TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0078%/8h= +8.5% APRnext payment +$0.39 per $10,000 · paid last 24h +0.001%

Price spread now: Orderly against KuCoin−0.184%7-day average +0.007% · you buy dearer than you sell

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

Long on KuCoin Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 4 days (all we have)+0.191%+$19 · spread now −0.184%, 7d avg +0.007%

Together, before fees+0.100%+$10 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.191% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.184% now, against its 7-day average of +0.007%). If the spread goes back, that is −$19 on $10k: about 8.2 days of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.091%, 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	KuCoin TAOUSDTM	319.92	0.0100	pay 0.0050% / 4h	9m 22s	$17.9M	$32.5M	75x
Short	Orderly PERP_TAO_USDC	319.33	0.0178	get 0.0089% / 4h	9m 22s	$52K	$294K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against KuCoin. 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 KuCoinbpFee OrderlybpOrdersPrice spread, now −0.184%Rate

Funding earned: $16.36
Price spread: −0.184% → +0.007%: −$19.1
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$20.74
Costs to cover: 0.180%
Break-even: 15.9 days

Slippage unknown: KuCoin: live order book, 10 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 KuCoin live order book, 10 min ago	1.42 bp	13.0 bp −$13	32.9 bp −$329	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
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0005%	1h	319.24	−0.214%	$22K	—	150x	as long as short
dYdX TAO-USD	+0.0068%	1h	319.58	−0.105%	$128K	$86K	5x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.67	−0.078%	$48K	$714K	20x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.30	−0.194%	$26.6M	$132.3M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	319.70	−0.069%	$14.9M	$52.3M	50x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	319.92	long leg	$17.9M	$32.5M	75x
Bitget TAOUSDT	+0.0100%	4h	319.00	−0.288%	$36.0M	$58.1M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.28	+0.113%	$88K	$1.2M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.07	−0.266%	$2K	$2.0M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.76	−0.363%	$117K	$603K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX TAO/USD [WBTC.b-USDC]	L +0.0103% / S +0.0137%	1h	319.32	−0.188%	$412K	—	100x	as long as short
Katana Perps TAO-USD	+0.0106%	8h	319.55	−0.116%	$1K	$1.2M	5x	as long as short
ApeX Omni TAOUSDT	+0.0121%	1h	319.65	−0.084%	$46K	$259K	50x	as long as short
Aevo TAO-PERP	+0.0128%	1h	319.49	−0.136%	$175K	$998	3x	as long as short
Orderly PERP_TAO_USDCshort	+0.0178%	4h	319.33	−0.184%	$52K	$294K	10x
edgeX TAOUSDC	+0.0189%	4h	319.75	−0.055%	$42K	$319K	10x	as long as short
MEXC TAO_USDT	+0.0192%	4h	320.11	+0.059%	$104.7M	$152.8M	300x	as long as short
Binance TAOUSDT	+0.0195%	4h	319.37	−0.172%	$92.4M	$533.5M	75x	as long as short
Paradex TAO-USD-PERP	+0.0266%	8h	319.82	−0.030%	$15K	$1K	10x	as long as short
BingX TAO-USDT	+0.0272%	4h	319.60	−0.100%	—	$37.4M	—	as long as short
Bybit TAOUSDT	+0.0278%	4h	319.51	−0.128%	$70.2M	$157.3M	50x	as long as short
Bullet TAO-USD	+0.0303%	1h	319.86	−0.019%	$12K	$17K	20x	as long as short
Pacifica TAO	+0.0313%	1h	319.78	−0.043%	$375K	$465K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0318%	4h	319.67	−0.079%	$544K	$896K	10x	as long as short
Aster TAOUSDT	+0.0357%	4h	319.74	−0.058%	$1.3M	$11.0M	50x	as long as short
Extended TAO-USD	+0.0384%	1h	319.18	−0.230%	$911K	$2.4M	25x	as long as short
Phemex TAOUSDT	+0.0398%	4h	319.20	−0.225%	$3.2M	$8.1M	50x	as long as short
BloFin TAO-USDT	+0.0435%	4h	319.37	−0.172%	$4.7M	$11.0M	100x	as long as short
Nado TAO-PERP	+0.0459%	1h	320.42	+0.156%	$788K	$2.0M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0460%	1h	319.13	−0.248%	$15K	$1.9M	25x	as long as short
Arcus TAO-USD	+0.0473%	1h	319.93	+0.003%	$101K	$384K	5x	as long as short
Variational Omni TAO	+0.0568%	4h	319.84	−0.025%	$5.6M	$10.1M	—	as long as short
Phoenix TAO	+0.0629%	1h	319.90	−0.006%	$322K	$703K	5x	as long as short
Lighter TAO	+0.0632%	1h	319.53	−0.123%	$1.6M	$6.9M	5x	as long as short
01 Exchange TAOUSD	+0.0688%	1h	320.17	+0.078%	$3K	$4K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0698%	1h	320.27	+0.109%	$299K	$905K	10x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	320.38	+0.142%	$368	—	20x	as long as short
Hyperliquid TAO	+0.0707%	1h	320.54	+0.194%	$94.9M	$110.1M	5x	as long as short
Kraken Futures PF_TAOUSD	+0.0830%	1h	319.30	−0.193%	$6.0M	$21.7M	50x	as long as short
RISEx TAO/USDC	+0.0831%	1h	319.66	−0.083%	$453K	$662K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	319.59	−0.103%	$1.3M	$7.2M	50x	as long as short
Bulk TAO-USD	+0.1572%	1h	317.17	−0.860%	$169K	$0	10x	as long as short
Injective TAO/USDC PERP	+0.4513%	1h	322.44	+0.788%	$23K	$2K	12x	as long as short