $2K | 12x | as long as short |
| Nado TAO-PERP | +0.0503% | 1h | 315.31 | +1.078% | $780K | $2.1M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0574% | 1h | 314.52 | +0.825% | $24K | $1.5M | 25x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 312.30 | +0.113% | $326K | $681K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0640% | 1h | 315.74 | +1.216% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 314.43 | +0.795% | $362 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0760% | 4h | 315.39 | +1.104% | — | $31.0M | — | as long as short |
| Variational Omni TAOlong | +0.0774% | 4h | 311.95 | long leg | $5.4M | $8.8M | — | |
| Bybit TAOUSDT | +0.0832% | 4h | 315.46 | +1.126% | $66.1M | $137.6M | 50x | as long as short |
| Extended TAO-USD | +0.0896% | 1h | 315.28 | +1.067% | $903K | $2.3M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0897% | 1h | 314.73 | +0.892% | $318K | $814K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 315.37 | +1.097% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 315.46 | +1.126% | $451K | $630K | 5x | as long as short |
| Hyperliquid TAO | +0.1234% | 1h | 315.50 | +1.139% | $99.7M | $94.8M | 5x | as long as short |
| Lighter TAO | +0.1424% | 1h | 315.82 | +1.243% | $1.6M | $6.0M | 5x | as long as short |
| Bulk TAO-USD | +0.2752% | 1h | 308.95 | −0.962% | $164K | $40K | 10x | as long as short |
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
GRVT TAO_USDT_Perp
Katana Perps TAO-USD
Polymarket Perps TAO-USD
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Bullet TAO-USD
Aster TAOUSDT
Pacifica TAO
Paradex TAO-USD-PERP
Arcus TAO-USD
Injective TAO/USDC PERP
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
BingX TAO-USDT
Bybit TAOUSDT
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Lighter TAO
Bulk TAO-USD