TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0017%/8h= −1.9% APRnext payment −$0.09 per $10,000 · paid last 24h +0.001%

Price spread now: Orderly against Binance+0.085%7-day average +0.007% · you sell dearer than you buy

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

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)−0.071%−$7 · spread now +0.085%, 7d avg +0.007%

Together, before fees−0.127%−$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Orderly is 0.078% dearer against Binance than usual: you sell high and buy low (spread +0.085% now, against its 7-day average of +0.007%): +$8 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	316.41	0.0167	pay 0.0083% / 4h	35m 45s	$91.6M	$530.6M	75x
Short	Orderly PERP_TAO_USDC	316.68	0.0149	get 0.0075% / 4h	35m 45s	$52K	$294K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. 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 BinancebpFee OrderlybpOrdersPrice spread, now +0.085%Rate

Funding earned: −$3.66
Price spread: +0.085% → +0.007%: $7.8
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$11.86
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 8 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 Binance live order book, 8 min ago	0.16 bp	7.6 bp −$8	12.7 bp −$127	34.7 bp −$3,471	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	316.51	+0.033%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0039%	1h	316.06	−0.112%	$126K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.44	+0.009%	$44K	$711K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.40	−0.003%	$26.3M	$130.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.70	+0.092%	$14.4M	$51.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.44	+0.009%	$17.7M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.15	−0.082%	$35.6M	$58.0M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.44	+0.009%	$88K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.64	+0.073%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.90	−0.161%	$115K	$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	316.29	−0.038%	$4K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0107% / S +0.0136%	1h	316.52	+0.036%	$403K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	316.92	+0.160%	$174K	$998	3x	as long as short
Orderly PERP_TAO_USDCshort	+0.0149%	4h	316.68	+0.085%	$52K	$294K	10x
Binance TAOUSDTlong	+0.0167%	4h	316.41	long leg	$91.6M	$530.6M	75x
MEXC TAO_USDT	+0.0170%	4h	316.46	+0.016%	$99.8M	$151.5M	300x	as long as short
edgeX TAOUSDC	+0.0185%	4h	317.37	+0.302%	$42K	$319K	10x	as long as short
ApeX Omni TAOUSDT	+0.0187%	1h	318.97	+0.809%	$46K	$260K	50x	as long as short
Paradex TAO-USD-PERP	+0.0236%	8h	316.70	+0.092%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0263%	4h	316.44	+0.009%	$69.3M	$156.7M	50x	as long as short
Bullet TAO-USD	+0.0269%	1h	316.84	+0.136%	$12K	$17K	20x	as long as short
BingX TAO-USDT	+0.0280%	4h	316.36	−0.016%	—	$37.0M	—	as long as short
Pacifica TAO	+0.0313%	1h	316.66	+0.080%	$371K	$452K	10x	as long as short
Bulk TAO-USD	+0.0317%	1h	319.23	+0.891%	$170K	$0	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0318%	1h	316.74	+0.104%	$15K	$1.9M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0318%	4h	317.09	+0.216%	$541K	$918K	10x	as long as short
Extended TAO-USD	+0.0320%	1h	316.24	−0.054%	$903K	$2.4M	25x	as long as short
Aster TAOUSDT	+0.0326%	4h	316.56	+0.047%	$1.3M	$11.0M	50x	as long as short
BloFin TAO-USDT	+0.0415%	4h	316.72	+0.098%	$4.7M	$10.9M	100x	as long as short
Arcus TAO-USD	+0.0473%	1h	316.53	+0.038%	$102K	$381K	5x	as long as short
Nado TAO-PERP	+0.0500%	1h	316.30	−0.036%	$786K	$2.0M	10x	as long as short
Phemex TAOUSDT	+0.0509%	4h	316.69	+0.088%	$3.2M	$8.2M	50x	as long as short
Lighter TAO	+0.0528%	1h	316.63	+0.070%	$1.6M	$6.9M	5x	as long as short
Variational Omni TAO	+0.0534%	4h	316.88	+0.150%	$5.5M	$10.2M	—	as long as short
Phoenix TAO	+0.0629%	1h	319.50	+0.977%	$318K	$703K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0675%	1h	316.98	+0.180%	$292K	$906K	10x	as long as short
01 Exchange TAOUSD	+0.0688%	1h	316.46	+0.016%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	316.63	+0.070%	$364	—	20x	as long as short
Hyperliquid TAO	+0.0741%	1h	316.96	+0.174%	$93.7M	$110.1M	5x	as long as short
RISEx TAO/USDC	+0.0831%	1h	316.36	−0.017%	$443K	$670K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0836%	1h	316.90	+0.155%	$5.9M	$21.6M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	316.71	+0.095%	$1.4M	$6.9M	50x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.94	+2.064%	$23K	$2K	12x	as long as short