Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Aevo against Variational Omni+0.085%7-day average −0.038% · you sell dearer than you buy

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

Long on Variational Omni Short on Aevo

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 3 days (all we have)−0.120%−$12 · spread now +0.085%, 7d avg −0.038%

Together, before fees−0.114%+ Points / potential airdropVariational Omni: Active · farm board−$11 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: Aevo is 0.122% dearer against Variational Omni than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.038%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TAO	308.45	0.0100	pay 0.0050% / 4h	2h 04m	$3.7M	$6.6M	—
Short	Aevo TAO-PERP	308.71	0.0104	get 0.0013% / 1h	4m 18s	$170K	$998	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aevo against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee AevobpOrdersPrice spread, now +0.085%Rate

Funding earned: $0.84
Price spread: +0.085% → −0.038%: $12.21
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Aevo: 8 bp × 2 orders: −$16
Net: −$2.95
Costs to cover: 0.160%
Break-even: 31.6 days

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Aevo: live order book, 19 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 Variational Omni RFQ quote, 5 min ago	2.87 bp	doesn't fit	16.7 bp −$167	doesn't fit	doesn't fit
Sell Aevo live order book, 19 min ago	41.20 bp	58.9 bp −$59	333.9 bp −$3,339	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	+0.415%	$203K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	307.65	−0.260%	$129K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	308.10	−0.114%	$26K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	307.62	−0.269%	$43K	$528K	20x	as long as short
Pacifica TAO	+0.0100%	1h	307.98	−0.153%	$364K	$368K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	309.17	+0.233%	$86.7M	$406.1M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	309.31	+0.278%	$60.1M	$119.6M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	309.10	+0.210%	$25.4M	$94.2M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	308.02	−0.140%	$137K	$584K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	307.90	−0.179%	$12.3M	$48.9M	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	307.96	−0.159%	$119.2M	$126.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	307.90	−0.179%	$18.8M	$26.8M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	308.73	+0.090%	$34.5M	$44.7M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	308.26	−0.062%	—	$30.4M	—	as long as short
Variational Omni TAOlong	+0.0100%	4h	308.45	long leg	$3.7M	$6.6M	—
edgeX TAOUSDC	+0.0100%	4h	308.32	−0.041%	$40K	$277K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	309.18	+0.236%	$550K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	309.59	+0.369%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	308.04	−0.133%	$78K	$657K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	308.26	−0.060%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	308.80	+0.113%	$59K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	308.73	+0.090%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	308.89	+0.142%	$122K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	308.79	+0.110%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERPshort	+0.0104%	1h	308.71	+0.085%	$170K	$998	3x
Katana Perps TAO-USD	+0.0113%	8h	307.83	−0.201%	$1K	$462K	5x	as long as short
Aster TAOUSDT	+0.0156%	4h	308.14	−0.102%	$1.1M	$7.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0159%	8h	307.75	−0.226%	$14K	$1K	10x	as long as short
Phoenix TAO	+0.0234%	1h	309.10	+0.210%	$327K	$462K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0300%	1h	308.88	+0.138%	$11K	$1.3M	25x	as long as short
Nado TAO-PERP	+0.0309%	1h	307.78	−0.217%	$850K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.38	−0.023%	$4.3M	$9.5M	100x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0485% / S −0.0184%	1h	308.11	−0.112%	$452K	—	100x	as long as short
01 Exchange TAOUSD	+0.0544%	1h	308.00	−0.146%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	307.91	−0.176%	$354	—	20x	as long as short
Extended TAO-USD	+0.0800%	1h	308.87	+0.135%	$907K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0898%	1h	308.19	−0.085%	$383K	$754K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	309.87	+0.460%	$1.5M	$5.5M	50x	as long as short
Lighter TAO	+0.0976%	1h	309.20	+0.242%	$1.7M	$4.9M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1020%	1h	309.06	+0.199%	$6.4M	$19.1M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	307.75	−0.228%	$413K	$542K	5x	as long as short
Hyperliquid TAO	+0.1865%	1h	308.66	+0.068%	$96.7M	$77.7M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	+0.090%	$22K	$271	12x	as long as short