Funding you earn now, next payment 03:00 UTC+0.0608%/8h= +66.6% APRpaid last 24h +0.002%
Price spread now: ApeX Omni against Orderly+0.043%50s7-day average +0.004% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.138%+$14 on $10k
+Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.043%, 7d avg +0.004%
=Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and ApeX Omni is 0.039% dearer against Orderly than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.004%. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.138% in total (about 7.2% 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 | Orderly PERP_TAO_USDC | 323.68 | 0.0115 | pay 0.0058% / 4h | 1h 27m | $58K | $282K | 10x |
| Short | ApeX Omni TAOUSDT | 323.82 | 0.0723 | get 0.0090% / 1h | 27m 23s | $48K | $253K | 50x |
Orderly PERP_TAO_USDC
ApeX Omni TAOUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Orderly. 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
- $127.74
- Price spread: +0.043% → +0.004%
- $3.88
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- $115.62
- Costs to cover
- 0.160%
- Break-even
- 0.7 days
Slippage unknown: Orderly: no order-book sample; ApeX Omni: live order book, 34 min ago. 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 Orderly no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 34 min ago | 5.52 bp | 13.4 bp −$13 | 122.5 bp −$1,225 | doesn't fit | doesn't fit |
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 | −0.5583% | 1h | 316.49 | −2.221% | $168K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 323.14 | −0.167% | $129K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 322.43 | −0.386% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 322.93 | −0.232% | $34K | $676K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 322.73 | −0.292% | $94.4M | $479.8M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 322.70 | −0.303% | $26.6M | $119.6M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 323.00 | −0.210% | $13.2M | $49.8M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 322.94 | −0.229% | $100.3M | $141.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 322.86 | −0.253% | $18.1M | $31.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 322.71 | −0.300% | $36.1M | $54.6M | 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 | 323.11 | −0.177% | $36K | $301K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 322.77 | −0.281% | $87K | $792K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 323.49 | −0.059% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 323.73 | +0.015% | $131K | $482K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 323.66 | −0.006% | $3.5M | $7.9M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 323.86 | +0.056% | $178K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDClong | +0.0115% | 4h | 323.68 | long leg | $58K | $282K | 10x | |
| Katana Perps TAO-USD | +0.0116% | 8h | 323.16 | −0.161% | $687 | $776K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0160% / S +0.0125% | 1h | 323.56 | −0.037% | $449K | — | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0242% | 1h | 323.74 | +0.018% | $5.7M | $20.6M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0254% | 4h | 323.03 | −0.201% | $536K | $964K | 10x | as long as short |
| Bullet TAO-USD | +0.0276% | 1h | 322.80 | −0.272% | $12K | $18K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0305% | 8h | 323.30 | −0.119% | $15K | $1K | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 322.64 | −0.321% | $4.6M | $11.2M | 100x | as long as short |
| Aster TAOUSDT | +0.0371% | 4h | 323.15 | −0.164% | $1.1M | $9.6M | 50x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 323.55 | −0.040% | $383K | $402K | 10x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 324.30 | +0.192% | $339K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 323.33 | −0.108% | $101K | $487K | 5x | as long as short |
| BingX TAO-USDT | +0.0558% | 4h | 322.64 | −0.321% | — | $30.3M | — | as long as short |
| Bybit TAOUSDT | +0.0563% | 4h | 322.89 | −0.244% | $70.7M | $143.7M | 50x | as long as short |
| Nado TAO-PERP | +0.0572% | 1h | 322.89 | −0.244% | $791K | $2.2M | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0685% | 1h | 323.84 | +0.050% | $21K | $1.6M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 322.79 | −0.275% | $371 | — | 20x | as long as short |
| ApeX Omni TAOUSDTshort | +0.0723% | 1h | 323.82 | +0.043% | $48K | $253K | 50x | |
| 01 Exchange TAOUSD | +0.0776% | 1h | 323.51 | −0.053% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0848% | 1h | 322.93 | −0.231% | $949K | $2.3M | 25x | as long as short |
| Variational Omni TAO | +0.0868% | 4h | 323.85 | +0.052% | $6.0M | $9.8M | — | as long as short |
| Lighter TAO | +0.0912% | 1h | 323.94 | +0.081% | $1.6M | $6.3M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 324.38 | +0.216% | $1.5M | $6.8M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.1062% | 1h | 323.84 | +0.049% | $445K | $860K | 10x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 323.15 | −0.162% | $468K | $647K | 5x | as long as short |
| Hyperliquid TAO | +0.1260% | 1h | 323.18 | −0.154% | $101.7M | $99.1M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 323.37 | −0.096% | $24K | $2K | 12x | as long as short |
edgeX TAOUSDC
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
GMX TAO/USD [WBTC.b-USDC]
Kraken Futures PF_TAOUSD
GRVT TAO_USDT_Perp
Bullet TAO-USD
Paradex TAO-USD-PERP
BloFin TAO-USDT
Aster TAOUSDT
Pacifica TAO
Phoenix TAO
Arcus TAO-USD
BingX TAO-USDT
Bybit TAOUSDT
Nado TAO-PERP
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
01 Exchange TAOUSD
Extended TAO-USD
Variational Omni TAO
Lighter TAO
Coinbase International TAO-PERP-INTX
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Hyperliquid TAO
Injective TAO/USDC PERP