Funding you earn now, next payment 04:00 UTC−0.0624%/8h= −68.3% APRpaid last 24h −0.316%
Price spread now: Bulk against Orderly+0.306%45s7-day average −0.111% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.365%−$36 on $10k
+Price spread, last 4 days (all we have)−0.414%−$41 · spread now +0.306%, 7d avg −0.111%
=The price spread pays, funding is against you. Bulk is 0.416% dearer against Orderly than usual: you sell high and buy low (spread +0.306% now, against its 7-day average of −0.111%): +$42 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 2.2 days. The two prices were read 45 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 | 314.19 | 0.0124 | pay 0.0062% / 4h | 48m 45s | $57K | $275K | 10x |
| Short | Bulk TAO-USD | 315.15 | −0.0499 | pay 0.0062% / 1h | 48m 45s | $167K | $1K | 10x |
Orderly PERP_TAO_USDC
Bulk TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bulk 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
- −$130.97
- Price spread: +0.306% → −0.111%
- $41.61
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Net
- −$102.36
- Costs to cover
- 0.130%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Bulk: live order book, 10 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 Bulk live order book, 10 min ago | 0.16 bp | 4.8 bp −$5 | 9.4 bp −$94 | 21.9 bp −$2,186 | 33.1 bp −$16.6K |
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-USDshort | −0.0499% | 1h | 315.15 | +0.306% | $167K | $1K | 10x | |
| dYdX TAO-USD | 0.0000% | 1h | 314.34 | +0.049% | $125K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 313.92 | −0.088% | $20K | — | 150x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0057% | 1h | 314.33 | +0.044% | $5.5M | $20.6M | 50x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.48 | +0.092% | $41K | $685K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.71 | +0.166% | $90.8M | $488.9M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.60 | +0.130% | $25.9M | $118.9M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.60 | +0.130% | $12.9M | $49.4M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 314.79 | +0.191% | $104.8M | $142.2M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.54 | +0.111% | $17.5M | $31.6M | 75x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Kraken Futures PF_TAOUSD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTMShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TAOUSDT | +0.0100% | 4h | 314.69 | +0.159% | $35.2M | $55.8M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 316.19 | +0.636% | $35K | $303K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.46 | +0.086% | $46K | $252K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 314.00 | −0.060% | $89K | $789K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 314.29 | +0.032% | $12K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 314.27 | +0.025% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 313.91 | −0.089% | $109K | $527K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 314.21 | +0.006% | $3.2M | $8.2M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 314.26 | +0.023% | $173K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0104% | 8h | 314.70 | +0.162% | $2K | $784K | 5x | as long as short |
| GRVT TAO_USDT_Perp | +0.0122% | 4h | 316.28 | +0.664% | $527K | $952K | 10x | as long as short |
| Orderly PERP_TAO_USDClong | +0.0124% | 4h | 314.19 | long leg | $57K | $275K | 10x | |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0153% / S +0.0116% | 1h | 314.00 | −0.059% | $426K | — | 100x | as long as short |
| Bybit TAOUSDT | +0.0171% | 4h | 314.60 | +0.130% | $68.6M | $146.2M | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0184% | 1h | 315.08 | +0.283% | $3K | $4K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0197% | 8h | 314.59 | +0.128% | $14K | $1K | 10x | as long as short |
| Aster TAOUSDT | +0.0210% | 4h | 314.66 | +0.149% | $1.2M | $10.1M | 50x | as long as short |
| Hyperliquid TAO | +0.0234% | 1h | 314.62 | +0.137% | $93.9M | $104.8M | 5x | as long as short |
| BingX TAO-USDT | +0.0244% | 4h | 314.88 | +0.220% | — | $30.1M | — | as long as short |
| Nado TAO-PERP | +0.0253% | 1h | 314.21 | +0.008% | $818K | $2.2M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0280% | 1h | 314.54 | +0.111% | $315K | $913K | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 314.22 | +0.010% | $4.5M | $10.8M | 100x | as long as short |
| Arcus TAO-USD | +0.0345% | 1h | 315.12 | +0.296% | $99K | $488K | 5x | as long as short |
| Extended TAO-USD | +0.0352% | 1h | 314.76 | +0.181% | $922K | $2.4M | 25x | as long as short |
| Lighter TAO | +0.0360% | 1h | 314.83 | +0.204% | $1.5M | $6.4M | 5x | as long as short |
| Pacifica TAO | +0.0365% | 1h | 314.67 | +0.153% | $361K | $409K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0456% | 1h | 314.35 | +0.052% | $13K | $1.6M | 25x | as long as short |
| Phoenix TAO | +0.0581% | 1h | 314.50 | +0.099% | $313K | $697K | 5x | as long as short |
| Variational Omni TAO | +0.0651% | 4h | 314.33 | +0.045% | $5.8M | $9.8M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 314.14 | −0.016% | $361 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0991% | 1h | 315.18 | +0.317% | $434K | $657K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 315.00 | +0.258% | $1.5M | $6.6M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4222% | 1h | 319.61 | +1.725% | $23K | $2K | 12x | as long as short |
Bitget TAOUSDT
edgeX TAOUSDC
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
GRVT TAO_USDT_Perp
GMX TAO/USD [WBTC.b-USDC]
Bybit TAOUSDT
01 Exchange TAOUSD
Paradex TAO-USD-PERP
Aster TAOUSDT
Hyperliquid TAO
BingX TAO-USDT
Nado TAO-PERP
Backpack TAO_USDC_PERP
BloFin TAO-USDT
Arcus TAO-USD
Extended TAO-USD
Lighter TAO
Pacifica TAO
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
Variational Omni TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP