Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0228%/8h= +24.9% APRpaid last 24h +0.151%

Price spread now: RISEx against Variational Omni+0.257%7-day average −0.034% · you sell dearer than you buy

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

Long on Variational Omni Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.466%+$47 on $10k

Price spread, last 4 days (all we have)−1.111%−$111 · spread now +0.257%, 7d avg −0.034%

Together, before fees−0.645%+ Points / potential airdropVariational Omni: Active · farm board−$65 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and RISEx is 0.292% dearer against Variational Omni than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TAO	316.00	0.0612	pay 0.0306% / 4h	3h 46m	$5.6M	$10.1M	—
Short	RISEx TAO/USDC	316.82	0.0840	get 0.0105% / 1h	46m 02s	$446K	$673K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.257%Rate

Funding earned: $47.84
Price spread: +0.257% → −0.034%: $29.16
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee RISEx: 3 bp × 2 orders: −$6
Net: $71
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; RISEx: live order book, 52 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	10.1 bp −$101	35.8 bp −$3,582	doesn't fit
Sell RISEx live order book, 52 min ago	2.68 bp	5.7 bp −$6	27.0 bp −$270	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	316.60	+0.190%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0066%	1h	316.46	+0.143%	$127K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.86	+0.271%	$50K	$717K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	316.69	+0.217%	$919	$1.2M	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.60	+0.189%	$26.4M	$131.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.40	+0.126%	$14.8M	$49.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.73	+0.230%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.52	+0.164%	$35.6M	$57.8M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.92	+0.290%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.68	+0.214%	$1K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	316.36	+0.113%	$116K	$589K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	316.61	+0.192%	$3.2M	$8.2M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	316.98	+0.311%	$174K	$998	3x	as long as short
MEXC TAO_USDT	+0.0160%	4h	316.71	+0.224%	$104.3M	$151.6M	300x	as long as short
edgeX TAOUSDC	+0.0164%	4h	316.63	+0.200%	$42K	$321K	10x	as long as short
Binance TAOUSDT	+0.0165%	4h	316.71	+0.223%	$92.7M	$531.8M	75x	as long as short
Orderly PERP_TAO_USDC	+0.0206%	4h	316.80	+0.252%	$54K	$299K	10x	as long as short
Bullet TAO-USD	+0.0217%	1h	316.79	+0.248%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0228%	4h	316.92	+0.289%	$542K	$887K	10x	as long as short
Bulk TAO-USD	+0.0233%	1h	316.19	+0.059%	$168K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0251%	8h	316.91	+0.286%	$14K	$876	10x	as long as short
ApeX Omni TAOUSDT	+0.0294%	1h	316.58	+0.183%	$46K	$259K	50x	as long as short
Aster TAOUSDT	+0.0326%	4h	316.76	+0.238%	$1.2M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	316.87	+0.273%	$371K	$442K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0362% / S −0.0107%	1h	316.59	+0.186%	$372K	—	100x	as long as short
Extended TAO-USD	+0.0376%	1h	316.65	+0.205%	$899K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0402%	4h	316.72	+0.227%	$4.8M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	317.05	+0.331%	$100K	$377K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0439%	1h	316.84	+0.265%	$15K	$1.9M	25x	as long as short
Bybit TAOUSDT	+0.0481%	4h	316.76	+0.240%	$69.7M	$156.3M	50x	as long as short
Hyperliquid TAO	+0.0517%	1h	316.78	+0.246%	$93.3M	$110.1M	5x	as long as short
BingX TAO-USDT	+0.0568%	4h	316.67	+0.211%	—	$37.4M	—	as long as short
Nado TAO-PERP	+0.0569%	1h	316.80	+0.253%	$769K	$2.0M	10x	as long as short
Phoenix TAO	+0.0578%	1h	315.60	−0.127%	$317K	$714K	5x	as long as short
Variational Omni TAOlong	+0.0612%	4h	316.00	long leg	$5.6M	$10.1M	—
Lighter TAO	+0.0616%	1h	316.83	+0.262%	$1.6M	$6.6M	5x	as long as short
01 Exchange TAOUSD	+0.0616%	1h	317.23	+0.388%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	316.86	+0.272%	$364	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0773%	1h	316.69	+0.217%	$317K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0786%	1h	316.71	+0.223%	$6.0M	$21.3M	50x	as long as short
RISEx TAO/USDCshort	+0.0840%	1h	316.82	+0.257%	$446K	$673K	5x
Coinbase International TAO-PERP-INTX	+0.0944%	1h	317.10	+0.347%	$1.2M	$7.3M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	319.36	+1.062%	$23K	$2K	12x	as long as short