TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.58 per $10,000 · paid last 24h +0.071%

Price spread now: BloFin against Orderly+0.045%7-day average +0.011% · you sell dearer than you buy

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

Long on Orderly Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.508%+$51 on $10k

Price spread, last 4 days (all we have)−0.026%−$3 · spread now +0.045%, 7d avg +0.011%

Together, before fees+0.482%+$48 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BloFin is 0.034% dearer against Orderly than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.011%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TAO_USDC	313.91	0.0250	pay 0.0125% / 4h	1h 29m	$52K	$262K	10x
Short	BloFin TAO-USDT	314.05	0.0366	get 0.0183% / 4h	1h 29m	$4.8M	$10.6M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Orderly. 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 OrderlybpFee BloFinbpOrdersPrice spread, now +0.045%Rate

Funding earned: $24.37
Price spread: +0.045% → +0.011%: $3.39
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $9.76
Costs to cover: 0.180%
Break-even: 4.2 days

Slippage unknown: Orderly: no order-book sample; BloFin: live order book, 3 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 BloFin live order book, 3 min ago	1.43 bp	11.4 bp −$11	16.7 bp −$167	30.3 bp −$3,031	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 43 exchanges

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 −0.0003%	1h	313.63	−0.091%	$19K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	314.40	+0.156%	$52K	$632K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	313.90	−0.003%	$26.6M	$127.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	313.80	−0.035%	$15.8M	$48.1M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	313.89	−0.006%	$17.3M	$31.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	313.65	−0.083%	$35.6M	$55.7M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	313.93	+0.006%	$44K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	313.86	−0.016%	$70K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	313.78	−0.041%	$1K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.00	+0.029%	$112K	$555K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0103%	8h	314.30	+0.124%	$1K	$1.3M	5x	as long as short
Extended TAO-USD	+0.0112%	1h	313.89	−0.008%	$949K	$2.1M	25x	as long as short
Aevo TAO-PERP	+0.0112%	1h	313.94	+0.010%	$172K	$998	3x	as long as short
Lighter TAO	+0.0120%	1h	314.11	+0.063%	$1.6M	$6.7M	5x	as long as short
MEXC TAO_USDT	+0.0124%	4h	313.95	+0.013%	$108.8M	$149.2M	300x	as long as short
Binance TAOUSDT	+0.0125%	4h	313.92	+0.003%	$92.4M	$511.2M	75x	as long as short
edgeX TAOUSDC	+0.0127%	4h	313.93	+0.005%	$42K	$325K	10x	as long as short
Bybit TAOUSDT	+0.0131%	4h	313.97	+0.019%	$68.6M	$155.7M	50x	as long as short
BingX TAO-USDT	+0.0166%	4h	313.91	0.000%	—	$38.1M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0180%	1h	313.89	−0.005%	$16K	$1.9M	25x	as long as short
Paradex TAO-USD-PERP	+0.0186%	8h	314.50	+0.187%	$14K	$876	10x	as long as short
GRVT TAO_USDT_Perp	+0.0218%	4h	313.65	−0.082%	$535K	$795K	10x	as long as short
Pacifica TAO	+0.0240%	1h	314.44	+0.169%	$372K	$456K	10x	as long as short
Bullet TAO-USD	+0.0242%	1h	314.08	+0.054%	$12K	$16K	20x	as long as short
Orderly PERP_TAO_USDClong	+0.0250%	4h	313.91	long leg	$52K	$262K	10x
Phemex TAOUSDT	+0.0270%	4h	314.02	+0.035%	$3.2M	$8.2M	50x	as long as short
Aster TAOUSDT	+0.0282%	4h	313.89	−0.007%	$1.2M	$11.3M	50x	as long as short
Nado TAO-PERP	+0.0355%	1h	313.99	+0.026%	$670K	$2.0M	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0358% / S −0.0107%	1h	313.71	−0.063%	$368K	—	100x	as long as short
BloFin TAO-USDTshort	+0.0366%	4h	314.05	+0.045%	$4.8M	$10.6M	100x
Variational Omni TAO	+0.0466%	4h	313.94	+0.010%	$5.6M	$9.9M	—	as long as short
Hyperliquid TAO	+0.0489%	1h	314.12	+0.067%	$94.4M	$106.7M	5x	as long as short
01 Exchange TAOUSD	+0.0496%	1h	314.60	+0.220%	$3K	$2K	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	314.62	+0.226%	$100K	$311K	5x	as long as short
dYdX TAO-USD	+0.0617%	1h	314.20	+0.092%	$265K	$230K	5x	as long as short
Phoenix TAO	+0.0650%	1h	314.30	+0.124%	$316K	$710K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0665%	1h	313.99	+0.025%	$299K	$1.1M	10x	as long as short
RISEx TAO/USDC	+0.0666%	1h	313.83	−0.026%	$435K	$669K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	314.37	+0.147%	$1.1M	$7.5M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	314.30	+0.125%	$361	—	20x	as long as short
Bulk TAO-USD	+0.0827%	1h	315.24	+0.422%	$167K	$0	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0938%	1h	314.09	+0.059%	$6.3M	$19.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	318.52	+1.469%	$23K	$2K	12x	as long as short