TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0026%/8h= −2.9% APRnext payment −$0.13 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against Orderly+0.092%7-day average −0.012% · you sell dearer than you buy

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

Long on Orderly Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.061%+$6 on $10k

Price spread, last 4 days (all we have)−0.200%−$20 · spread now +0.092%, 7d avg −0.012%

Together, before fees−0.139%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.104% dearer against Orderly than usual: you sell high and buy low (spread +0.092% now, against its 7-day average of −0.012%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 13 days. Mind the row above: over the last 7 days funding on this pair paid +0.061%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TAO_USDC	315.90	0.0126	pay 0.0063% / 4h	1h 01m	$57K	$275K	10x
Short	MEXC TAO_USDT	316.19	0.0100	get 0.0050% / 4h	1h 01m	$104.7M	$144.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$5.47
Price spread: +0.092% → −0.012%: $10.35
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$1.12
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Orderly: no order-book sample; MEXC: 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 MEXC live order book, 3 min ago	0.79 bp	3.3 bp −$3	13.6 bp −$136	28.0 bp −$2,802	95.9 bp −$47.9K

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	−0.0766%	1h	316.69	+0.248%	$168K	$1K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.89	−0.004%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.62	−0.088%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.80	−0.032%	$41K	$680K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.25	+0.112%	$91.7M	$487.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.10	+0.063%	$26.0M	$119.2M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.90	0.000%	$13.0M	$50.5M	50x	as long as short
MEXC TAO_USDTshort	+0.0100%	4h	316.19	+0.092%	$104.7M	$144.5M	300x
KuCoin TAOUSDTM	+0.0100%	4h	315.86	−0.013%	$17.6M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.96	+0.019%	$35.2M	$55.6M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.23	+0.105%	$35K	$303K	10x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.06	+0.051%	$88K	$791K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	315.75	−0.047%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	315.69	−0.066%	$109K	$527K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.83	−0.022%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.72	−0.057%	$173K	$998	3x	as long as short
Bullet TAO-USD	+0.0111%	1h	315.84	−0.018%	$12K	$18K	20x	as long as short
Katana Perps TAO-USD	+0.0112%	8h	315.54	−0.114%	$2K	$780K	5x	as long as short
Orderly PERP_TAO_USDClong	+0.0126%	4h	315.90	long leg	$57K	$275K	10x
GRVT TAO_USDT_Perp	+0.0152%	4h	316.00	+0.033%	$526K	$965K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0155% / S +0.0113%	1h	315.66	−0.077%	$428K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0225%	8h	316.19	+0.091%	$14K	$1K	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0248%	1h	315.95	+0.015%	$5.6M	$20.7M	50x	as long as short
Aster TAOUSDT	+0.0254%	4h	315.95	+0.016%	$1.2M	$10.0M	50x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0263%	1h	315.90	+0.001%	$14K	$1.7M	25x	as long as short
ApeX Omni TAOUSDT	+0.0277%	1h	315.75	−0.047%	$46K	$253K	50x	as long as short
Bybit TAOUSDT	+0.0325%	4h	316.45	+0.174%	$69.3M	$145.6M	50x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.17	+0.085%	$4.6M	$10.9M	100x	as long as short
BingX TAO-USDT	+0.0366%	4h	316.03	+0.041%	—	$30.4M	—	as long as short
Pacifica TAO	+0.0448%	1h	316.13	+0.071%	$372K	$413K	10x	as long as short
Extended TAO-USD	+0.0504%	1h	315.81	−0.030%	$922K	$2.4M	25x	as long as short
Phoenix TAO	+0.0504%	1h	315.90	0.000%	$330K	$707K	5x	as long as short
Arcus TAO-USD	+0.0509%	1h	316.26	+0.114%	$100K	$488K	5x	as long as short
Nado TAO-PERP	+0.0542%	1h	315.89	−0.003%	$844K	$2.2M	10x	as long as short
01 Exchange TAOUSD	+0.0616%	1h	315.88	−0.006%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0696%	1h	316.20	+0.096%	$1.6M	$6.4M	5x	as long as short
Reya TAORUSDPERP	+0.0696%	1h	315.65	−0.079%	$363	—	20x	as long as short
Variational Omni TAO	+0.0713%	4h	315.94	+0.013%	$5.9M	$9.7M	—	as long as short
Backpack TAO_USDC_PERP	+0.0783%	1h	316.23	+0.104%	$314K	$920K	10x	as long as short
Hyperliquid TAO	+0.0883%	1h	316.24	+0.108%	$95.2M	$104.5M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1024%	1h	317.08	+0.374%	$1.5M	$6.6M	50x	as long as short
RISEx TAO/USDC	+0.1159%	1h	315.91	+0.003%	$435K	$659K	5x	as long as short
Injective TAO/USDC PERP	+0.4172%	1h	319.25	+1.060%	$23K	$2K	12x	as long as short