TAO

Alert

Spread before costs (cost unknown: a leg has no order-book sample)+0.031%

7d average−0.061%if it closes, per $10,000$3funding while held, a day+$0.00

Long on Variational Omni Short on Phemex

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TAO	287.65	0.0100	pay 0.0050% / 4h	3h 48m	$3.4M	$4.6M	—
Short	Phemex TAOUSDT	287.74	0.0100	get 0.0050% / 4h	3h 48m	$3.0M	$7.4M	50x

Price spread history

latest

Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Position, each leg$Hold forhoursFee Variational OmnibpFee PhemexbpOrdersClose when spread is

Spread captured: $3.15
Funding while held: $0
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$8.85
Spread needed to break even: 0.120%

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Phemex: live order book, 2 min ago. Net counts fees only.

Cost of waiting

funding view

Funding /8h: 0.0000%
Per $10,000 a day: +$0.00
Average in range /8h: —

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, 2 min ago	2.90 bp	doesn't fit	11.5 bp −$115	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	10.60 bp	24.2 bp −$24	doesn't fit	doesn't fit	doesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.

ApeX Omni286.89cheapest edgeX287.03+0.050%HTX287.42+0.185%GMX287.54+0.225%Bitget287.57+0.237%BloFin287.57+0.237%Phoenix287.60+0.247%

Variational Omni287.65+0.265%

Deribit287.69+0.277%OKX287.70+0.282%Gate287.70+0.282%gTrade (Gains Network)287.70+0.282%SunX287.70+0.282%

Phemex287.74+0.296%

Orderly287.76+0.303%Reya287.76+0.304%KuCoin287.77+0.307%Kraken Futures287.82+0.323%Aevo287.82+0.325%dYdX287.84+0.331%MEXC287.86+0.338%Nado287.87+0.341%Popdex287.90+0.352%Binance287.91+0.356%Katana Perps287.91+0.356%Bullet287.91+0.356%Paradex287.92+0.358%Extended287.93+0.364%BingX287.96+0.373%Backpack287.97+0.376%Aster287.99+0.383%Polymarket Perps288.00+0.387%Pacifica288.04+0.401%Bybit288.05+0.404%RISEx288.22+0.464%Arcus288.25+0.474%Hyperliquid288.26+0.478%Lighter288.26+0.479%01 Exchange288.30+0.491%Bulk288.43+0.537%Coinbase International288.77+0.655%Injective291.94+1.760%

TAO on 42 venues

cheapest first. Swap a leg.

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
ApeX Omni TAOUSDT	−0.264%	+0.0100%	1h	$43K	$266K	50x	as long as short
edgeX TAOUSDC	−0.215%	+0.0100%	4h	$32K	$288K	10x	as long as short
HTX TAO-USDT	−0.080%	+0.0100%	4h	$118K	$314K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	−0.040%	L +0.0467% / S −0.0189%	1h	$426K	—	100x	as long as short
Bitget TAOUSDT	−0.028%	+0.0050%	4h	$32.5M	$36.4M	50x	as long as short
BloFin TAO-USDT	−0.028%	+0.0340%	4h	$4.1M	$7.0M	100x	as long as short
Phoenix TAO	−0.017%	+0.0332%	1h	$305K	$157K	5x	as long as short
Variational Omni TAOlong	0.000%	+0.0100%	4h	$3.4M	$4.6M	—
Deribit TAO_USDC-PERPETUAL	+0.013%	+0.0212%	1h	$33K	$892K	25x	as long as short
OKX TAO-USDT-SWAP	+0.018%	+0.0100%	8h	$23.2M	$67.4M	50x	as long as short

Show all 42 venues

Exchange	vs long leg	Funding /8h	Every	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.018%	+0.0100%	4h	$11.4M	$43.3M	50x	as long as short
gTrade (Gains Network) TAO/USD	+0.018%	L +0.0004% / S −0.0008%	1h	$14K	—	150x	as long as short
SunX TAO-USDT	+0.018%	+0.0100%	4h	$2K	$1.6M	20x	as long as short
Phemex TAOUSDTshort	+0.031%	+0.0100%	4h	$3.0M	$7.4M	50x
Orderly PERP_TAO_USDC	+0.038%	+0.0100%	4h	$51K	$146K	10x	as long as short
Reya TAORUSDPERP	+0.039%	+0.0692%	1h	$331	—	20x	as long as short
KuCoin TAOUSDTM	+0.042%	+0.0100%	4h	$18.4M	$19.7M	75x	as long as short
Kraken Futures PF_TAOUSD	+0.058%	+0.0047%	1h	$5.5M	$13.5M	50x	as long as short
Aevo TAO-PERP	+0.060%	+0.0104%	1h	$158K	$998	3x	as long as short
dYdX TAO-USD	+0.066%	0.0000%	1h	$73K	$43K	5x	as long as short
MEXC TAO_USDT	+0.073%	+0.0100%	4h	$101.1M	$102.8M	300x	as long as short
Nado TAO-PERP	+0.076%	+0.0518%	1h	$1.1M	$1.1M	10x	as long as short
Popdex TAOUSDT	+0.087%	+0.0096%	1h	$49K	$458K	20x	as long as short
Binance TAOUSDT	+0.091%	+0.0100%	4h	$81.3M	$323.4M	75x	as long as short
Katana Perps TAO-USD	+0.091%	+0.0100%	8h	$631	$301K	5x	as long as short
Bullet TAO-USD	+0.091%	+0.0100%	1h	$9K	$17K	20x	as long as short
Paradex TAO-USD-PERP	+0.093%	+0.0114%	8h	$13K	$376	10x	as long as short
Extended TAO-USD	+0.099%	+0.0104%	1h	$775K	$1.3M	25x	as long as short
BingX TAO-USDT	+0.108%	+0.0100%	4h	—	$28.3M	—	as long as short
Backpack TAO_USDC_PERP	+0.111%	+0.0146%	1h	$272K	$413K	10x	as long as short
Aster TAOUSDT	+0.118%	+0.0100%	4h	$1.6M	$5.0M	50x	as long as short
Polymarket Perps TAO-USD	+0.122%	+0.0100%	1h	$75K	$1.1M	5x	as long as short
Pacifica TAO	+0.136%	+0.0100%	1h	$333K	$371K	10x	as long as short
Bybit TAOUSDT	+0.139%	+0.0100%	4h	$53.5M	$84.5M	50x	as long as short
RISEx TAO/USDC	+0.199%	+0.0553%	1h	$334K	$423K	5x	as long as short
Arcus TAO-USD	+0.209%	+0.0100%	1h	$123K	$571K	5x	as long as short
Hyperliquid TAO	+0.212%	+0.1065%	1h	$79.1M	$52.0M	5x	as long as short
Lighter TAO	+0.214%	+0.0912%	1h	$1.4M	$1.9M	5x	as long as short
01 Exchange TAOUSD	+0.226%	+0.0512%	1h	$3K	$6K	5x	as long as short
Bulk TAO-USD	+0.271%	−0.1463%	1h	$151K	$0	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.390%	+0.0920%	1h	$1.4M	$4.2M	50x	as long as short
Injective TAO/USDC PERP	+1.492%	+0.3912%	1h	$21K	$87K	12x	as long as short