TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0007%/8h= −0.8% APRnext payment −$0.04 per $10,000 · paid last 24h −0.001%

Price spread now: Binance against Orderly−0.047%49s7-day average −0.007% · you buy dearer than you sell

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

Long on Orderly Short on Binance

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)+0.033%+$3 · spread now −0.047%, 7d avg −0.007%

Together, before fees+0.089%+$9 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.040% cheaper against Orderly than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.007%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TAO_USDC	317.94	0.0184	pay 0.0092% / 4h	3h 59m	$52K	$295K	10x
Short	Binance TAOUSDT	317.79	0.0177	get 0.0088% / 4h	3h 59m	$93.0M	$533.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Orderly. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 OrderlybpFee BinancebpOrdersPrice spread, now −0.047%Rate

Funding earned: −$1.55
Price spread: −0.047% → −0.007%: −$3.99
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$21.54
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Binance: live order book, 14 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Binance live order book, 14 min ago	0.16 bp	6.3 bp −$6	13.4 bp −$134	37.4 bp −$3,741	doesn't fit

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	−0.128%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0065%	1h	317.56	−0.121%	$128K	$86K	5x	as long as short
Nado TAO-PERP	+0.0100%	1h	317.79	−0.048%	$777K	$2.0M	10x	as long as short
Bybit TAOUSDT	+0.0100%	4h	317.79	−0.047%	$69.9M	$157.0M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	317.70	−0.075%	$26.4M	$131.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	317.70	−0.075%	$14.8M	$48.7M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	317.58	−0.113%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.55	−0.123%	$35.7M	$57.7M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.78	−0.050%	$87K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	317.75	−0.060%	$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	317.76	−0.057%	$117K	$590K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0102% / S +0.0140%	1h	317.73	−0.065%	$405K	—	100x	as long as short
Bullet TAO-USD	+0.0120%	1h	317.90	−0.014%	$12K	$17K	20x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.27	+0.104%	$175K	$998	3x	as long as short
ApeX Omni TAOUSDT	+0.0137%	1h	317.45	−0.154%	$46K	$259K	50x	as long as short
MEXC TAO_USDT	+0.0176%	4h	317.81	−0.041%	$104.3M	$151.1M	300x	as long as short
Binance TAOUSDTshort	+0.0177%	4h	317.79	−0.047%	$93.0M	$533.0M	75x
Orderly PERP_TAO_USDClong	+0.0184%	4h	317.94	long leg	$52K	$295K	10x
Popdex TAOUSDT	+0.0184%	1h	317.75	−0.060%	$49K	$717K	20x	as long as short
edgeX TAOUSDC	+0.0189%	4h	317.56	−0.119%	$42K	$321K	10x	as long as short
Bulk TAO-USD	+0.0217%	1h	317.92	−0.005%	$169K	$0	10x	as long as short
Paradex TAO-USD-PERP	+0.0250%	8h	318.22	+0.087%	$14K	$1K	10x	as long as short
BingX TAO-USDT	+0.0280%	4h	318.06	+0.038%	—	$37.3M	—	as long as short
GRVT TAO_USDT_Perp	+0.0300%	4h	318.61	+0.211%	$542K	$896K	10x	as long as short
Pacifica TAO	+0.0313%	1h	318.06	+0.037%	$373K	$454K	10x	as long as short
Aster TAOUSDT	+0.0334%	4h	317.88	−0.020%	$1.3M	$11.1M	50x	as long as short
Hyperliquid TAO	+0.0351%	1h	317.94	0.000%	$94.0M	$110.3M	5x	as long as short
Extended TAO-USD	+0.0360%	1h	317.77	−0.053%	$904K	$2.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0370%	1h	318.21	+0.085%	$15K	$1.9M	25x	as long as short
BloFin TAO-USDT	+0.0418%	4h	318.84	+0.283%	$4.8M	$11.0M	100x	as long as short
Phemex TAOUSDT	+0.0422%	4h	317.92	−0.006%	$3.2M	$8.1M	50x	as long as short
Arcus TAO-USD	+0.0473%	1h	318.14	+0.063%	$100K	$383K	5x	as long as short
01 Exchange TAOUSD	+0.0512%	1h	317.99	+0.016%	$3K	$4K	5x	as long as short
Variational Omni TAO	+0.0581%	4h	318.88	+0.296%	$5.6M	$10.1M	—	as long as short
Phoenix TAO	+0.0629%	1h	318.20	+0.082%	$320K	$699K	5x	as long as short
Lighter TAO	+0.0632%	1h	318.22	+0.087%	$1.6M	$6.6M	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	317.88	−0.019%	$366	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0725%	1h	317.96	+0.006%	$434K	$992K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0833%	1h	317.98	+0.013%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	317.78	−0.052%	$448K	$668K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	318.22	+0.088%	$1.3M	$7.2M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.44	+1.415%	$23K	$2K	12x	as long as short