Funding you earn now, next payment 05:00 UTC+0.0015%/8h= +1.7% APRpaid last 24h −0.003%
Price spread now: Orderly against ApeX Omni+0.038%50s7-day average −0.006% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.119%−$12 on $10k
+Price spread, last 4 days (all we have)−0.046%−$5 · spread now +0.038%, 7d avg −0.006%
=Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Orderly is 0.044% dearer against ApeX Omni than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.006%. Mind the row above: over the last 7 days funding on this pair cost −0.119%, so the current rate has only just turned in your favour. 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 | ApeX Omni TAOUSDT | 312.33 | 0.0100 | pay 0.0013% / 1h | 17m 34s | $46K | $254K | 50x |
| Short | Orderly PERP_TAO_USDC | 312.45 | 0.0115 | get 0.0058% / 4h | 3h 17m | $52K | $290K | 10x |
ApeX Omni TAOUSDT
Orderly PERP_TAO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against ApeX Omni. 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
- $3.18
- Price spread: +0.038% → −0.006%
- $4.41
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$8.41
- Costs to cover
- 0.160%
- Break-even
- 25.5 days
Slippage unknown: ApeX Omni: live order book, 34 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 ApeX Omni live order book, 34 min ago | 5.43 bp | 13.1 bp −$13 | 115.2 bp −$1,152 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_TAOUSD | −0.0347% | 1h | 312.59 | +0.082% | $5.5M | $20.7M | 50x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 312.30 | −0.009% | $20K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0011% | 1h | 313.26 | +0.299% | $125K | $85K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 313.36 | +0.330% | $46K | $656K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0099% | 8h | 313.30 | +0.311% | $641 | $845K | 5x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 313.66 | +0.426% | $357K | $416K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 313.33 | +0.320% | $89.7M | $501.3M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 313.40 | +0.343% | $26.2M | $121.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 313.10 | +0.247% | $13.3M | $50.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 313.51 | +0.378% | $102.8M | $145.4M | 300x | as long as short |
Kraken Futures PF_TAOUSD
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Katana Perps TAO-USD
Pacifica TAO
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 313.55 | +0.391% | $17.8M | $31.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.15 | +0.263% | $35.1M | $56.5M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 311.63 | −0.225% | $41K | $314K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 311.55 | −0.250% | $529K | $956K | 10x | as long as short |
| ApeX Omni TAOUSDTlong | +0.0100% | 1h | 312.33 | long leg | $46K | $254K | 50x | |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 312.32 | −0.003% | $79K | $901K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 312.59 | +0.083% | $11K | $17K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 312.51 | +0.058% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 312.06 | −0.086% | $110K | $542K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 312.77 | +0.141% | $3.1M | $8.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0104% | 4h | 313.41 | +0.346% | — | $33.7M | — | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 312.72 | +0.126% | $172K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDCshort | +0.0115% | 4h | 312.45 | +0.038% | $52K | $290K | 10x | |
| Aster TAOUSDT | +0.0124% | 4h | 313.42 | +0.350% | $1.3M | $10.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0136% / S +0.0135% | 1h | 312.21 | −0.037% | $414K | — | 100x | as long as short |
| Paradex TAO-USD-PERP | +0.0158% | 8h | 313.60 | +0.408% | $14K | $1K | 10x | as long as short |
| Bybit TAOUSDT | +0.0161% | 4h | 313.42 | +0.349% | $67.6M | $150.5M | 50x | as long as short |
| Arcus TAO-USD | +0.0231% | 1h | 313.73 | +0.448% | $102K | $394K | 5x | as long as short |
| Variational Omni TAO | +0.0308% | 4h | 311.97 | −0.115% | $5.5M | $10.1M | — | as long as short |
| Extended TAO-USD | +0.0312% | 1h | 313.38 | +0.336% | $914K | $2.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0338% | 1h | 312.25 | −0.026% | $788K | $2.2M | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 312.69 | +0.115% | $4.5M | $10.8M | 100x | as long as short |
| Phoenix TAO | +0.0457% | 1h | 312.30 | −0.010% | $311K | $711K | 5x | as long as short |
| Hyperliquid TAO | +0.0473% | 1h | 313.88 | +0.496% | $92.2M | $107.8M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0488% | 1h | 313.74 | +0.451% | $3K | $4K | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0498% | 1h | 313.42 | +0.349% | $311K | $885K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0553% | 1h | 312.63 | +0.096% | $13K | $1.8M | 25x | as long as short |
| Lighter TAO | +0.0616% | 1h | 313.86 | +0.488% | $1.5M | $6.5M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 312.43 | +0.031% | $359 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0816% | 1h | 313.52 | +0.381% | $444K | $647K | 5x | as long as short |
| Bulk TAO-USD | +0.0817% | 1h | 310.92 | −0.451% | $165K | $333 | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0952% | 1h | 312.08 | −0.080% | $1.5M | $6.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4092% | 1h | 315.24 | +0.932% | $23K | $2K | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDC
GRVT TAO_USDT_Perp
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
BingX TAO-USDT
Aevo TAO-PERP
Aster TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Paradex TAO-USD-PERP
Bybit TAOUSDT
Arcus TAO-USD
Variational Omni TAO
Extended TAO-USD
Nado TAO-PERP
BloFin TAO-USDT
Phoenix TAO
Hyperliquid TAO
01 Exchange TAOUSD
Backpack TAO_USDC_PERP
Deribit TAO_USDC-PERPETUAL
Lighter TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Bulk TAO-USD
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP