Funding you earn now, next payment 06:00 UTC−0.0103%/8h= −11.3% APRnext payment −$0.13 per $10,000 · paid last 24h +0.310%
Price spread now: GMX against Bulk+1.601%7-day average +0.085% · 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)+0.472%+$47 on $10k
+Price spread, last 4 days (all we have)−1.511%−$151 · spread now +1.601%, 7d avg +0.085%
=The price spread pays, funding is against you. GMX is 1.516% dearer against Bulk than usual: you sell high and buy low (spread +1.601% now, against its 7-day average of +0.085%): +$152 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 49 days. Mind the row above: over the last 3 days funding on this pair paid +0.472%, 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 | Bulk TAO-USD | 313.74 | −0.0038 | get 0.0005% / 1h | 18m 03s | $167K | $333 | 10x |
| Short | GMX TAO/USD [WBTC.b-USDC] | 318.76 | L +0.0127% / S +0.0141% | pay 0.0018% / 1h | 18m 03s | $426K | — | 100x |
Bulk TAO-USD
GMX TAO/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Bulk. 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
- −$21.64
- Price spread: +1.601% → +0.085%
- $151.57
- Slippage, 4 orders
- no order book: not counted
- Fee Bulk: 3.5 bp × 2 orders
- −$7
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $110.93
- Costs to cover
- 0.190%
- Break-even
- from the start
Slippage unknown: Bulk: live order book, 31 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 Bulk live order book, 31 min ago | 0.32 bp | 4.5 bp −$4 | 8.5 bp −$85 | 21.2 bp −$2,123 | 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-USDlong | −0.0038% | 1h | 313.74 | long leg | $167K | $333 | 10x | |
| gTrade (Gains Network) TAO/USD | L +0.0004% / S −0.0004% | 1h | 318.80 | +1.614% | $21K | — | 150x | as long as short |
| dYdX TAO-USD | +0.0037% | 1h | 318.82 | +1.619% | $127K | $85K | 5x | as long as short |
| Binance TAOUSDT | +0.0100% | 4h | 318.73 | +1.590% | $91.5M | $512.1M | 75x | as long as short |
| OKX TAO-USDT-SWAP | +0.0100% | 8h | 318.50 | +1.517% | $26.7M | $125.2M | 50x | as long as short |
| Gate TAO_USDT | +0.0100% | 4h | 318.70 | +1.581% | $14.2M | $51.5M | 50x | as long as short |
| MEXC TAO_USDT | +0.0100% | 4h | 318.97 | +1.667% | $100.9M | $147.6M | 300x | as long as short |
| KuCoin TAOUSDTM | +0.0100% | 4h | 318.88 | +1.638% | $17.5M | $31.5M | 75x | as long as short |
| Bitget TAOUSDT | +0.0100% | 4h | 318.64 | +1.562% | $35.9M | $57.4M | 50x | as long as short |
| edgeX TAOUSDC | +0.0100% | 4h | 318.55 | +1.534% | $42K | $316K | 10x | as long as short |
gTrade (Gains Network) TAO/USD
dYdX TAO-USD
Binance TAOUSDT
OKX TAO-USDT-SWAP
Gate TAO_USDT
MEXC TAO_USDT
KuCoin TAOUSDTM
Bitget TAOUSDT
edgeX TAOUSDCShow all 43 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Polymarket Perps TAO-USD | +0.0100% | 1h | 318.99 | +1.673% | $91K | $920K | 5x | as long as short |
| SunX TAO-USDT | +0.0100% | 4h | 318.75 | +1.597% | $1K | $1.9M | 20x | as long as short |
| HTX TAO-USDT | +0.0100% | 4h | 318.64 | +1.562% | $116K | $564K | 20x | as long as short |
| Phemex TAOUSDT | +0.0100% | 4h | 318.83 | +1.622% | $3.2M | $8.0M | 50x | as long as short |
| Aevo TAO-PERP | +0.0104% | 1h | 319.35 | +1.790% | $175K | $998 | 3x | as long as short |
