Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%
Price spread now: GRVT against Orderly+0.884%50s7-day average −0.016% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.089%+$9 on $10k
+Price spread, last 3 days (all we have)−0.928%−$93 · spread now +0.884%, 7d avg −0.016%
=Together, before fees−0.839%+ Points / potential airdropGRVT: Active · farm board−$84 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.900% dearer against Orderly than usual: you sell high and buy low, +$90 on $10k if it goes back to its 7-day average of −0.016%. The two prices were read 50 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 | 305.07 | 0.0100 | pay 0.0050% / 4h | 2h 27m | $58K | $276K | 10x |
| Short | GRVT TAO_USDT_Perp | 307.77 | 0.0100 | get 0.0050% / 4h | 2h 27m | $539K | $967K | 10x |
Orderly PERP_TAO_USDC
GRVT TAO_USDT_PerpFunding history
latest
Range statsloading…
Price spread between the two exchanges
GRVT 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
- $0
- Price spread: +0.884% → −0.016%
- $90.05
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Net
- $75.05
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; GRVT: live order book, 60 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 GRVT live order book, 60 min ago | 2.08 bp | 11.9 bp −$12 | 23.5 bp −$235 | 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 304.91 | −0.052% | $128K | $84K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | 0.0000% | 1h | 305.09 | +0.007% | $15K | $1.3M | 25x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 304.87 | −0.066% | $19K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 305.14 | +0.023% | $41K | $525K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 305.19 | +0.040% | $361K | $401K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 305.12 | +0.015% | $85.4M | $403.1M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 305.18 | +0.036% | $58.9M | $118.2M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 305.10 | +0.010% | $25.0M | $92.2M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 305.56 | +0.161% | $136K | $596K | 5x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 307.07 | +0.656% | $201K | $57K | 10x | as long as short |
dYdX TAO-USD
Deribit TAO_USDC-PERPETUAL
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Bulk TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate TAO_USDT | +0.0100% | 4h | 304.90 | −0.056% | $12.1M | $48.1M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 304.99 | −0.026% | $112.8M | $123.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 304.99 | −0.026% | $18.4M | $26.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 304.92 | −0.049% | $34.2M | $44.4M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 305.03 | −0.013% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 307.53 | +0.807% | $3.6M | $6.5M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 307.34 | +0.744% | $40K | $278K | 10x | as long as short |
| GRVT TAO_USDT_Perpshort | +0.0100% | 4h | 307.77 | +0.884% | $539K | $967K | 10x | |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 307.19 | +0.695% | $46K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 305.21 | +0.046% | $86K | $668K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 305.00 | −0.023% | $12K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDClong | +0.0100% | 4h | 305.07 | long leg | $58K | $276K | 10x | |
| SunX TAO-USDT | +0.0100% | 4h | 304.89 | −0.059% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 304.97 | −0.033% | $120K | $352K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 304.93 | −0.046% | $3.2M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 305.17 | +0.033% | $168K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0112% | 8h | 305.14 | +0.023% | $3K | $434K | 5x | as long as short |
| Aster TAOUSDT | +0.0151% | 4h | 304.99 | −0.027% | $1.1M | $7.5M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0162% | 8h | 305.08 | +0.004% | $14K | $1K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 304.77 | −0.098% | $435K | — | 100x | as long as short |
| Phoenix TAO | +0.0234% | 1h | 308.30 | +1.059% | $327K | $462K | 5x | as long as short |
| Nado TAO-PERP | +0.0311% | 1h | 305.03 | −0.012% | $833K | $1.9M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 306.14 | +0.351% | $4.2M | $9.4M | 100x | as long as short |
| 01 Exchange TAOUSD | +0.0520% | 1h | 305.41 | +0.111% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 305.11 | +0.013% | $351 | — | 20x | as long as short |
| Extended TAO-USD | +0.0696% | 1h | 305.02 | −0.017% | $897K | $2.0M | 25x | as long as short |
| Lighter TAO | +0.0912% | 1h | 305.45 | +0.126% | $1.6M | $4.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0960% | 1h | 306.30 | +0.403% | $1.5M | $5.3M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1032% | 1h | 305.33 | +0.084% | $6.3M | $19.5M | 50x | as long as short |
| RISEx TAO/USDC | +0.1053% | 1h | 305.26 | +0.064% | $408K | $535K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.1222% | 1h | 305.26 | +0.062% | $441K | $715K | 10x | as long as short |
| Hyperliquid TAO | +0.1706% | 1h | 305.70 | +0.207% | $93.2M | $76.0M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4876% | 1h | 305.96 | +0.292% | $22K | $171 | 12x | as long as short |
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
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
Aster TAOUSDT
Paradex TAO-USD-PERP
GMX TAO/USD [WBTC.b-USDC]
Phoenix TAO
Nado TAO-PERP
BloFin TAO-USDT
01 Exchange TAOUSD
Reya TAORUSDPERP
Extended TAO-USD
Lighter TAO
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Backpack TAO_USDC_PERP
Hyperliquid TAO
Injective TAO/USDC PERP