Funding you earn now, next payment 01:00 UTC+0.0924%/8h= +101.2% APRpaid last 24h +0.230%
Price spread now: Coinbase International against Orderly−0.719%54s7-day average +0.175% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.656%+$66 on $10k
+Price spread, last 3 days (all we have)+0.847%+$85 · spread now −0.719%, 7d avg +0.175%
=Funding pays, the price is against you. Coinbase International is 0.894% cheaper against Orderly than usual: you would sell low and buy high (spread −0.719% now, against its 7-day average of +0.175%). If the spread goes back, that is −$89 on $10k: about 3.2 days of funding at the current rate (+$28 a day). At the pace of the last 7 days (+0.656% in total) that is about 9.5 days. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_TAO_USDC | 317.24 | 0.0100 | pay 0.0050% / 4h | 2h 16m | $58K | $282K | 10x |
| Short | Coinbase International TAO-PERP-INTX | 314.96 | 0.1024 | get 0.0128% / 1h | 16m 21s | $1.5M | $6.5M | 50x |
Orderly PERP_TAO_USDC
Coinbase International TAO-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Orderly. 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
- $194.04
- Price spread: −0.719% → +0.175%
- −$89.4
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $88.64
- Costs to cover
- 0.160%
- Break-even
- 3.8 days
Slippage unknown: Orderly: no order-book sample; Coinbase International: 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 Coinbase International live order book, 3 min ago | 9.33 bp | 14.3 bp −$14 | 17.8 bp −$178 | doesn't fit | 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 42 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX TAO-USD | 0.0000% | 1h | 315.80 | −0.454% | $126K | $84K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 316.89 | −0.110% | $10K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.72 | −0.164% | $41K | $637K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 317.24 | 0.000% | $91.4M | $468.1M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.30 | +0.019% | $26.3M | $113.9M | 50x | as long as short |
| Bulk TAO-USD | +0.0100% | 1h | 315.28 | −0.618% | $167K | $40K | 10x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.00 | −0.076% | $12.9M | $50.6M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 317.18 | −0.019% | $112.3M | $139.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.20 | −0.013% | $18.1M | $30.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.81 | −0.136% | $35.3M | $53.9M | 50x | as long as short |
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Bulk TAO-USD
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 314.93 | −0.728% | $35K | $300K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.80 | −0.769% | $47K | $253K | 50x | as long as short |
| Orderly PERP_TAO_USDClong | +0.0100% | 4h | 317.24 | long leg | $58K | $282K | 10x | |
| SunX TAO-USDT | +0.0100% | 4h | 314.38 | −0.902% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 315.22 | −0.637% | $129K | $473K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 314.47 | −0.873% | $3.4M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 314.87 | −0.745% | $173K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0117% | 8h | 316.63 | −0.192% | $673 | $714K | 5x | as long as short |
| Polymarket Perps TAO-USD | +0.0123% | 1h | 316.95 | −0.091% | $80K | $682K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0168% | 1h | 314.39 | −0.897% | $5.6M | $20.5M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0168% / S +0.0099% | 1h | 314.14 | −0.978% | $430K | — | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0176% | 4h | 315.62 | −0.511% | $520K | $954K | 10x | as long as short |
| Aster TAOUSDT | +0.0255% | 4h | 316.05 | −0.375% | $1.3M | $9.4M | 50x | as long as short |
| Bullet TAO-USD | +0.0255% | 1h | 317.37 | +0.042% | $12K | $17K | 20x | as long as short |
| Pacifica TAO | +0.0285% | 1h | 316.10 | −0.359% | $371K | $384K | 10x | as long as short |
| Arcus TAO-USD | +0.0337% | 1h | 316.84 | −0.126% | $100K | $529K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0339% | 1h | 314.23 | −0.948% | $22K | $1.5M | 25x | as long as short |
| Paradex TAO-USD-PERP | +0.0367% | 8h | 316.01 | −0.389% | $14K | $1K | 10x | as long as short |
| Injective TAO/USDC PERP | +0.0470% | 1h | 318.67 | +0.451% | $23K | $2K | 12x | as long as short |
| Nado TAO-PERP | +0.0518% | 1h | 317.05 | −0.059% | $791K | $2.1M | 10x | as long as short |
| Phoenix TAO | +0.0588% | 1h | 316.00 | −0.391% | $330K | $681K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0672% | 1h | 316.89 | −0.110% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 317.13 | −0.036% | $365 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0800% | 4h | 317.25 | +0.003% | — | $30.9M | — | as long as short |
| Bybit TAOUSDT | +0.0830% | 4h | 317.38 | +0.044% | $66.7M | $138.1M | 50x | as long as short |
| Variational Omni TAO | +0.0845% | 4h | 315.73 | −0.477% | $5.5M | $8.9M | — | as long as short |
| Extended TAO-USD | +0.0928% | 1h | 316.24 | −0.315% | $903K | $2.3M | 25x | as long as short |
| Backpack TAO_USDC_PERP | +0.0930% | 1h | 314.68 | −0.807% | $318K | $810K | 10x | as long as short |
| Coinbase International TAO-PERP-INTXshort | +0.1024% | 1h | 314.96 | −0.719% | $1.5M | $6.5M | 50x | |
| RISEx TAO/USDC | +0.1132% | 1h | 316.62 | −0.194% | $452K | $631K | 5x | as long as short |
| Hyperliquid TAO | +0.1355% | 1h | 317.47 | +0.073% | $100.9M | $95.2M | 5x | as long as short |
| Lighter TAO | +0.1432% | 1h | 316.43 | −0.254% | $1.7M | $6.1M | 5x | as long as short |
edgeX TAOUSDC
ApeX Omni TAOUSDT
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Polymarket Perps TAO-USD
Kraken Futures PF_TAOUSD
GMX TAO/USD [WBTC.b-USDC]
GRVT TAO_USDT_Perp
Aster TAOUSDT
Bullet TAO-USD
Pacifica TAO
Arcus TAO-USD
Deribit TAO_USDC-PERPETUAL
Paradex TAO-USD-PERP
Injective TAO/USDC PERP
Nado TAO-PERP
Phoenix TAO
01 Exchange TAOUSD
Reya TAORUSDPERP
BingX TAO-USDT
Bybit TAOUSDT
Variational Omni TAO
Extended TAO-USD
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Hyperliquid TAO
Lighter TAO