TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.58 per $10,000 · paid last 24h +0.001%

Price spread now: Orderly against Binance+0.063%7-day average +0.006% · you sell dearer than you buy

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

Long on Binance Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)−0.005%$0 · spread now +0.063%, 7d avg +0.006%

Together, before fees−0.055%−$5 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Orderly is 0.058% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance TAOUSDT	316.30	0.0140	pay 0.0070% / 4h	1h 50m	$93.0M	$511.4M	75x
Short	Orderly PERP_TAO_USDC	316.50	0.0256	get 0.0128% / 4h	1h 50m	$53K	$262K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Binance. 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 BinancebpFee OrderlybpOrdersPrice spread, now +0.063%Rate

Funding earned: $24.33
Price spread: +0.063% → +0.006%: $5.76
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: $14.1
Costs to cover: 0.160%
Break-even: 2.9 days

Slippage unknown: Binance: live order book, 16 min ago; Orderly: no order-book sample. 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 Binance live order book, 16 min ago	0.16 bp	8.1 bp −$8	12.3 bp −$123	33.8 bp −$3,378	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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 exchanges

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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0003%	1h	316.86	+0.177%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.78	+0.152%	$50K	$632K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.40	+0.032%	$26.8M	$128.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	316.20	−0.032%	$15.7M	$47.3M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	316.20	−0.032%	$17.6M	$31.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.07	−0.073%	$35.8M	$56.0M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	317.25	+0.300%	$45K	$254K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	316.42	+0.038%	$81K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.45	+0.047%	$2K	$1.8M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.28	−0.006%	$113K	$563K	20x	as long as short

Show all 43 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Katana Perps TAO-USD	+0.0104%	8h	316.69	+0.123%	$893	$1.3M	5x	as long as short
Bybit TAOUSDT	+0.0113%	4h	316.35	+0.016%	$69.3M	$155.5M	50x	as long as short
Aevo TAO-PERP	+0.0120%	1h	316.48	+0.057%	$174K	$998	3x	as long as short
Phemex TAOUSDT	+0.0131%	4h	316.54	+0.076%	$3.2M	$8.1M	50x	as long as short
Binance TAOUSDTlong	+0.0140%	4h	316.30	long leg	$93.0M	$511.4M	75x
MEXC TAO_USDT	+0.0140%	4h	316.37	+0.022%	$105.4M	$147.3M	300x	as long as short
edgeX TAOUSDC	+0.0146%	4h	317.23	+0.293%	$42K	$323K	10x	as long as short
BingX TAO-USDT	+0.0152%	4h	316.45	+0.047%	—	$38.0M	—	as long as short
Paradex TAO-USD-PERP	+0.0207%	8h	316.73	+0.135%	$14K	$876	10x	as long as short
Lighter TAO	+0.0224%	1h	316.47	+0.053%	$1.6M	$6.6M	5x	as long as short
Extended TAO-USD	+0.0224%	1h	316.26	−0.012%	$959K	$2.1M	25x	as long as short
Pacifica TAO	+0.0240%	1h	316.75	+0.143%	$375K	$456K	10x	as long as short
Orderly PERP_TAO_USDCshort	+0.0256%	4h	316.50	+0.063%	$53K	$262K	10x
GRVT TAO_USDT_Perp	+0.0262%	4h	317.12	+0.260%	$541K	$805K	10x	as long as short
Bullet TAO-USD	+0.0264%	1h	316.75	+0.141%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0307%	4h	316.43	+0.041%	$1.2M	$11.2M	50x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0360% / S −0.0107%	1h	316.55	+0.078%	$372K	—	100x	as long as short
Nado TAO-PERP	+0.0366%	1h	316.73	+0.137%	$698K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0369%	1h	316.48	+0.057%	$15K	$1.9M	25x	as long as short
BloFin TAO-USDT	+0.0381%	4h	316.79	+0.155%	$4.9M	$10.4M	100x	as long as short
Variational Omni TAO	+0.0445%	4h	318.15	+0.586%	$5.7M	$9.8M	—	as long as short
Hyperliquid TAO	+0.0466%	1h	316.53	+0.073%	$95.3M	$107.0M	5x	as long as short
dYdX TAO-USD	+0.0554%	1h	316.61	+0.098%	$267K	$230K	5x	as long as short
Arcus TAO-USD	+0.0610%	1h	317.13	+0.262%	$100K	$310K	5x	as long as short
01 Exchange TAOUSD	+0.0640%	1h	316.94	+0.202%	$3K	$2K	5x	as long as short
Phoenix TAO	+0.0650%	1h	317.60	+0.411%	$319K	$710K	5x	as long as short
RISEx TAO/USDC	+0.0666%	1h	316.67	+0.117%	$436K	$677K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0671%	1h	316.50	+0.063%	$297K	$1.1M	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0688%	1h	316.90	+0.190%	$1.1M	$7.6M	50x	as long as short
Reya TAORUSDPERP	+0.0699%	1h	316.25	−0.014%	$364	—	20x	as long as short
Bulk TAO-USD	+0.0807%	1h	318.75	+0.775%	$169K	$0	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0931%	1h	316.42	+0.039%	$6.2M	$19.5M	50x	as long as short
Injective TAO/USDC PERP	+0.4405%	1h	322.67	+2.014%	$23K	$2K	12x	as long as short