Funding you earn now, next payment 04:00 UTC−0.0015%/8h= −1.7% APRpaid last 24h 0.000%
Price spread now: OKX against Orderly+0.170%7-day average −0.035% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.078%+$8 on $10k
+Price spread, last 4 days (all we have)−0.194%−$19 · spread now +0.170%, 7d avg −0.035%
=The price spread pays, funding is against you. OKX is 0.205% dearer against Orderly than usual: you sell high and buy low (spread +0.170% now, against its 7-day average of −0.035%): +$21 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 45 days. Mind the row above: over the last 7 days funding on this pair paid +0.078%, 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 | 322.75 | 0.0115 | pay 0.0058% / 4h | 1h 27m | $58K | $282K | 10x |
| Short | OKX TAO-USDT-SWAP | 323.30 | 0.0100 | get 0.0100% / 8h | 5h 27m | $26.6M | $119.9M | 50x |
Orderly PERP_TAO_USDC
OKX TAO-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$3.18
- Price spread: +0.170% → −0.035%
- $20.51
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- $1.33
- Costs to cover
- 0.160%
- Break-even
- from the start
Slippage unknown: Orderly: no order-book sample; OKX: 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 OKX live order book, 2 min ago | 1.55 bp | 9.6 bp −$10 | 14.8 bp −$148 | 60.0 bp −$6,002 | 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 | −1.940% | $168K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 323.14 | +0.121% | $129K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 322.43 | −0.099% | $21K | — | 150x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 322.93 | +0.056% | $34K | $676K | 20x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 323.48 | +0.226% | $94.6M | $479.9M | 75x | as long as short |
| OKX TAO-USDT-SWAPshort | +0.0100% | 8h | 323.30 | +0.170% | $26.6M | $119.9M | 50x | |
| Gate TAO_USDT | +0.0100% | 4h | 322.70 | −0.015% | $13.2M | $49.8M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 323.09 | +0.105% | $100.3M | $141.5M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 322.86 | +0.034% | $18.1M | $31.2M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 323.29 | +0.167% | $36.2M | $54.6M | 50x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Popdex TAOUSDT
Binance TAOUSDT
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 | +0.110% | $36K | $301K | 10x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 322.77 | +0.006% | $87K | $792K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 322.61 | −0.043% | $2K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 322.86 | +0.034% | $131K | $482K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 323.00 | +0.077% | $3.5M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 322.96 | +0.066% | $177K | $998 | 3x | as long as short |
| Orderly PERP_TAO_USDClong | +0.0115% | 4h | 322.75 | long leg | $58K | $282K | 10x | |
| Katana Perps TAO-USD | +0.0116% | 8h | 323.16 | +0.127% | $687 | $776K | 5x | as long as short |
| GMX TAO/USD [WBTC.b-USDC] | L +0.0160% / S +0.0126% | 1h | 322.37 | −0.119% | $447K | — | 100x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0243% | 1h | 322.76 | +0.002% | $5.7M | $20.6M | 50x | as long as short |
| GRVT TAO_USDT_Perp | +0.0254% | 4h | 323.03 | +0.086% | $536K | $964K | 10x | as long as short |
| Bullet TAO-USD | +0.0276% | 1h | 322.80 | +0.015% | $12K | $18K | 20x | as long as short |
| Paradex TAO-USD-PERP | +0.0305% | 8h | 323.30 | +0.169% | $15K | $1K | 10x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 323.71 | +0.297% | $4.6M | $11.4M | 100x | as long as short |
| Aster TAOUSDT | +0.0371% | 4h | 323.01 | +0.080% | $1.1M | $9.6M | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0429% | 1h | 322.73 | −0.005% | $21K | $1.6M | 25x | as long as short |
| Pacifica TAO | +0.0448% | 1h | 323.55 | +0.248% | $383K | $402K | 10x | as long as short |
| Phoenix TAO | +0.0504% | 1h | 324.30 | +0.480% | $339K | $707K | 5x | as long as short |
| Arcus TAO-USD | +0.0509% | 1h | 323.33 | +0.180% | $101K | $487K | 5x | as long as short |
| BingX TAO-USDT | +0.0558% | 4h | 323.44 | +0.214% | — | $30.3M | — | as long as short |
| Bybit TAOUSDT | +0.0563% | 4h | 323.60 | +0.263% | $70.9M | $143.7M | 50x | as long as short |
| Nado TAO-PERP | +0.0572% | 1h | 322.89 | +0.043% | $791K | $2.2M | 10x | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 322.79 | +0.013% | $371 | — | 20x | as long as short |
| ApeX Omni TAOUSDT | +0.0723% | 1h | 323.82 | +0.332% | $48K | $253K | 50x | as long as short |
| 01 Exchange TAOUSD | +0.0776% | 1h | 323.51 | +0.235% | $3K | $4K | 5x | as long as short |
| Extended TAO-USD | +0.0840% | 1h | 322.76 | +0.003% | $949K | $2.3M | 25x | as long as short |
| Variational Omni TAO | +0.0868% | 4h | 323.85 | +0.340% | $6.0M | $9.8M | — | as long as short |
| Lighter TAO | +0.0912% | 1h | 323.21 | +0.143% | $1.6M | $6.3M | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1024% | 1h | 324.38 | +0.505% | $1.5M | $6.8M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.1062% | 1h | 323.48 | +0.226% | $445K | $860K | 10x | as long as short |
| RISEx TAO/USDC | +0.1159% | 1h | 323.15 | +0.125% | $468K | $647K | 5x | as long as short |
| Hyperliquid TAO | +0.1261% | 1h | 323.71 | +0.297% | $101.8M | $99.1M | 5x | as long as short |
| Injective TAO/USDC PERP | +0.4172% | 1h | 323.37 | +0.192% | $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
Deribit TAO_USDC-PERPETUAL
Pacifica TAO
Phoenix TAO
Arcus TAO-USD
BingX TAO-USDT
Bybit TAOUSDT
Nado TAO-PERP
Reya TAORUSDPERP
ApeX Omni TAOUSDT
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