Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0371%/8h= +40.6% APRpaid last 24h −0.005%

Price spread now: Variational Omni against Paradex+0.551%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Variational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and Variational Omni is 0.551% dearer against Paradex than usual: you sell high and buy low: +$55 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex TAO-USD-PERP	312.34	0.0236	pay 0.0236% / 8h	7h 00m	$14K	$1K	10x
Short	Variational Omni TAO	314.06	0.0606	get 0.0303% / 4h	3h 00m	$5.4M	$8.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Paradex. 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 ParadexbpFee Variational OmnibpOrdersPrice spread, now +0.551%Rate

Funding earned: $77.81
Price spread: +0.551% → 0.000%: $55.15
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $128.96
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Variational Omni: RFQ quote, 4 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 Paradex no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 4 min ago	2.88 bp	doesn't fit	22.0 bp −$220	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1228%	1h	316.14	+1.217%	$168K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	312.20	−0.043%	$125K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0002%	1h	313.53	+0.381%	$12K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0037%	1h	313.45	+0.357%	$16K	$1.5M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	312.09	−0.079%	$43K	$608K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	312.17	−0.053%	$89.7M	$453.5M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	312.20	−0.044%	$25.4M	$108.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	312.10	−0.076%	$12.6M	$51.5M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	312.39	+0.017%	$100.1M	$138.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	312.41	+0.023%	$18.1M	$29.8M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	311.66	−0.217%	$34.6M	$51.9M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.16	+0.904%	$40K	$294K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.35	+1.285%	$524K	$958K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.60	+0.724%	$48K	$267K	50x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	313.55	+0.388%	$56K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.42	+0.347%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.00	+0.532%	$125K	$422K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.05	+0.547%	$172K	$998	3x	as long as short
Bullet TAO-USD	+0.0112%	1h	313.83	+0.478%	$12K	$17K	20x	as long as short
Katana Perps TAO-USD	+0.0119%	8h	312.13	−0.066%	$639	$648K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0172% / S +0.0105%	1h	313.46	+0.360%	$442K	—	100x	as long as short
Aster TAOUSDT	+0.0180%	4h	312.31	−0.009%	$1.3M	$9.0M	50x	as long as short
Pacifica TAO	+0.0185%	1h	312.48	+0.046%	$370K	$376K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	312.47	+0.042%	$83K	$550K	5x	as long as short
Paradex TAO-USD-PERPlong	+0.0236%	8h	312.34	long leg	$14K	$1K	10x
Polymarket Perps TAO-USD	+0.0255%	1h	312.50	+0.052%	$91K	$633K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	313.38	+0.334%	$4.4M	$10.7M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0489%	1h	313.40	+0.341%	$5.6M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	313.80	+0.468%	$328K	$624K	5x	as long as short
01 Exchange TAOUSD	+0.0560%	1h	312.23	−0.034%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	316.84	+1.442%	$23K	$2K	12x	as long as short
Variational Omni TAOshort	+0.0606%	4h	314.06	+0.551%	$5.4M	$8.7M	—
Phemex TAOUSDT	+0.0668%	4h	313.70	+0.436%	$3.4M	$7.8M	50x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	312.17	−0.052%	$359	—	20x	as long as short
BingX TAO-USDT	+0.0704%	4h	312.26	−0.025%	—	$30.8M	—	as long as short
Bybit TAOUSDT	+0.0743%	4h	312.56	+0.071%	$63.7M	$134.6M	50x	as long as short
Nado TAO-PERP	+0.0762%	1h	312.48	+0.045%	$774K	$2.1M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0797%	1h	313.01	+0.215%	$316K	$818K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	314.47	+0.683%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1080%	1h	312.08	−0.082%	$910K	$2.4M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	312.13	−0.068%	$414K	$602K	5x	as long as short
Lighter TAO	+0.1424%	1h	313.01	+0.215%	$1.6M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1710%	1h	312.85	+0.162%	$100.0M	$91.8M	5x	as long as short