Funding you earn now, next payment 23:00 UTC−0.0953%/8h= −104.3% APRpaid last 24h −0.168%
Price spread now: Variational Omni against Hyperliquid+0.152%7-day average −0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.288%−$29 on $10k
+Price spread, last 7 days−0.174%−$17 · spread now +0.152%, 7d avg −0.033%
=Together, before fees−0.462%+ Points / potential airdropHyperliquid: Season 2 · Variational Omni: Active · farm board−$46 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Variational Omni is 0.185% dearer against Hyperliquid than usual: you sell high and buy low (spread +0.152% now, against its 7-day average of −0.033%): +$18 on $10k if it goes back. Holding the pair costs −$29 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 3 days (−0.288% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.288% in total (about -32.1% 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.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid TAO | 303.10 | 0.1053 | pay 0.0132% / 1h | 30m 53s | $92.0M | $80.5M | 5x |
| Short | Variational Omni TAO | 303.56 | 0.0100 | get 0.0050% / 4h | 1h 30m | $3.7M | $6.7M | — |
Hyperliquid TAO
Variational Omni TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Hyperliquid. 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
- −$200.09
- Price spread: +0.152% → −0.033%
- $18.5
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$190.6
- Costs to cover
- 0.090%
- Break-even
- from the start
Slippage unknown: Hyperliquid: live order book, 3 min ago; Variational Omni: RFQ quote, 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 Hyperliquid live order book, 3 min ago | 0.49 bp | 7.9 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 2.87 bp | doesn't fit | 18.3 bp −$183 | 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 | −0.0186% | 1h | 303.81 | +0.234% | $162K | $54K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 303.58 | +0.158% | $124K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 303.35 | +0.084% | $26K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 303.76 | +0.218% | $44K | $536K | 20x | as long as short |
| Aster TAOUSDT | +0.0100% | 4h | 302.92 | −0.059% | $1.1M | $7.7M | 50x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 302.86 | −0.080% | $84.7M | $413.6M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 302.98 | −0.040% | $58.6M | $121.1M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 302.90 | −0.066% | $24.4M | $95.1M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 303.94 | +0.277% | $79K | $643K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 302.70 | −0.132% | $12.1M | $48.8M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Aster TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 302.78 | −0.106% | $110.6M | $125.1M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 302.66 | −0.145% | $18.4M | $27.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 302.57 | −0.175% | $33.8M | $46.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 302.89 | −0.069% | — | $30.4M | — | as long as short |
| Variational Omni TAOshort | +0.0100% | 4h | 303.56 | +0.152% | $3.7M | $6.7M | — | |
| edgeX TAOUSDC | +0.0100% | 4h | 303.27 | +0.055% | $39K | $279K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 302.58 | −0.171% | $500K | $967K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 303.45 | +0.115% | $46K | $269K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 303.79 | +0.228% | $74K | $595K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 303.73 | +0.207% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0100% | 4h | 303.18 | +0.026% | $58K | $276K | 10x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 303.09 | −0.003% | $2K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 303.21 | +0.036% | $121K | $365K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 302.71 | −0.129% | $3.2M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 303.34 | +0.078% | $167K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 303.64 | +0.178% | $3K | $494K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0155% | 8h | 303.80 | +0.232% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 303.92 | +0.271% | $359K | $371K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 303.42 | +0.106% | $433K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0192% | 1h | 303.19 | +0.029% | $21K | $1.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 303.24 | +0.046% | $4.2M | $9.3M | 100x | as long as short |
| Nado TAO-PERP | +0.0341% | 1h | 303.85 | +0.247% | $820K | $1.9M | 10x | as long as short |
| Lighter TAO | +0.0360% | 1h | 303.13 | +0.010% | $1.6M | $5.3M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0392% | 1h | 303.93 | +0.274% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0435% | 1h | 302.79 | −0.102% | $377K | $757K | 10x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 304.00 | +0.297% | $322K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 303.63 | +0.176% | $349 | — | 20x | as long as short |
| Extended TAO-USD | +0.0816% | 1h | 302.73 | −0.122% | $825K | $2.0M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 304.00 | +0.297% | $1.5M | $5.6M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1042% | 1h | 303.14 | +0.014% | $5.7M | $19.7M | 50x | as long as short |
| Hyperliquid TAOlong | +0.1053% | 1h | 303.10 | long leg | $92.0M | $80.5M | 5x | |
| RISEx TAO/USDC | +0.1155% | 1h | 303.92 | +0.270% | $411K | $545K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +1.857% | $22K | $264 | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
Orderly PERP_TAO_USDC
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Paradex TAO-USD-PERP
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Nado TAO-PERP
Lighter TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Phoenix TAO
Reya TAORUSDPERP
Extended TAO-USD
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Injective TAO/USDC PERP