TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0217%/8h= −23.8% APRnext payment −$1.09 per $10,000 · paid last 24h −0.071%

Price spread now: Orderly against BloFin−0.064%7-day average −0.011% · you buy dearer than you sell

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

Long on BloFin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.514%−$51 on $10k

Price spread, last 4 days (all we have)+0.052%+$5 · spread now −0.064%, 7d avg −0.011%

Together, before fees−0.462%−$46 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Orderly is 0.052% cheaper against BloFin than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.011%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin TAO-USDT	314.49	0.0340	pay 0.0170% / 4h	3h 52m	$4.6M	$10.8M	100x
Short	Orderly PERP_TAO_USDC	314.29	0.0123	get 0.0061% / 4h	3h 52m	$52K	$270K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against BloFin. 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 BloFinbpFee OrderlybpOrdersPrice spread, now −0.064%Rate

Funding earned: −$45.66
Price spread: −0.064% → −0.011%: −$5.23
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$68.89
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 6 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 BloFin live order book, 6 min ago	0.63 bp	11.2 bp −$11	15.4 bp −$154	31.7 bp −$3,175	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 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	−0.0345%	1h	314.41	−0.026%	$5.5M	$20.6M	50x	as long as short
dYdX TAO-USD	0.0000%	1h	313.91	−0.184%	$125K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	313.92	−0.182%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.19	−0.095%	$43K	$653K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.04	−0.143%	$1K	$807K	5x	as long as short
Pacifica TAO	+0.0100%	1h	314.14	−0.111%	$358K	$412K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.19	−0.095%	$90.5M	$496.0M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.25	−0.076%	$67.6M	$149.2M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.20	−0.092%	$26.0M	$120.7M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.10	+0.194%	$167K	$2K	10x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate TAO_USDT	+0.0100%	4h	313.90	−0.188%	$13.0M	$49.3M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.20	−0.092%	$101.0M	$143.6M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	314.05	−0.140%	$17.8M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.88	−0.194%	$35.1M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.13	−0.114%	—	$33.0M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	314.34	−0.049%	$42K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	313.64	−0.272%	$532K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	314.29	−0.064%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.95	−0.172%	$81K	$866K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	314.13	−0.113%	$11K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.28	−0.067%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	313.84	−0.207%	$109K	$535K	20x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.52	+0.009%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDCshort	+0.0123%	4h	314.29	−0.064%	$52K	$270K	10x
Aster TAOUSDT	+0.0137%	4h	314.15	−0.108%	$1.2M	$10.4M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0142% / S +0.0124%	1h	313.85	−0.203%	$427K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0144%	8h	314.23	−0.083%	$14K	$1K	10x	as long as short
Hyperliquid TAO	+0.0165%	1h	314.24	−0.079%	$92.2M	$106.7M	5x	as long as short
Extended TAO-USD	+0.0184%	1h	314.18	−0.100%	$918K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0202%	1h	314.26	−0.072%	$798K	$2.2M	10x	as long as short
Arcus TAO-USD	+0.0231%	1h	314.54	+0.016%	$102K	$441K	5x	as long as short
BloFin TAO-USDTlong	+0.0340%	4h	314.49	long leg	$4.6M	$10.8M	100x
Variational Omni TAO	+0.0362%	4h	313.70	−0.251%	$5.6M	$9.9M	—	as long as short
Lighter TAO	+0.0384%	1h	314.53	+0.014%	$1.5M	$6.4M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0390%	1h	314.60	+0.035%	$313K	$914K	10x	as long as short
01 Exchange TAOUSD	+0.0392%	1h	314.61	+0.038%	$3K	$4K	5x	as long as short
Phoenix TAO	+0.0457%	1h	313.90	−0.188%	$312K	$711K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0560%	1h	314.51	+0.005%	$21K	$1.7M	25x	as long as short
Phemex TAOUSDT	+0.0563%	4h	314.60	+0.035%	$3.2M	$8.1M	50x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.10	−0.125%	$361	—	20x	as long as short
RISEx TAO/USDC	+0.0816%	1h	314.27	−0.068%	$435K	$653K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0952%	1h	314.92	+0.137%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4092%	1h	317.67	+1.011%	$23K	$2K	12x	as long as short