TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0121%/8h= −13.2% APRnext payment −$0.60 per $10,000 · paid last 24h 0.000%

Price spread now: Orderly against BingX+0.022%7-day average +0.016% · you sell dearer than you buy

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

Long on BingX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.145%−$14 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.022%, 7d avg +0.016%

Together, before fees−0.161%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.016%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	314.28	0.0244	pay 0.0122% / 4h	50m 11s	—	$30.2M	—
Short	Orderly PERP_TAO_USDC	314.35	0.0123	get 0.0062% / 4h	50m 11s	$57K	$275K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BingX. 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 BingXbpFee OrderlybpOrdersPrice spread, now +0.022%Rate

Funding earned: −$25.31
Price spread: +0.022% → +0.016%: $0.65
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$40.66
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 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 BingX live order book, 4 min ago	0.95 bp	7.1 bp −$7	13.3 bp −$133	27.5 bp −$2,750	56.5 bp −$28.3K
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 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	−0.0499%	1h	315.15	+0.277%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.28	0.000%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.13	−0.048%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0057%	1h	314.39	+0.036%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.31	+0.010%	$41K	$685K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.41	+0.040%	$90.7M	$488.2M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.20	−0.025%	$25.9M	$118.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.10	−0.057%	$12.9M	$49.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.29	+0.003%	$104.4M	$142.1M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.29	+0.003%	$17.5M	$31.6M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	314.32	+0.013%	$35.1M	$55.7M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	316.19	+0.607%	$35K	$303K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.90	+0.515%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.41	+0.041%	$89K	$789K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.36	+0.024%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.30	+0.006%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.16	−0.038%	$109K	$526K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.24	−0.013%	$3.2M	$8.2M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.46	+0.059%	$173K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	313.98	−0.095%	$1K	$783K	5x	as long as short
GRVT TAO_USDT_Perp	+0.0122%	4h	316.28	+0.635%	$527K	$952K	10x	as long as short
Orderly PERP_TAO_USDCshort	+0.0123%	4h	314.35	+0.022%	$57K	$275K	10x
GMX TAO/USD [WBTC.b-USDC]	L +0.0153% / S +0.0115%	1h	314.08	−0.063%	$426K	—	100x	as long as short
01 Exchange TAOUSD	+0.0184%	1h	314.29	+0.003%	$3K	$4K	5x	as long as short
Bybit TAOUSDT	+0.0196%	4h	314.33	+0.016%	$68.7M	$146.0M	50x	as long as short
Paradex TAO-USD-PERP	+0.0201%	8h	315.06	+0.247%	$14K	$1K	10x	as long as short
Hyperliquid TAO	+0.0216%	1h	314.75	+0.150%	$94.0M	$104.8M	5x	as long as short
Aster TAOUSDT	+0.0218%	4h	314.37	+0.030%	$1.2M	$10.1M	50x	as long as short
BingX TAO-USDTlong	+0.0244%	4h	314.28	long leg	—	$30.2M	—
Backpack TAO_USDC_PERP	+0.0262%	1h	314.60	+0.102%	$313K	$914K	10x	as long as short
Nado TAO-PERP	+0.0264%	1h	314.60	+0.101%	$806K	$2.2M	10x	as long as short
Lighter TAO	+0.0328%	1h	314.70	+0.133%	$1.5M	$6.4M	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.43	+0.048%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	314.71	+0.137%	$99K	$488K	5x	as long as short
Extended TAO-USD	+0.0352%	1h	314.41	+0.040%	$922K	$2.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0355%	1h	314.50	+0.069%	$13K	$1.6M	25x	as long as short
Pacifica TAO	+0.0365%	1h	314.59	+0.099%	$367K	$402K	10x	as long as short
Phoenix TAO	+0.0581%	1h	316.60	+0.738%	$315K	$697K	5x	as long as short
Variational Omni TAO	+0.0651%	4h	314.33	+0.016%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	314.45	+0.055%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	314.47	+0.061%	$433K	$657K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	315.00	+0.229%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.25	+1.581%	$23K	$2K	12x	as long as short