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Price arb /

TAO

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Spread before costs (cost unknown: a leg has no order-book sample)−0.362%
7d average−0.062%if it closes, per $10,000$36funding while held, a day+$13.59
Long on Variational OmniShort on RISEx
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni TAO289.290.0100pay 0.0050% / 4h3h 54m$3.4M$4.6M—
ShortRISEx TAO/USDC288.240.0553get 0.0069% / 1h54m 59s$328K$421K5x

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 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$36.25
Funding while held
$13.59
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee RISEx: 3 bp × 2 orders
−$6
Net
−$28.66
Spread needed to break even
0.060%
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; RISEx: live order book, 55 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0453%
Per $10,000 a day
+$13.59
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 1 min ago2.89 bpdoesn't fit9.3 bp −$93doesn't fitdoesn't fit
Sell RISEx live order book, 55 min ago4.17 bp7.3 bp −$742.3 bp −$423doesn't fitdoesn't fit

TAO price on every exchange

against the cheapest. Click to use as the short leg.
HTX287.46cheapestReya287.75+0.100%Nado287.81+0.120%Popdex287.83+0.129%SunX287.83+0.129%Polymarket Perps287.86+0.139%GMX287.87+0.142%gTrade (Gains Network)287.88+0.146%Extended287.88+0.146%Deribit287.94+0.166%Katana Perps287.94+0.167%Bullet287.96+0.173%Phemex287.96+0.174%KuCoin287.97+0.177%Aevo287.97+0.179%Aster287.99+0.184%Bitget288.00+0.188%Orderly288.02+0.195%MEXC288.07+0.212%Gate288.10+0.223%Kraken Futures288.12+0.231%BloFin288.15+0.240%01 Exchange288.18+0.250%OKX288.20+0.257%BingX288.20+0.257%
RISEx288.24+0.273%
Binance288.25+0.275%Paradex288.25+0.276%Backpack288.29+0.289%Bybit288.34+0.306%Pacifica288.37+0.317%Lighter288.40+0.326%dYdX288.40+0.326%Arcus288.43+0.337%Bulk288.43+0.337%ApeX Omni288.67+0.421%Hyperliquid288.74+0.445%edgeX288.80+0.468%Phoenix289.00+0.536%
Variational Omni289.29+0.638%
Coinbase International289.93+0.859%Injective292.98+1.920%

TAO on 42 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
HTX TAO-USDT−0.634%+0.0100%4h$117K$311K20xas long as short
Reya TAORUSDPERP−0.534%+0.0692%1h$331—20xas long as short
Nado TAO-PERP−0.515%+0.0637%1h$1.1M$1.1M10xas long as short
Popdex TAOUSDT−0.506%+0.0096%1h$47K$458K20xas long as short
SunX TAO-USDT−0.506%+0.0100%4h$2K$1.6M20xas long as short
Polymarket Perps TAO-USD−0.496%+0.0100%1h$75K$1.1M5xas long as short
GMX TAO/USD [WBTC.b-USDC]−0.492%L +0.0467% / S −0.0189%1h$426K—100xas long as short
gTrade (Gains Network) TAO/USD−0.489%L +0.0004% / S −0.0004%1h$9K—150xas long as short
Extended TAO-USD−0.488%+0.0104%1h$776K$1.3M25xas long as short
Deribit TAO_USDC-PERPETUAL−0.469%+0.0020%1h$33K$898K25xas long as short
Show all 42 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Katana Perps TAO-USD−0.468%+0.0100%8h$2K$295K5xas long as short
Bullet TAO-USD−0.462%+0.0100%1h$10K$17K20xas long as short
Phemex TAOUSDT−0.461%+0.1712%4h$3.0M$7.4M50xas long as short
KuCoin TAOUSDTM−0.458%+0.0100%4h$20.2M$19.3M75xas long as short
Aevo TAO-PERP−0.456%+0.0104%1h$158K$9983xas long as short
Aster TAOUSDT−0.451%+0.0100%4h$1.6M$4.9M50xas long as short
Bitget TAOUSDT−0.447%+0.0046%4h$32.6M$36.5M50xas long as short
Orderly PERP_TAO_USDC−0.440%+0.0100%4h$52K$146K10xas long as short
MEXC TAO_USDT−0.423%+0.0100%4h$100.0M$102.0M300xas long as short
Gate TAO_USDT−0.413%−0.0114%4h$11.4M$43.1M50xas long as short
Kraken Futures PF_TAOUSD−0.405%+0.0047%1h$5.5M$13.6M50xas long as short
BloFin TAO-USDT−0.395%+0.0340%4h$4.1M$7.1M100xas long as short
01 Exchange TAOUSD−0.385%+0.0544%1h$3K$6K5xas long as short
OKX TAO-USDT-SWAP−0.378%+0.0100%8h$23.2M$67.9M50xas long as short
BingX TAO-USDT−0.378%+0.0272%4h—$28.7M—as long as short
RISEx TAO/USDCshort−0.362%+0.0553%1h$328K$421K5x
Binance TAOUSDT−0.361%+0.0100%4h$81.6M$324.7M75xas long as short
Paradex TAO-USD-PERP−0.360%+0.0111%8h$13K$37610xas long as short
Backpack TAO_USDC_PERP−0.347%+0.0100%1h$300K$400K10xas long as short
Bybit TAOUSDT−0.330%+0.0100%4h$53.8M$85.0M50xas long as short
Pacifica TAO−0.319%+0.0100%1h$334K$371K10xas long as short
Lighter TAO−0.310%+0.0600%1h$1.4M$1.9M5xas long as short
dYdX TAO-USD−0.310%0.0000%1h$73K$55K5xas long as short
Arcus TAO-USD−0.299%+0.0100%1h$123K$570K5xas long as short
Bulk TAO-USD−0.299%−0.1463%1h$151K$010xas long as short
ApeX Omni TAOUSDT−0.216%+0.0100%1h$43K$266K50xas long as short
Hyperliquid TAO−0.191%+0.1170%1h$79.6M$52.9M5xas long as short
edgeX TAOUSDC−0.169%+0.0100%4h$32K$287K10xas long as short
Phoenix TAO−0.101%+0.0332%1h$307K$157K5xas long as short
Variational Omni TAOlong0.000%+0.0100%4h$3.4M$4.6M—
Coinbase International TAO-PERP-INTX+0.220%+0.0920%1h$1.4M$4.2M50xas long as short
Injective TAO/USDC PERP+1.274%+0.3912%1h$21K$87K12xas long as short