TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0066%/8h= +7.2% APRnext payment +$0.33 per $10,000 · paid last 24h +0.001%

Price spread now: Orderly against Gate+0.154%7-day average +0.048% · you sell dearer than you buy

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

Long on Gate Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.084%−$8 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now +0.154%, 7d avg +0.048%

Together, before fees−0.201%−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Orderly is 0.106% dearer against Gate than usual: you sell high and buy low: +$11 more if the spread goes back to its 7-day average of +0.048%. Mind the row above: over the last 7 days funding on this pair cost −0.084%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate TAO_USDT	318.00	0.0100	pay 0.0050% / 4h	18m 01s	$14.7M	$51.9M	50x
Short	Orderly PERP_TAO_USDC	318.49	0.0166	get 0.0083% / 4h	18m 01s	$52K	$294K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against Gate. 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 GatebpFee OrderlybpOrdersPrice spread, now +0.154%Rate

Funding earned: $13.86
Price spread: +0.154% → +0.048%: $10.58
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Orderly: 3 bp × 2 orders: −$6
Net: $3.44
Costs to cover: 0.210%
Break-even: 5.3 days

Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago	1.58 bp	14.9 bp −$15	39.9 bp −$399	56.9 bp −$5,692	93.1 bp −$46.6K
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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	318.12	+0.039%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0075%	1h	317.18	−0.258%	$126K	$85K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	317.61	−0.123%	$45K	$714K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	318.40	+0.126%	$26.5M	$131.3M	50x	as long as short
Gate TAO_USDTlong	+0.0100%	4h	318.00	long leg	$14.7M	$51.9M	50x
KuCoin TAOUSDTM	+0.0100%	4h	318.51	+0.160%	$17.9M	$32.5M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	317.85	−0.047%	$35.7M	$57.9M	50x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	316.06	−0.610%	$45K	$260K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	317.73	−0.085%	$88K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.21	+0.066%	$2K	$2.0M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	317.76	−0.075%	$116K	$603K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0104% / S +0.0138%	1h	318.13	+0.041%	$406K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	317.36	−0.201%	$2K	$1.1M	5x	as long as short
Aevo TAO-PERP	+0.0128%	1h	318.55	+0.174%	$175K	$998	3x	as long as short
edgeX TAOUSDC	+0.0165%	4h	315.99	−0.634%	$42K	$319K	10x	as long as short
Orderly PERP_TAO_USDCshort	+0.0166%	4h	318.49	+0.154%	$52K	$294K	10x
MEXC TAO_USDT	+0.0176%	4h	318.24	+0.075%	$103.3M	$152.4M	300x	as long as short
Binance TAOUSDT	+0.0177%	4h	318.29	+0.091%	$92.0M	$531.3M	75x	as long as short
BingX TAO-USDT	+0.0250%	4h	318.32	+0.101%	—	$37.3M	—	as long as short
Paradex TAO-USD-PERP	+0.0251%	8h	317.61	−0.122%	$14K	$1K	10x	as long as short
Bybit TAOUSDT	+0.0258%	4h	318.43	+0.135%	$69.8M	$156.9M	50x	as long as short
Bullet TAO-USD	+0.0283%	1h	318.55	+0.173%	$12K	$17K	20x	as long as short
GRVT TAO_USDT_Perp	+0.0306%	4h	315.58	−0.761%	$537K	$907K	10x	as long as short
Pacifica TAO	+0.0313%	1h	317.55	−0.140%	$372K	$466K	10x	as long as short
Aster TAOUSDT	+0.0345%	4h	318.33	+0.102%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0368%	1h	318.05	+0.016%	$903K	$2.4M	25x	as long as short
BloFin TAO-USDT	+0.0417%	4h	317.93	−0.022%	$4.7M	$10.9M	100x	as long as short
Phemex TAOUSDT	+0.0439%	4h	318.23	+0.072%	$3.2M	$8.2M	50x	as long as short
Nado TAO-PERP	+0.0459%	1h	317.53	−0.149%	$781K	$2.0M	10x	as long as short
Arcus TAO-USD	+0.0473%	1h	317.84	−0.050%	$100K	$384K	5x	as long as short
Lighter TAO	+0.0552%	1h	318.69	+0.217%	$1.6M	$6.9M	5x	as long as short
Variational Omni TAO	+0.0557%	4h	315.52	−0.780%	$5.5M	$10.2M	—	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0585%	1h	318.51	+0.162%	$15K	$1.9M	25x	as long as short
Phoenix TAO	+0.0629%	1h	316.40	−0.503%	$318K	$703K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0677%	1h	318.42	+0.132%	$297K	$906K	10x	as long as short
01 Exchange TAOUSD	+0.0680%	1h	318.04	+0.013%	$3K	$4K	5x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.23	+0.073%	$366	—	20x	as long as short
Hyperliquid TAO	+0.0716%	1h	318.47	+0.148%	$94.1M	$110.5M	5x	as long as short
RISEx TAO/USDC	+0.0831%	1h	317.53	−0.147%	$449K	$655K	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0832%	1h	318.61	+0.193%	$6.0M	$21.7M	50x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.99	−0.003%	$1.4M	$7.0M	50x	as long as short
Bulk TAO-USD	+0.1572%	1h	317.17	−0.261%	$169K	$0	10x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	318.80	+0.252%	$23K	$2K	12x	as long as short