Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC0.0000%/8hnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Gate against Variational Omni+1.057%7-day average −0.043% · you sell dearer than you buy

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

Long on Variational Omni Short on Gate

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−1.074%−$107 · spread now +1.057%, 7d avg −0.043%

Together, before fees−1.074%+ Points / potential airdropVariational Omni: Active · farm board−$107 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: Gate is 1.100% dearer against Variational Omni than usual: you sell high and buy low, +$110 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TAO	291.12	0.0100	pay 0.0050% / 4h	5m 48s	$3.2M	$5.3M	—
Short	Gate TAO_USDT	294.20	0.0100	get 0.0050% / 4h	5m 48s	$11.7M	$45.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +1.057%Rate

Funding earned: $0
Price spread: +1.057% → −0.043%: $109.95
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: $94.95
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 3 min ago; Gate: live order book, 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 Variational Omni RFQ quote, 3 min ago	2.89 bp	doesn't fit	16.7 bp −$167	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	3.42 bp	17.7 bp −$18	31.5 bp −$315	58.2 bp −$5,819	90.9 bp −$45.5K

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	−0.2681%	1h	291.45	+0.112%	$192K	$44K	10x	as long as short
Kraken Futures PF_TAOUSD	−0.0158%	1h	294.20	+1.056%	$5.3M	$14.1M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	294.27	+1.081%	$75K	$35K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0010%	1h	293.98	+0.981%	$35K	—	150x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0080%	1h	294.22	+1.064%	$22K	$1.1M	25x	as long as short
Popdex TAOUSDT	+0.0096%	1h	293.83	+0.930%	$33K	$479K	20x	as long as short
Aster TAOUSDT	+0.0100%	4h	294.28	+1.084%	$1.6M	$5.0M	50x	as long as short
Pacifica TAO	+0.0100%	1h	292.39	+0.434%	$339K	$375K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	294.13	+1.033%	$80.2M	$337.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	294.20	+1.057%	$51.8M	$88.9M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX TAO-USDT-SWAP	+0.0100%	8h	294.00	+0.988%	$23.3M	$72.1M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	293.20	+0.713%	$128K	$580K	5x	as long as short
Gate TAO_USDTshort	+0.0100%	4h	294.20	+1.057%	$11.7M	$45.5M	50x
MEXC TAO_USDT	+0.0100%	4h	294.18	+1.050%	$106.2M	$106.7M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	294.09	+1.019%	$19.8M	$21.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	293.92	+0.961%	$33.2M	$37.0M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	294.24	+1.070%	—	$27.6M	—	as long as short
Variational Omni TAOlong	+0.0100%	4h	291.12	long leg	$3.2M	$5.3M	—
edgeX TAOUSDC	+0.0100%	4h	292.48	+0.467%	$38K	$272K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	291.44	+0.110%	$521K	$884K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	292.61	+0.511%	$44K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	294.09	+1.019%	$84K	$508K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	293.97	+0.978%	$11K	$18K	20x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	293.92	+0.961%	$54K	$235K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	292.18	+0.363%	$2K	$1.6M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	295.71	+1.575%	$123K	$312K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	293.90	+0.954%	$3.1M	$7.5M	50x	as long as short
Katana Perps TAO-USD	+0.0103%	8h	293.45	+0.799%	$1K	$348K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	294.18	+1.049%	$162K	$998	3x	as long as short
Paradex TAO-USD-PERP	+0.0105%	8h	292.38	+0.431%	$14K	$376	10x	as long as short
Nado TAO-PERP	+0.0197%	1h	293.84	+0.934%	$1.0M	$1.3M	10x	as long as short
Phoenix TAO	+0.0336%	1h	292.60	+0.507%	$311K	$158K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	292.17	+0.359%	$4.0M	$7.2M	100x	as long as short
Extended TAO-USD	+0.0344%	1h	294.01	+0.992%	$782K	$1.4M	25x	as long as short
01 Exchange TAOUSD	+0.0408%	1h	293.43	+0.792%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0416%	1h	294.45	+1.141%	$1.3M	$2.4M	5x	as long as short
RISEx TAO/USDC	+0.0478%	1h	293.45	+0.801%	$339K	$452K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0482% / S −0.0195%	1h	293.94	+0.966%	$443K	—	100x	as long as short
Backpack TAO_USDC_PERP	+0.0686%	1h	294.31	+1.095%	$373K	$536K	10x	as long as short
Reya TAORUSDPERP	+0.0694%	1h	293.91	+0.956%	$338	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0872%	1h	294.24	+1.070%	$1.5M	$4.4M	50x	as long as short
Hyperliquid TAO	+0.1171%	1h	294.62	+1.201%	$83.1M	$56.0M	5x	as long as short
Injective TAO/USDC PERP	+0.2947%	1h	294.49	+1.156%	$21K	$39K	12x	as long as short