Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0140%/8h= +15.4% APRpaid last 24h +0.073%

Price spread now: 01 Exchange against Variational Omni+0.216%7-day average — · you sell dearer than you buy

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

Long on Variational Omni Short on 01 Exchange

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropVariational Omni: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and 01 Exchange is 0.216% dearer against Variational Omni than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni TAO	318.45	0.0460	pay 0.0230% / 4h	3h 25m	$5.5M	$8.7M	—
Short	01 Exchange TAOUSD	319.14	0.0600	get 0.0075% / 1h	25m 32s	$3K	$4K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.216%Rate

Funding earned: $29.48
Price spread: +0.216% → 0.000%: $21.59
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $44.07
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 4 min ago; 01 Exchange: no order-book sample. 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, 4 min ago	2.88 bp	doesn't fit	13.8 bp −$138	doesn't fit	doesn't fit
Sell 01 Exchange no order-book sample	—	—	—	—	—

01 Exchange: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.1321%	1h	318.22	−0.073%	$169K	$44K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	318.50	+0.015%	$127K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	317.94	−0.162%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	318.52	+0.021%	$43K	$592K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	318.41	−0.013%	$91.5M	$447.4M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.50	+0.015%	$26.1M	$108.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.50	+0.015%	$12.9M	$50.7M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	318.40	−0.016%	$108.9M	$135.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.29	−0.051%	$18.2M	$29.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.33	−0.038%	$35.4M	$50.8M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	317.16	−0.405%	$40K	$292K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.62	−0.576%	$523K	$969K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	318.11	−0.108%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.69	−0.553%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.21	−0.076%	$127K	$423K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	317.67	−0.246%	$3.4M	$7.8M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	318.35	−0.032%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	318.48	+0.009%	$737	$625K	5x	as long as short
Bullet TAO-USD	+0.0110%	1h	318.66	+0.065%	$12K	$17K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0173% / S +0.0093%	1h	317.99	−0.144%	$457K	—	100x	as long as short
Pacifica TAO	+0.0185%	1h	318.86	+0.127%	$377K	$376K	10x	as long as short
Arcus TAO-USD	+0.0201%	1h	318.99	+0.169%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0214%	4h	318.46	+0.002%	$1.1M	$8.6M	50x	as long as short
Paradex TAO-USD-PERP	+0.0236%	8h	318.71	+0.082%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0297%	1h	318.63	+0.056%	$93K	$635K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0312%	1h	318.15	−0.095%	$17K	$1.5M	25x	as long as short
ApeX Omni TAOUSDT	+0.0316%	1h	317.14	−0.412%	$49K	$267K	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	317.04	−0.444%	$4.5M	$10.8M	100x	as long as short
BingX TAO-USDT	+0.0398%	4h	318.81	+0.112%	—	$30.7M	—	as long as short
Variational Omni TAOlong	+0.0460%	4h	318.45	long leg	$5.5M	$8.7M	—
Bybit TAOUSDT	+0.0475%	4h	318.76	+0.097%	$65.7M	$133.1M	50x	as long as short
Kraken Futures PF_TAOUSD	+0.0482%	1h	318.01	−0.138%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	318.10	−0.111%	$333K	$624K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	322.97	+1.419%	$23K	$678	12x	as long as short
01 Exchange TAOUSDshort	+0.0600%	1h	319.14	+0.216%	$3K	$4K	5x
Reya TAORUSDPERP	+0.0695%	1h	318.39	−0.019%	$366	—	20x	as long as short
Nado TAO-PERP	+0.0769%	1h	318.41	−0.012%	$890K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0843%	1h	318.13	−0.101%	$321K	$818K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.19	−0.082%	$1.5M	$6.3M	50x	as long as short
RISEx TAO/USDC	+0.1141%	1h	318.89	+0.138%	$423K	$591K	5x	as long as short
Extended TAO-USD	+0.1144%	1h	318.78	+0.102%	$926K	$2.3M	25x	as long as short
Lighter TAO	+0.1400%	1h	319.23	+0.243%	$1.7M	$6.0M	5x	as long as short
Hyperliquid TAO	+0.2046%	1h	318.87	+0.131%	$103.0M	$91.4M	5x	as long as short