Funding you earn now, next payment 09:00 UTC+0.0142%/8h= +15.6% APRpaid last 24h +0.003%
Price spread now: Orderly against Polymarket Perps−0.059%53s7-day average +0.022% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.034%+$3 on $10k
+Price spread, last 4 days (all we have)+0.199%+$20 · spread now −0.059%, 7d avg +0.022%
=Funding pays, the price is against you. Orderly is 0.081% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.059% now, against its 7-day average of +0.022%). If the spread goes back, that is −$8 on $10k: about 46 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.034% in total) that is about 17 days. The two prices were read 53 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 | Polymarket Perps TAO-USD | 320.88 | 0.0100 | pay 0.0013% / 1h | 9m 23s | $88K | $1.1M | 5x |
| Short | Orderly PERP_TAO_USDC | 320.69 | 0.0242 | get 0.0121% / 4h | 3h 09m | $55K | $272K | 10x |
Polymarket Perps TAO-USD
Orderly PERP_TAO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Polymarket Perps. 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
- $29.83
- Price spread: −0.059% → +0.022%
- −$8.12
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- $7.72
- Costs to cover
- 0.140%
- Break-even
- 5.2 days
Slippage unknown: Polymarket Perps: live order book, 4 min ago; Orderly: no order-book sample. 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 Polymarket Perps live order book, 4 min ago | 6.27 bp | 18.3 bp −$18 | 41.6 bp −$416 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
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 | −2.163% | $167K | $0 | 10x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0003% | 1h | 319.46 | −0.443% | $20K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 321.13 | +0.078% | $49K | $697K | 20x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 321.17 | +0.090% | $70.7M | $154.3M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 320.90 | +0.006% | $26.7M | $129.8M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 321.20 | +0.100% | $15.3M | $50.6M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 320.87 | −0.003% | $17.5M | $32.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 320.85 | −0.009% | $36.1M | $56.7M | 50x | as long as short |
| Polymarket Perps TAO-USDlong | +0.0100% | 1h | 320.88 | long leg | $88K | $1.1M | 5x | |
| SunX TAO-USDT | +0.0100% | 4h | 320.39 | −0.153% | $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
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 | 320.68 | −0.062% | $116K | $547K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 320.71 | −0.053% | $3.2M | $8.1M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0117% | 8h | 320.98 | +0.031% | $3K | $1.2M | 5x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 320.85 | −0.010% | $176K | $998 | 3x | as long as short |
| MEXC TAO_USDT | +0.0160% | 4h | 321.00 | +0.037% | $102.7M | $155.0M | 300x | as long as short |
| Binance TAOUSDT | +0.0162% | 4h | 321.10 | +0.069% | $93.5M | $517.2M | 75x | as long as short |
| edgeX TAOUSDC | +0.0164% | 4h | 319.68 | −0.375% | $42K | $321K | 10x | as long as short |
| BingX TAO-USDT | +0.0166% | 4h | 321.04 | +0.050% | — | $38.9M | — | as long as short |
| Paradex TAO-USD-PERP | +0.0232% | 8h | 321.61 | +0.226% | $15K | $876 | 10x | as long as short |
| Orderly PERP_TAO_USDCshort | +0.0242% | 4h | 320.69 | −0.059% | $55K | $272K | 10x | |
| Bullet TAO-USD | +0.0286% | 1h | 321.15 | +0.084% | $13K | $17K | 20x | as long as short |
| ApeX Omni TAOUSDT | +0.0292% | 1h | 319.06 | −0.567% | $45K | $256K | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0312% | 4h | 319.87 | −0.313% | $542K | $838K | 10x | as long as short |
| Aster TAOUSDT | +0.0329% | 4h | 321.16 | +0.086% | $1.3M | $11.1M | 50x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 321.35 | +0.148% | $374K | $439K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0367% / S −0.0109% | 1h | 320.44 | −0.137% | $380K | — | 100x | as long as short |
| Extended TAO-USD | +0.0392% | 1h | 321.32 | +0.136% | $973K | $2.3M | 25x | as long as short |
| BloFin TAO-USDT | +0.0403% | 4h | 319.69 | −0.371% | $4.8M | $10.9M | 100x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 321.63 | +0.234% | $101K | $340K | 5x | as long as short |
| Nado TAO-PERP | +0.0425% | 1h | 321.04 | +0.049% | $757K | $2.0M | 10x | as long as short |
| dYdX TAO-USD | +0.0448% | 1h | 321.34 | +0.142% | $129K | $87K | 5x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 321.30 | +0.131% | $323K | $714K | 5x | as long as short |
| Variational Omni TAO | +0.0591% | 4h | 319.75 | −0.351% | $5.6M | $9.8M | — | as long as short |
| Lighter TAO | +0.0616% | 1h | 321.50 | +0.193% | $1.6M | $6.8M | 5x | as long as short |
| Hyperliquid TAO | +0.0644% | 1h | 321.31 | +0.134% | $95.5M | $108.6M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0656% | 1h | 321.46 | +0.181% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0699% | 1h | 321.07 | +0.060% | $369 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0733% | 1h | 321.05 | +0.053% | $318K | $1.0M | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0775% | 1h | 321.23 | +0.108% | $6.2M | $20.9M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0777% | 1h | 320.90 | +0.007% | $20K | $1.9M | 25x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 320.65 | −0.070% | $438K | $714K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 321.68 | +0.249% | $1.1M | $7.5M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 322.62 | +0.542% | $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
GRVT TAO_USDT_Perp
Aster TAOUSDT
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Extended TAO-USD
BloFin TAO-USDT
Arcus TAO-USD
Nado TAO-PERP
dYdX TAO-USD
Phoenix TAO
Variational Omni TAO
Lighter TAO
Hyperliquid TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Kraken Futures PF_TAOUSD
Deribit TAO_USDC-PERPETUAL
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP