Funding you earn now, next payment 21:00 UTC−0.0484%/8h= −53.0% APRpaid last 24h −0.007%
Price spread now: Orderly against Extended−0.359%7-day average +0.048% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.174%−$17 on $10k
+Price spread, last 3 days (all we have)+0.523%+$52 · spread now −0.359%, 7d avg +0.048%
=Together, before fees+0.349%+ Points / potential airdropExtended: Active · farm board+$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Orderly is 0.407% cheaper against Extended than usual: you would sell low and buy high (−$41 if the spread goes back to its 7-day average of +0.048%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.174% in total (about -9.1% 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 | Extended TAO-USD | 314.41 | 0.0584 | pay 0.0073% / 1h | 31m 38s | $937K | $1.8M | 25x |
| Short | Orderly PERP_TAO_USDC | 313.28 | 0.0100 | get 0.0050% / 4h | 3h 31m | $60K | $277K | 10x |
Extended TAO-USD
Orderly PERP_TAO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Extended. 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
- −$101.64
- Price spread: −0.359% → +0.048%
- −$40.72
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$153.36
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 3 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 Extended live order book, 3 min ago | 2.71 bp | 5.5 bp −$6 | 8.8 bp −$88 | 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 | −1.0220% | 1h | 313.13 | −0.406% | $209K | $54K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 313.78 | −0.200% | $132K | $95K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 313.02 | −0.441% | $27K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.26 | −0.048% | $37K | $507K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 314.14 | −0.087% | $365K | $396K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.23 | −0.058% | $89.0M | $381.2M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 314.38 | −0.009% | $60.3M | $112.0M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.10 | −0.098% | $25.8M | $89.2M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 314.49 | +0.026% | $142K | $585K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.20 | −0.067% | $12.5M | $47.3M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Pacifica TAO
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Gate TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC TAO_USDT | +0.0100% | 4h | 314.26 | −0.048% | $106.4M | $115.3M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.02 | −0.124% | $20.2M | $24.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 314.09 | −0.102% | $35.3M | $42.1M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 314.35 | −0.019% | — | $29.9M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 313.60 | −0.258% | $3.5M | $6.2M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.87 | −0.172% | $41K | $275K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 314.87 | +0.148% | $561K | $947K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.08 | −0.105% | $48K | $267K | 50x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 313.15 | −0.400% | $12K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDCshort | +0.0100% | 4h | 313.28 | −0.359% | $60K | $277K | 10x | |
| SunX TAO-USDT | +0.0100% | 4h | 313.55 | −0.273% | $1K | $1.7M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.26 | −0.048% | $125K | $354K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 314.12 | −0.092% | $3.3M | $7.9M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 313.34 | −0.340% | $90K | $636K | 5x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 313.74 | −0.212% | $172K | $998 | 3x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0119% | 1h | 313.38 | −0.329% | $17K | $1.3M | 25x | as long as short |
| Katana Perps TAO-USD | +0.0120% | 8h | 314.33 | −0.025% | $898 | $378K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0195% | 8h | 314.32 | −0.029% | $15K | $992 | 10x | as long as short |
| Aster TAOUSDT | +0.0213% | 4h | 313.90 | −0.163% | $1.7M | $7.1M | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 314.14 | −0.086% | $4.3M | $9.4M | 100x | as long as short |
| Phoenix TAO | +0.0365% | 1h | 313.20 | −0.385% | $332K | $326K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0392% | 1h | 314.14 | −0.087% | $6.3M | $17.8M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0490% / S −0.0188% | 1h | 312.93 | −0.472% | $463K | — | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0576% | 1h | 314.81 | +0.127% | $403K | $555K | 10x | as long as short |
| Extended TAO-USDlong | +0.0584% | 1h | 314.41 | long leg | $937K | $1.8M | 25x | |
| 01 Exchange TAOUSD | +0.0624% | 1h | 314.82 | +0.131% | $3K | $4K | 5x | as long as short |
| Nado TAO-PERP | +0.0683% | 1h | 314.36 | −0.017% | $1.1M | $1.5M | 10x | as long as short |
| RISEx TAO/USDC | +0.0688% | 1h | 314.52 | +0.037% | $412K | $526K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 313.15 | −0.401% | $360 | — | 20x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0936% | 1h | 313.71 | −0.222% | $1.5M | $5.4M | 50x | as long as short |
| Lighter TAO | +0.2016% | 1h | 314.74 | +0.104% | $2.0M | $3.6M | 5x | as long as short |
| Hyperliquid TAO | +0.2505% | 1h | 314.94 | +0.169% | $95.8M | $66.9M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3384% | 1h | 316.14 | +0.550% | $23K | $137 | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Polymarket Perps TAO-USD
Aevo TAO-PERP
Deribit TAO_USDC-PERPETUAL
Katana Perps TAO-USD
Paradex TAO-USD-PERP
Aster TAOUSDT
BloFin TAO-USDT
Phoenix TAO
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
Backpack TAO_USDC_PERP
01 Exchange TAOUSD
Nado TAO-PERP
RISEx TAO/USDC
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
Lighter TAO
Hyperliquid TAO
Injective TAO/USDC PERP