TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.05 per $10,000 · paid last 24h +0.001%

Price spread now: Orderly against Binance−0.050%7-day average +0.007% · you buy dearer than you sell

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

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)+0.064%+$6 · spread now −0.050%, 7d avg +0.007%

Together, before fees+0.008%+$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.058% cheaper against Binance than usual: you would sell low and buy high (spread −0.050% now, against its 7-day average of +0.007%). If the spread goes back, that is −$6 on $10k: about 21 days of funding at the current rate ($0 a day). Mind the row above: over the last 7 days funding on this pair cost −0.056%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	318.21	0.0177	pay 0.0088% / 4h	3h 58m	$93.1M	$533.2M	75x
Short	Orderly PERP_TAO_USDC	318.05	0.0186	get 0.0093% / 4h	3h 58m	$52K	$295K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. 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 BinancebpFee OrderlybpOrdersPrice spread, now −0.050%Rate

Funding earned: $1.92
Price spread: −0.050% → +0.007%: −$5.76
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$19.84
Costs to cover: 0.160%
Break-even: 79.2 days

Slippage unknown: Binance: live order book, 15 min ago; Orderly: 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 Binance live order book, 15 min ago	0.16 bp	6.3 bp −$6	6.6 bp −$66	13.7 bp −$1,366	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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 42 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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	317.53	−0.213%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0065%	1h	317.56	−0.206%	$128K	$86K	5x	as long as short
Nado TAO-PERP	+0.0100%	1h	317.79	−0.133%	$777K	$2.0M	10x	as long as short
Bybit TAOUSDT	+0.0100%	4h	318.31	+0.031%	$70.0M	$157.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.20	−0.003%	$26.5M	$131.8M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.90	−0.097%	$14.8M	$48.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.89	−0.101%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.99	−0.069%	$35.8M	$57.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.78	−0.135%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.57	−0.201%	$2K	$2.0M	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	317.69	−0.163%	$116K	$590K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0102% / S +0.0141%	1h	317.55	−0.209%	$405K	—	100x	as long as short
Bullet TAO-USD	+0.0120%	1h	317.90	−0.098%	$12K	$17K	20x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.08	−0.039%	$175K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0137%	1h	317.45	−0.239%	$46K	$259K	50x	as long as short
MEXC TAO_USDT	+0.0176%	4h	318.21	0.000%	$104.4M	$151.1M	300x	as long as short
Binance TAOUSDTlong	+0.0177%	4h	318.21	long leg	$93.1M	$533.2M	75x
Popdex TAOUSDT	+0.0184%	1h	317.75	−0.145%	$49K	$717K	20x	as long as short
Orderly PERP_TAO_USDCshort	+0.0186%	4h	318.05	−0.050%	$52K	$295K	10x
edgeX TAOUSDC	+0.0189%	4h	317.56	−0.204%	$42K	$321K	10x	as long as short
Bulk TAO-USD	+0.0217%	1h	317.92	−0.090%	$169K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0250%	8h	318.22	+0.002%	$14K	$1K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0272%	1h	318.08	−0.040%	$15K	$1.9M	25x	as long as short
BingX TAO-USDT	+0.0280%	4h	318.02	−0.060%	—	$37.4M	—	as long as short
GRVT TAO_USDT_Perp	+0.0300%	4h	318.61	+0.125%	$542K	$896K	10x	as long as short
Pacifica TAO	+0.0313%	1h	318.06	−0.048%	$373K	$454K	10x	as long as short
Aster TAOUSDT	+0.0334%	4h	318.19	−0.008%	$1.3M	$11.1M	50x	as long as short
Extended TAO-USD	+0.0360%	1h	318.07	−0.045%	$904K	$2.4M	25x	as long as short
Hyperliquid TAO	+0.0404%	1h	317.98	−0.072%	$94.1M	$110.3M	5x	as long as short
Phemex TAOUSDT	+0.0413%	4h	317.85	−0.113%	$3.2M	$8.1M	50x	as long as short
BloFin TAO-USDT	+0.0417%	4h	318.13	−0.025%	$4.8M	$11.0M	100x	as long as short
Arcus TAO-USD	+0.0473%	1h	318.14	−0.022%	$100K	$383K	5x	as long as short
01 Exchange TAOUSD	+0.0512%	1h	317.99	−0.069%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0560%	1h	318.18	−0.010%	$1.6M	$6.6M	5x	as long as short
Variational Omni TAO	+0.0581%	4h	318.88	+0.211%	$5.6M	$10.1M	—	as long as short
Phoenix TAO	+0.0629%	1h	318.20	−0.003%	$320K	$699K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.93	−0.087%	$366	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0761%	1h	317.98	−0.072%	$434K	$992K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0782%	1h	318.12	−0.028%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	317.78	−0.136%	$448K	$668K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	318.46	+0.079%	$1.2M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	322.44	+1.329%	$23K	$2K	12x	as long as short