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Funding arb · Price arb /

TAO

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Alert: funding
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Alert: spread
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Funding you earn now, next payment 09:00 UTC−0.0083%/8h= −9.1% APRpaid last 24h −0.133%
Price spread now: Variational Omni against Reya+0.034%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Long on ReyaShort on Variational Omni
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)—no history yet
Price spread, last 7 days—no price history on both exchanges yet
Together, before fees—+ Points / potential airdropReya: Active · Variational Omni: Active · farm boardneeds both histories
The price spread pays, funding is against you. Variational Omni is 0.034% dearer against Reya than usual: you sell high and buy low (spread +0.034% now, against zero (this spread has no 7-day history yet)): +$3 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 33 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongReya TAORUSDPERP319.190.0698pay 0.0087% / 1h20m 55s$367—20x
ShortVariational Omni TAO319.300.0616get 0.0308% / 4h3h 20m$5.6M$10.0M—

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against Reya. 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

Funding earned
−$17.38
Price spread: +0.034% → 0.000%
$3.39
Slippage, 4 orders
no order book: not counted
Fee Reya: 3 bp × 2 orders
−$6
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$19.99
Costs to cover
0.060%
Break-even
never at this rate
Slippage unknown: Reya: no order-book sample; 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
LegHalf-spread$10k$100k$1M$5M
Buy Reya no order-book sample—————
Sell Variational Omni RFQ quote, 3 min ago2.87 bpdoesn't fit19.0 bp −$19046.1 bp −$4,614doesn't fit
Reya: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0003%1h318.70−0.155%$20K—150xas long as short
Popdex TAOUSDT+0.0096%1h319.27+0.025%$49K$699K20xas long as short
Bybit TAOUSDT+0.0100%4h319.32+0.041%$69.8M$155.1M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h319.20+0.003%$26.5M$131.0M50xas long as short
Bulk TAO-USD+0.0100%1h315.14−1.269%$167K$010xas long as short
Gate TAO_USDT+0.0100%4h319.00−0.060%$15.2M$50.1M50xas long as short
KuCoin TAOUSDTM+0.0100%4h319.26+0.022%$17.6M$32.4M75xas long as short
Bitget TAOUSDT+0.0100%4h319.16−0.010%$36.1M$57.1M50xas long as short
Polymarket Perps TAO-USD+0.0100%1h318.85−0.107%$88K$1.1M5xas long as short
SunX TAO-USDT+0.0100%4h319.29+0.031%$1K$1.9M20xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
HTX TAO-USDT+0.0100%4h319.10−0.028%$116K$573K20xas long as short
Phemex TAOUSDT+0.0100%4h319.17−0.006%$3.2M$8.1M50xas long as short
Katana Perps TAO-USD+0.0105%8h319.03−0.050%$2K$1.2M5xas long as short
Aevo TAO-PERP+0.0120%1h319.61+0.131%$176K$9983xas long as short
BingX TAO-USDT+0.0140%4h319.27+0.025%—$38.9M—as long as short
edgeX TAOUSDC+0.0141%4h318.39−0.250%$42K$321K10xas long as short
MEXC TAO_USDT+0.0152%4h319.24+0.016%$110.2M$153.5M300xas long as short
Binance TAOUSDT+0.0161%4h319.26+0.022%$93.0M$523.7M75xas long as short
Orderly PERP_TAO_USDC+0.0231%4h319.65+0.144%$54K$293K10xas long as short
Paradex TAO-USD-PERP+0.0242%8h319.32+0.040%$14K$87610xas long as short
dYdX TAO-USD+0.0271%1h318.81−0.119%$128K$88K5xas long as short
ApeX Omni TAOUSDT+0.0282%1h318.62−0.179%$45K$257K50xas long as short
Bullet TAO-USD+0.0288%1h319.43+0.076%$12K$17K20xas long as short
Aster TAOUSDT+0.0327%4h319.27+0.025%$1.2M$11.1M50xas long as short
GRVT TAO_USDT_Perp+0.0332%4h317.64−0.485%$538K$838K10xas long as short
Pacifica TAO+0.0349%1h319.27+0.025%$368K$445K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0367% / S −0.0109%1h319.01−0.057%$378K—100xas long as short
Extended TAO-USD+0.0400%1h319.17−0.008%$897K$2.3M25xas long as short
BloFin TAO-USDT+0.0401%4h319.50+0.097%$4.8M$10.9M100xas long as short
Arcus TAO-USD+0.0404%1h319.44+0.078%$101K$360K5xas long as short
Nado TAO-PERP+0.0443%1h319.17−0.006%$773K$2.0M10xas long as short
Hyperliquid TAO+0.0567%1h319.68+0.153%$94.9M$109.1M5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0578%1h319.61+0.130%$9K$1.9M25xas long as short
Phoenix TAO+0.0578%1h319.20+0.003%$321K$714K5xas long as short
Variational Omni TAOshort+0.0616%4h319.30+0.034%$5.6M$10.0M—
01 Exchange TAOUSD+0.0616%1h319.80+0.191%$3K$4K5xas long as short
Lighter TAO+0.0680%1h319.55+0.113%$1.6M$6.7M5xas long as short
Reya TAORUSDPERPlong+0.0698%1h319.19long leg$367—20x
Backpack TAO_USDC_PERP+0.0743%1h319.49+0.094%$315K$1.0M10xas long as short
Kraken Futures PF_TAOUSD+0.0779%1h319.47+0.086%$6.1M$21.2M50xas long as short
RISEx TAO/USDC+0.0840%1h318.31−0.274%$453K$706K5xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h319.75+0.175%$1.1M$7.5M50xas long as short
Injective TAO/USDC PERP+0.3512%1h317.77−0.445%$23K$2K12xas long as short