Funding you earn now, next payment 22:00 UTC−0.0840%/8h= −92.0% APRpaid last 24h −0.019%
Price spread now: Variational Omni against Backpack+0.213%7-day average +0.032% · 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)−0.046%−$5 on $10k
+Price spread, last 4 days (all we have)−0.102%−$10 · spread now +0.213%, 7d avg +0.032%
=Together, before fees−0.148%+ Points / potential airdropVariational Omni: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.181% dearer against Backpack than usual: you sell high and buy low (spread +0.213% now, against its 7-day average of +0.032%): +$18 on $10k if it goes back. Holding the pair costs −$25 a day in funding at the current rate, which eats that in about 17 hours. At the pace of the last 3 days (−0.046% in total) that is about 13 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.046% in total (about -5.2% 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 | Backpack TAO_USDC_PERP | 308.44 | 0.0940 | pay 0.0118% / 1h | 10m 43s | $384K | $754K | 10x |
| Short | Variational Omni TAO | 309.10 | 0.0100 | get 0.0050% / 4h | 2h 10m | $3.7M | $6.6M | — |
Backpack TAO_USDC_PERP
Variational Omni TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Backpack. 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
- −$176.48
- Price spread: +0.213% → +0.032%
- $18.08
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$168.4
- Costs to cover
- 0.100%
- Break-even
- from the start
Slippage unknown: Backpack: live order book, 13 min ago; Variational Omni: RFQ quote, 3 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 Backpack live order book, 13 min ago | 0.16 bp | 20.3 bp −$20 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 3.36 bp | doesn't fit | 16.9 bp −$169 | 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 | −0.0601% | 1h | 309.73 | +0.418% | $203K | $57K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 308.16 | −0.090% | $129K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 308.07 | −0.121% | $26K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 307.91 | −0.172% | $41K | $528K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 308.59 | +0.049% | $365K | $367K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 308.67 | +0.076% | $86.5M | $405.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 308.64 | +0.065% | $60.0M | $119.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 308.60 | +0.052% | $25.5M | $93.7M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 308.01 | −0.139% | $137K | $603K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 308.30 | −0.045% | $12.3M | $48.6M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 308.64 | +0.065% | $118.5M | $125.8M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 308.36 | −0.026% | $18.7M | $26.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 308.27 | −0.055% | $34.5M | $44.6M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 308.43 | −0.003% | — | $30.4M | — | as long as short |
| Variational Omni TAOshort | +0.0100% | 4h | 309.10 | +0.213% | $3.7M | $6.6M | — | |
| edgeX TAOUSDC | +0.0100% | 4h | 309.74 | +0.422% | $40K | $278K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 308.77 | +0.108% | $549K | $965K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 309.90 | +0.473% | $47K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 308.44 | 0.000% | $78K | $675K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 308.50 | +0.019% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 308.13 | −0.101% | $59K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 308.39 | −0.016% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 307.60 | −0.272% | $121K | $353K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 308.12 | −0.104% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 308.15 | −0.094% | $169K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 307.83 | −0.198% | $880 | $449K | 5x | as long as short |
| Aster TAOUSDT | +0.0154% | 4h | 308.41 | −0.010% | $1.1M | $7.6M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0158% | 8h | 308.60 | +0.052% | $14K | $1K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0210% | 1h | 308.19 | −0.080% | $14K | $1.3M | 25x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 308.80 | +0.117% | $327K | $462K | 5x | as long as short |
| Nado TAO-PERP | +0.0309% | 1h | 308.00 | −0.142% | $852K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 308.31 | −0.042% | $4.3M | $9.5M | 100x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0485% / S −0.0184% | 1h | 308.14 | −0.099% | $453K | — | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0528% | 1h | 308.19 | −0.081% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 308.18 | −0.084% | $354 | — | 20x | as long as short |
| Extended TAO-USD | +0.0728% | 1h | 308.47 | +0.010% | $907K | $2.0M | 25x | as long as short |
| Lighter TAO | +0.0920% | 1h | 308.86 | +0.137% | $1.7M | $4.8M | 5x | as long as short |
| Backpack TAO_USDC_PERPlong | +0.0940% | 1h | 308.44 | long leg | $384K | $754K | 10x | |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 310.60 | +0.700% | $1.5M | $5.5M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1022% | 1h | 308.44 | −0.001% | $6.4M | $19.1M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 307.96 | −0.157% | $412K | $542K | 5x | as long as short |
| Hyperliquid TAO | +0.1815% | 1h | 309.14 | +0.227% | $96.7M | $77.5M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 308.73 | +0.094% | $22K | $271 | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
Nado TAO-PERP
BloFin TAO-USDT
GMX TAO/USD [WBTC.b-USDC]
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP