Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0186%/8h= −20.4% APRpaid last 24h −0.067%

Price spread now: Variational Omni against 01 Exchange+0.038%7-day average — · you sell dearer than you buy

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

Long on 01 Exchange Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 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

The price spread pays, funding is against you. Variational Omni is 0.038% dearer against 01 Exchange than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange TAOUSD	311.02	0.0480	pay 0.0060% / 1h	23m 00s	$3K	$4K	5x
Short	Variational Omni TAO	311.14	0.0294	get 0.0147% / 4h	3h 23m	$5.5M	$10.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against 01 Exchange. 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 01 ExchangebpFee Variational OmnibpOrdersPrice spread, now +0.038%Rate

Funding earned: −$39.14
Price spread: +0.038% → 0.000%: $3.78
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$42.36
Costs to cover: 0.070%
Break-even: never at this rate

Slippage unknown: 01 Exchange: no order-book sample; Variational Omni: RFQ quote, 1 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Variational Omni RFQ quote, 1 min ago	2.86 bp	doesn't fit	17.9 bp −$179	45.7 bp −$4,572	doesn't fit

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
Kraken Futures PF_TAOUSD	−0.0349%	1h	310.85	−0.056%	$5.5M	$20.6M	50x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	310.72	−0.097%	$20K	—	150x	as long as short
dYdX TAO-USD	+0.0013%	1h	310.54	−0.153%	$124K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	310.86	−0.051%	$46K	$656K	20x	as long as short
Katana Perps TAO-USD	+0.0099%	8h	310.60	−0.135%	$2K	$843K	5x	as long as short
Pacifica TAO	+0.0100%	1h	310.97	−0.016%	$354K	$414K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	310.77	−0.081%	$89.1M	$500.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	310.89	−0.042%	$66.9M	$150.3M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	310.60	−0.135%	$25.9M	$120.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	310.60	−0.135%	$13.2M	$50.2M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC TAO_USDT	+0.0100%	4h	310.79	−0.074%	$102.0M	$145.2M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	310.72	−0.096%	$17.7M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	310.41	−0.196%	$34.8M	$56.5M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	310.82	−0.064%	—	$33.5M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	311.00	−0.005%	$41K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	310.69	−0.105%	$528K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	310.75	−0.087%	$46K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	310.70	−0.103%	$79K	$900K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	310.98	−0.014%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	310.77	−0.080%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	310.34	−0.219%	$109K	$541K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	310.97	−0.016%	$171K	$998	3x	as long as short
Aster TAOUSDT	+0.0106%	4h	310.81	−0.068%	$1.3M	$10.5M	50x	as long as short
Orderly PERP_TAO_USDC	+0.0115%	4h	310.86	−0.051%	$51K	$290K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0137% / S +0.0135%	1h	310.71	−0.098%	$412K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0141%	8h	310.89	−0.040%	$14K	$1K	10x	as long as short
Phemex TAOUSDT	+0.0206%	4h	310.93	−0.029%	$3.2M	$8.0M	50x	as long as short
Arcus TAO-USD	+0.0231%	1h	311.12	+0.032%	$101K	$394K	5x	as long as short
Variational Omni TAOshort	+0.0294%	4h	311.14	+0.038%	$5.5M	$10.1M	—
Extended TAO-USD	+0.0312%	1h	310.69	−0.105%	$904K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	311.10	+0.026%	$4.5M	$10.7M	100x	as long as short
Nado TAO-PERP	+0.0353%	1h	310.71	−0.099%	$783K	$2.2M	10x	as long as short
Phoenix TAO	+0.0457%	1h	311.10	+0.026%	$310K	$711K	5x	as long as short
Hyperliquid TAO	+0.0459%	1h	310.92	−0.032%	$91.3M	$107.7M	5x	as long as short
01 Exchange TAOUSDlong	+0.0480%	1h	311.02	long leg	$3K	$4K	5x
Backpack TAO_USDC_PERP	+0.0493%	1h	310.94	−0.026%	$309K	$885K	10x	as long as short
Lighter TAO	+0.0576%	1h	311.21	+0.060%	$1.5M	$6.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0646%	1h	311.01	−0.005%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	310.85	−0.056%	$357	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	310.88	−0.045%	$442K	$655K	5x	as long as short
Bulk TAO-USD	+0.0817%	1h	310.92	−0.032%	$165K	$333	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	311.31	+0.093%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	315.24	+1.357%	$23K	$2K	12x	as long as short