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+0.0461%/8h= +50.5% APRpaid last 24h −0.003%
Price spread now: Variational Omni against dYdX+0.008%7-day average +0.100% · you sell dearer than you buy
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)−0.152%−$15 on $10k
Price spread, last 4 days (all we have)+0.318%+$32 · spread now +0.008%, 7d avg +0.100%
Together, before fees+0.167%+ Points / potential airdropVariational Omni: Active · farm board+$17 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.091% cheaper against dYdX than usual: you would sell low and buy high (spread +0.008% now, against its 7-day average of +0.100%). If the spread goes back, that is −$9 on $10k: about 16 hours of funding at the current rate (+$14 a day). Mind the row above: over the last 3 days funding on this pair cost −0.152%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.152% in total (about -15.9% 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
LongdYdX TAO-USD315.140get 0.0000% / 1h15m 34s$126K$85K5x
ShortVariational Omni TAO315.170.0461get 0.0230% / 4h15m 34s$5.7M$9.9M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni against dYdX. 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
$96.76
Price spread: +0.008% → +0.100%
−$9.13
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$77.63
Costs to cover
0.100%
Break-even
1.4 days
Slippage unknown: dYdX: live order book, 43 min ago; Variational Omni: RFQ quote, 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 dYdX live order book, 43 min ago46.16 bp51.3 bp −$5167.7 bp −$677139.5 bp −$13.9K752.2 bp −$376.1K
Sell Variational Omni RFQ quote, 4 min ago2.89 bpdoesn't fit16.4 bp −$164doesn't fitdoesn'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
dYdX TAO-USDlong0.0000%1h315.14long leg$126K$85K5x
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h314.82−0.103%$20K150xas long as short
Kraken Futures PF_TAOUSD+0.0056%1h314.88−0.082%$5.5M$20.6M50xas long as short
Popdex TAOUSDT+0.0096%1h315.48+0.107%$43K$669K20xas long as short
Katana Perps TAO-USD+0.0098%8h315.21+0.021%$645$799K5xas long as short
Binance TAOUSDT+0.0100%4h315.46+0.099%$91.1M$494.8M75xas long as short
Bybit TAOUSDT+0.0100%4h315.48+0.107%$67.9M$148.9M50xas long as short
OKX TAO-USDT-SWAP+0.0100%8h315.10−0.014%$26.0M$120.6M50xas long as short
Gate TAO_USDT+0.0100%4h315.10−0.014%$13.0M$50.1M50xas long as short
MEXC TAO_USDT+0.0100%4h315.43+0.091%$110.9M$144.1M300xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin TAOUSDTM+0.0100%4h315.07−0.023%$17.7M$31.7M75xas long as short
Bitget TAOUSDT+0.0100%4h315.13−0.004%$35.2M$56.4M50xas long as short
BingX TAO-USDT+0.0100%4h315.37+0.072%$32.9Mas long as short
edgeX TAOUSDC+0.0100%4h315.19+0.015%$42K$313K10xas long as short
GRVT TAO_USDT_Perp+0.0100%4h315.53+0.124%$522K$956K10xas long as short
ApeX Omni TAOUSDT+0.0100%1h315.11−0.011%$46K$255K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h314.84−0.096%$77K$859K5xas long as short
Bullet TAO-USD+0.0100%1h315.03−0.036%$12K$18K20xas long as short
SunX TAO-USDT+0.0100%4h314.95−0.061%$1K$1.9M20xas long as short
HTX TAO-USDT+0.0100%4h314.31−0.264%$109K$535K20xas long as short
Phemex TAOUSDT+0.0100%4h314.74−0.128%$3.2M$8.1M50xas long as short
Aevo TAO-PERP+0.0104%1h315.22+0.024%$173K$9983xas long as short
Orderly PERP_TAO_USDC+0.0132%4h314.99−0.049%$56K$266K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0146% / S +0.0121%1h314.84−0.096%$428K100xas long as short
Paradex TAO-USD-PERP+0.0158%8h315.54+0.127%$14K$1K10xas long as short
Aster TAOUSDT+0.0181%4h315.17+0.009%$1.2M$10.4M50xas long as short
Extended TAO-USD+0.0200%1h315.30+0.050%$923K$2.4M25xas long as short
Nado TAO-PERP+0.0209%1h315.21+0.022%$801K$2.2M10xas long as short
Hyperliquid TAO+0.0267%1h315.40+0.083%$92.8M$106.5M5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0288%1h315.21+0.021%$25K$1.7M25xas long as short
01 Exchange TAOUSD+0.0320%1h315.59+0.142%$3K$4K5xas long as short
BloFin TAO-USDT+0.0340%4h315.30+0.050%$4.6M$10.9M100xas long as short
Lighter TAO+0.0344%1h315.64+0.157%$1.5M$6.5M5xas long as short
Arcus TAO-USD+0.0345%1h315.72+0.183%$99K$438K5xas long as short
Backpack TAO_USDC_PERP+0.0348%1h314.97−0.055%$315K$913K10xas long as short
Pacifica TAO+0.0365%1h315.36+0.069%$360K$412K10xas long as short
Variational Omni TAOshort+0.0461%4h315.17+0.008%$5.7M$9.9M
Phoenix TAO+0.0581%1h315.40+0.081%$314K$697K5xas long as short
Reya TAORUSDPERP+0.0697%1h314.86−0.090%$36220xas long as short
Bulk TAO-USD+0.0933%1h314.34−0.255%$167K$2K10xas long as short
RISEx TAO/USDC+0.0991%1h315.48+0.105%$436K$651K5xas long as short
Coinbase International TAO-PERP-INTX+0.1008%1h316.12+0.310%$1.5M$6.7M50xas long as short
Injective TAO/USDC PERP+0.4222%1h318.85+1.176%$23K$2K12xas long as short