Funding you earn now, next payment 07:00 UTC−0.0514%/8h= −56.3% APRpaid last 24h −0.019%
Price spread now: Orderly against Arcus−0.136%7-day average −0.066% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.027%−$3 on $10k
+Price spread, last 4 days (all we have)+0.147%+$15 · spread now −0.136%, 7d avg −0.066%
=Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Orderly is 0.070% cheaper against Arcus than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.066%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.027% in total (about -2.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Arcus TAO-USD | 323.02 | 0.0641 | pay 0.0080% / 1h | 20m 14s | $104K | $389K | 5x |
| Short | Orderly PERP_TAO_USDC | 322.58 | 0.0127 | get 0.0064% / 4h | 1h 20m | $54K | $293K | 10x |
Arcus TAO-USD
Orderly PERP_TAO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Arcus. 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
- −$108.03
- Price spread: −0.136% → −0.066%
- −$7.01
- Slippage, 4 orders
- no order book: not counted
- Fee Arcus: 2.25 bp × 2 orders
- −$4.5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$125.54
- Costs to cover
- 0.105%
- Break-even
- never at this rate
Slippage unknown: Arcus: live order book, 23 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 Arcus live order book, 23 min ago | 3.28 bp | 9.6 bp −$10 | 21.3 bp −$213 | 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 | −0.2264% | 1h | 322.24 | −0.241% | $171K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 322.48 | −0.167% | $129K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 322.52 | −0.153% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 322.80 | −0.068% | $44K | $706K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 322.20 | −0.254% | $27.0M | $130.7M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 322.50 | −0.161% | $14.5M | $52.2M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 322.68 | −0.105% | $18.1M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 322.28 | −0.229% | $36.2M | $58.1M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 322.85 | −0.053% | $45K | $259K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 322.64 | −0.118% | $86K | $1.2M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 322.30 | −0.223% | $1K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 322.25 | −0.238% | $117K | $598K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0108% | 8h | 322.66 | −0.111% | $1K | $1.0M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0116% / S +0.0151% | 1h | 322.29 | −0.226% | $431K | — | 100x | as long as short |
| Orderly PERP_TAO_USDCshort | +0.0127% | 4h | 322.58 | −0.136% | $54K | $293K | 10x | |
| Aevo TAO-PERP | +0.0136% | 1h | 322.67 | −0.108% | $177K | $998 | 3x | as long as short |
| edgeX TAOUSDC | +0.0198% | 4h | 322.77 | −0.077% | $43K | $317K | 10x | as long as short |
| MEXC TAO_USDT | +0.0206% | 4h | 322.64 | −0.118% | $107.9M | $151.0M | 300x | as long as short |
| Binance TAOUSDT | +0.0208% | 4h | 322.66 | −0.111% | $93.7M | $527.9M | 75x | as long as short |
| Paradex TAO-USD-PERP | +0.0284% | 8h | 322.57 | −0.141% | $15K | $1K | 10x | as long as short |
| Phemex TAOUSDT | +0.0290% | 4h | 322.65 | −0.115% | $3.3M | $8.1M | 50x | as long as short |
| Bybit TAOUSDT | +0.0331% | 4h | 322.56 | −0.142% | $70.9M | $156.0M | 50x | as long as short |
| BingX TAO-USDT | +0.0346% | 4h | 322.56 | −0.142% | — | $34.6M | — | as long as short |
| Aster TAOUSDT | +0.0373% | 4h | 322.76 | −0.081% | $1.3M | $10.9M | 50x | as long as short |
| Bullet TAO-USD | +0.0381% | 1h | 322.61 | −0.127% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0436% | 4h | 322.51 | −0.159% | $547K | $937K | 10x | as long as short |
| BloFin TAO-USDT | +0.0448% | 4h | 323.00 | −0.006% | $4.7M | $11.2M | 100x | as long as short |
| Extended TAO-USD | +0.0456% | 1h | 322.45 | −0.178% | $918K | $2.4M | 25x | as long as short |
| Nado TAO-PERP | +0.0513% | 1h | 322.53 | −0.152% | $801K | $2.0M | 10x | as long as short |
| Pacifica TAO | +0.0525% | 1h | 322.52 | −0.154% | $367K | $423K | 10x | as long as short |
| Variational Omni TAO | +0.0526% | 4h | 322.87 | −0.047% | $5.7M | $10.2M | — | as long as short |
| Phoenix TAO | +0.0567% | 1h | 321.30 | −0.532% | $320K | $709K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0597% | 1h | 322.52 | −0.154% | $26K | $1.9M | 25x | as long as short |
| Arcus TAO-USDlong | +0.0641% | 1h | 323.02 | long leg | $104K | $389K | 5x | |
| Hyperliquid TAO | +0.0664% | 1h | 322.97 | −0.015% | $95.5M | $110.0M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 322.98 | −0.012% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 322.56 | −0.143% | $371 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0742% | 1h | 322.47 | −0.170% | $300K | $905K | 10x | as long as short |
| Lighter TAO | +0.0768% | 1h | 322.76 | −0.081% | $1.6M | $6.8M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 323.40 | +0.118% | $1.5M | $6.9M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 322.52 | −0.155% | $461K | $667K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1144% | 1h | 322.73 | −0.091% | $6.0M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 323.44 | +0.130% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
edgeX TAOUSDC
MEXC TAO_USDT
Binance TAOUSDT
Paradex TAO-USD-PERP
Phemex TAOUSDT
Bybit TAOUSDT
BingX TAO-USDT
Aster TAOUSDT
Bullet TAO-USD
GRVT TAO_USDT_Perp
BloFin TAO-USDT
Extended TAO-USD
Nado TAO-PERP
Pacifica TAO
Variational Omni TAO
Phoenix TAO
Deribit TAO_USDC-PERPETUAL
Hyperliquid TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Lighter TAO
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP