Funding you earn now, next payment 09:00 UTC−0.0187%/8h= −20.4% APRnext payment −$0.23 per $10,000 · paid last 24h −0.020%
Price spread now: GMX against ApeX Omni+0.003%68s7-day average −0.020% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)+0.081%+$8 on $10k
+Price spread, last 4 days (all we have)+0.367%+$37 · spread now +0.003%, 7d avg −0.020%
=The price spread pays, funding is against you. GMX is 0.023% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.003% now, against its 7-day average of −0.020%): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 10 hours. Mind the row above: over the last 4 days funding on this pair paid +0.081%, so the current rate has only just turned against you. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni TAOUSDT | 316.58 | 0.0294 | pay 0.0037% / 1h | 46m 23s | $46K | $259K | 50x |
| Short | GMX TAO/USD [WBTC.b-USDC] | 316.59 | L +0.0362% / S −0.0107% | get 0.0013% / 1h | 46m 23s | $372K | — | 100x |
ApeX Omni TAOUSDT
GMX TAO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against ApeX Omni. 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
- −$39.18
- Price spread: +0.003% → −0.020%
- $2.29
- Slippage, 4 orders
- no order book: not counted
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$58.89
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: ApeX Omni: live order book, 50 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 ApeX Omni live order book, 50 min ago | 4.90 bp | 12.2 bp −$12 | 126.9 bp −$1,269 | 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 | |
|---|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0005% | 1h | 316.60 | +0.007% | $22K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0066% | 1h | 316.46 | −0.039% | $127K | $86K | 5x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.86 | +0.088% | $50K | $717K | 20x | as long as short |
| Katana Perps TAO-USD | +0.0100% | 8h | 316.69 | +0.035% | $919 | $1.2M | 5x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 316.80 | +0.069% | $26.4M | $131.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 316.70 | +0.038% | $14.9M | $49.2M | 50x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 316.63 | +0.016% | $17.8M | $32.4M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 316.51 | −0.022% | $35.6M | $57.8M | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 316.92 | +0.107% | $87K | $1.2M | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 316.94 | +0.114% | $1K | $1.9M | 20x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Popdex TAOUSDT
Katana Perps TAO-USD
OKX TAO-USDT-SWAP
Gate TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
Polymarket Perps TAO-USD
SunX TAO-USDTShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| HTX TAO-USDT | +0.0100% | 4h | 316.41 | −0.054% | $116K | $589K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 316.55 | −0.009% | $3.2M | $8.2M | 50x | as long as short |
| Aevo TAO-PERP | +0.0120% | 1h | 316.98 | +0.128% | $174K | $998 | 3x | as long as short |
| MEXC TAO_USDT | +0.0160% | 4h | 316.91 | +0.104% | $104.4M | $151.6M | 300x | as long as short |
| edgeX TAOUSDC | +0.0164% | 4h | 316.63 | +0.017% | $42K | $321K | 10x | as long as short |
| Binance TAOUSDT | +0.0165% | 4h | 316.90 | +0.102% | $92.7M | $531.9M | 75x | as long as short |
| Orderly PERP_TAO_USDC | +0.0206% | 4h | 316.80 | +0.069% | $54K | $299K | 10x | as long as short |
| Bullet TAO-USD | +0.0225% | 1h | 316.59 | +0.003% | $12K | $17K | 20x | as long as short |
| GRVT TAO_USDT_Perp | +0.0228% | 4h | 316.92 | +0.107% | $542K | $887K | 10x | as long as short |
| Bulk TAO-USD | +0.0233% | 1h | 316.19 | −0.123% | $168K | $0 | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0251% | 8h | 316.91 | +0.103% | $14K | $876 | 10x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0289% | 1h | 316.57 | −0.002% | $15K | $1.9M | 25x | as long as short |
| ApeX Omni TAOUSDTlong | +0.0294% | 1h | 316.58 | long leg | $46K | $259K | 50x | |
| Aster TAOUSDT | +0.0326% | 4h | 316.96 | +0.120% | $1.2M | $11.1M | 50x | as long as short |
| Pacifica TAO | +0.0349% | 1h | 316.87 | +0.090% | $371K | $442K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]short | L +0.0362% / S −0.0107% | 1h | 316.59 | +0.003% | $372K | — | 100x | |
| Extended TAO-USD | +0.0376% | 1h | 316.71 | +0.040% | $899K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0402% | 4h | 316.72 | +0.044% | $4.8M | $10.9M | 100x | as long as short |
| Arcus TAO-USD | +0.0404% | 1h | 317.05 | +0.148% | $100K | $377K | 5x | as long as short |
| Bybit TAOUSDT | +0.0481% | 4h | 316.94 | +0.114% | $69.8M | $156.2M | 50x | as long as short |
| Hyperliquid TAO | +0.0522% | 1h | 316.92 | +0.107% | $93.4M | $110.1M | 5x | as long as short |
| BingX TAO-USDT | +0.0568% | 4h | 316.84 | +0.082% | — | $37.4M | — | as long as short |
| Nado TAO-PERP | +0.0569% | 1h | 316.80 | +0.070% | $769K | $2.0M | 10x | as long as short |
| Phoenix TAO | +0.0578% | 1h | 315.60 | −0.310% | $317K | $714K | 5x | as long as short |
| Variational Omni TAO | +0.0612% | 4h | 316.00 | −0.182% | $5.6M | $10.1M | — | as long as short |
| 01 Exchange TAOUSD | +0.0616% | 1h | 317.23 | +0.205% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0640% | 1h | 316.88 | +0.093% | $1.6M | $6.6M | 5x | as long as short |
| Reya TAORUSDPERP | +0.0698% | 1h | 316.86 | +0.089% | $364 | — | 20x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0786% | 1h | 316.62 | +0.013% | $6.0M | $21.3M | 50x | as long as short |
| Backpack TAO_USDC_PERP | +0.0786% | 1h | 316.79 | +0.066% | $317K | $1.0M | 10x | as long as short |
| RISEx TAO/USDC | +0.0840% | 1h | 316.82 | +0.074% | $446K | $673K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0944% | 1h | 316.98 | +0.126% | $1.2M | $7.3M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.3512% | 1h | 319.36 | +0.878% | $23K | $2K | 12x | as long as short |
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
MEXC TAO_USDT
edgeX TAOUSDC
Binance TAOUSDT
Orderly PERP_TAO_USDC
Bullet TAO-USD
GRVT TAO_USDT_Perp
Bulk TAO-USD
Paradex TAO-USD-PERP
Deribit TAO_USDC-PERPETUAL
Aster TAOUSDT
Pacifica TAO
Extended TAO-USD
BloFin TAO-USDT
Arcus TAO-USD
Bybit TAOUSDT
Hyperliquid TAO
BingX TAO-USDT
Nado TAO-PERP
Phoenix TAO
Variational Omni TAO
01 Exchange TAOUSD
Lighter TAO
Reya TAORUSDPERP
Kraken Futures PF_TAOUSD
Backpack TAO_USDC_PERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP