TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0050%/8h= +5.5% APRnext payment +$0.25 per $10,000 · paid last 24h +0.001%

Price spread now: Orderly against SunX+0.113%7-day average +0.014% · you sell dearer than you buy

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

Long on SunX Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.113%, 7d avg +0.014%

Together, before fees−0.242%−$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Orderly is 0.099% dearer against SunX than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.014%. Mind the row above: over the last 7 days funding on this pair cost −0.124%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	318.50	0.0100	pay 0.0050% / 4h	40m 58s	$2K	$2.0M	20x
Short	Orderly PERP_TAO_USDC	318.86	0.0150	get 0.0075% / 4h	40m 58s	$53K	$293K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against SunX. 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 SunXbpFee OrderlybpOrdersPrice spread, now +0.113%Rate

Funding earned: $10.49
Price spread: +0.113% → +0.014%: $9.94
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: $6.42
Costs to cover: 0.140%
Break-even: 2.7 days

Slippage unknown: SunX: live order book, 5 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 SunX live order book, 5 min ago	500.05 bp	doesn't fit	doesn't fit	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	318.72	+0.069%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0050%	1h	318.66	+0.050%	$127K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.00	+0.157%	$44K	$709K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.10	−0.126%	$26.4M	$130.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.20	−0.094%	$14.5M	$51.2M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	318.22	−0.088%	$17.8M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.84	−0.207%	$35.8M	$58.0M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.82	+0.100%	$88K	$1.2M	5x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	318.50	long leg	$2K	$2.0M	20x
HTX TAO-USDT	+0.0100%	4h	318.49	−0.003%	$116K	$604K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0107%	8h	318.61	+0.035%	$3K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0108% / S +0.0133%	1h	318.66	+0.051%	$410K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.01	+0.161%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDCshort	+0.0150%	4h	318.86	+0.113%	$53K	$293K	10x
edgeX TAOUSDC	+0.0183%	4h	318.77	+0.086%	$42K	$318K	10x	as long as short
MEXC TAO_USDT	+0.0184%	4h	318.42	−0.025%	$100.3M	$151.3M	300x	as long as short
Binance TAOUSDT	+0.0184%	4h	318.33	−0.053%	$92.3M	$529.6M	75x	as long as short
Paradex TAO-USD-PERP	+0.0250%	8h	318.89	+0.122%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0290%	4h	318.39	−0.035%	$69.8M	$156.6M	50x	as long as short
BingX TAO-USDT	+0.0298%	4h	318.33	−0.053%	—	$37.0M	—	as long as short
ApeX Omni TAOUSDT	+0.0309%	1h	318.62	+0.038%	$46K	$260K	50x	as long as short
Pacifica TAO	+0.0313%	1h	318.95	+0.140%	$362K	$429K	10x	as long as short
Bulk TAO-USD	+0.0314%	1h	317.73	−0.242%	$169K	$333	10x	as long as short
GRVT TAO_USDT_Perp	+0.0334%	4h	318.97	+0.149%	$544K	$926K	10x	as long as short
Bullet TAO-USD	+0.0336%	1h	319.02	+0.165%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0342%	4h	318.23	−0.085%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0360%	1h	318.24	−0.083%	$908K	$2.4M	25x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0423%	1h	318.87	+0.116%	$15K	$2.0M	25x	as long as short
BloFin TAO-USDT	+0.0424%	4h	318.98	+0.151%	$4.7M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0473%	1h	319.02	+0.163%	$103K	$381K	5x	as long as short
Phemex TAOUSDT	+0.0500%	4h	318.74	+0.075%	$3.2M	$8.2M	50x	as long as short
Nado TAO-PERP	+0.0509%	1h	318.78	+0.087%	$790K	$2.0M	10x	as long as short
Variational Omni TAO	+0.0537%	4h	318.96	+0.145%	$5.6M	$10.2M	—	as long as short
Lighter TAO	+0.0560%	1h	319.15	+0.205%	$1.6M	$6.9M	5x	as long as short
Phoenix TAO	+0.0629%	1h	319.50	+0.314%	$318K	$703K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.86	+0.112%	$367	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0754%	1h	319.08	+0.182%	$294K	$906K	10x	as long as short
01 Exchange TAOUSD	+0.0768%	1h	319.15	+0.204%	$3K	$4K	5x	as long as short
Hyperliquid TAO	+0.0787%	1h	319.24	+0.232%	$94.4M	$110.2M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0831%	1h	318.95	+0.141%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	318.61	+0.034%	$450K	$670K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.51	+0.317%	$1.5M	$6.9M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.94	+1.394%	$23K	$2K	12x	as long as short