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: Orderly against SunX−0.070%7-day average +0.013% · you buy dearer than you sell

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

Long on SunX Short on Orderly

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)+0.068%+$7 · spread now −0.070%, 7d avg +0.013%

Together, before fees−0.077%−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Orderly is 0.082% cheaper against SunX than usual: you would sell low and buy high (spread −0.070% now, against its 7-day average of +0.013%). If the spread goes back, that is −$8 on $10k: about 8.7 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.145%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX TAO-USDT	314.95	0.0100	pay 0.0050% / 4h	15m 14s	$2K	$1.9M	20x
Short	Orderly PERP_TAO_USDC	314.73	0.0132	get 0.0066% / 4h	15m 14s	$52K	$270K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly against SunX. 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 SunXbpFee OrderlybpOrdersPrice spread, now −0.070%Rate

Funding earned: $6.67
Price spread: −0.070% → +0.013%: −$8.25
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$15.58
Costs to cover: 0.140%
Break-even: 23.4 days

Slippage unknown: SunX: live order book, 1 min ago; Orderly: no order-book sample. 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 SunX live order book, 1 min ago	500.38 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

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	315.14	+0.061%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	314.72	−0.074%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	314.80	−0.048%	$5.5M	$20.6M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.48	+0.168%	$43K	$669K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	315.21	+0.083%	$645	$799K	5x	as long as short
Binance TAOUSDT	+0.0100%	4h	314.83	−0.038%	$91.0M	$494.8M	75x	as long as short
Bybit TAOUSDT	+0.0100%	4h	314.77	−0.057%	$67.7M	$148.9M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	314.60	−0.111%	$26.0M	$120.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	314.80	−0.048%	$12.9M	$50.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	314.88	−0.022%	$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	314.74	−0.067%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	314.51	−0.140%	$35.2M	$56.4M	50x	as long as short
BingX TAO-USDT	+0.0100%	4h	314.89	−0.019%	—	$32.9M	—	as long as short
edgeX TAOUSDC	+0.0100%	4h	315.19	+0.076%	$42K	$313K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.53	+0.185%	$522K	$956K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.11	+0.051%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	315.24	+0.092%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.07	+0.039%	$12K	$18K	20x	as long as short
SunX TAO-USDTlong	+0.0100%	4h	314.95	long leg	$2K	$1.9M	20x
HTX TAO-USDT	+0.0100%	4h	314.21	−0.235%	$110K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	314.81	−0.044%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.00	+0.014%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDCshort	+0.0132%	4h	314.73	−0.070%	$52K	$270K	10x
GMX TAO/USD [WBTC.b-USDC]	L +0.0146% / S +0.0122%	1h	314.72	−0.072%	$428K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0158%	8h	315.54	+0.188%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0181%	4h	315.03	+0.026%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0200%	1h	314.74	−0.067%	$923K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0209%	1h	315.21	+0.083%	$801K	$2.2M	10x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0218%	1h	314.94	−0.003%	$25K	$1.7M	25x	as long as short
Hyperliquid TAO	+0.0266%	1h	315.63	+0.216%	$92.8M	$106.5M	5x	as long as short
01 Exchange TAOUSD	+0.0320%	1h	315.59	+0.203%	$3K	$4K	5x	as long as short
BloFin TAO-USDT	+0.0340%	4h	314.96	+0.003%	$4.6M	$10.9M	100x	as long as short
Lighter TAO	+0.0344%	1h	315.12	+0.055%	$1.5M	$6.5M	5x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.72	+0.244%	$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	315.36	+0.130%	$360K	$412K	10x	as long as short
Variational Omni TAO	+0.0461%	4h	315.17	+0.070%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.40	+0.143%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.02	+0.022%	$362	—	20x	as long as short
Bulk TAO-USD	+0.0933%	1h	314.34	−0.194%	$167K	$2K	10x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.48	+0.167%	$436K	$651K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.12	+0.371%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.19	+1.029%	$23K	$2K	12x	as long as short