Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0133%/8h= +14.6% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Variational Omni+0.113%7-day average −0.030% · you sell dearer than you buy

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

Long on Variational Omni Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.145%−$15 · spread now +0.113%, 7d avg −0.030%

Together, before fees−0.143%+ Points / potential airdropVariational Omni: Active · farm board−$14 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and ApeX Omni is 0.143% dearer against Variational Omni than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TAO	303.72	0.0100	pay 0.0050% / 4h	1h 44m	$3.6M	$6.6M	—
Short	ApeX Omni TAOUSDT	304.06	0.0233	get 0.0029% / 1h	44m 37s	$46K	$269K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.113%Rate

Funding earned: $27.97
Price spread: +0.113% → −0.030%: $14.33
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $32.3
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; ApeX Omni: live order book, 37 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, 5 min ago	2.89 bp	doesn't fit	10.5 bp −$105	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 37 min ago	4.86 bp	12.5 bp −$13	124.1 bp −$1,241	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	−0.0466%	1h	307.38	+1.206%	$202K	$17K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	304.27	+0.182%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	303.37	−0.114%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	303.32	−0.130%	$43K	$535K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	304.70	+0.324%	$85.3M	$410.3M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	304.68	+0.317%	$59.0M	$120.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	304.70	+0.324%	$24.4M	$94.8M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	304.67	+0.314%	$79K	$642K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	304.40	+0.225%	$12.1M	$48.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	304.73	+0.334%	$121.4M	$124.3M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	304.51	+0.261%	$18.5M	$26.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	304.37	+0.215%	$34.0M	$45.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	304.54	+0.271%	—	$30.4M	—	as long as short
Variational Omni TAOlong	+0.0100%	4h	303.72	long leg	$3.6M	$6.6M	—
edgeX TAOUSDC	+0.0100%	4h	303.67	−0.015%	$39K	$279K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	303.73	+0.005%	$502K	$967K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	303.64	−0.025%	$77K	$607K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	303.62	−0.032%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	303.60	−0.038%	$58K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	303.53	−0.061%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	305.99	+0.749%	$121K	$358K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	303.59	−0.042%	$3.2M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	303.57	−0.048%	$167K	$998	3x	as long as short
Aster TAOUSDT	+0.0109%	4h	303.95	+0.078%	$1.1M	$7.7M	50x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	304.25	+0.176%	$622	$486K	5x	as long as short
Paradex TAO-USD-PERP	+0.0153%	8h	304.57	+0.282%	$14K	$1K	10x	as long as short
Pacifica TAO	+0.0164%	1h	304.72	+0.332%	$360K	$370K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	303.33	−0.126%	$433K	—	100x	as long as short
ApeX Omni TAOUSDTshort	+0.0233%	1h	304.06	+0.113%	$46K	$269K	50x
Deribit TAO_USDC-PERPETUAL	+0.0322%	1h	303.69	−0.010%	$20K	$1.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	303.29	−0.140%	$4.2M	$9.3M	100x	as long as short
Backpack TAO_USDC_PERP	+0.0384%	1h	303.73	+0.005%	$378K	$757K	10x	as long as short
01 Exchange TAOUSD	+0.0392%	1h	304.64	+0.304%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0416%	1h	304.58	+0.286%	$1.6M	$5.3M	5x	as long as short
Nado TAO-PERP	+0.0436%	1h	303.50	−0.070%	$826K	$1.9M	10x	as long as short
Phoenix TAO	+0.0521%	1h	303.90	+0.061%	$322K	$491K	5x	as long as short
Reya TAORUSDPERP	+0.0695%	1h	303.55	−0.056%	$349	—	20x	as long as short
Extended TAO-USD	+0.0832%	1h	304.64	+0.303%	$835K	$2.0M	25x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	305.27	+0.512%	$1.5M	$5.6M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.1040%	1h	303.59	−0.040%	$5.8M	$19.7M	50x	as long as short
RISEx TAO/USDC	+0.1155%	1h	304.57	+0.281%	$410K	$545K	5x	as long as short
Hyperliquid TAO	+0.1263%	1h	304.49	+0.255%	$92.8M	$79.9M	5x	as long as short
Injective TAO/USDC PERP	+0.1621%	1h	308.73	+1.651%	$22K	$264	12x	as long as short