TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0141%/8h= +15.5% APRnext payment +$0.71 per $10,000 · paid last 24h −0.004%

Price spread now: Orderly against Bybit+0.047%7-day average −0.021% · you sell dearer than you buy

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

Long on Bybit Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.097%−$10 on $10k

Price spread, last 4 days (all we have)+0.093%+$9 · spread now +0.047%, 7d avg −0.021%

Together, before fees−0.004%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Orderly is 0.068% dearer against Bybit than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.097%, 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	Bybit TAOUSDT	319.29	0.0100	pay 0.0050% / 4h	3h 13m	$69.8M	$153.9M	50x
Short	Orderly PERP_TAO_USDC	319.44	0.0241	get 0.0121% / 4h	3h 13m	$54K	$272K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Bybit. 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 BybitbpFee OrderlybpOrdersPrice spread, now +0.047%Rate

Funding earned: $29.7
Price spread: +0.047% → −0.021%: $6.79
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Orderly: 3 bp × 2 orders: −$6
Net: $19.49
Costs to cover: 0.170%
Break-even: 2.4 days

Slippage unknown: Bybit: live order book, 5 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 Bybit live order book, 5 min ago	0.16 bp	10.8 bp −$11	19.9 bp −$199	46.0 bp −$4,598	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
Bulk TAO-USD	−0.0269%	1h	313.94	−1.676%	$167K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	319.24	−0.017%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.52	+0.072%	$50K	$697K	20x	as long as short
Bybit TAOUSDTlong	+0.0100%	4h	319.29	long leg	$69.8M	$153.9M	50x
OKX TAO-USDT-SWAP	+0.0100%	8h	319.20	−0.028%	$26.5M	$129.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.50	−0.247%	$15.1M	$50.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.79	−0.157%	$17.6M	$32.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	318.94	−0.110%	$35.9M	$56.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.24	−0.016%	$88K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.22	−0.022%	$2K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	318.97	−0.100%	$116K	$539K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	319.33	+0.013%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	319.45	+0.052%	$175K	$998	3x	as long as short
Katana Perps TAO-USD	+0.0121%	8h	319.39	+0.031%	$1K	$1.2M	5x	as long as short
Binance TAOUSDT	+0.0164%	4h	319.03	−0.082%	$92.9M	$516.8M	75x	as long as short
MEXC TAO_USDT	+0.0164%	4h	318.79	−0.157%	$111.6M	$154.3M	300x	as long as short
BingX TAO-USDT	+0.0166%	4h	319.18	−0.034%	—	$38.8M	—	as long as short
edgeX TAOUSDC	+0.0168%	4h	318.13	−0.363%	$42K	$322K	10x	as long as short
Paradex TAO-USD-PERP	+0.0241%	8h	319.47	+0.056%	$14K	$876	10x	as long as short
Orderly PERP_TAO_USDCshort	+0.0241%	4h	319.44	+0.047%	$54K	$272K	10x
ApeX Omni TAOUSDT	+0.0283%	1h	318.30	−0.310%	$45K	$256K	50x	as long as short
Bullet TAO-USD	+0.0297%	1h	319.44	+0.046%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0333%	4h	319.22	−0.021%	$1.3M	$11.1M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0342%	4h	318.82	−0.146%	$540K	$838K	10x	as long as short
Pacifica TAO	+0.0349%	1h	319.34	+0.014%	$362K	$437K	10x	as long as short
dYdX TAO-USD	+0.0363%	1h	318.81	−0.149%	$128K	$87K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0366% / S −0.0109%	1h	319.09	−0.062%	$378K	—	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	319.67	+0.119%	$101K	$340K	5x	as long as short
BloFin TAO-USDT	+0.0404%	4h	319.11	−0.056%	$4.8M	$10.9M	100x	as long as short
Extended TAO-USD	+0.0440%	1h	318.81	−0.150%	$933K	$2.2M	25x	as long as short
Nado TAO-PERP	+0.0454%	1h	319.43	+0.043%	$771K	$1.9M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0512%	1h	319.44	+0.048%	$9K	$1.8M	25x	as long as short
Phoenix TAO	+0.0578%	1h	319.00	−0.091%	$321K	$714K	5x	as long as short
Variational Omni TAO	+0.0612%	4h	318.74	−0.173%	$5.6M	$9.9M	—	as long as short
Hyperliquid TAO	+0.0624%	1h	319.51	+0.069%	$94.8M	$109.6M	5x	as long as short
Lighter TAO	+0.0648%	1h	319.27	−0.005%	$1.6M	$6.7M	5x	as long as short
01 Exchange TAOUSD	+0.0672%	1h	319.96	+0.210%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	318.80	−0.152%	$367	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0744%	1h	319.58	+0.091%	$317K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0779%	1h	319.52	+0.073%	$6.2M	$21.0M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	318.81	−0.150%	$447K	$709K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	320.03	+0.232%	$1.1M	$7.4M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	317.77	−0.476%	$23K	$2K	12x	as long as short