| Katana Perps TAO-USD | +0.0111% | 8h | 318.67 | +1.571% | $2K | $940K | 5x | as long as short |
| Popdex TAOUSDT | +0.0112% | 1h | 318.68 | +1.575% | $53K | $670K | 20x | as long as short |
| Orderly PERP_TAO_USDC | +0.0120% | 4h | 319.05 | +1.692% | $53K | $290K | 10x | as long as short |
| GMX TAO/USD [WBTC.b-USDC]short | L +0.0127% / S +0.0141% | 1h | 318.76 | +1.601% | $426K | — | 100x | |
| Pacifica TAO | +0.0233% | 1h | 319.05 | +1.692% | $364K | $420K | 10x | as long as short |
| Aster TAOUSDT | +0.0264% | 4h | 319.22 | +1.747% | $1.3M | $10.7M | 50x | as long as short |
| Nado TAO-PERP | +0.0267% | 1h | 319.07 | +1.699% | $802K | $2.2M | 10x | as long as short |
| Paradex TAO-USD-PERP | +0.0277% | 8h | 319.07 | +1.699% | $14K | $1K | 10x | as long as short |
| Kraken Futures PF_TAOUSD | +0.0298% | 1h | 319.33 | +1.783% | $6.0M | $21.5M | 50x | as long as short |
| Bullet TAO-USD | +0.0332% | 1h | 319.09 | +1.706% | $12K | $17K | 20x | as long as short |
| BloFin TAO-USDT | +0.0340% | 4h | 318.93 | +1.654% | $4.6M | $11.0M | 100x | as long as short |
| GRVT TAO_USDT_Perp | +0.0374% | 4h | 315.91 | +0.693% | $537K | $923K | 10x | as long as short |
| Bybit TAOUSDT | +0.0398% | 4h | 318.73 | +1.590% | $69.6M | $153.4M | 50x | as long as short |
| BingX TAO-USDT | +0.0402% | 4h | 318.85 | +1.629% | — | $33.7M | — | as long as short |
| Variational Omni TAO | +0.0459% | 4h | 318.52 | +1.523% | $5.6M | $10.1M | — | as long as short |
| Arcus TAO-USD | +0.0483% | 1h | 319.11 | +1.712% | $103K | $345K | 5x | as long as short |
| Extended TAO-USD | +0.0504% | 1h | 319.04 | +1.688% | $906K | $2.4M | 25x | as long as short |
| Phoenix TAO | +0.0513% | 1h | 316.70 | +0.943% | $315K | $713K | 5x | as long as short |
| ApeX Omni TAOUSDT | +0.0574% | 1h | 315.18 | +0.459% | $45K | $256K | 50x | as long as short |
| Deribit TAO_USDC-PERPETUAL | +0.0596% | 1h | 319.11 | +1.712% | $15K | $1.8M | 25x | as long as short |
| Reya TAORUSDPERP | +0.0697% | 1h | 319.15 | +1.725% | $367 | — | 20x | as long as short |
| 01 Exchange TAOUSD | +0.0808% | 1h | 319.19 | +1.737% | $3K | $4K | 5x | as long as short |
| Lighter TAO | +0.0816% | 1h | 319.35 | +1.787% | $1.5M | $6.6M | 5x | as long as short |
| Hyperliquid TAO | +0.0816% | 1h | 319.11 | +1.712% | $93.8M | $109.2M | 5x | as long as short |
| Backpack TAO_USDC_PERP | +0.0845% | 1h | 319.02 | +1.683% | $316K | $890K | 10x | as long as short |
| Coinbase International TAO-PERP-INTX | +0.0928% | 1h | 319.49 | +1.833% | $1.5M | $7.0M | 50x | as long as short |
| RISEx TAO/USDC | +0.0948% | 1h | 318.56 | +1.538% | $460K | $650K | 5x | as long as short |
| Injective TAO/USDC PERP | +0.3711% | 1h | 319.48 | +1.830% | $23K | $2K | 12x | as long as short |
Polymarket Perps TAO-USD
SunX TAO-USDT
HTX TAO-USDT
Phemex TAOUSDT
Aevo TAO-PERP
Katana Perps TAO-USD
Popdex TAOUSDT
Orderly PERP_TAO_USDC
Pacifica TAO
Aster TAOUSDT
Nado TAO-PERP
Paradex TAO-USD-PERP
Kraken Futures PF_TAOUSD
Bullet TAO-USD
BloFin TAO-USDT
GRVT TAO_USDT_Perp
Bybit TAOUSDT
BingX TAO-USDT
Variational Omni TAO
Arcus TAO-USD
Extended TAO-USD
Phoenix TAO
ApeX Omni TAOUSDT
Deribit TAO_USDC-PERPETUAL
Reya TAORUSDPERP
01 Exchange TAOUSD
Lighter TAO
Hyperliquid TAO
Backpack TAO_USDC_PERP
Coinbase International TAO-PERP-INTX
RISEx TAO/USDC
Injective TAO/USDC PERP