Funding you earn now, next payment 08:00 UTC+0.0703%/8h= +77.0% APRpaid last 24h +0.245%
Price spread now: Coinbase International against Orderly+0.006%54s7-day average +0.175% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.687%+$69 on $10k
+Price spread, last 4 days (all we have)+0.137%+$14 · spread now +0.006%, 7d avg +0.175%
=Funding pays, the price is against you. Coinbase International is 0.169% cheaper against Orderly than usual: you would sell low and buy high (spread +0.006% now, against its 7-day average of +0.175%). If the spread goes back, that is −$17 on $10k: about 19 hours of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.687% in total) that is about 41 hours. The two prices were read 54 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 | 319.64 | 0.0241 | pay 0.0120% / 4h | 3h 12m | $54K | $271K | 10x |
| Short | Coinbase International TAO-PERP-INTX | 319.66 | 0.0944 | get 0.0118% / 1h | 12m 23s | $1.1M | $7.4M | 50x |
Orderly PERP_TAO_USDC
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International 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
- $147.65
- Price spread: +0.006% → +0.175%
- −$16.89
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $114.76
- Costs to cover
- 0.160%
- Break-even
- 1.6 days
Slippage unknown: Orderly: no order-book sample; Coinbase International: 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 Coinbase International live order book, 2 min ago | 7.51 bp | 13.4 bp −$13 | 17.6 bp −$176 | doesn't fit | 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 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 | −0.0269% | 1h | 313.94 | −1.783% | $167K | $0 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 319.33 | −0.096% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 319.74 | +0.031% | $49K | $699K | 20x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 319.67 | +0.009% | $69.9M | $153.9M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 319.50 | −0.044% | $26.6M | $129.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 319.40 | −0.075% | $15.2M | $50.4M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 319.61 | −0.009% | $17.6M | $32.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 319.26 | −0.119% | $36.0M | $56.7M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 319.36 | −0.088% | $88K | $1.1M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 319.29 | −0.109% | $2K | $1.9M | 20x | as long as short |
Bulk TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 318.98 | −0.206% | $116K | $546K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 319.17 | −0.147% | $3.2M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0119% | 8h | 319.55 | −0.028% | $1K | $1.2M | 5x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 319.83 | +0.059% | $176K | $998 | 3x | as long as short |
| MEXC TAO_USDT | +0.0162% | 4h | 319.70 | +0.019% | $112.6M | $154.4M | 300x | as long as short |
| Binance TAOUSDT | +0.0164% | 4h | 319.70 | +0.019% | $93.1M | $517.1M | 75x | as long as short |
| edgeX TAOUSDC | +0.0165% | 4h | 318.91 | −0.230% | $42K | $323K | 10x | as long as short |
| BingX TAO-USDT | +0.0166% | 4h | 319.63 | −0.003% | — | $38.8M | — | as long as short |
| Paradex TAO-USD-PERP | +0.0236% | 8h | 319.69 | +0.016% | $15K | $876 | 10x | as long as short |
| Orderly PERP_TAO_USDClong | +0.0241% | 4h | 319.64 | long leg | $54K | $271K | 10x | |
| Bullet TAO-USD | +0.0289% | 1h | 319.69 | +0.016% | $12K | $17K | 20x | as long as short |
| ApeX Omni TAOUSDT | +0.0297% | 1h | 318.88 | −0.238% | $45K | $256K | 50x | as long as short |
| Aster TAOUSDT | +0.0329% | 4h | 319.71 | +0.022% | $1.3M | $11.1M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0332% | 4h | 319.18 | −0.143% | $541K | $838K | 10x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 319.55 | −0.027% | $363K | $437K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0367% / S −0.0109% | 1h | 319.31 | −0.104% | $379K | — | 100x | as long as short |
| dYdX TAO-USD | +0.0374% | 1h | 319.02 | −0.194% | $128K | $86K | 5x | as long as short |
| BloFin TAO-USDT | +0.0404% | 4h | 319.10 | −0.169% | $4.8M | $10.9M | 100x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 319.96 | +0.100% | $101K | $340K | 5x | as long as short |
| Extended TAO-USD | +0.0424% | 1h | 319.45 | −0.058% | $968K | $2.3M | 25x | as long as short |
| Nado TAO-PERP | +0.0445% | 1h | 319.73 | +0.027% | $751K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 319.80 | +0.050% | $322K | $714K | 5x | as long as short |
| Variational Omni TAO | +0.0612% | 4h | 318.74 | −0.282% | $5.6M | $9.9M | — | as long as short |
| Hyperliquid TAO | +0.0630% | 1h | 319.91 | +0.084% | $95.0M | $109.7M | 5x | as long as short |
| Lighter TAO | +0.0648% | 1h | 319.65 | +0.003% | $1.6M | $6.7M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0664% | 1h | 320.05 | +0.128% | $3K | $4K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0678% | 1h | 319.56 | −0.024% | $9K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 319.04 | −0.188% | $367 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0739% | 1h | 319.65 | +0.003% | $317K | $1.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0779% | 1h | 319.56 | −0.026% | $6.1M | $21.0M | 50x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 319.63 | −0.002% | $437K | $714K | 5x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.0944% | 1h | 319.66 | +0.006% | $1.1M | $7.4M | 50x | |
| Injective TAO/USDC PERP | +0.3512% | 1h | 317.77 | −0.585% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Phemex TAOUSDT
Katana Perps TAO-USD
Aevo TAO-PERP
MEXC TAO_USDT
Binance TAOUSDT
edgeX TAOUSDC
BingX TAO-USDT
Paradex TAO-USD-PERP
Bullet TAO-USD
ApeX Omni TAOUSDT
Aster TAOUSDT
GRVT TAO_USDT_Perp
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
dYdX TAO-USD
BloFin TAO-USDT
Arcus TAO-USD
Extended TAO-USD
Nado TAO-PERP
Phoenix TAO
Variational Omni TAO
Hyperliquid TAO
Lighter TAO
01 Exchange TAOUSD
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Injective TAO/USDC PERP