TAO

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0205%/8h= −22.5% APRnext payment −$0.26 per $10,000 · paid last 24h +0.016%

Price spread now: GMX against Aevo−0.161%7-day average −0.051% · you buy dearer than you sell

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

Long on Aevo Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.109%+$11 on $10k

Price spread, last 3 days (all we have)+0.194%+$19 · spread now −0.161%, 7d avg −0.051%

Together, before fees+0.303%+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and GMX is 0.110% cheaper against Aevo than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.051%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.109%, 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	Aevo TAO-PERP	316.68	0.0104	pay 0.0013% / 1h	9m 33s	$174K	$998	3x
Short	GMX TAO/USD [WBTC.b-USDC]	316.17	L +0.0172% / S +0.0101%	pay 0.0013% / 1h	9m 33s	$449K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Aevo. 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 AevobpFee GMXbpOrdersPrice spread, now −0.161%Rate

Funding earned: −$43.11
Price spread: −0.161% → −0.051%: −$11.03
Slippage, 4 orders: no order book: not counted
Fee Aevo: 8 bp × 2 orders: −$16
Fee GMX: 6 bp × 2 orders: −$12
Net: −$82.14
Costs to cover: 0.280%
Break-even: never at this rate

Slippage unknown: Aevo: live order book, 64 min ago; GMX: 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 Aevo live order book, 64 min ago	34.18 bp	48.7 bp −$49	299.5 bp −$2,995	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.1821%	1h	318.67	+0.630%	$169K	$40K	10x	as long as short
dYdX TAO-USD	0.0000%	1h	315.65	−0.324%	$126K	$88K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	316.20	−0.150%	$21K	—	150x	as long as short
Popdex TAOUSDT	+0.0096%	1h	316.37	−0.096%	$42K	$598K	20x	as long as short
Binance TAOUSDT	+0.0100%	4h	316.29	−0.122%	$90.7M	$450.1M	75x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	316.30	−0.118%	$25.7M	$108.9M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.90	−0.245%	$12.8M	$51.2M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	316.01	−0.210%	$98.9M	$136.5M	300x	as long as short
KuCoin TAOUSDTM	+0.0100%	4h	315.89	−0.248%	$17.9M	$29.3M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	316.01	−0.210%	$35.2M	$51.4M	50x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
edgeX TAOUSDC	+0.0100%	4h	316.43	−0.079%	$40K	$293K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	316.09	−0.184%	$524K	$958K	10x	as long as short
Orderly PERP_TAO_USDC	+0.0100%	4h	316.39	−0.090%	$57K	$316K	10x	as long as short
SunX TAO-USDT	+0.0100%	4h	316.22	−0.144%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	316.77	+0.030%	$127K	$422K	20x	as long as short
Bullet TAO-USD	+0.0103%	1h	316.51	−0.052%	$12K	$17K	20x	as long as short
Aevo TAO-PERPlong	+0.0104%	1h	316.68	long leg	$174K	$998	3x
Katana Perps TAO-USD	+0.0119%	8h	316.36	−0.099%	$1K	$643K	5x	as long as short
GMX TAO/USD [WBTC.b-USDC]short	L +0.0172% / S +0.0101%	1h	316.17	−0.161%	$449K	—	100x
Pacifica TAO	+0.0185%	1h	315.97	−0.224%	$374K	$376K	10x	as long as short
ApeX Omni TAOUSDT	+0.0185%	1h	316.14	−0.169%	$48K	$267K	50x	as long as short
Arcus TAO-USD	+0.0201%	1h	316.52	−0.049%	$84K	$550K	5x	as long as short
Aster TAOUSDT	+0.0204%	4h	316.01	−0.210%	$1.2M	$8.8M	50x	as long as short
Phemex TAOUSDT	+0.0224%	4h	316.39	−0.090%	$3.4M	$7.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0235%	8h	315.99	−0.217%	$14K	$1K	10x	as long as short
Polymarket Perps TAO-USD	+0.0276%	1h	316.82	+0.046%	$93K	$633K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0285%	1h	316.30	−0.117%	$17K	$1.5M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	316.66	−0.005%	$4.5M	$10.8M	100x	as long as short
Kraken Futures PF_TAOUSD	+0.0485%	1h	316.31	−0.116%	$5.7M	$20.3M	50x	as long as short
Phoenix TAO	+0.0525%	1h	316.60	−0.024%	$331K	$624K	5x	as long as short
Variational Omni TAO	+0.0546%	4h	316.94	+0.085%	$5.5M	$8.7M	—	as long as short
01 Exchange TAOUSD	+0.0560%	1h	316.46	−0.068%	$3K	$4K	5x	as long as short
Injective TAO/USDC PERP	+0.0571%	1h	317.77	+0.346%	$23K	$802	12x	as long as short
BingX TAO-USDT	+0.0628%	4h	316.18	−0.156%	—	$30.5M	—	as long as short
Reya TAORUSDPERP	+0.0696%	1h	316.44	−0.073%	$364	—	20x	as long as short
Bybit TAOUSDT	+0.0738%	4h	316.56	−0.036%	$65.2M	$133.4M	50x	as long as short
Nado TAO-PERP	+0.0754%	1h	316.48	−0.062%	$876K	$2.0M	10x	as long as short
Backpack TAO_USDC_PERP	+0.0806%	1h	316.27	−0.128%	$320K	$816K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0984%	1h	317.71	+0.327%	$1.5M	$6.4M	50x	as long as short
Extended TAO-USD	+0.1120%	1h	316.26	−0.131%	$886K	$2.3M	25x	as long as short
RISEx TAO/USDC	+0.1141%	1h	316.40	−0.085%	$420K	$593K	5x	as long as short
Lighter TAO	+0.1424%	1h	316.58	−0.029%	$1.7M	$6.1M	5x	as long as short
Hyperliquid TAO	+0.1823%	1h	316.23	−0.141%	$101.2M	$91.5M	5x	as long as short