Settings8H · net · $10k
Funding arb · Price arb /

TAO

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Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0436%/8h= −47.7% APRnext payment $2.18 per $10,000 · paid last 24h −0.021%
Price spread now: SunX against Variational Omni−0.496%7-day average −0.051% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)−0.021%−$2 on $10k
Price spread, last 4 days (all we have)+0.489%+$49 · spread now −0.496%, 7d avg −0.051%
Together, before fees+0.467%+ Points / potential airdropVariational Omni: Active · farm board+$47 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and SunX is 0.445% cheaper against Variational Omni than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of −0.051%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.021% in total (about -2.2% a year). A funding rate is set anew for every payment; at this rate the next one is about $2.18 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni TAO321.980.0536pay 0.0268% / 4h1h 48m$5.6M$10.2M
ShortSunX TAO-USDT320.380.0100get 0.0050% / 4h1h 48m$1K$2.0M20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX 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

Funding earned
−$91.57
Price spread: −0.496% → −0.051%
−$44.48
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee SunX: 4 bp × 2 orders
−$8
Net
−$144.05
Costs to cover
0.080%
Break-even
never at this rate
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; SunX: live order book, 8 min ago. Net counts fees only.

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 ago2.87 bpdoesn't fit11.2 bp −$11229.7 bp −$2,972doesn't fit
Sell SunX live order book, 8 min ago500.10 bpdoesn't fitdoesn't fitdoesn't fitdoesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bulk TAO-USD−0.2101%1h320.87−0.344%$170K$33310xas long as short
dYdX TAO-USD0.0000%1h320.04−0.601%$128K$85K5xas long as short
gTrade (Gains Network) TAO/USDL +0.0004% / S −0.0004%1h320.32−0.514%$21K150xas long as short
Popdex TAOUSDT+0.0096%1h320.37−0.499%$40K$694K20xas long as short
OKX TAO-USDT-SWAP+0.0100%8h320.60−0.428%$26.6M$129.2M50xas long as short
Gate TAO_USDT+0.0100%4h320.50−0.459%$14.2M$51.4M50xas long as short
KuCoin TAOUSDTM+0.0100%4h320.76−0.378%$17.6M$31.9M75xas long as short
Bitget TAOUSDT+0.0100%4h320.43−0.480%$36.1M$58.0M50xas long as short
ApeX Omni TAOUSDT+0.0100%1h320.78−0.372%$45K$258K50xas long as short
Polymarket Perps TAO-USD+0.0100%1h320.47−0.468%$76K$1.1M5xas long as short
Show all 43 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
SunX TAO-USDTshort+0.0100%4h320.38−0.496%$1K$2.0M20x
HTX TAO-USDT+0.0100%4h319.91−0.642%$117K$585K20xas long as short
Phemex TAOUSDT+0.0100%4h320.74−0.384%$3.3M$8.1M50xas long as short
Katana Perps TAO-USD+0.0109%8h320.32−0.515%$2K$992K5xas long as short
Aevo TAO-PERP+0.0120%1h320.81−0.361%$176K$9983xas long as short
Orderly PERP_TAO_USDC+0.0121%4h320.68−0.403%$53K$293K10xas long as short
GMX TAO/USD [WBTC.b-USDC]L +0.0122% / S +0.0155%1h320.26−0.534%$433K100xas long as short
edgeX TAOUSDC+0.0148%4h320.94−0.322%$42K$316K10xas long as short
MEXC TAO_USDT+0.0152%4h320.75−0.381%$105.2M$149.4M300xas long as short
Binance TAOUSDT+0.0153%4h320.72−0.392%$92.9M$526.0M75xas long as short
Paradex TAO-USD-PERP+0.0264%8h320.51−0.455%$15K$1K10xas long as short
Aster TAOUSDT+0.0309%4h320.74−0.384%$1.3M$10.9M50xas long as short
BingX TAO-USDT+0.0366%4h320.63−0.418%$34.3Mas long as short
Bullet TAO-USD+0.0369%1h320.74−0.384%$12K$17K20xas long as short
Bybit TAOUSDT+0.0385%4h320.70−0.397%$70.0M$155.6M50xas long as short
BloFin TAO-USDT+0.0393%4h320.43−0.480%$4.7M$11.1M100xas long as short
GRVT TAO_USDT_Perp+0.0424%4h322.11+0.040%$548K$948K10xas long as short
Extended TAO-USD+0.0480%1h320.60−0.427%$914K$2.4M25xas long as short
Pacifica TAO+0.0525%1h320.60−0.428%$365K$423K10xas long as short
Variational Omni TAOlong+0.0536%4h321.98long leg$5.6M$10.2M
Phoenix TAO+0.0567%1h321.70−0.086%$320K$709K5xas long as short
Deribit TAO_USDC-PERPETUAL+0.0589%1h320.63−0.418%$14K$1.9M25xas long as short
Backpack TAO_USDC_PERP+0.0613%1h320.56−0.440%$318K$899K10xas long as short
Nado TAO-PERP+0.0636%1h320.86−0.348%$802K$2.2M10xas long as short
Arcus TAO-USD+0.0641%1h320.73−0.387%$103K$394K5xas long as short
01 Exchange TAOUSD+0.0656%1h320.61−0.425%$3K$4K5xas long as short
Hyperliquid TAO+0.0672%1h320.85−0.350%$94.9M$109.9M5xas long as short
Reya TAORUSDPERP+0.0698%1h320.59−0.430%$36920xas long as short
Lighter TAO+0.0872%1h321.01−0.301%$1.5M$6.6M5xas long as short
Coinbase International TAO-PERP-INTX+0.0944%1h322.95+0.302%$1.5M$6.9M50xas long as short
RISEx TAO/USDC+0.1077%1h320.34−0.509%$461K$665K5xas long as short
Kraken Futures PF_TAOUSD+0.1151%1h320.82−0.359%$6.1M$21.7M50xas long as short
Injective TAO/USDC PERP+0.4723%1h328.25+1.948%$24K$2K12xas long as short