Funding you earn now, next payment 23:00 UTC−0.0748%/8h= −81.9% APRpaid last 24h −0.020%
Price spread now: Orderly against Extended−0.182%7-day average +0.048% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.189%−$19 on $10k
+Price spread, last 3 days (all we have)+0.301%+$30 · spread now −0.182%, 7d avg +0.048%
=Together, before fees+0.112%+ Points / potential airdropExtended: Active · farm board+$11 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$22 a day on $10k at the current rate, and Orderly is 0.229% cheaper against Extended than usual: you would sell low and buy high (−$23 if the spread goes back to its 7-day average of +0.048%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.189% in total (about -9.8% 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 | Extended TAO-USD | 303.99 | 0.0848 | pay 0.0106% / 1h | 48m 39s | $840K | $2.0M | 25x |
| Short | Orderly PERP_TAO_USDC | 303.44 | 0.0100 | get 0.0050% / 4h | 1h 48m | $58K | $276K | 10x |
Extended TAO-USD
Orderly PERP_TAO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Extended. 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
- −$157.08
- Price spread: −0.182% → +0.048%
- −$22.93
- Slippage, 4 orders
- no order book: not counted
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$191.01
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Extended: live order book, 5 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 Extended live order book, 5 min ago | 3.91 bp | 6.5 bp −$6 | 8.2 bp −$82 | doesn't fit | 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 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 | −0.0466% | 1h | 307.38 | +1.115% | $202K | $17K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 303.87 | −0.039% | $125K | $87K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0007% | 1h | 303.26 | −0.240% | $26K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 304.01 | +0.006% | $43K | $533K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 303.95 | −0.014% | $85.3M | $409.9M | 75x | as long as short |
| Bybit TAOUSDT | +0.0100% | 4h | 303.81 | −0.060% | $58.9M | $120.6M | 50x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 303.50 | −0.162% | $24.4M | $94.4M | 50x | as long as short |
| Arcus TAO-USD | +0.0100% | 1h | 304.43 | +0.144% | $79K | $642K | 5x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 303.90 | −0.030% | $12.1M | $48.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 304.02 | +0.009% | $120.7M | $123.9M | 300x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
Bybit TAOUSDT
OKX TAO-USDT-SWAP
Arcus TAO-USD
Gate TAO_USDT
MEXC TAO_USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin TAOUSDTM | +0.0100% | 4h | 303.96 | −0.010% | $18.3M | $26.9M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 303.98 | −0.004% | $34.0M | $45.5M | 50x | as long as short |
| BingX TAO-USDT | +0.0100% | 4h | 304.01 | +0.006% | — | $30.4M | — | as long as short |
| Variational Omni TAO | +0.0100% | 4h | 305.07 | +0.354% | $3.6M | $6.6M | — | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 304.88 | +0.293% | $39K | $278K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 304.81 | +0.269% | $504K | $977K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 306.50 | +0.825% | $46K | $269K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 303.87 | −0.040% | $77K | $607K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 304.00 | +0.003% | $11K | $18K | 20x | as long as short |
| Orderly PERP_TAO_USDCshort | +0.0100% | 4h | 303.44 | −0.182% | $58K | $276K | 10x | |
| SunX TAO-USDT | +0.0100% | 4h | 303.40 | −0.195% | $1K | $1.8M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 303.88 | −0.037% | $120K | $355K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 303.85 | −0.047% | $3.2M | $7.8M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 303.56 | −0.140% | $167K | $998 | 3x | as long as short |
| Aster TAOUSDT | +0.0111% | 4h | 303.82 | −0.057% | $1.1M | $7.6M | 50x | as long as short |
| Katana Perps TAO-USD | +0.0112% | 8h | 303.99 | −0.001% | $2K | $488K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0155% | 8h | 303.93 | −0.020% | $14K | $1K | 10x | as long as short |
| Pacifica TAO | +0.0164% | 1h | 304.04 | +0.016% | $359K | $370K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0174% / S +0.0069% | 1h | 303.41 | −0.193% | $433K | — | 100x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0212% | 1h | 303.54 | −0.148% | $22K | $1.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 303.61 | −0.126% | $4.3M | $9.3M | 100x | as long as short |
| Backpack TAO_USDC_PERP | +0.0354% | 1h | 303.78 | −0.070% | $376K | $756K | 10x | as long as short |
| Lighter TAO | +0.0384% | 1h | 304.13 | +0.047% | $1.7M | $5.2M | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0408% | 1h | 304.29 | +0.098% | $3K | $4K | 5x | as long as short |
| Nado TAO-PERP | +0.0481% | 1h | 303.80 | −0.062% | $827K | $1.9M | 10x | as long as short |
| Phoenix TAO | +0.0521% | 1h | 307.40 | +1.121% | $326K | $491K | 5x | as long as short |
| Reya TAORUSDPERP | +0.0694% | 1h | 303.96 | −0.012% | $350 | — | 20x | as long as short |
| Extended TAO-USDlong | +0.0848% | 1h | 303.99 | long leg | $840K | $2.0M | 25x | |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 305.27 | +0.420% | $1.5M | $5.6M | 50x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1040% | 1h | 303.64 | −0.116% | $5.8M | $19.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.1155% | 1h | 304.31 | +0.106% | $410K | $545K | 5x | as long as short |
| Hyperliquid TAO | +0.1379% | 1h | 304.38 | +0.128% | $93.3M | $79.5M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.1621% | 1h | 308.73 | +1.559% | $22K | $264 | 12x | as long as short |
KuCoin TAOUSDTM
Bitget TAOUSDT
BingX TAO-USDT
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
Aster TAOUSDT
Katana Perps TAO-USD
Paradex TAO-USD-PERP
Pacifica TAO
GMX TAO/USD [WBTC.b-USDC]
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Backpack TAO_USDC_PERP
Lighter TAO
01 Exchange TAOUSD
Nado TAO-PERP
Phoenix TAO
Reya TAORUSDPERP
Coinbase International TAO-PERP-INTX
Kraken Futures PF_TAOUSD
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP