Funding you earn now, next payment 04:00 UTC−0.0304%/8h= −33.3% APRnext payment −$1.52 per $10,000 · paid last 24h 0.000%
Price spread now: Orderly against BingX+0.173%7-day average +0.016% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.144%−$14 on $10k
+Price spread, last 3 days (all we have)−0.199%−$20 · spread now +0.173%, 7d avg +0.016%
=The price spread pays, funding is against you. Orderly is 0.157% dearer against BingX than usual: you sell high and buy low (spread +0.173% now, against its 7-day average of +0.016%): +$16 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 41 hours. At the pace of the last 7 days (−0.144% in total) that is about 7.6 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.144% in total (about -7.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.52 per $10,000. 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 | BingX TAO-USDT | 317.13 | 0.0404 | pay 0.0202% / 4h | 3h 27m | — | $30.7M | — |
| Short | Orderly PERP_TAO_USDC | 317.68 | 0.0100 | get 0.0050% / 4h | 3h 27m | $57K | $316K | 10x |
BingX TAO-USDT
Orderly PERP_TAO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against BingX. 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
- −$63.84
- Price spread: +0.173% → +0.016%
- $15.7
- Slippage, 4 orders
- no order book: not counted
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$64.14
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: BingX: live order book, 11 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 BingX live order book, 11 min ago | 1.42 bp | 8.3 bp −$8 | 15.8 bp −$158 | 37.2 bp −$3,722 | 120.9 bp −$60.5K |
| 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 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 | −0.1321% | 1h | 318.22 | +0.344% | $169K | $44K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 318.00 | +0.274% | $127K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 317.49 | +0.113% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 318.00 | +0.274% | $43K | $591K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 317.06 | −0.024% | $91.1M | $447.7M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 317.00 | −0.041% | $26.0M | $108.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 317.00 | −0.041% | $12.9M | $50.7M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 317.18 | +0.016% | $108.2M | $134.9M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 317.06 | −0.022% | $18.2M | $29.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.84 | −0.091% | $35.3M | $50.7M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| edgeX TAOUSDC | +0.0100% | 4h | 318.26 | +0.355% | $40K | $294K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 318.49 | +0.430% | $527K | $969K | 10x | as long as short |
| Orderly PERP_TAO_USDCshort | +0.0100% | 4h | 317.68 | +0.173% | $57K | $316K | 10x | |
| SunX TAO-USDT | +0.0100% | 4h | 317.48 | +0.110% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 317.88 | +0.236% | $127K | $424K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 317.43 | +0.095% | $3.4M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 317.97 | +0.265% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0112% | 8h | 318.24 | +0.350% | $1K | $625K | 5x | as long as short |
| Bullet TAO-USD | +0.0131% | 1h | 317.77 | +0.203% | $12K | $17K | 20x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0173% / S +0.0093% | 1h | 317.49 | +0.112% | $457K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 318.38 | +0.394% | $377K | $376K | 10x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 318.39 | +0.397% | $84K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0221% | 4h | 317.40 | +0.087% | $1.1M | $8.5M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0237% | 8h | 318.30 | +0.369% | $14K | $1K | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0237% | 1h | 317.61 | +0.150% | $17K | $1.5M | 25x | as long as short |
| Polymarket Perps TAO-USD | +0.0306% | 1h | 317.86 | +0.230% | $93K | $636K | 5x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 317.25 | +0.038% | $4.5M | $10.8M | 100x | as long as short |
| BingX TAO-USDTlong | +0.0404% | 4h | 317.13 | long leg | — | $30.7M | — | |
| Variational Omni TAO | +0.0436% | 4h | 318.35 | +0.383% | $5.5M | $8.7M | — | as long as short |
| Bybit TAOUSDT | +0.0450% | 4h | 317.34 | +0.066% | $65.4M | $133.0M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0483% | 1h | 317.67 | +0.171% | $5.7M | $20.3M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 320.00 | +0.905% | $335K | $624K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0552% | 1h | 320.00 | +0.905% | $48K | $266K | 50x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 322.97 | +1.842% | $23K | $678 | 12x | as long as short |
| 01 Exchange TAOUSD | +0.0616% | 1h | 318.14 | +0.318% | $3K | $4K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0695% | 1h | 317.72 | +0.185% | $365 | — | 20x | as long as short |
| Nado TAO-PERP | +0.0783% | 1h | 317.74 | +0.193% | $883K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0858% | 1h | 317.73 | +0.189% | $321K | $818K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 318.83 | +0.536% | $1.5M | $6.3M | 50x | as long as short |
| RISEx TAO/USDC | +0.1141% | 1h | 318.14 | +0.317% | $423K | $600K | 5x | as long as short |
| Extended TAO-USD | +0.1144% | 1h | 317.14 | +0.005% | $927K | $2.3M | 25x | as long as short |
| Lighter TAO | +0.1392% | 1h | 318.17 | +0.329% | $1.7M | $6.0M | 5x | as long as short |
| Hyperliquid TAO | +0.2101% | 1h | 317.44 | +0.098% | $102.2M | $91.1M | 5x | as long as short |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Bullet TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
Polymarket Perps TAO-USD
BloFin TAO-USDT
Variational Omni TAO
Bybit TAOUSDT
Kraken Futures PF_TAOUSD
Phoenix TAO
ApeX Omni TAOUSDT
Injective TAO/USDC PERP
01 Exchange TAOUSD
Reya TAORUSDPERP
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Extended TAO-USD
Lighter TAO
Hyperliquid TAO