TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0075%/8h= −8.2% APRnext payment −$0.37 per $10,000 · paid last 24h −0.001%

Price spread now: edgeX against Orderly−0.047%71s7-day average −0.033% · you buy dearer than you sell

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

Long on Orderly Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now −0.047%, 7d avg −0.033%

Together, before fees+0.003%+ Points / potential airdropedgeX: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.033%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.050%, so the current rate has only just turned against you. The two prices were read 71 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	321.12	0.0241	pay 0.0120% / 4h	3h 03m	$55K	$272K	10x
Short	edgeX TAOUSDC	320.97	0.0166	get 0.0083% / 4h	3h 03m	$42K	$322K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now −0.047%Rate

Funding earned: −$15.71
Price spread: −0.047% → −0.033%: −$1.34
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$32.05
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; edgeX: live order book, 29 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 edgeX live order book, 29 min ago	4.76 bp	9.3 bp −$9	22.9 bp −$229	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	−0.0241%	1h	318.85	−0.708%	$169K	$0	10x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	321.07	−0.016%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	321.75	+0.196%	$51K	$700K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	323.06	+0.604%	$71.1M	$154.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	323.20	+0.648%	$27.1M	$131.0M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	323.00	+0.585%	$15.4M	$50.9M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	323.31	+0.682%	$17.6M	$32.2M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	322.85	+0.539%	$36.4M	$56.6M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	321.57	+0.140%	$89K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	321.01	−0.034%	$2K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	321.57	+0.140%	$117K	$547K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	320.90	−0.069%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0113%	8h	322.55	+0.445%	$660	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	321.05	−0.020%	$176K	$998	3x	as long as short
MEXC TAO_USDT	+0.0156%	4h	322.96	+0.573%	$105.3M	$156.1M	300x	as long as short
Binance TAOUSDT	+0.0156%	4h	323.19	+0.645%	$94.6M	$518.4M	75x	as long as short
BingX TAO-USDT	+0.0162%	4h	323.09	+0.613%	—	$38.9M	—	as long as short
edgeX TAOUSDCshort	+0.0166%	4h	320.97	−0.047%	$42K	$322K	10x
Paradex TAO-USD-PERP	+0.0219%	8h	323.81	+0.837%	$15K	$876	10x	as long as short
Orderly PERP_TAO_USDClong	+0.0241%	4h	321.12	long leg	$55K	$272K	10x
Bullet TAO-USD	+0.0273%	1h	321.53	+0.127%	$13K	$17K	20x	as long as short
ApeX Omni TAOUSDT	+0.0281%	1h	321.06	−0.019%	$45K	$256K	50x	as long as short
GRVT TAO_USDT_Perp	+0.0294%	4h	320.78	−0.106%	$547K	$825K	10x	as long as short
Extended TAO-USD	+0.0304%	1h	322.87	+0.545%	$977K	$2.2M	25x	as long as short
Aster TAOUSDT	+0.0322%	4h	323.27	+0.669%	$1.3M	$11.1M	50x	as long as short
Pacifica TAO	+0.0349%	1h	323.46	+0.729%	$376K	$439K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0368% / S −0.0109%	1h	321.09	−0.009%	$381K	—	100x	as long as short
BloFin TAO-USDT	+0.0399%	4h	321.75	+0.196%	$4.8M	$11.0M	100x	as long as short
Arcus TAO-USD	+0.0404%	1h	323.16	+0.635%	$102K	$331K	5x	as long as short
Nado TAO-PERP	+0.0412%	1h	321.47	+0.109%	$757K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0441%	1h	321.18	+0.018%	$20K	$1.9M	25x	as long as short
dYdX TAO-USD	+0.0524%	1h	323.45	+0.724%	$130K	$87K	5x	as long as short
Variational Omni TAO	+0.0551%	4h	321.24	+0.038%	$5.7M	$9.8M	—	as long as short
Lighter TAO	+0.0568%	1h	323.61	+0.777%	$1.6M	$6.8M	5x	as long as short
Phoenix TAO	+0.0578%	1h	321.70	+0.181%	$324K	$714K	5x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	322.02	+0.280%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0663%	1h	323.69	+0.800%	$97.2M	$109.3M	5x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	321.30	+0.057%	$369	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0704%	1h	321.67	+0.171%	$319K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0775%	1h	321.35	+0.072%	$6.3M	$21.0M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	322.86	+0.541%	$440K	$711K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	322.23	+0.346%	$1.1M	$7.5M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	322.62	+0.467%	$23K	$2K	12x	as long as short