TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0077%/8h= −8.4% APRnext payment −$0.38 per $10,000 · paid last 24h −0.001%

Price spread now: MEXC against Orderly+0.031%7-day average −0.012% · you sell dearer than you buy

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

Long on Orderly Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.049%+$5 on $10k

Price spread, last 4 days (all we have)−0.139%−$14 · spread now +0.031%, 7d avg −0.012%

Together, before fees−0.090%−$9 on $10k · with fees, hour by hour

The price spread pays, funding is against you. MEXC is 0.043% dearer against Orderly than usual: you sell high and buy low (spread +0.031% now, against its 7-day average of −0.012%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 45 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_TAO_USDC	319.09	0.0229	pay 0.0114% / 4h	3h 21m	$54K	$297K	10x
Short	MEXC TAO_USDT	319.19	0.0152	get 0.0076% / 4h	3h 21m	$108.3M	$153.2M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.031%Rate

Funding earned: −$16.16
Price spread: +0.031% → −0.012%: $4.3
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee MEXC: 0 bp × 2 orders: $0
Net: −$17.86
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 2 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 MEXC live order book, 2 min ago	0.47 bp	2.2 bp −$2	5.2 bp −$52	22.3 bp −$2,227	89.6 bp −$44.8K

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 −0.0003%	1h	318.70	−0.123%	$20K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	319.27	+0.056%	$49K	$699K	20x	as long as short
Bybit TAOUSDT	+0.0100%	4h	319.39	+0.094%	$69.8M	$155.4M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	319.20	+0.034%	$26.6M	$131.0M	50x	as long as short
Bulk TAO-USD	+0.0100%	1h	315.14	−1.238%	$167K	$0	10x	as long as short
Gate TAO_USDT	+0.0100%	4h	318.90	−0.060%	$15.2M	$50.0M	50x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	319.08	−0.003%	$17.5M	$32.4M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	319.04	−0.016%	$36.0M	$57.1M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	318.00	−0.342%	$87K	$1.1M	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	318.90	−0.060%	$1K	$1.9M	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
HTX TAO-USDT	+0.0100%	4h	318.91	−0.056%	$116K	$574K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	319.07	−0.006%	$3.2M	$8.1M	50x	as long as short
Katana Perps TAO-USD	+0.0105%	8h	319.03	−0.019%	$2K	$1.2M	5x	as long as short
Aevo TAO-PERP	+0.0112%	1h	318.96	−0.039%	$175K	$998	3x	as long as short
BingX TAO-USDT	+0.0140%	4h	319.20	+0.034%	—	$38.8M	—	as long as short
edgeX TAOUSDC	+0.0141%	4h	318.39	−0.219%	$42K	$321K	10x	as long as short
MEXC TAO_USDTshort	+0.0152%	4h	319.19	+0.031%	$108.3M	$153.2M	300x
Binance TAOUSDT	+0.0161%	4h	319.37	+0.087%	$93.0M	$523.6M	75x	as long as short
Orderly PERP_TAO_USDClong	+0.0229%	4h	319.09	long leg	$54K	$297K	10x
Paradex TAO-USD-PERP	+0.0242%	8h	319.32	+0.072%	$14K	$876	10x	as long as short
dYdX TAO-USD	+0.0271%	1h	318.81	−0.087%	$128K	$88K	5x	as long as short
ApeX Omni TAOUSDT	+0.0282%	1h	318.62	−0.147%	$45K	$257K	50x	as long as short
Bullet TAO-USD	+0.0283%	1h	319.14	+0.016%	$12K	$17K	20x	as long as short
Aster TAOUSDT	+0.0327%	4h	319.13	+0.013%	$1.2M	$11.2M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0332%	4h	317.64	−0.454%	$538K	$838K	10x	as long as short
Pacifica TAO	+0.0349%	1h	319.27	+0.056%	$368K	$445K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0363% / S −0.0107%	1h	318.23	−0.269%	$374K	—	100x	as long as short
BloFin TAO-USDT	+0.0381%	4h	319.21	+0.038%	$4.8M	$10.9M	100x	as long as short
Extended TAO-USD	+0.0384%	1h	319.24	+0.048%	$898K	$2.3M	25x	as long as short
Arcus TAO-USD	+0.0404%	1h	319.44	+0.110%	$101K	$360K	5x	as long as short
Nado TAO-PERP	+0.0443%	1h	319.17	+0.026%	$773K	$2.0M	10x	as long as short
Hyperliquid TAO	+0.0550%	1h	319.36	+0.085%	$94.7M	$109.0M	5x	as long as short
Phoenix TAO	+0.0578%	1h	315.70	−1.062%	$318K	$714K	5x	as long as short
Variational Omni TAO	+0.0597%	4h	313.84	−1.644%	$5.5M	$10.1M	—	as long as short
01 Exchange TAOUSD	+0.0616%	1h	319.80	+0.223%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0680%	1h	319.27	+0.056%	$1.6M	$6.7M	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0681%	1h	319.09	+0.001%	$9K	$1.9M	25x	as long as short
Reya TAORUSDPERP	+0.0698%	1h	318.19	−0.281%	$366	—	20x	as long as short
Backpack TAO_USDC_PERP	+0.0730%	1h	319.64	+0.172%	$315K	$1.0M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0780%	1h	319.15	+0.018%	$6.1M	$21.3M	50x	as long as short
RISEx TAO/USDC	+0.0840%	1h	318.31	−0.243%	$453K	$706K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.0944%	1h	318.62	−0.147%	$1.1M	$7.5M	50x	as long as short
Injective TAO/USDC PERP	+0.3512%	1h	317.77	−0.414%	$23K	$2K	12x	as long as short