TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0022%/8h= +2.4% APRnext payment +$0.11 per $10,000 · paid last 24h +0.001%

Price spread now: Orderly against Gate+0.059%7-day average +0.045% · you sell dearer than you buy

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

Long on Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.059%, 7d avg +0.045%

Together, before fees−0.092%−$9 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.045%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.084%, 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	Gate TAO_USDT	320.20	0.0100	pay 0.0050% / 4h	1h 48m	$14.2M	$51.4M	50x
Short	Orderly PERP_TAO_USDC	320.39	0.0122	get 0.0061% / 4h	1h 48m	$53K	$293K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Gate. 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 GatebpFee OrderlybpOrdersPrice spread, now +0.059%Rate

Funding earned: $4.66
Price spread: +0.059% → +0.045%: $1.39
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$14.95
Costs to cover: 0.210%
Break-even: 29.5 days

Slippage unknown: Gate: 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 Gate live order book, 5 min ago	3.12 bp	18.1 bp −$18	41.6 bp −$416	55.3 bp −$5,525	90.6 bp −$45.3K
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	−0.2101%	1h	320.87	+0.209%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	320.82	+0.194%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	320.02	−0.055%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	320.58	+0.119%	$40K	$694K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.40	+0.062%	$26.6M	$129.1M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	320.20	long leg	$14.2M	$51.4M	50x
KuCoin TAOUSDTM	+0.0100%	4h	320.11	−0.028%	$17.5M	$31.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.29	+0.028%	$36.1M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.78	+0.181%	$45K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.32	+0.037%	$76K	$1.1M	5x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
SunX TAO-USDT	+0.0100%	4h	320.06	−0.044%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.91	−0.091%	$117K	$585K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	320.33	+0.041%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	320.66	+0.144%	$728	$985K	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	320.49	+0.091%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDCshort	+0.0122%	4h	320.39	+0.059%	$53K	$293K	10x
GMX TAO/USD [WBTC.b-USDC]	L +0.0122% / S +0.0155%	1h	320.03	−0.053%	$433K	—	100x	as long as short
MEXC TAO_USDT	+0.0146%	4h	320.53	+0.103%	$105.3M	$149.4M	300x	as long as short
edgeX TAOUSDC	+0.0148%	4h	320.94	+0.232%	$42K	$316K	10x	as long as short
Binance TAOUSDT	+0.0153%	4h	320.41	+0.067%	$92.8M	$525.7M	75x	as long as short
Paradex TAO-USD-PERP	+0.0267%	8h	320.81	+0.192%	$15K	$1K	10x	as long as short
Aster TAOUSDT	+0.0307%	4h	320.57	+0.117%	$1.3M	$10.9M	50x	as long as short
BingX TAO-USDT	+0.0366%	4h	320.46	+0.081%	—	$34.4M	—	as long as short
Bullet TAO-USD	+0.0371%	1h	320.45	+0.078%	$12K	$17K	20x	as long as short
Bybit TAOUSDT	+0.0385%	4h	320.50	+0.094%	$70.0M	$155.6M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0391%	1h	320.31	+0.033%	$14K	$1.9M	25x	as long as short
BloFin TAO-USDT	+0.0393%	4h	320.43	+0.072%	$4.7M	$11.1M	100x	as long as short
GRVT TAO_USDT_Perp	+0.0424%	4h	322.11	+0.596%	$548K	$948K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	320.40	+0.062%	$914K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	320.86	+0.207%	$365K	$423K	10x	as long as short
Variational Omni TAO	+0.0536%	4h	321.98	+0.555%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	321.70	+0.468%	$320K	$709K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0613%	1h	320.56	+0.112%	$318K	$899K	10x	as long as short
Nado TAO-PERP	+0.0617%	1h	321.21	+0.316%	$803K	$2.2M	10x	as long as short
Arcus TAO-USD	+0.0641%	1h	320.88	+0.212%	$103K	$394K	5x	as long as short
Hyperliquid TAO	+0.0663%	1h	320.68	+0.150%	$94.8M	$109.9M	5x	as long as short
01 Exchange TAOUSD	+0.0664%	1h	320.69	+0.153%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	320.45	+0.077%	$369	—	20x	as long as short
Lighter TAO	+0.0920%	1h	320.67	+0.148%	$1.5M	$6.6M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	322.95	+0.859%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	320.68	+0.148%	$462K	$665K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1152%	1h	320.47	+0.085%	$6.1M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	328.25	+2.514%	$24K	$2K	12x	as long as short