Funding you earn now, next payment 08:00 UTC−0.0416%/8h= −45.6% APRnext payment −$2.08 per $10,000 · paid last 24h −0.021%
Price spread now: Phemex against Variational Omni−0.182%7-day average −0.039% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.021%−$2 on $10k
+Price spread, last 4 days (all we have)+0.203%+$20 · spread now −0.182%, 7d avg −0.039%
=Together, before fees+0.181%+ Points / potential airdropVariational Omni: Active · farm board+$18 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Phemex is 0.143% cheaper against Variational Omni than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.039%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.021% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$2.08 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni TAO | 323.58 | 0.0516 | pay 0.0258% / 4h | 2h 01m | $5.7M | $10.1M | — |
| Short | Phemex TAOUSDT | 322.99 | 0.0100 | get 0.0050% / 4h | 2h 01m | $3.3M | $8.1M | 50x |
Variational Omni TAO
Phemex TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$87.42
- Price spread: −0.182% → −0.039%
- −$14.29
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$113.71
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Phemex: live order book, 3 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, 3 min ago | 2.86 bp | doesn't fit | 11.3 bp −$113 | 36.5 bp −$3,650 | doesn't fit |
| Sell Phemex live order book, 3 min ago | 10.35 bp | 29.1 bp −$29 | 36.4 bp −$364 | 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 | −0.1440% | 1h | 322.10 | −0.458% | $171K | $333 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 323.07 | −0.157% | $21K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0026% | 1h | 323.84 | +0.080% | $129K | $85K | 5x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 323.20 | −0.117% | $26.9M | $129.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 323.10 | −0.148% | $14.2M | $52.3M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 323.26 | −0.098% | $17.7M | $31.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 322.98 | −0.185% | $36.4M | $57.7M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 323.47 | −0.033% | $83K | $974K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 323.01 | −0.176% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 323.59 | +0.004% | $121K | $576K | 20x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Phemex TAOUSDTshort | +0.0100% | 4h | 322.99 | −0.182% | $3.3M | $8.1M | 50x | |
| Popdex TAOUSDT | +0.0104% | 1h | 323.72 | +0.044% | $42K | $687K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 323.89 | +0.096% | $669 | $964K | 5x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 323.58 | −0.001% | $178K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDC | +0.0121% | 4h | 323.34 | −0.074% | $53K | $292K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0125% / S +0.0142% | 1h | 323.04 | −0.165% | $434K | — | 100x | as long as short |
| edgeX TAOUSDC | +0.0144% | 4h | 323.49 | −0.028% | $43K | $317K | 10x | as long as short |
| MEXC TAO_USDT | +0.0148% | 4h | 323.08 | −0.154% | $103.8M | $149.4M | 300x | as long as short |
| Binance TAOUSDT | +0.0156% | 4h | 323.21 | −0.114% | $94.1M | $519.0M | 75x | as long as short |
| Pacifica TAO | +0.0233% | 1h | 324.01 | +0.132% | $369K | $421K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0288% | 8h | 324.07 | +0.153% | $15K | $1K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0295% | 1h | 323.41 | −0.051% | $6.1M | $21.6M | 50x | as long as short |
| Nado TAO-PERP | +0.0300% | 1h | 323.72 | +0.043% | $820K | $2.2M | 10x | as long as short |
| Aster TAOUSDT | +0.0311% | 4h | 323.38 | −0.061% | $1.3M | $10.8M | 50x | as long as short |
| Bullet TAO-USD | +0.0318% | 1h | 323.48 | −0.030% | $12K | $17K | 20x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0342% | 1h | 323.29 | −0.090% | $22K | $1.9M | 25x | as long as short |
| BloFin TAO-USDT | +0.0396% | 4h | 323.57 | −0.003% | $4.6M | $11.2M | 100x | as long as short |
| Bybit TAOUSDT | +0.0413% | 4h | 323.23 | −0.108% | $70.8M | $154.8M | 50x | as long as short |
| BingX TAO-USDT | +0.0424% | 4h | 323.11 | −0.145% | — | $34.2M | — | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 324.30 | +0.223% | $111K | $377K | 5x | as long as short |
| Extended TAO-USD | +0.0488% | 1h | 323.24 | −0.105% | $921K | $2.4M | 25x | as long as short |
| GRVT TAO_USDT_Perp | +0.0490% | 4h | 324.22 | +0.199% | $553K | $948K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0495% | 1h | 323.55 | −0.009% | $47K | $257K | 50x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 325.20 | +0.501% | $324K | $713K | 5x | as long as short |
| Variational Omni TAOlong | +0.0516% | 4h | 323.58 | long leg | $5.7M | $10.1M | — | |
| Reya TAORUSDPERP | +0.0697% | 1h | 323.44 | −0.041% | $372 | — | 20x | as long as short |
| Lighter TAO | +0.0792% | 1h | 323.61 | +0.010% | $1.5M | $6.6M | 5x | as long as short |
| Hyperliquid TAO | +0.0799% | 1h | 323.64 | +0.019% | $95.7M | $109.8M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0816% | 1h | 323.92 | +0.106% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0848% | 1h | 323.18 | −0.123% | $320K | $894K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 324.66 | +0.334% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 323.89 | +0.098% | $465K | $651K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 323.62 | +0.013% | $24K | $2K | 12x | as long as short |
Popdex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
Orderly PERP_TAO_USDC
GMX TAO/USD [WBTC.b-USDC]
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Pacifica TAO
Paradex TAO-USD-PERP
Kraken Futures PF_TAOUSD
Nado TAO-PERP
Aster TAOUSDT
Bullet TAO-USD
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Bybit TAOUSDT
BingX TAO-USDT
Arcus TAO-USD
Extended TAO-USD
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Phoenix TAO
Reya TAORUSDPERP
Lighter TAO
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP