Funding you earn now, next payment 23:00 UTC−0.0319%/8h= −34.9% APRpaid last 24h −0.082%
Price spread now: Variational Omni against Phoenix−0.002%54s7-day average −0.068% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.246%−$25 on $10k
+Price spread, last 3 days (all we have)+0.044%+$4 · spread now −0.002%, 7d avg −0.068%
=Together, before fees−0.202%+ Points / potential airdropVariational Omni: Active · farm board−$20 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.065% dearer against Phoenix than usual: you sell high and buy low (spread −0.002% now, against its 7-day average of −0.068%): +$7 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 16 hours. The two prices were read 54 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 | Phoenix TAO | 312.90 | 0.0537 | pay 0.0067% / 1h | 18m 34s | $327K | $521K | 5x |
| Short | Variational Omni TAO | 312.89 | 0.0218 | get 0.0109% / 4h | 18m 34s | $3.9M | $7.1M | — |
Phoenix TAO
Variational Omni TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phoenix. 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
- −$66.99
- Price spread: −0.002% → −0.068%
- $6.55
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$67.44
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Phoenix: live order book, 59 min ago; Variational Omni: RFQ quote, 1 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 Phoenix live order book, 59 min ago | 3.27 bp | 12.3 bp −$12 | 23.0 bp −$230 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 2.88 bp | doesn't fit | 18.6 bp −$186 | 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 | −0.2753% | 1h | 312.56 | −0.109% | $167K | $47K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 311.58 | −0.422% | $125K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 312.27 | −0.201% | $27K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.95 | +0.655% | $23K | $361 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 312.25 | −0.208% | $37K | $565K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 312.02 | −0.283% | $369K | $363K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 312.24 | −0.210% | $88.6M | $427.8M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 312.33 | −0.182% | $61.5M | $125.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 312.50 | −0.128% | $25.0M | $101.5M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 311.80 | −0.352% | $12.4M | $50.1M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
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 | 312.20 | −0.224% | $110.3M | $131.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 311.92 | −0.313% | $18.4M | $27.8M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 312.10 | −0.256% | $34.9M | $46.7M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 312.36 | −0.173% | — | $30.3M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.50 | −0.448% | $40K | $280K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 312.50 | −0.127% | $518K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 311.35 | −0.495% | $47K | $268K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.62 | −0.089% | $76K | $466K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.51 | −0.124% | $11K | $17K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 312.45 | −0.144% | $60K | $275K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.36 | −0.173% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.53 | −0.118% | $127K | $410K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.59 | −0.099% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.68 | −0.070% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 312.14 | −0.243% | $2K | $557K | 5x | as long as short |
| Aster TAOUSDT | +0.0175% | 4h | 312.09 | −0.257% | $1.1M | $7.9M | 50x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 312.56 | −0.109% | $83K | $565K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0188% | 8h | 312.32 | −0.184% | $14K | $1K | 10x | as long as short |
| Variational Omni TAOshort | +0.0218% | 4h | 312.89 | −0.002% | $3.9M | $7.1M | — | |
| Deribit TAO_USDC-PERPETUAL | +0.0248% | 1h | 312.50 | −0.129% | $21K | $1.5M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.58 | −0.102% | $4.4M | $10.5M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0450% | 1h | 312.51 | −0.126% | $5.7M | $19.9M | 50x | as long as short |
| Nado TAO-PERP | +0.0453% | 1h | 312.52 | −0.122% | $822K | $2.0M | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0475% / S −0.0175% | 1h | 312.27 | −0.202% | $448K | — | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0516% | 1h | 312.62 | −0.089% | $292K | $803K | 10x | as long as short |
| Phoenix TAOlong | +0.0537% | 1h | 312.90 | long leg | $327K | $521K | 5x | |
| 01 Exchange TAOUSD | +0.0600% | 1h | 312.51 | −0.125% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 312.47 | −0.139% | $359 | — | 20x | as long as short |
| Extended TAO-USD | +0.0856% | 1h | 312.30 | −0.193% | $859K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 313.27 | +0.118% | $1.5M | $5.8M | 50x | as long as short |
| Lighter TAO | +0.1208% | 1h | 312.25 | −0.206% | $1.6M | $5.8M | 5x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 312.42 | −0.152% | $413K | $578K | 5x | as long as short |
| Hyperliquid TAO | +0.1632% | 1h | 312.16 | −0.236% | $97.2M | $84.2M | 5x | 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
Arcus TAO-USD
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
Nado TAO-PERP
GMX TAO/USD [WBTC.b-USDC]
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Lighter TAO
RISEx TAO/USDC
Hyperliquid TAO