TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0024%/8h= −2.7% APRnext payment −$0.12 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Orderly+0.013%7-day average −0.012% · you sell dearer than you buy

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

Long on Orderly Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.013%, 7d avg −0.012%

Together, before fees+0.002%$0 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.025% dearer against Orderly than usual: you sell high and buy low (spread +0.013% now, against its 7-day average of −0.012%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 3.4 days. Mind the row above: over the last 7 days funding on this pair paid +0.061%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TAO_USDC	314.98	0.0124	pay 0.0062% / 4h	42m 43s	$57K	$275K	10x
Short	MEXC TAO_USDT	315.02	0.0100	get 0.0050% / 4h	42m 43s	$105.6M	$142.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.013%Rate

Funding earned: −$5.09
Price spread: +0.013% → −0.012%: $2.49
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$8.6
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 1 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 MEXC live order book, 1 min ago	1.42 bp	4.4 bp −$4	16.2 bp −$162	30.9 bp −$3,094	94.7 bp −$47.4K

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	−0.0482%	1h	315.13	+0.048%	$167K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	314.76	−0.070%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.94	−0.013%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.98	+0.001%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.27	+0.092%	$42K	$685K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.99	+0.004%	$90.8M	$489.9M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.00	+0.006%	$25.9M	$119.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.80	−0.057%	$12.9M	$49.5M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	315.02	+0.013%	$105.6M	$142.5M	300x
KuCoin TAOUSDTM	+0.0100%	4h	314.80	−0.057%	$17.5M	$31.6M	75x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget TAOUSDT	+0.0100%	4h	314.84	−0.044%	$35.2M	$55.8M	50x	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.77	+0.251%	$35K	$304K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.07	+0.346%	$46K	$252K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.05	+0.022%	$89K	$790K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.18	+0.063%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.60	+0.197%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.93	−0.016%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.04	+0.019%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0101%	8h	314.98	0.000%	$645	$785K	5x	as long as short
Aevo TAO-PERP	+0.0104%	1h	314.99	+0.003%	$173K	$998	3x	as long as short
GRVT TAO_USDT_Perp	+0.0106%	4h	316.10	+0.357%	$526K	$944K	10x	as long as short
Orderly PERP_TAO_USDClong	+0.0124%	4h	314.98	long leg	$57K	$275K	10x
Bybit TAOUSDT	+0.0134%	4h	315.16	+0.057%	$68.6M	$146.5M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0152% / S +0.0117%	1h	314.92	−0.018%	$427K	—	100x	as long as short
BingX TAO-USDT	+0.0176%	4h	314.97	−0.003%	—	$30.1M	—	as long as short
Paradex TAO-USD-PERP	+0.0191%	8h	315.71	+0.231%	$14K	$1K	10x	as long as short
Nado TAO-PERP	+0.0200%	1h	315.35	+0.117%	$806K	$2.2M	10x	as long as short
Aster TAOUSDT	+0.0220%	4h	315.11	+0.041%	$1.2M	$10.1M	50x	as long as short
01 Exchange TAOUSD	+0.0232%	1h	315.24	+0.083%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0263%	1h	315.18	+0.063%	$93.8M	$105.2M	5x	as long as short
Extended TAO-USD	+0.0312%	1h	314.86	−0.039%	$922K	$2.4M	25x	as long as short
Backpack TAO_USDC_PERP	+0.0313%	1h	315.06	+0.025%	$316K	$910K	10x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.07	+0.029%	$4.5M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.85	+0.276%	$100K	$488K	5x	as long as short
Pacifica TAO	+0.0365%	1h	315.91	+0.295%	$362K	$409K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0400%	1h	315.03	+0.017%	$11K	$1.6M	25x	as long as short
Lighter TAO	+0.0408%	1h	315.22	+0.077%	$1.5M	$6.5M	5x	as long as short
Phoenix TAO	+0.0581%	1h	316.10	+0.356%	$315K	$697K	5x	as long as short
Variational Omni TAO	+0.0641%	4h	315.94	+0.304%	$5.8M	$9.8M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.12	+0.045%	$362	—	20x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.33	+0.112%	$437K	$659K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.38	+0.444%	$1.5M	$6.6M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	319.61	+1.470%	$23K	$2K	12x	as long as short