Funding you earn now, next payment 04:00 UTC−0.0216%/8h= −23.6% APRpaid last 24h +0.005%
Price spread now: GMX against Binance+0.023%7-day average −0.013% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.109%+$11 on $10k
+Price spread, last 4 days (all we have)+0.177%+$18 · spread now +0.023%, 7d avg −0.013%
=The price spread pays, funding is against you. GMX is 0.037% dearer against Binance than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.013%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 14 hours. 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 | Binance TAOUSDT | 315.68 | 0.0100 | pay 0.0050% / 4h | 46m 42s | $91.0M | $489.5M | 75x |
| Short | GMX TAO/USD [WBTC.b-USDC] | 315.75 | L +0.0152% / S +0.0116% | pay 0.0014% / 1h | 46m 42s | $428K | — | 100x |
Binance TAOUSDT
GMX TAO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Binance. 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
- −$45.33
- Price spread: +0.023% → −0.013%
- $3.66
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$63.68
- Costs to cover
- 0.220%
- Break-even
- never at this rate
Slippage unknown: Binance: live order book, 12 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 Binance live order book, 12 min ago | 0.16 bp | 7.8 bp −$8 | 15.5 bp −$155 | 42.4 bp −$4,238 | 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 | −0.0499% | 1h | 315.15 | −0.168% | $167K | $1K | 10x | as long as short |
| dYdX TAO-USD | 0.0000% | 1h | 315.31 | −0.117% | $126K | $85K | 5x | as long as short |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 315.81 | +0.042% | $20K | — | 150x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0056% | 1h | 315.75 | +0.021% | $5.6M | $20.6M | 50x | as long as short |
| Popdex TAOUSDT | +0.0096% | 1h | 316.10 | +0.133% | $42K | $685K | 20x | as long as short |
| Binance TAOUSDTlong | +0.0100% | 4h | 315.68 | long leg | $91.0M | $489.5M | 75x | |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 315.50 | −0.058% | $25.9M | $119.4M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 315.30 | −0.121% | $12.9M | $49.5M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 315.58 | −0.032% | $105.4M | $142.3M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 315.60 | −0.026% | $17.5M | $31.6M | 75x | as long as short |
Bulk TAO-USD
dYdX TAO-USD
gTrade (Gains Network) TAO/USD
Kraken Futures PF_TAOUSD
Popdex TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTMShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bitget TAOUSDT | +0.0100% | 4h | 315.36 | −0.102% | $35.2M | $55.8M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 314.23 | −0.459% | $35K | $303K | 10x | as long as short |
| ApeX Omni TAOUSDT | +0.0100% | 1h | 314.21 | −0.466% | $46K | $252K | 50x | as long as short |
| Polymarket Perps TAO-USD | +0.0100% | 1h | 316.09 | +0.129% | $89K | $790K | 5x | as long as short |
| Bullet TAO-USD | +0.0100% | 1h | 316.03 | +0.110% | $12K | $18K | 20x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 315.81 | +0.041% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 315.73 | +0.015% | $109K | $527K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 315.75 | +0.022% | $3.2M | $8.2M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 315.69 | +0.004% | $173K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0104% | 8h | 315.31 | −0.118% | $645 | $785K | 5x | as long as short |
| GRVT TAO_USDT_Perp | +0.0106% | 4h | 314.83 | −0.269% | $524K | $944K | 10x | as long as short |
| Orderly PERP_TAO_USDC | +0.0124% | 4h | 315.60 | −0.026% | $57K | $275K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]short | L +0.0152% / S +0.0116% | 1h | 315.75 | +0.023% | $428K | — | 100x | |
| Bybit TAOUSDT | +0.0154% | 4h | 315.63 | −0.016% | $68.7M | $146.4M | 50x | as long as short |
| BingX TAO-USDT | +0.0184% | 4h | 315.44 | −0.077% | — | $30.1M | — | as long as short |
| 01 Exchange TAOUSD | +0.0192% | 1h | 316.46 | +0.247% | $3K | $4K | 5x | as long as short |
| Paradex TAO-USD-PERP | +0.0195% | 8h | 315.58 | −0.032% | $14K | $1K | 10x | as long as short |
| Nado TAO-PERP | +0.0197% | 1h | 316.00 | +0.102% | $808K | $2.2M | 10x | as long as short |
| Aster TAOUSDT | +0.0221% | 4h | 315.29 | −0.124% | $1.2M | $10.1M | 50x | as long as short |
| Hyperliquid TAO | +0.0237% | 1h | 315.13 | −0.175% | $94.0M | $104.9M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0307% | 1h | 316.07 | +0.123% | $317K | $910K | 10x | as long as short |
| Extended TAO-USD | +0.0336% | 1h | 315.60 | −0.027% | $922K | $2.4M | 25x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 315.93 | +0.079% | $4.5M | $10.9M | 100x | as long as short |
| Arcus TAO-USD | +0.0345% | 1h | 315.84 | +0.050% | $100K | $488K | 5x | as long as short |
| Pacifica TAO | +0.0365% | 1h | 315.53 | −0.048% | $362K | $409K | 10x | as long as short |
| Lighter TAO | +0.0376% | 1h | 315.50 | −0.057% | $1.5M | $6.4M | 5x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0480% | 1h | 315.94 | +0.080% | $12K | $1.6M | 25x | as long as short |
| Phoenix TAO | +0.0581% | 1h | 314.50 | −0.374% | $313K | $697K | 5x | as long as short |
| Variational Omni TAO | +0.0651% | 4h | 314.33 | −0.428% | $5.8M | $9.8M | — | as long as short |
| Reya TAORUSDPERP | +0.0696% | 1h | 316.16 | +0.152% | $364 | — | 20x | as long as short |
| RISEx TAO/USDC | +0.0991% | 1h | 315.60 | −0.027% | $436K | $658K | 5x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.1008% | 1h | 316.44 | +0.240% | $1.5M | $6.6M | 50x | as long as short |
| Injective TAO/USDC PERP | +0.4222% | 1h | 319.61 | +1.244% | $23K | $2K | 12x | as long as short |
Bitget TAOUSDT
edgeX TAOUSDC
ApeX Omni TAOUSDT
Polymarket Perps TAO-USD
Bullet TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
GRVT TAO_USDT_Perp
Orderly PERP_TAO_USDC
Bybit TAOUSDT
BingX TAO-USDT
01 Exchange TAOUSD
Paradex TAO-USD-PERP
Nado TAO-PERP
Aster TAOUSDT
Hyperliquid TAO
Backpack TAO_USDC_PERP
Extended TAO-USD
BloFin TAO-USDT
Arcus TAO-USD
Pacifica TAO
Lighter TAO
Deribit TAO_USDC-PERPETUAL
Phoenix TAO
Variational Omni TAO
Reya TAORUSDPERP
RISEx TAO/USDC
Coinbase International TAO-PERP-INTX
Injective TAO/USDC PERP