TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0165%/8h= +18.1% APRnext payment +$0.83 per $10,000 · paid last 24h −0.001%

Price spread now: BingX against Orderly+0.122%7-day average −0.014% · you sell dearer than you buy

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

Long on Orderly Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.124%+$12 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.122%, 7d avg −0.014%

Together, before fees+0.027%+$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and BingX is 0.136% dearer against Orderly than usual: you sell high and buy low: +$14 more if the spread goes back to its 7-day average of −0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TAO_USDC	319.64	0.0129	pay 0.0064% / 4h	1h 10m	$53K	$293K	10x
Short	BingX TAO-USDT	320.03	0.0294	get 0.0147% / 4h	1h 10m	—	$35.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.122%Rate

Funding earned: $34.75
Price spread: +0.122% → −0.014%: $13.62
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: $32.36
Costs to cover: 0.160%
Break-even: 0.5 days

Slippage unknown: Orderly: no order-book sample; BingX: live order book, 13 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 BingX live order book, 13 min ago	1.24 bp	7.4 bp −$7	13.7 bp −$137	35.4 bp −$3,545	131.7 bp −$65.8K

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	−0.0237%	1h	320.94	+0.407%	$171K	$333	10x	as long as short
dYdX TAO-USD	0.0000%	1h	319.34	−0.095%	$127K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	320.10	+0.143%	$22K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.20	−0.138%	$44K	$705K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.20	+0.175%	$26.9M	$130.1M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.80	+0.050%	$14.4M	$52.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.95	+0.097%	$18.0M	$32.1M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	320.03	+0.122%	$36.0M	$58.1M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	320.33	+0.216%	$45K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	319.62	−0.006%	$85K	$1.2M	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	318.98	−0.206%	$1K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	319.20	−0.138%	$116K	$598K	20x	as long as short
Katana Perps TAO-USD	+0.0108%	8h	319.08	−0.175%	$2K	$1.1M	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0114% / S +0.0155%	1h	319.73	+0.027%	$421K	—	100x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.78	+0.044%	$176K	$998	3x	as long as short
Orderly PERP_TAO_USDClong	+0.0129%	4h	319.64	long leg	$53K	$293K	10x
Binance TAOUSDT	+0.0191%	4h	320.18	+0.169%	$92.9M	$528.0M	75x	as long as short
MEXC TAO_USDT	+0.0192%	4h	320.20	+0.175%	$107.3M	$151.3M	300x	as long as short
edgeX TAOUSDC	+0.0196%	4h	320.39	+0.236%	$42K	$317K	10x	as long as short
Paradex TAO-USD-PERP	+0.0256%	8h	319.28	−0.111%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0286%	4h	320.37	+0.228%	$70.4M	$156.0M	50x	as long as short
BingX TAO-USDTshort	+0.0294%	4h	320.03	+0.122%	—	$35.1M	—
Bullet TAO-USD	+0.0322%	1h	319.67	+0.010%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0359%	4h	320.07	+0.134%	$1.3M	$10.9M	50x	as long as short
Extended TAO-USD	+0.0376%	1h	320.12	+0.151%	$913K	$2.4M	25x	as long as short
GRVT TAO_USDT_Perp	+0.0386%	4h	320.29	+0.202%	$543K	$929K	10x	as long as short
BloFin TAO-USDT	+0.0431%	4h	319.50	−0.044%	$4.7M	$11.1M	100x	as long as short
Phemex TAOUSDT	+0.0446%	4h	319.96	+0.100%	$3.3M	$8.1M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0507%	1h	319.69	+0.014%	$15K	$2.0M	25x	as long as short
Variational Omni TAO	+0.0513%	4h	319.68	+0.011%	$5.7M	$10.2M	—	as long as short
Nado TAO-PERP	+0.0521%	1h	319.68	+0.012%	$795K	$2.0M	10x	as long as short
Pacifica TAO	+0.0525%	1h	319.44	−0.063%	$364K	$428K	10x	as long as short
Phoenix TAO	+0.0567%	1h	320.70	+0.332%	$319K	$709K	5x	as long as short
Hyperliquid TAO	+0.0619%	1h	320.45	+0.253%	$94.8M	$110.1M	5x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	319.24	−0.125%	$3K	$4K	5x	as long as short
Arcus TAO-USD	+0.0641%	1h	319.45	−0.059%	$103K	$389K	5x	as long as short
Lighter TAO	+0.0648%	1h	319.96	+0.101%	$1.6M	$6.8M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0690%	1h	320.03	+0.122%	$298K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	319.69	+0.015%	$368	—	20x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	321.77	+0.666%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.1077%	1h	319.61	−0.008%	$440K	$675K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.1154%	1h	319.73	+0.028%	$6.0M	$21.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4723%	1h	325.94	+1.971%	$24K	$2K	12x	as long as short