Settings8H · net · $10k
Funding arb · Price arb /

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0205%/8h= −22.5% APRpaid last 24h −0.007%
Price spread now: OKX against Variational Omni−0.008%7-day average −0.060% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.005%−$1 on $10k
Price spread, last 7 days−0.017%−$2 · spread now −0.008%, 7d avg −0.060%
Together, before fees−0.022%+ Points / potential airdropVariational Omni: Active · farm board−$2 on $10k · with fees, hour by hour
The price spread pays, funding is against you. OKX is 0.052% dearer against Variational Omni than usual: you sell high and buy low (spread −0.008% now, against its 7-day average of −0.060%): +$5 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 20 hours. At the pace of the last 3 days (−0.005% in total) that is about 35 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.005% in total (about -0.5% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni TAO320.130.0305pay 0.0153% / 4h3h 50m$5.5M$8.6M
ShortOKX TAO-USDT-SWAP320.100.0100get 0.0100% / 8h7h 50m$26.0M$107.1M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

OKX 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

Funding earned
−$43.14
Price spread: −0.008% → −0.060%
$5.18
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee OKX: 5 bp × 2 orders
−$10
Net
−$47.96
Costs to cover
0.100%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 min ago; OKX: live order book, 4 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 Variational Omni RFQ quote, 4 min ago2.87 bpdoesn't fit13.5 bp −$135doesn't fitdoesn't fit
Sell OKX live order book, 4 min ago1.57 bp8.7 bp −$918.2 bp −$18261.1 bp −$6,114doesn't fit

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
Bulk TAO-USD−0.1799%1h311.96−2.551%$167K$44K10xas long as short
dYdX TAO-USD0.0000%1h319.11−0.316%$128K$88K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h319.44−0.213%$21K150xas long as short
Popdex TAOUSDT+0.0096%1h320.46+0.105%$42K$579K20xas long as short
Binance TAOUSDT+0.0100%4h319.95−0.054%$92.0M$440.4M75xas long as short
OKX TAO-USDT-SWAPshort+0.0100%8h320.10−0.008%$26.0M$107.1M50x
Gate TAO_USDT+0.0100%4h319.90−0.070%$12.9M$49.7M50xas long as short
MEXC TAO_USDT+0.0100%4h320.03−0.030%$106.2M$131.9M300xas long as short
KuCoin TAOUSDTM+0.0100%4h319.94−0.058%$19.0M$28.4M75xas long as short
Bitget TAOUSDT+0.0100%4h320.04−0.027%$35.7M$49.0M50xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
edgeX TAOUSDC+0.0100%4h318.79−0.416%$36K$288K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h318.51−0.505%$48K$268K50xas long as short
Orderly PERP_TAO_USDC+0.0100%4h319.44−0.214%$57K$316K10xas long as short
SunX TAO-USDT+0.0100%4h319.10−0.320%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h319.75−0.117%$128K$422K20xas long as short
Phemex TAOUSDT+0.0100%4h319.50−0.195%$3.5M$7.8M50xas long as short
Aevo TAO-PERP+0.0104%1h319.73−0.125%$176K$9983xas long as short
Katana Perps TAO-USD+0.0105%8h320.26+0.042%$2K$595K5xas long as short
GRVT TAO_USDT_Perp+0.0168%4h320.12−0.002%$532K$945K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0174% / S +0.0085%1h319.38−0.232%$463K100xas long as short
Pacifica TAO+0.0185%1h319.73−0.123%$378K$371K10xas long as short
Arcus TAO-USD+0.0201%1h320.45+0.101%$85K$545K5xas long as short
Paradex TAO-USD-PERP+0.0226%8h319.61−0.160%$14K$1K10xas long as short
Aster TAOUSDT+0.0230%4h319.67−0.142%$1.1M$8.1M50xas long as short
Bullet TAO-USD+0.0280%1h319.91−0.069%$12K$17K20xas long as short
Deribit TAO_USDC-PERPETUAL+0.0305%1h319.26−0.269%$22K$1.5M25xas long as short
Variational Omni TAOlong+0.0305%4h320.13long leg$5.5M$8.6M
BloFin TAO-USDT+0.0340%4h319.32−0.252%$4.4M$10.9M100xas long as short
Polymarket Perps TAO-USD+0.0365%1h320.29+0.051%$100K$634K5xas long as short
BingX TAO-USDT+0.0378%4h320.16+0.011%$30.8Mas long as short
Kraken Futures PF_TAOUSD+0.0480%1h319.51−0.191%$5.8M$20.3M50xas long as short
Phoenix TAO+0.0525%1h321.00+0.273%$336K$624K5xas long as short
Injective TAO/USDC PERP+0.0571%1h320.58+0.142%$23K$49512xas long as short
Bybit TAOUSDT+0.0646%4h320.11−0.005%$66.0M$130.3M50xas long as short
Reya TAORUSDPERP+0.0695%1h319.82−0.096%$36820xas long as short
Nado TAO-PERP+0.0746%1h319.93−0.062%$891K$2.0M10xas long as short
01 Exchange TAOUSD+0.0832%1h320.61+0.151%$3K$4K5xas long as short
Coinbase International TAO-PERP-INTX+0.0984%1h321.35+0.383%$1.5M$6.1M50xas long as short
Backpack TAO_USDC_PERP+0.1014%1h320.47+0.108%$320K$820K10xas long as short
Extended TAO-USD+0.1056%1h319.25−0.274%$933K$2.2M25xas long as short
RISEx TAO/USDC+0.1141%1h320.37+0.075%$423K$590K5xas long as short
Lighter TAO+0.1760%1h320.08−0.015%$1.7M$5.9M5xas long as short
Hyperliquid TAO+0.2904%1h321.05+0.289%$105.0M$88.6M5xas long as short