Funding arb · Price arb /

TAO

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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: Binance against Variational Omni+0.650%7-day average −0.025% · you sell dearer than you buy

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

Long on Variational Omni Short on Binance

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 7 days−0.641%−$64 · spread now +0.650%, 7d avg −0.025%

Together, before fees−0.641%+ Points / potential airdropVariational Omni: Active · farm board−$64 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: Binance is 0.675% dearer against Variational Omni than usual: you sell high and buy low, +$67 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TAO	307.99	0.0100	pay 0.0050% / 4h	2h 07m	$3.7M	$6.6M	—
Short	Binance TAOUSDT	309.99	0.0100	get 0.0050% / 4h	2h 07m	$86.9M	$405.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Variational Omni. 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 Variational OmnibpFee BinancebpOrdersPrice spread, now +0.650%Rate

Funding earned: $0
Price spread: +0.650% → −0.025%: $67.48
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: $57.48
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Binance: live order book, 6 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, 1 min ago	2.87 bp	doesn't fit	16.7 bp −$167	doesn't fit	doesn't fit
Sell Binance live order book, 6 min ago	0.16 bp	8.1 bp −$8	15.4 bp −$154	36.0 bp −$3,600	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	+0.566%	$203K	$57K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	310.21	+0.722%	$130K	$84K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0007%	1h	310.56	+0.837%	$27K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	310.34	+0.764%	$43K	$530K	20x	as long as short
Pacifica TAO	+0.0100%	1h	310.40	+0.783%	$366K	$368K	10x	as long as short
Binance TAOUSDTshort	+0.0100%	4h	309.99	+0.650%	$86.9M	$405.6M	75x
Bybit TAOUSDT	+0.0100%	4h	310.07	+0.676%	$60.2M	$119.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	310.00	+0.654%	$25.6M	$94.3M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	310.45	+0.800%	$139K	$604K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.00	+0.654%	$12.3M	$48.7M	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	310.07	+0.676%	$119.8M	$126.4M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	309.93	+0.631%	$18.9M	$26.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	309.74	+0.569%	$34.6M	$44.6M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	310.02	+0.660%	—	$30.4M	—	as long as short
Variational Omni TAOlong	+0.0100%	4h	307.99	long leg	$3.7M	$6.6M	—
edgeX TAOUSDC	+0.0100%	4h	308.08	+0.029%	$40K	$276K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	308.51	+0.169%	$549K	$965K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	307.80	−0.061%	$46K	$268K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	310.62	+0.855%	$78K	$675K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	310.77	+0.904%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	310.65	+0.865%	$60K	$276K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	310.48	+0.809%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.36	+0.770%	$122K	$353K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	310.10	+0.686%	$3.3M	$7.9M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.74	+0.894%	$171K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0111%	8h	310.54	+0.829%	$1K	$451K	5x	as long as short
Aster TAOUSDT	+0.0152%	4h	310.05	+0.670%	$1.1M	$7.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0161%	8h	310.30	+0.750%	$14K	$1K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0174% / S +0.0069%	1h	310.53	+0.824%	$443K	—	100x	as long as short
Phoenix TAO	+0.0234%	1h	308.80	+0.264%	$327K	$462K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0287%	1h	310.53	+0.824%	$12K	$1.3M	25x	as long as short
Nado TAO-PERP	+0.0288%	1h	310.65	+0.864%	$858K	$1.9M	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	308.69	+0.228%	$4.3M	$9.5M	100x	as long as short
01 Exchange TAOUSD	+0.0536%	1h	310.85	+0.929%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	310.75	+0.897%	$357	—	20x	as long as short
Extended TAO-USD	+0.0752%	1h	309.97	+0.644%	$912K	$2.0M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0923%	1h	310.31	+0.754%	$386K	$754K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0960%	1h	311.63	+1.183%	$1.5M	$5.5M	50x	as long as short
Lighter TAO	+0.0968%	1h	310.95	+0.963%	$1.7M	$4.8M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1014%	1h	310.73	+0.890%	$6.4M	$19.1M	50x	as long as short
RISEx TAO/USDC	+0.1053%	1h	310.46	+0.804%	$415K	$542K	5x	as long as short
Hyperliquid TAO	+0.1846%	1h	310.79	+0.910%	$97.4M	$77.6M	5x	as long as short
Injective TAO/USDC PERP	+0.4876%	1h	308.73	+0.241%	$22K	$271	12x	as long as short