TAO

Alert

Funding spread now, next payment 20:00 UTC0.0000%/8h

next payment, per $10,000+$0.00paid, last 24h0.000%paid, last 3 days+0.034%to open and closeno order book

Long on Orderly Short on Variational Omni

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TAO_USDC	287.44	0.0100	pay 0.0050% / 4h	3h 45m	$51K	$146K	10x
Short	Variational Omni TAO	287.54	0.0100	get 0.0050% / 4h	3h 45m	$3.4M	$4.6M	—

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee Variational OmnibpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$6
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Variational Omni: RFQ quote, just now. Net counts fees only.

Price risk

price view

Price gap now: +0.034%
Avg gap 7d: +0.064%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Variational Omni RFQ quote, just now	2.89 bp	doesn't fit	19.2 bp −$192	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.1169%	1h	$150K	$0	10x	as long as short
dYdX TAO-USD	0.0000%	1h	$73K	$41K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0008%	1h	$14K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0047%	1h	$5.4M	$14.0M	50x	as long as short
Bitget TAOUSDT	+0.0054%	4h	$32.6M	$36.4M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	$49K	$458K	20x	as long as short
Katana Perps TAO-USD	+0.0100%	8h	$1K	$303K	5x	as long as short
Aster TAOUSDT	+0.0100%	4h	$1.6M	$5.0M	50x	as long as short
Pacifica TAO	+0.0100%	1h	$332K	$371K	10x	as long as short
Binance TAOUSDT	+0.0100%	4h	$81.1M	$323.9M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit TAOUSDT	+0.0100%	4h	$53.4M	$84.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	$23.2M	$67.6M	50x	as long as short
Arcus TAO-USD	+0.0100%	1h	$122K	$568K	5x	as long as short
Gate TAO_USDT	+0.0100%	4h	$11.3M	$43.4M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	$101.0M	$102.8M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	$18.4M	$19.7M	75x	as long as short
BingX TAO-USDT	+0.0100%	4h	—	$28.3M	—	as long as short
Variational Omni TAOshort	+0.0100%	4h	$3.4M	$4.6M	—
edgeX TAOUSDC	+0.0100%	4h	$32K	$289K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	$43K	$266K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	$75K	$1.1M	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	$9K	$17K	20x	as long as short
Orderly PERP_TAO_USDClong	+0.0100%	4h	$51K	$146K	10x
SunX TAO-USDT	+0.0100%	4h	$1K	$1.6M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	$118K	$314K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	$3.0M	$7.4M	50x	as long as short
Extended TAO-USD	+0.0104%	1h	$775K	$1.3M	25x	as long as short
Aevo TAO-PERP	+0.0104%	1h	$158K	$998	3x	as long as short
Paradex TAO-USD-PERP	+0.0113%	8h	$13K	$376	10x	as long as short
Backpack TAO_USDC_PERP	+0.0121%	1h	$272K	$413K	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0195%	1h	$34K	$898K	25x	as long as short
Phoenix TAO	+0.0332%	1h	$306K	$157K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	$4.1M	$7.0M	100x	as long as short
Nado TAO-PERP	+0.0465%	1h	$1.1M	$1.1M	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0467% / S −0.0189%	1h	$425K	—	100x	as long as short
01 Exchange TAOUSD	+0.0504%	1h	$3K	$6K	5x	as long as short
RISEx TAO/USDC	+0.0553%	1h	$333K	$423K	5x	as long as short
Reya TAORUSDPERP	+0.0692%	1h	$330	—	20x	as long as short
Lighter TAO	+0.0816%	1h	$1.4M	$1.9M	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0920%	1h	$1.4M	$4.2M	50x	as long as short
Hyperliquid TAO	+0.1041%	1h	$78.9M	$52.1M	5x	as long as short
Injective TAO/USDC PERP	+0.3912%	1h	$21K	$87K	12x	as long as short