Funding you earn now, next payment 12:00 UTC+0.0167%/8h= +18.3% APRpaid last 24h −0.023%
Price spread now: Variational Omni against GMX+0.089%50s7-day average +0.063% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.325%−$33 on $10k
+Price spread, last 4 days (all we have)−0.152%−$15 · spread now +0.089%, 7d avg +0.063%
=Together, before fees−0.477%+ Points / potential airdropVariational Omni: Active · farm board−$48 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Variational Omni is 0.025% dearer against GMX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.063%. Mind the row above: over the last 4 days funding on this pair cost −0.325%, so the current rate has only just turned in your favour. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX TAO/USD [WBTC.b-USDC] | 315.53 | L +0.0375% / S −0.0116% | pay 0.0047% / 1h | 30m 31s | $380K | — | 100x |
| Short | Variational Omni TAO | 315.81 | 0.0542 | get 0.0271% / 4h | 30m 31s | $6.3M | $9.9M | — |
GMX TAO/USD [WBTC.b-USDC]
Variational Omni TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against GMX. 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
- $35
- Price spread: +0.089% → +0.063%
- $2.55
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $25.55
- Costs to cover
- 0.120%
- Break-even
- 1.9 days
Slippage unknown: GMX: no order-book sample; Variational Omni: RFQ quote, 2 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 GMX no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 2 min ago | 2.88 bp | doesn't fit | 15.6 bp −$156 | doesn't fit | doesn't fit |
GMX: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 315.49 | −0.013% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 315.89 | +0.114% | $58K | $615K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 315.80 | +0.086% | $26.9M | $125.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.60 | +0.022% | $16.3M | $47.0M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.78 | +0.079% | $17.4M | $30.7M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 315.56 | +0.010% | $35.7M | $53.3M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 315.70 | +0.054% | $69K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.55 | +0.006% | $2K | $1.7M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 315.04 | −0.155% | $114K | $524K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0101% | 8h | 315.70 | +0.054% | $1K | $1.3M | 5x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USDShow all 43 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Extended TAO-USD | +0.0104% | 1h | 315.58 | +0.015% | $886K | $2.1M | 25x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 315.90 | +0.118% | $173K | $998 | 3x | as long as short |
| Binance TAOUSDT | +0.0156% | 4h | 315.83 | +0.096% | $94.0M | $500.5M | 75x | as long as short |
| MEXC TAO_USDT | +0.0156% | 4h | 315.84 | +0.098% | $113.1M | $148.2M | 300x | as long as short |
| edgeX TAOUSDC | +0.0163% | 4h | 315.73 | +0.063% | $42K | $325K | 10x | as long as short |
| Bullet TAO-USD | +0.0187% | 1h | 315.85 | +0.100% | $12K | $15K | 20x | as long as short |
| Pacifica TAO | +0.0223% | 1h | 315.73 | +0.062% | $383K | $454K | 10x | as long as short |
| dYdX TAO-USD | +0.0228% | 1h | 315.53 | −0.001% | $266K | $227K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0238% | 1h | 315.76 | +0.073% | $45K | $254K | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0250% | 8h | 315.64 | +0.035% | $14K | $769 | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0270% | 4h | 316.37 | +0.267% | $536K | $782K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0272% | 4h | 315.74 | +0.067% | $53K | $262K | 10x | as long as short |
| Bybit TAOUSDT | +0.0312% | 4h | 315.85 | +0.102% | $70.0M | $152.3M | 50x | as long as short |
| BingX TAO-USDT | +0.0336% | 4h | 315.73 | +0.064% | — | $37.2M | — | as long as short |
| Phemex TAOUSDT | +0.0341% | 4h | 315.80 | +0.086% | $3.2M | $8.2M | 50x | as long as short |
| Aster TAOUSDT | +0.0352% | 4h | 315.81 | +0.089% | $1.2M | $11.6M | 50x | as long as short |
| Nado TAO-PERP | +0.0357% | 1h | 315.94 | +0.132% | $658K | $2.0M | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]long | L +0.0375% / S −0.0116% | 1h | 315.53 | long leg | $380K | — | 100x | |
| BloFin TAO-USDT | +0.0400% | 4h | 315.87 | +0.108% | $4.8M | $9.9M | 100x | as long as short |
| Hyperliquid TAO | +0.0403% | 1h | 315.95 | +0.135% | $94.1M | $104.5M | 5x | as long as short |
| Bulk TAO-USD | +0.0420% | 1h | 315.84 | +0.098% | $167K | $662 | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0427% | 1h | 315.73 | +0.064% | $23K | $1.9M | 25x | as long as short |
| Lighter TAO | +0.0432% | 1h | 315.89 | +0.113% | $1.6M | $6.8M | 5x | as long as short |
| Variational Omni TAOshort | +0.0542% | 4h | 315.81 | +0.089% | $6.3M | $9.9M | — | |
| Arcus TAO-USD | +0.0587% | 1h | 316.05 | +0.165% | $100K | $285K | 5x | as long as short |
| Phoenix TAO | +0.0636% | 1h | 316.30 | +0.244% | $318K | $701K | 5x | as long as short |
| RISEx TAO/USDC | +0.0694% | 1h | 315.75 | +0.068% | $409K | $650K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0700% | 1h | 315.80 | +0.087% | $363 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0704% | 1h | 316.16 | +0.200% | $3K | $2K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0728% | 1h | 316.82 | +0.409% | $1.1M | $7.3M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0734% | 1h | 315.87 | +0.108% | $300K | $1.1M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0855% | 1h | 316.05 | +0.166% | $6.3M | $19.5M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4136% | 1h | 318.38 | +0.903% | $23K | $2K | 12x | as long as short |
Extended TAO-USD
Aevo TAO-PERP
Binance TAOUSDT
MEXC TAO_USDT
edgeX TAOUSDC
Bullet TAO-USD
Pacifica TAO
dYdX TAO-USD
ApeX Omni TAOUSDT
Paradex TAO-USD-PERP
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
Bybit TAOUSDT
BingX TAO-USDT
Phemex TAOUSDT
Aster TAOUSDT
Nado TAO-PERP
BloFin TAO-USDT
Hyperliquid TAO
Bulk TAO-USD
Deribit TAO_USDC-PERPETUAL
Lighter TAO
Arcus TAO-USD
Phoenix TAO
RISEx TAO/USDC
Reya TAORUSDPERP
01 Exchange TAOUSD
Coinbase International TAO-PERP-INTX
Backpack TAO_USDC_PERP
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP