Funding you earn now, next payment 07:00 UTC−0.0389%/8h= −42.6% APRpaid last 24h −0.073%
Price spread now: Orderly against Nado−0.032%7-day average +0.020% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.082%−$8 on $10k
+Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.032%, 7d avg +0.020%
=Together, before fees+0.015%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Orderly is 0.052% cheaper against Nado than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.020%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.082% in total (about -8.6% 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 | Nado TAO-PERP | 320.41 | 0.0517 | pay 0.0065% / 1h | 14m 23s | $797K | $2.0M | 10x |
| Short | Orderly PERP_TAO_USDC | 320.31 | 0.0128 | get 0.0064% / 4h | 1h 14m | $53K | $293K | 10x |
Nado TAO-PERP
Orderly PERP_TAO_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Nado. 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
- −$81.73
- Price spread: −0.032% → +0.020%
- −$5.23
- Slippage, 4 orders
- no order book: not counted
- Fee Nado: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$99.97
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Nado: live order book, 4 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 Nado live order book, 4 min ago | 0.93 bp | 6.4 bp −$6 | 16.4 bp −$164 | 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 | −0.2264% | 1h | 322.24 | +0.571% | $171K | $333 | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 320.54 | +0.040% | $128K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 320.81 | +0.123% | $22K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 320.81 | +0.124% | $44K | $705K | 20x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 320.30 | −0.035% | $27.0M | $130.1M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 320.30 | −0.035% | $14.4M | $52.3M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 320.79 | +0.118% | $18.0M | $32.1M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 320.18 | −0.073% | $36.0M | $58.0M | 50x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 320.89 | +0.149% | $45K | $258K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 320.62 | +0.065% | $85K | $1.2M | 5x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
ApeX Omni TAOUSDT
Polymarket Perps TAO-USDShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| SunX TAO-USDT | +0.0100% | 4h | 320.67 | +0.080% | $2K | $2.0M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 320.24 | −0.054% | $116K | $598K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0108% | 8h | 320.94 | +0.165% | $1K | $1.1M | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0115% / S +0.0154% | 1h | 320.71 | +0.094% | $423K | — | 100x | as long as short |
| Orderly PERP_TAO_USDCshort | +0.0128% | 4h | 320.31 | −0.032% | $53K | $293K | 10x | |
| Aevo TAO-PERP | +0.0128% | 1h | 320.50 | +0.027% | $176K | $998 | 3x | as long as short |
| Binance TAOUSDT | +0.0196% | 4h | 320.47 | +0.017% | $93.0M | $527.8M | 75x | as long as short |
| MEXC TAO_USDT | +0.0196% | 4h | 320.41 | −0.001% | $107.3M | $151.2M | 300x | as long as short |
| edgeX TAOUSDC | +0.0206% | 4h | 320.99 | +0.179% | $42K | $319K | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0265% | 8h | 320.80 | +0.120% | $15K | $1K | 10x | as long as short |
| Bybit TAOUSDT | +0.0295% | 4h | 320.48 | +0.021% | $70.4M | $155.9M | 50x | as long as short |
| BingX TAO-USDT | +0.0316% | 4h | 320.41 | −0.001% | — | $35.0M | — | as long as short |
| Bullet TAO-USD | +0.0338% | 1h | 320.51 | +0.032% | $12K | $17K | 20x | as long as short |
| Aster TAOUSDT | +0.0363% | 4h | 320.28 | −0.043% | $1.3M | $10.9M | 50x | as long as short |
| Phemex TAOUSDT | +0.0366% | 4h | 320.58 | +0.052% | $3.3M | $8.1M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0383% | 1h | 320.36 | −0.017% | $15K | $2.0M | 25x | as long as short |
| Extended TAO-USD | +0.0400% | 1h | 320.31 | −0.032% | $913K | $2.4M | 25x | as long as short |
| GRVT TAO_USDT_Perp | +0.0418% | 4h | 321.37 | +0.298% | $545K | $937K | 10x | as long as short |
| BloFin TAO-USDT | +0.0437% | 4h | 321.30 | +0.277% | $4.7M | $11.1M | 100x | as long as short |
| Nado TAO-PERPlong | +0.0517% | 1h | 320.41 | long leg | $797K | $2.0M | 10x | |
| Variational Omni TAO | +0.0519% | 4h | 320.56 | +0.046% | $5.7M | $10.2M | — | as long as short |
| Pacifica TAO | +0.0525% | 1h | 320.83 | +0.129% | $366K | $428K | 10x | as long as short |
| Phoenix TAO | +0.0567% | 1h | 322.20 | +0.558% | $321K | $709K | 5x | as long as short |
| Hyperliquid TAO | +0.0640% | 1h | 320.65 | +0.074% | $94.9M | $110.0M | 5x | as long as short |
| Arcus TAO-USD | +0.0641% | 1h | 321.11 | +0.218% | $104K | $389K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0648% | 1h | 321.08 | +0.208% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0688% | 1h | 320.88 | +0.145% | $1.6M | $6.8M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 320.36 | −0.015% | $368 | — | 20x | as long as short |
| Backpack TAO_USDC_PERP | +0.0714% | 1h | 321.19 | +0.243% | $299K | $905K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 321.77 | +0.424% | $1.5M | $6.8M | 50x | as long as short |
| RISEx TAO/USDC | +0.1077% | 1h | 320.90 | +0.152% | $444K | $674K | 5x | as long as short |
| Kraken Futures PF_TAOUSD | +0.1152% | 1h | 320.52 | +0.034% | $6.0M | $21.7M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4723% | 1h | 325.94 | +1.725% | $24K | $2K | 12x | as long as short |
SunX TAO-USDT
HTX TAO-USDT
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Aevo TAO-PERP
Binance TAOUSDT
MEXC TAO_USDT
edgeX TAOUSDC
Paradex TAO-USD-PERP
Bybit TAOUSDT
BingX TAO-USDT
Bullet TAO-USD
Aster TAOUSDT
Phemex TAOUSDT
Deribit TAO_USDC-PERPETUAL
Extended TAO-USD
GRVT TAO_USDT_Perp
BloFin TAO-USDT
Variational Omni TAO
Pacifica TAO
Phoenix TAO
Hyperliquid TAO
Arcus TAO-USD
01 Exchange TAOUSD
Lighter TAO
Reya TAORUSDPERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Kraken Futures PF_TAOUSD
Injective TAO/USDC PERP