TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0032%/8h= −3.5% APRnext payment −$0.16 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Orderly−0.010%7-day average −0.016% · you buy dearer than you sell

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

Long on Orderly Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.145%+$14 on $10k

Price spread, last 4 days (all we have)+0.004%$0 · spread now −0.010%, 7d avg −0.016%

Together, before fees+0.148%+$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.016%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.145%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TAO_USDC	314.99	0.0132	pay 0.0066% / 4h	16m 00s	$56K	$266K	10x
Short	BingX TAO-USDT	314.96	0.0100	get 0.0050% / 4h	16m 00s	—	$32.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Orderly. 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 OrderlybpFee BingXbpOrdersPrice spread, now −0.010%Rate

Funding earned: −$6.69
Price spread: −0.010% → −0.016%: $0.62
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$22.07
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; BingX: live order book, 8 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 BingX live order book, 8 min ago	0.95 bp	8.5 bp −$9	12.5 bp −$125	23.2 bp −$2,323	53.3 bp −$26.6K

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
dYdX TAO-USD	0.0000%	1h	314.82	−0.054%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.82	−0.055%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.88	−0.034%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.05	+0.019%	$43K	$669K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.90	−0.029%	$645	$799K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	315.07	+0.025%	$91.0M	$494.9M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	315.12	+0.041%	$67.8M	$148.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.10	+0.035%	$26.0M	$120.6M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.80	−0.060%	$12.9M	$50.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.96	−0.010%	$110.7M	$144.1M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	314.58	−0.130%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.76	−0.073%	$35.2M	$56.4M	50x	as long as short
BingX TAO-USDTshort	+0.0100%	4h	314.96	−0.010%	—	$32.9M	—
edgeX TAOUSDC	+0.0100%	4h	315.17	+0.057%	$42K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.17	+0.058%	$521K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.00	+0.003%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.84	−0.048%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.03	+0.013%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.95	−0.013%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.31	−0.216%	$109K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.74	−0.079%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.22	+0.073%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDClong	+0.0132%	4h	314.99	long leg	$56K	$266K	10x
GMX TAO/USD [WBTC.b-USDC]	L +0.0146% / S +0.0121%	1h	314.84	−0.047%	$428K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0159%	8h	315.06	+0.022%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0185%	4h	315.00	+0.003%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0200%	1h	314.93	−0.018%	$923K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0205%	1h	315.17	+0.056%	$801K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0265%	1h	315.00	+0.003%	$92.7M	$106.5M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0288%	1h	315.21	+0.069%	$25K	$1.7M	25x	as long as short
01 Exchange TAOUSD	+0.0320%	1h	315.15	+0.051%	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.30	+0.098%	$4.6M	$10.9M	100x	as long as short
Lighter TAO	+0.0344%	1h	315.23	+0.075%	$1.5M	$6.5M	5x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.34	+0.111%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0348%	1h	314.97	−0.006%	$315K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	315.19	+0.065%	$360K	$412K	10x	as long as short
Variational Omni TAO	+0.0461%	4h	315.17	+0.057%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.40	+0.130%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	314.86	−0.041%	$362	—	20x	as long as short
Bulk TAO-USD	+0.0933%	1h	314.34	−0.206%	$167K	$2K	10x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.07	+0.027%	$435K	$651K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.12	+0.359%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.85	+1.225%	$23K	$2K	12x	as long as short