Funding you earn now, next payment 04:00 UTC+0.0722%/8h= +79.0% APRnext payment +$3.61 per $10,000 · paid last 24h 0.000%
Price spread now: Bybit against Orderly+0.051%7-day average +0.019% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.121%+$12 on $10k
+Price spread, last 3 days (all we have)−0.050%−$5 · spread now +0.051%, 7d avg +0.019%
=Both sides work for this trade now. Funding pays +$22 a day on $10k at the current rate, and Bybit is 0.032% dearer against Orderly than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.019%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.121% in total (about 6.3% a year). A funding rate is set anew for every payment; at this rate the next one is about +$3.61 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 | 314.54 | 0.0100 | pay 0.0050% / 4h | 2h 27m | $57K | $282K | 10x |
| Short | Bybit TAOUSDT | 314.70 | 0.0822 | get 0.0411% / 4h | 2h 27m | $65.9M | $137.5M | 50x |
Orderly PERP_TAO_USDC
Bybit TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit 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
- $151.55
- Price spread: +0.051% → +0.019%
- $3.16
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $137.71
- Costs to cover
- 0.170%
- Break-even
- 0.6 days
Slippage unknown: Orderly: no order-book sample; Bybit: live order book, 2 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 Bybit live order book, 2 min ago | 0.16 bp | 10.6 bp −$11 | 16.5 bp −$165 | 36.1 bp −$3,606 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 314.00 | −0.172% | $126K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0002% | 1h | 314.22 | −0.102% | $12K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.00 | −0.172% | $39K | $626K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.51 | −0.010% | $90.1M | $464.1M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.80 | +0.083% | $25.8M | $112.0M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.30 | −0.076% | $12.8M | $50.2M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 314.54 | 0.000% | $108.9M | $138.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.65 | +0.035% | $18.1M | $30.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.30 | −0.076% | $35.1M | $53.3M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 312.67 | −0.594% | $35K | $298K | 10x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| ApeX Omni TAOUSDT | +0.0100% | 1h | 313.06 | −0.471% | $47K | $256K | 50x | as long as short |
| Orderly PERP_TAO_USDClong | +0.0100% | 4h | 314.54 | long leg | $57K | $282K | 10x | |
| SunX TAO-USDT | +0.0100% | 4h | 314.35 | −0.060% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.34 | −0.064% | $129K | $472K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 314.26 | −0.089% | $3.4M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 314.86 | +0.103% | $173K | $998 | 3x | as long as short |
| GRVT TAO_USDT_Perp | +0.0116% | 4h | 313.32 | −0.389% | $516K | $966K | 10x | as long as short |
| Katana Perps TAO-USD | +0.0121% | 8h | 314.17 | −0.118% | $1K | $700K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0151% | 1h | 314.44 | −0.032% | $82K | $679K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0168% | 1h | 314.46 | −0.024% | $5.6M | $20.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0169% / S +0.0091% | 1h | 314.13 | −0.131% | $439K | — | 100x | as long as short |
| Bullet TAO-USD | +0.0224% | 1h | 314.52 | −0.006% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0231% | 4h | 314.57 | +0.010% | $1.3M | $9.4M | 50x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 314.14 | −0.127% | $369K | $381K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0325% | 8h | 314.42 | −0.037% | $14K | $1K | 10x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 314.27 | −0.086% | $99K | $529K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0470% | 1h | 312.28 | −0.719% | $23K | $2K | 12x | as long as short |
| Nado TAO-PERP | +0.0515% | 1h | 314.38 | −0.052% | $779K | $2.1M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0574% | 1h | 314.52 | −0.006% | $24K | $1.5M | 25x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 312.30 | −0.712% | $326K | $681K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0648% | 1h | 314.34 | −0.064% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 314.43 | −0.036% | $362 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0760% | 4h | 314.59 | +0.016% | — | $31.0M | — | as long as short |
| Variational Omni TAO | +0.0774% | 4h | 311.95 | −0.824% | $5.4M | $8.8M | — | as long as short |
| Bybit TAOUSDTshort | +0.0822% | 4h | 314.70 | +0.051% | $65.9M | $137.5M | 50x | |
| Extended TAO-USD | +0.0896% | 1h | 314.54 | −0.001% | $898K | $2.3M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0897% | 1h | 314.73 | +0.060% | $318K | $814K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 315.37 | +0.264% | $1.5M | $6.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1132% | 1h | 314.19 | −0.111% | $449K | $630K | 5x | as long as short |
| Hyperliquid TAO | +0.1229% | 1h | 315.00 | +0.146% | $99.6M | $94.8M | 5x | as long as short |
| Lighter TAO | +0.1424% | 1h | 314.92 | +0.120% | $1.6M | $6.0M | 5x | as long as short |
| Bulk TAO-USD | +0.4286% | 1h | 309.11 | −1.727% | $164K | $40K | 10x | as long as short |
ApeX Omni TAOUSDT
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
GRVT TAO_USDT_Perp
Katana Perps TAO-USD
Polymarket Perps TAO-USD
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Bullet TAO-USD
Aster TAOUSDT
Pacifica TAO
Paradex TAO-USD-PERP
Arcus TAO-USD
Injective TAO/USDC PERP
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
BingX TAO-USDT
Variational Omni TAO
Extended TAO-USD
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Hyperliquid TAO
Lighter TAO
Bulk TAO-USD