Funding you earn now, next payment 00:00 UTC−0.0406%/8h= −44.5% APRpaid last 24h −0.045%
Price spread now: Orderly against Nado−0.039%51s7-day average +0.017% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.055%−$5 on $10k
+Price spread, last 3 days (all we have)+0.117%+$12 · spread now −0.039%, 7d avg +0.017%
=Together, before fees+0.062%+ Points / potential airdropNado: Active · farm board+$6 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Orderly is 0.056% cheaper against Nado than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.017%). Swap the legs. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.055% in total (about -6.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Nado TAO-PERP | 313.65 | 0.0506 | pay 0.0063% / 1h | 47m 29s | $843K | $2.0M | 10x |
| Short | Orderly PERP_TAO_USDC | 313.53 | 0.0100 | get 0.0050% / 4h | 47m 29s | $60K | $276K | 10x |
Nado TAO-PERP
Orderly PERP_TAO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Nado. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$85.25
- Price spread: −0.039% → +0.017%
- −$5.58
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$103.83
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Nado: live order book, 1 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 Nado live order book, 1 min ago | 1.12 bp | 6.7 bp −$7 | 18.7 bp −$187 | doesn't fit | 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 | −0.4722% | 1h | 314.01 | +0.115% | $168K | $48K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 314.20 | +0.175% | $126K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 313.04 | −0.194% | $21K | — | 150x | as long as short |
| Injective TAO/USDC PERP | +0.0033% | 1h | 314.39 | +0.235% | $23K | $260 | 12x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.80 | +0.047% | $40K | $549K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 314.48 | +0.264% | $372K | $372K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.79 | +0.044% | $88.8M | $421.8M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 313.79 | +0.044% | $61.5M | $123.4M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.40 | −0.081% | $25.2M | $100.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.10 | +0.143% | $12.7M | $49.0M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Injective TAO/USDC PERP
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 313.36 | −0.093% | $121.2M | $126.4M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.54 | −0.036% | $19.0M | $27.6M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.40 | −0.081% | $35.1M | $46.2M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 313.90 | +0.079% | — | $30.2M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.65 | −0.002% | $41K | $280K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 314.17 | +0.166% | $519K | $950K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.37 | −0.090% | $47K | $269K | 50x | as long as short |
| Orderly PERP_TAO_USDCshort | +0.0100% | 4h | 313.53 | −0.039% | $60K | $276K | 10x | |
| SunX TAO-USDT | +0.0100% | 4h | 313.43 | −0.071% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.28 | −0.119% | $128K | $394K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 313.25 | −0.128% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.76 | +0.033% | $172K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0110% | 8h | 313.91 | +0.082% | $2K | $537K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0123% | 1h | 313.86 | +0.066% | $77K | $522K | 5x | as long as short |
| Bullet TAO-USD | +0.0145% | 1h | 313.41 | −0.076% | $11K | $17K | 20x | as long as short |
| Variational Omni TAO | +0.0173% | 4h | 313.59 | −0.021% | $3.8M | $6.9M | — | as long as short |
| Paradex TAO-USD-PERP | +0.0186% | 8h | 314.25 | +0.190% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0186% | 1h | 314.16 | +0.162% | $83K | $626K | 5x | as long as short |
| Aster TAOUSDT | +0.0209% | 4h | 314.30 | +0.207% | $1.1M | $7.8M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0327% | 1h | 313.60 | −0.018% | $19K | $1.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 314.07 | +0.133% | $4.3M | $9.8M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0448% | 1h | 313.59 | −0.020% | $5.8M | $19.8M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0476% / S −0.0175% | 1h | 313.41 | −0.079% | $449K | — | 100x | as long as short |
| Nado TAO-PERPlong | +0.0506% | 1h | 313.65 | long leg | $843K | $2.0M | 10x | |
| Phoenix TAO | +0.0537% | 1h | 313.80 | +0.047% | $328K | $521K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0576% | 1h | 313.55 | −0.033% | $300K | $798K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 313.47 | −0.058% | $360 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0824% | 1h | 314.27 | +0.197% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0840% | 1h | 313.85 | +0.064% | $864K | $2.1M | 25x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 314.20 | +0.175% | $1.5M | $5.7M | 50x | as long as short |
| RISEx TAO/USDC | +0.1238% | 1h | 314.06 | +0.131% | $432K | $536K | 5x | as long as short |
| Lighter TAO | +0.1544% | 1h | 314.86 | +0.384% | $1.7M | $5.8M | 5x | as long as short |
| Hyperliquid TAO | +0.2158% | 1h | 314.13 | +0.152% | $98.3M | $82.8M | 5x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Polymarket Perps TAO-USD
Bullet TAO-USD
Variational Omni TAO
Paradex TAO-USD-PERP
Arcus TAO-USD
Aster TAOUSDT
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Phoenix TAO
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
01 Exchange TAOUSD
Extended TAO-USD
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO