TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0187%/8h= +20.5% APRnext payment +$0.93 per $10,000 · paid last 24h +0.032%

Price spread now: Aster against Orderly+0.039%7-day average +0.029% · you sell dearer than you buy

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

Long on Orderly Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)+0.208%+$21 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.039%, 7d avg +0.029%

Together, before fees+0.123%+ Points / potential airdropAster: Stage 5 · farm board+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.029%, so right now this pair is about funding alone: +$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TAO_USDC	321.62	0.0120	pay 0.0060% / 4h	1h 50m	$53K	$292K	10x
Short	Aster TAOUSDT	321.75	0.0307	get 0.0154% / 4h	1h 50m	$1.3M	$10.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Orderly. 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 OrderlybpFee AsterbpOrdersPrice spread, now +0.039%Rate

Funding earned: $39.27
Price spread: +0.039% → +0.029%: $1.01
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $26.28
Costs to cover: 0.140%
Break-even: 2.3 days

Slippage unknown: Orderly: no order-book sample; Aster: live order book, 3 min ago. 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 Orderly no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	2.03 bp	8.7 bp −$9	17.2 bp −$172	118.7 bp −$11.9K	doesn't fit

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	−0.233%	$170K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	321.85	+0.071%	$128K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	321.22	−0.125%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	322.16	+0.168%	$40K	$695K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	321.90	+0.087%	$26.7M	$129.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	321.70	+0.025%	$14.2M	$51.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	321.95	+0.103%	$17.6M	$31.9M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	321.68	+0.019%	$36.2M	$58.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.78	−0.261%	$45K	$258K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	321.36	−0.081%	$77K	$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	321.25	−0.115%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	320.70	−0.286%	$117K	$584K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	321.73	+0.034%	$3.3M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0109%	8h	321.99	+0.115%	$731	$985K	5x	as long as short
Aevo TAO-PERP	+0.0120%	1h	321.42	−0.061%	$177K	$998	3x	as long as short
Orderly PERP_TAO_USDClong	+0.0120%	4h	321.62	long leg	$53K	$292K	10x
GMX TAO/USD [WBTC.b-USDC]	L +0.0123% / S +0.0155%	1h	321.17	−0.141%	$434K	—	100x	as long as short
MEXC TAO_USDT	+0.0146%	4h	322.10	+0.149%	$105.7M	$149.3M	300x	as long as short
edgeX TAOUSDC	+0.0148%	4h	320.94	−0.211%	$42K	$316K	10x	as long as short
Binance TAOUSDT	+0.0148%	4h	322.20	+0.180%	$94.0M	$524.9M	75x	as long as short
Paradex TAO-USD-PERP	+0.0267%	8h	322.02	+0.126%	$15K	$1K	10x	as long as short
Aster TAOUSDTshort	+0.0307%	4h	321.75	+0.039%	$1.3M	$10.9M	50x
BingX TAO-USDT	+0.0366%	4h	321.93	+0.096%	—	$34.3M	—	as long as short
Bullet TAO-USD	+0.0367%	1h	321.59	−0.010%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0388%	4h	321.61	−0.003%	$4.7M	$11.1M	100x	as long as short
Bybit TAOUSDT	+0.0389%	4h	322.07	+0.140%	$70.3M	$155.7M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0420%	4h	320.79	−0.258%	$546K	$948K	10x	as long as short
Extended TAO-USD	+0.0488%	1h	321.86	+0.073%	$914K	$2.4M	25x	as long as short
Pacifica TAO	+0.0525%	1h	322.16	+0.168%	$367K	$422K	10x	as long as short
Variational Omni TAO	+0.0536%	4h	321.98	+0.111%	$5.6M	$10.2M	—	as long as short
Phoenix TAO	+0.0567%	1h	321.70	+0.025%	$320K	$709K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0611%	1h	322.27	+0.202%	$320K	$899K	10x	as long as short
Nado TAO-PERP	+0.0617%	1h	321.21	−0.127%	$803K	$2.2M	10x	as long as short
Arcus TAO-USD	+0.0641%	1h	322.22	+0.187%	$104K	$394K	5x	as long as short
Hyperliquid TAO	+0.0654%	1h	322.29	+0.208%	$95.3M	$109.9M	5x	as long as short
01 Exchange TAOUSD	+0.0656%	1h	322.49	+0.271%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0688%	1h	321.64	+0.006%	$14K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	321.48	−0.043%	$370	—	20x	as long as short
Lighter TAO	+0.0880%	1h	322.38	+0.235%	$1.5M	$6.6M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.95	+0.103%	$1.5M	$6.9M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	322.09	+0.147%	$464K	$665K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1146%	1h	322.04	+0.130%	$6.1M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	328.25	+2.061%	$24K	$2K	12x	as long as short