Funding you earn now, next payment 21:00 UTC+0.0484%/8h= +53.0% APRpaid last 24h +0.007%
Price spread now: Extended against Orderly+0.114%7-day average −0.048% · you sell dearer than you buy
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)−0.278%−$28 · spread now +0.114%, 7d avg −0.048%
=Together, before fees−0.104%+ Points / potential airdropExtended: Active · farm board−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Extended is 0.162% dearer against Orderly than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.048%.
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 | Orderly PERP_TAO_USDC | 314.05 | 0.0100 | pay 0.0050% / 4h | 3h 31m | $61K | $277K | 10x |
| Short | Extended TAO-USD | 314.41 | 0.0584 | get 0.0073% / 1h | 31m 22s | $937K | $1.8M | 25x |
Orderly PERP_TAO_USDC
Extended TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $101.64
- Price spread: +0.114% → −0.048%
- $16.24
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $106.88
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Extended: 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 Extended live order book, 3 min ago | 2.71 bp | 7.2 bp −$7 | 9.5 bp −$95 | 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 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 | −0.292% | $209K | $54K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 313.78 | −0.086% | $132K | $95K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 313.93 | −0.037% | $28K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 314.26 | +0.067% | $37K | $507K | 20x | as long as short |
| Pacifica TAO | +0.0100% | 1h | 314.14 | +0.027% | $365K | $396K | 10x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 314.06 | +0.004% | $89.0M | $381.2M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 314.26 | +0.067% | $60.3M | $112.0M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 314.00 | −0.016% | $25.8M | $89.2M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 314.49 | +0.140% | $142K | $585K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 314.00 | −0.016% | $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 | 314.13 | +0.025% | $106.4M | $115.3M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 314.29 | +0.076% | $20.2M | $25.0M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 313.98 | −0.022% | $35.3M | $42.1M | 50x | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 313.60 | −0.143% | $3.5M | $6.2M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 313.87 | −0.058% | $41K | $275K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 314.87 | +0.262% | $561K | $947K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.08 | +0.010% | $48K | $267K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 314.47 | +0.134% | $90K | $638K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 314.10 | +0.016% | $12K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDClong | +0.0100% | 4h | 314.05 | long leg | $61K | $277K | 10x | |
| SunX TAO-USDT | +0.0100% | 4h | 313.55 | −0.159% | $1K | $1.7M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 314.26 | +0.067% | $125K | $354K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 314.12 | +0.022% | $3.3M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 314.72 | +0.213% | $173K | $998 | 3x | as long as short |
| BingX TAO-USDT | +0.0110% | 4h | 313.96 | −0.029% | — | $29.9M | — | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0119% | 1h | 313.38 | −0.215% | $17K | $1.3M | 25x | as long as short |
| Katana Perps TAO-USD | +0.0120% | 8h | 314.33 | +0.089% | $898 | $378K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0195% | 8h | 314.32 | +0.085% | $15K | $992 | 10x | as long as short |
| Aster TAOUSDT | +0.0213% | 4h | 314.30 | +0.080% | $1.7M | $7.1M | 50x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 314.14 | +0.029% | $4.3M | $9.4M | 100x | as long as short |
| Phoenix TAO | +0.0365% | 1h | 314.80 | +0.239% | $334K | $326K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0392% | 1h | 314.14 | +0.027% | $6.3M | $17.8M | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0491% / S −0.0188% | 1h | 313.90 | −0.047% | $465K | — | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0576% | 1h | 314.81 | +0.242% | $403K | $555K | 10x | as long as short |
| Extended TAO-USDshort | +0.0584% | 1h | 314.41 | +0.114% | $937K | $1.8M | 25x | |
| 01 Exchange TAOUSD | +0.0624% | 1h | 314.82 | +0.245% | $3K | $4K | 5x | as long as short |
| Nado TAO-PERP | +0.0683% | 1h | 314.36 | +0.098% | $1.1M | $1.5M | 10x | as long as short |
| RISEx TAO/USDC | +0.0688% | 1h | 314.52 | +0.151% | $412K | $526K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 314.17 | +0.039% | $361 | — | 20x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0936% | 1h | 313.71 | −0.108% | $1.5M | $5.4M | 50x | as long as short |
| Lighter TAO | +0.2016% | 1h | 314.74 | +0.219% | $2.0M | $3.6M | 5x | as long as short |
| Hyperliquid TAO | +0.2506% | 1h | 315.22 | +0.373% | $95.9M | $66.9M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3384% | 1h | 316.14 | +0.665% | $23K | $137 | 12x | as long as short |
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Variational Omni TAO
edgeX TAOUSDC
GRVT TAO_USDT_Perp
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
BingX TAO-USDT
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