Funding you earn now, next payment 08:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h −0.053%
Price spread now: Variational Omni against Phoenix−0.116%7-day average −0.071% · 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)−0.247%−$25 on $10k
+Price spread, last 4 days (all we have)+0.294%+$29 · spread now −0.116%, 7d avg −0.071%
=Together, before fees+0.048%+ Points / potential airdropVariational Omni: Active · farm board+$5 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.045% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.071%). If the spread goes back, that is −$5 on $10k: about 4.3 days of funding at the current rate (+$1 a day). Mind the row above: over the last 4 days funding on this pair cost −0.247%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix TAO | 315.80 | 0.0578 | pay 0.0072% / 1h | 32m 41s | $318K | $714K | 5x |
| Short | Variational Omni TAO | 315.43 | 0.0614 | get 0.0307% / 4h | 3h 32m | $5.6M | $10.1M | — |
Phoenix TAO
Variational Omni TAOFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni against Phoenix. 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
- $7.37
- Price spread: −0.116% → −0.071%
- −$4.53
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$4.17
- Costs to cover
- 0.070%
- Break-even
- 11.0 days
Slippage unknown: Phoenix: live order book, 65 min ago; Variational Omni: RFQ quote, 1 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 Phoenix live order book, 65 min ago | 3.15 bp | 12.0 bp −$12 | 22.2 bp −$222 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 1 min ago | 2.89 bp | doesn't fit | 18.6 bp −$186 | 45.2 bp −$4,519 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 314.65 | −0.365% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.45 | −0.427% | $50K | $699K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 314.13 | −0.529% | $643 | $1.2M | 5x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.30 | −0.475% | $26.3M | $128.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.70 | −0.348% | $14.9M | $49.4M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.00 | −0.253% | $17.8M | $32.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.59 | −0.383% | $35.4M | $57.4M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 314.25 | −0.491% | $86K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.24 | −0.494% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.26 | −0.488% | $115K | $588K | 20x | as long as short |
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Katana Perps 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 TAOUSDT | +0.0100% | 4h | 314.61 | −0.377% | $3.1M | $8.1M | 50x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 314.50 | −0.413% | $173K | $998 | 3x | as long as short |
| ApeX Omni TAOUSDT | +0.0124% | 1h | 315.68 | −0.038% | $45K | $257K | 50x | as long as short |
| Bulk TAO-USD | +0.0125% | 1h | 316.13 | +0.104% | $168K | $0 | 10x | as long as short |
| Binance TAOUSDT | +0.0140% | 4h | 314.56 | −0.392% | $91.6M | $525.3M | 75x | as long as short |
| MEXC TAO_USDT | +0.0142% | 4h | 314.98 | −0.260% | $105.1M | $152.0M | 300x | as long as short |
| GRVT TAO_USDT_Perp | +0.0144% | 4h | 315.40 | −0.127% | $540K | $876K | 10x | as long as short |
| edgeX TAOUSDC | +0.0147% | 4h | 315.34 | −0.145% | $42K | $321K | 10x | as long as short |
| dYdX TAO-USD | +0.0189% | 1h | 314.48 | −0.418% | $126K | $86K | 5x | as long as short |
| Orderly PERP_TAO_USDC | +0.0212% | 4h | 314.44 | −0.431% | $53K | $298K | 10x | as long as short |
| Bullet TAO-USD | +0.0224% | 1h | 314.55 | −0.395% | $12K | $17K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0239% | 8h | 314.38 | −0.450% | $14K | $876 | 10x | as long as short |
| Bybit TAOUSDT | +0.0277% | 4h | 314.58 | −0.386% | $69.0M | $154.9M | 50x | as long as short |
| Aster TAOUSDT | +0.0306% | 4h | 314.55 | −0.394% | $1.2M | $11.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0308% | 4h | 314.91 | −0.282% | — | $37.2M | — | as long as short |
| Extended TAO-USD | +0.0344% | 1h | 314.91 | −0.282% | $893K | $2.3M | 25x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 314.62 | −0.374% | $369K | $440K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0360% / S −0.0107% | 1h | 314.22 | −0.500% | $369K | — | 100x | as long as short |
| BloFin TAO-USDT | +0.0383% | 4h | 314.59 | −0.383% | $4.8M | $10.7M | 100x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 314.64 | −0.367% | $99K | $362K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0422% | 1h | 314.49 | −0.413% | $15K | $1.9M | 25x | as long as short |
| Nado TAO-PERP | +0.0497% | 1h | 314.57 | −0.389% | $761K | $2.0M | 10x | as long as short |
| Hyperliquid TAO | +0.0516% | 1h | 314.86 | −0.298% | $92.7M | $108.6M | 5x | as long as short |
| Phoenix TAOlong | +0.0578% | 1h | 315.80 | long leg | $318K | $714K | 5x | |
| Lighter TAO | +0.0592% | 1h | 314.84 | −0.304% | $1.6M | $6.6M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0608% | 1h | 314.54 | −0.399% | $3K | $4K | 5x | as long as short |
| Variational Omni TAOshort | +0.0614% | 4h | 315.43 | −0.116% | $5.6M | $10.1M | — | |
| Backpack TAO_USDC_PERP | +0.0674% | 1h | 315.06 | −0.234% | $310K | $1.0M | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 315.34 | −0.147% | $363 | — | 20x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0790% | 1h | 314.90 | −0.286% | $5.9M | $21.1M | 50x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 314.25 | −0.489% | $435K | $678K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 314.94 | −0.272% | $1.1M | $7.2M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 318.23 | +0.769% | $23K | $2K | 12x | as long as short |
Phemex TAOUSDT
Aevo TAO-PERP
ApeX Omni TAOUSDT
Bulk TAO-USD
Binance TAOUSDT
MEXC TAO_USDT
GRVT TAO_USDT_Perp
edgeX TAOUSDC
dYdX TAO-USD
Orderly PERP_TAO_USDC
Bullet TAO-USD
Paradex TAO-USD-PERP
Bybit TAOUSDT
Aster TAOUSDT
BingX TAO-USDT
Extended TAO-USD
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
BloFin TAO-USDT
Arcus TAO-USD
Deribit TAO_USDC-PERPETUAL
Nado TAO-PERP
Hyperliquid TAO
Lighter TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP