Funding you earn now, next payment 08:00 UTC+0.0251%/8h= +27.4% APRnext payment +$1.25 per $10,000 · paid last 24h −0.001%
Price spread now: BingX against Orderly−0.078%7-day average −0.014% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 4 days (all we have)+0.104%+$10 · spread now −0.078%, 7d avg −0.014%
=Funding pays, the price is against you. BingX is 0.064% cheaper against Orderly than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of −0.014%). If the spread goes back, that is −$6 on $10k: about 21 hours of funding at the current rate (+$8 a day). At the pace of the last 7 days (+0.124% in total) that is about 3.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.124% in total (about 6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.25 per $10,000. 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 | Orderly PERP_TAO_USDC | 319.03 | 0.0119 | pay 0.0060% / 4h | 1h 36m | $53K | $292K | 10x |
| Short | BingX TAO-USDT | 318.78 | 0.0370 | get 0.0185% / 4h | 1h 36m | — | $34.5M | — |
Orderly PERP_TAO_USDC
BingX TAO-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Orderly. 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
- $52.61
- Price spread: −0.078% → −0.014%
- −$6.42
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- $30.19
- Costs to cover
- 0.160%
- Break-even
- 3.0 days
Slippage unknown: Orderly: no order-book sample; BingX: live order book, 7 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 BingX live order book, 7 min ago | 0.47 bp | 7.0 bp −$7 | 11.7 bp −$117 | 23.7 bp −$2,374 | 49.8 bp −$24.9K |
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 | −0.2019% | 1h | 319.65 | +0.194% | $170K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 318.44 | −0.184% | $127K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 319.25 | +0.068% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 318.86 | −0.053% | $42K | $703K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.70 | −0.103% | $26.7M | $129.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.60 | −0.135% | $14.2M | $51.7M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.72 | −0.097% | $17.8M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.46 | −0.179% | $35.7M | $58.4M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 319.72 | +0.216% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.16 | +0.041% | $80K | $1.1M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 318.85 | −0.056% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.70 | −0.103% | $118K | $589K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0109% | 8h | 318.85 | −0.056% | $723 | $1.0M | 5x | as long as short |
| Orderly PERP_TAO_USDClong | +0.0119% | 4h | 319.03 | long leg | $53K | $292K | 10x | |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0120% / S +0.0157% | 1h | 318.75 | −0.088% | $431K | — | 100x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 319.09 | +0.017% | $175K | $998 | 3x | as long as short |
| edgeX TAOUSDC | +0.0158% | 4h | 319.79 | +0.239% | $42K | $317K | 10x | as long as short |
| MEXC TAO_USDT | +0.0160% | 4h | 319.01 | −0.006% | $104.7M | $149.8M | 300x | as long as short |
| Binance TAOUSDT | +0.0161% | 4h | 318.83 | −0.062% | $92.2M | $527.9M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0257% | 8h | 318.78 | −0.077% | $14K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0257% | 4h | 318.93 | −0.031% | $3.2M | $8.1M | 50x | as long as short |
| Aster TAOUSDT | +0.0314% | 4h | 318.79 | −0.075% | $1.3M | $10.9M | 50x | as long as short |
| Bybit TAOUSDT | +0.0362% | 4h | 318.78 | −0.078% | $69.6M | $155.8M | 50x | as long as short |
| BingX TAO-USDTshort | +0.0370% | 4h | 318.78 | −0.078% | — | $34.5M | — | |
| Bullet TAO-USD | +0.0386% | 1h | 319.20 | +0.053% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0401% | 4h | 319.27 | +0.075% | $4.7M | $11.1M | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0402% | 4h | 319.74 | +0.224% | $544K | $940K | 10x | as long as short |
| Extended TAO-USD | +0.0480% | 1h | 318.84 | −0.059% | $912K | $2.4M | 25x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 318.86 | −0.052% | $363K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0535% | 4h | 319.70 | +0.210% | $5.6M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 319.70 | +0.210% | $318K | $709K | 5x | as long as short |
| Hyperliquid TAO | +0.0625% | 1h | 318.98 | −0.016% | $94.3M | $110.1M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0632% | 1h | 319.15 | +0.038% | $3K | $4K | 5x | as long as short |
| Nado TAO-PERP | +0.0635% | 1h | 319.14 | +0.034% | $796K | $2.1M | 10x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 319.86 | +0.260% | $103K | $394K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0643% | 1h | 318.96 | −0.022% | $11K | $1.9M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0670% | 1h | 318.93 | −0.031% | $299K | $904K | 10x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 319.34 | +0.098% | $367 | — | 20x | as long as short |
| Lighter TAO | +0.0824% | 1h | 319.05 | +0.006% | $1.5M | $6.7M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 320.89 | +0.583% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 319.14 | +0.034% | $458K | $664K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1157% | 1h | 319.03 | +0.001% | $6.0M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.63 | +1.442% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Phemex TAOUSDT
Aster TAOUSDT
Bybit TAOUSDT
Bullet TAO-USD
BloFin TAO-USDT
GRVT TAO_USDT_Perp
Extended TAO-USD
Pacifica TAO
Variational Omni TAO
Phoenix TAO
Hyperliquid TAO
01 Exchange TAOUSD
Nado TAO-PERP
Arcus TAO-USD
Deribit TAO_USDC-PERPETUAL
Backpack TAO_USDC_PERP
Reya TAORUSDPERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP