Funding arb · Price arb /

TAO

all TAO markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Variational Omni against SunX+0.166%7-day average +0.067% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SunX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.127%−$13 · spread now +0.166%, 7d avg +0.067%

Together, before fees−0.127%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.099% dearer against SunX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	307.94	0.0100	pay 0.0050% / 4h	2h 05m	$2K	$1.8M	20x
Short	Variational Omni TAO	308.45	0.0100	get 0.0050% / 4h	2h 05m	$3.7M	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against SunX. 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

Position, each leg$Hold fordaysFee SunXbpFee Variational OmnibpOrdersPrice spread, now +0.166%Rate

Funding earned: $0
Price spread: +0.166% → +0.067%: $9.85
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: $1.85
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SunX: live order book, 10 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy SunX live order book, 10 min ago	500.20 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 4 min ago	2.87 bp	doesn't fit	13.7 bp −$137	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	−0.0601%	1h	309.73	+0.581%	$203K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	308.01	+0.023%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	307.84	−0.032%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	308.20	+0.084%	$43K	$531K	20x	as long as short
Pacifica TAO	+0.0100%	1h	308.45	+0.167%	$364K	$368K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	308.08	+0.045%	$86.4M	$405.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	308.09	+0.049%	$59.9M	$119.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	308.10	+0.052%	$25.4M	$93.7M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.62	+0.221%	$138K	$584K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.90	−0.013%	$12.3M	$48.8M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	308.09	+0.049%	$119.3M	$126.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	308.01	+0.023%	$18.8M	$26.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.01	+0.023%	$34.4M	$44.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	308.06	+0.039%	—	$30.4M	—	as long as short
Variational Omni TAOshort	+0.0100%	4h	308.45	+0.166%	$3.7M	$6.6M	—
edgeX TAOUSDC	+0.0100%	4h	308.32	+0.125%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	309.18	+0.402%	$550K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.59	+0.536%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.14	+0.065%	$78K	$662K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.11	+0.055%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	307.95	+0.003%	$59K	$276K	10x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	307.94	long leg	$2K	$1.8M	20x
HTX TAO-USDT	+0.0100%	4h	308.33	+0.127%	$121K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	308.10	+0.052%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	308.15	+0.068%	$169K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	308.29	+0.114%	$2K	$461K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0111%	1h	308.02	+0.027%	$11K	$1.3M	25x	as long as short
Aster TAOUSDT	+0.0156%	4h	307.98	+0.013%	$1.1M	$7.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0159%	8h	308.24	+0.097%	$14K	$1K	10x	as long as short
Phoenix TAO	+0.0234%	1h	309.10	+0.377%	$327K	$462K	5x	as long as short
Nado TAO-PERP	+0.0304%	1h	308.13	+0.060%	$850K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.38	+0.143%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0485% / S −0.0184%	1h	307.80	−0.046%	$452K	—	100x	as long as short
01 Exchange TAOUSD	+0.0544%	1h	308.65	+0.231%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	308.04	+0.034%	$354	—	20x	as long as short
Extended TAO-USD	+0.0784%	1h	308.04	+0.033%	$907K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0898%	1h	308.19	+0.081%	$383K	$754K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	309.50	+0.507%	$1.5M	$5.5M	50x	as long as short
Lighter TAO	+0.0976%	1h	308.44	+0.164%	$1.7M	$4.8M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1022%	1h	308.38	+0.144%	$6.4M	$19.1M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	308.39	+0.145%	$412K	$542K	5x	as long as short
Hyperliquid TAO	+0.1859%	1h	308.74	+0.260%	$96.8M	$77.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	+0.257%	$22K	$271	12x	as long as short