Funding you earn now, next payment 01:00 UTC+0.1004%/8h= +109.9% APRpaid last 24h +0.038%
Price spread now: Extended against Orderly+0.079%7-day average −0.052% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.201%+$20 on $10k
+Price spread, last 3 days (all we have)−0.192%−$19 · spread now +0.079%, 7d avg −0.052%
=Together, before fees+0.009%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Extended is 0.132% dearer against Orderly than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.052%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.201% in total (about 10.5% 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 | 316.28 | 0.0100 | pay 0.0050% / 4h | 3h 04m | $57K | $316K | 10x |
| Short | Extended TAO-USD | 316.53 | 0.1104 | get 0.0138% / 1h | 4m 50s | $884K | $2.3M | 25x |
Orderly PERP_TAO_USDC
Extended TAO-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $210.84
- Price spread: +0.079% → −0.052%
- $13.18
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- $213.02
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; Extended: live order book, 4 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 Extended live order book, 4 min ago | 2.37 bp | 5.2 bp −$5 | 7.1 bp −$71 | 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 | −0.1228% | 1h | 316.14 | −0.044% | $168K | $40K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 316.09 | −0.059% | $126K | $88K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 315.93 | −0.111% | $10K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.39 | +0.035% | $43K | $603K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 317.21 | +0.295% | $90.9M | $451.0M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.90 | +0.196% | $25.7M | $109.3M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.40 | +0.038% | $12.8M | $51.3M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 316.72 | +0.139% | $100.2M | $136.8M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.99 | −0.092% | $17.8M | $29.3M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.67 | +0.123% | $35.3M | $51.6M | 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 | 317.06 | +0.245% | $40K | $294K | 10x | as long as short |
| GRVT TAO_USDT_Perp | +0.0100% | 4h | 315.81 | −0.149% | $523K | $958K | 10x | as long as short |
| Orderly PERP_TAO_USDClong | +0.0100% | 4h | 316.28 | long leg | $57K | $316K | 10x | |
| SunX TAO-USDT | +0.0100% | 4h | 316.45 | +0.054% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 316.26 | −0.006% | $127K | $422K | 20x | as long as short |
| Bullet TAO-USD | +0.0101% | 1h | 316.28 | −0.001% | $12K | $17K | 20x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 316.61 | +0.104% | $174K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0123% | 8h | 316.51 | +0.073% | $1K | $644K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0154% | 1h | 316.14 | −0.044% | $48K | $267K | 50x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0172% / S +0.0102% | 1h | 315.88 | −0.127% | $448K | — | 100x | as long as short |
| Pacifica TAO | +0.0185% | 1h | 316.70 | +0.131% | $375K | $376K | 10x | as long as short |
| Phemex TAOUSDT | +0.0191% | 4h | 316.40 | +0.038% | $3.4M | $7.8M | 50x | as long as short |
| Arcus TAO-USD | +0.0201% | 1h | 316.88 | +0.190% | $84K | $550K | 5x | as long as short |
| Aster TAOUSDT | +0.0208% | 4h | 316.10 | −0.056% | $1.3M | $8.8M | 50x | as long as short |
| Paradex TAO-USD-PERP | +0.0235% | 8h | 316.51 | +0.074% | $14K | $1K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0260% | 1h | 316.42 | +0.044% | $92K | $633K | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0287% | 1h | 316.21 | −0.021% | $17K | $1.5M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 316.47 | +0.060% | $4.4M | $10.8M | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0485% | 1h | 316.20 | −0.024% | $5.7M | $20.3M | 50x | as long as short |
| Phoenix TAO | +0.0525% | 1h | 317.00 | +0.228% | $332K | $624K | 5x | as long as short |
| 01 Exchange TAOUSD | +0.0560% | 1h | 316.57 | +0.092% | $3K | $4K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.0571% | 1h | 320.46 | +1.322% | $23K | $2K | 12x | as long as short |
| Variational Omni TAO | +0.0571% | 4h | 316.78 | +0.157% | $5.5M | $8.7M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 316.21 | −0.022% | $364 | — | 20x | as long as short |
| BingX TAO-USDT | +0.0702% | 4h | 316.66 | +0.120% | — | $30.7M | — | as long as short |
| Bybit TAOUSDT | +0.0714% | 4h | 316.60 | +0.101% | $65.2M | $133.6M | 50x | as long as short |
| Nado TAO-PERP | +0.0755% | 1h | 316.28 | −0.001% | $871K | $2.0M | 10x | as long as short |
| Backpack TAO_USDC_PERP | +0.0797% | 1h | 316.19 | −0.028% | $319K | $816K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0984% | 1h | 317.25 | +0.307% | $1.5M | $6.4M | 50x | as long as short |
| Extended TAO-USDshort | +0.1104% | 1h | 316.53 | +0.079% | $884K | $2.3M | 25x | |
| RISEx TAO/USDC | +0.1141% | 1h | 316.51 | +0.072% | $420K | $593K | 5x | as long as short |
| Lighter TAO | +0.1424% | 1h | 317.64 | +0.431% | $1.7M | $6.1M | 5x | as long as short |
| Hyperliquid TAO | +0.1761% | 1h | 317.31 | +0.326% | $101.5M | $91.6M | 5x | as long as short |
edgeX TAOUSDC
GRVT TAO_USDT_Perp
SunX TAO-USDT
HTX TAO-USDT
Bullet TAO-USD
Aevo TAO-PERP
Katana Perps TAO-USD
ApeX Omni TAOUSDT
GMX TAO/USD [WBTC.b-USDC]
Pacifica TAO
Phemex TAOUSDT
Arcus TAO-USD
Aster TAOUSDT
Paradex TAO-USD-PERP
Polymarket Perps TAO-USD
Deribit TAO_USDC-PERPETUAL
BloFin TAO-USDT
Kraken Futures PF_TAOUSD
Phoenix TAO
01 Exchange TAOUSD
Injective TAO/USDC PERP
Variational Omni TAO
Reya TAORUSDPERP
BingX TAO-USDT
Bybit TAOUSDT
Nado TAO-PERP
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Lighter TAO
Hyperliquid TAO